TIAA Trust National Association Increases Stock Position in The Boeing Company $BA

TIAA Trust National Association increased its position in shares of The Boeing Company (NYSE:BA) by 34.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 204,265 shares of the aircraft producer’s stock after buying an additional 52,735 shares during the quarter. TIAA Trust National Association’s holdings in Boeing were worth $44,350,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC purchased a new stake in Boeing during the third quarter worth $25,000. Ares Financial Consulting LLC purchased a new stake in Boeing in the 4th quarter worth $26,000. Strategic Wealth Advisors LLC purchased a new position in Boeing during the fourth quarter valued at $27,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Boeing in the fourth quarter valued at about $28,000. Finally, American National Bank & Trust grew its position in shares of Boeing by 124.2% in the fourth quarter. American National Bank & Trust now owns 139 shares of the aircraft producer’s stock valued at $30,000 after purchasing an additional 77 shares during the period. 64.82% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Boeing

In related news, Director Bradley D. Tilden purchased 1,370 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was acquired at an average cost of $218.50 per share, for a total transaction of $299,345.00. Following the completion of the transaction, the director directly owned 1,370 shares in the company, valued at approximately $299,345. The trade was a ? increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 0.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently commented on BA shares. Wells Fargo & Company started coverage on shares of Boeing in a research note on Wednesday, April 1st. They set an “overweight” rating and a $250.00 target price for the company. Jefferies Financial Group reissued a “buy” rating on shares of Boeing in a research note on Wednesday, March 4th. Wolfe Research reissued an “outperform” rating and set a $275.00 target price on shares of Boeing in a research note on Thursday, April 23rd. Tigress Financial boosted their target price on shares of Boeing from $290.00 to $295.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Finally, Weiss Ratings downgraded Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, April 24th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $259.80.

Boeing News Summary

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing is starting a new 737 MAX production line on July 6, with CEO Kelly Ortberg saying higher output is still being studied, signaling continued progress in ramping up one of its most important programs.
• Positive Sentiment: The FAA approved Boeing to move forward with the next phase of 777X certification testing, a key step that could reduce uncertainty around the long-delayed widebody jet program. Market Chatter: Boeing Says FAA Clears Key 777X Certification Testing Phase
• Positive Sentiment: Riyadh Air took delivery of its first Boeing 787-9 Dreamliners, reinforcing demand for Boeing widebody aircraft and highlighting continued commercial deliveries. Riyadh Air takes delivery of first Boeing 787-9 Dreamliners
• Positive Sentiment: Reports that Boeing has cleared a key 777X certification hurdle and that a fuller production ramp is under study are being viewed as signs of operational improvement, which can support sentiment on the stock. Boeing clears key 777X certification hurdle as FAA approves next flight tests
• Neutral Sentiment: Industry coverage around a soon-to-be-released Air India crash investigation report is keeping attention on Boeing’s safety and legal overhang, but the market is still waiting for the findings before assessing any direct impact. The Boeing Air India Crash Was Almost a Year Ago. The Full Investigation Report Is Coming Soon.
• Neutral Sentiment: Broader airline news, including higher fuel costs and delivery timing comments from carriers like Etihad, provides mixed context for Boeing’s customers, but does not directly change Boeing’s fundamentals today.
• Negative Sentiment: The upcoming Air India report could renew scrutiny of Boeing’s safety record if it raises concerns, which is why some investors may remain cautious despite the recent operational progress.

Boeing Price Performance

Shares of BA opened at $215.83 on Tuesday. The Boeing Company has a 1-year low of $176.77 and a 1-year high of $254.35. The stock has a market cap of $170.14 billion, a PE ratio of 104.77 and a beta of 1.20. The firm has a 50-day simple moving average of $221.22 and a two-hundred day simple moving average of $220.69. The company has a debt-to-equity ratio of 7.42, a current ratio of 1.18 and a quick ratio of 0.35.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.68) by $0.48. The company had revenue of $22.22 billion for the quarter, compared to analyst estimates of $22.15 billion. During the same quarter in the prior year, the business earned ($0.49) earnings per share. Boeing’s revenue was up 14.0% on a year-over-year basis. As a group, analysts forecast that The Boeing Company will post -0.15 EPS for the current year.

About Boeing

Boeing Company (NYSE: BA) is an American multinational corporation that designs, manufactures and services commercial airplanes, defense systems, and space and security technologies. Founded in 1916 by William E. Boeing in Seattle, the company today operates as an integrated aerospace and defense contractor with a global customer base. Boeing relocated its corporate headquarters to Arlington, Virginia in 2022 and maintains extensive engineering, manufacturing and service operations across the United States and around the world.

Boeing’s principal lines of business include Commercial Airplanes, which produces and supports a range of jetliners used by airlines globally; Defense, Space & Security, which develops military aircraft, rotorcraft, surveillance and reconnaissance systems, satellites, and launch and missile systems; and Boeing Global Services, which provides aftermarket maintenance, training, spare parts, digital analytics and logistics support.