Spectrum Financial Alliance Ltd LLC Purchases 16,886 Shares of The Boeing Company $BA

Spectrum Financial Alliance Ltd LLC increased its position in shares of The Boeing Company (NYSE:BA) by 5.2% during the 1st quarter, Holdings Channel reports. The fund owned 339,466 shares of the aircraft producer’s stock after buying an additional 16,886 shares during the quarter. Boeing accounts for about 13.0% of Spectrum Financial Alliance Ltd LLC’s investment portfolio, making the stock its 2nd biggest holding. Spectrum Financial Alliance Ltd LLC’s holdings in Boeing were worth $67,564,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Measured Wealth Private Client Group LLC acquired a new position in shares of Boeing in the 3rd quarter valued at $25,000. Strive Financial Group LLC acquired a new stake in Boeing during the 4th quarter worth $25,000. CrossGen Wealth LLC acquired a new stake in Boeing during the 4th quarter worth $26,000. Ares Financial Consulting LLC bought a new position in Boeing during the fourth quarter worth about $26,000. Finally, 1 North Wealth Services LLC acquired a new position in Boeing in the fourth quarter valued at about $27,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Insider Buying and Selling

In other news, Director Bradley D. Tilden acquired 1,370 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was bought at an average price of $218.50 per share, with a total value of $299,345.00. Following the transaction, the director directly owned 1,370 shares in the company, valued at approximately $299,345. The trade was a ? increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

Key Stories Impacting Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing is set to open its fourth 737 MAX assembly line in Everett, Washington, signaling progress on a production ramp as demand for the jet stays strong. Market Chatter: Boeing Opens Fourth 737 MAX Assembly Line to Support Production Ramp
• Positive Sentiment: The FAA is expected to certify the 737 MAX 7 later this month, a key step that could unlock 258 delayed Southwest orders and help Boeing clear another major approval hurdle. Boeing’s MAX 7 Delay May Finally End
• Positive Sentiment: Reports also say the FAA may soon restore Boeing’s final 737 safety signoff authority, which would reduce a major bottleneck in deliveries. Boeing Nears 737 MAX 7 Approval as FAA Eyes Key Authority Restoration
• Positive Sentiment: Philippine Airlines is reportedly preparing to order 15 Boeing 787-10 aircraft, which would add to Boeing’s backlog and support long-term widebody demand. Philippine Air to order 15 Boeing 787-10 and nine Airbus A350-1000
• Neutral Sentiment: Boeing and Bahir Dar University announced a partnership to establish an aviation innovation center, a strategic initiative that is unlikely to move shares in the near term. Bahir Dar University and Boeing partner to establish Aviation Innovation Center
• Negative Sentiment: Two recent incidents involving Boeing 737 MAX aircraft have revived headline risk, with reports of a broken or detached window on a Ryanair flight that injured a passenger and forced an emergency landing. Boeing 737 Makes Emergency Landing After Broken Window Injures Passenger
• Negative Sentiment: A separate investigation linked a misplaced locking pin to a Boeing 787 nose gear collapse in Frankfurt, reinforcing concerns about quality control and oversight. German investigators link misplaced pin to Boeing 787 incident

Boeing Stock Down 0.3%

Shares of NYSE BA traded down $0.77 during midday trading on Friday, reaching $222.34. The company’s stock had a trading volume of 3,825,758 shares, compared to its average volume of 5,207,274. The stock has a 50 day simple moving average of $223.28 and a 200-day simple moving average of $224.79. The company has a current ratio of 1.18, a quick ratio of 0.35 and a debt-to-equity ratio of 7.42. The Boeing Company has a fifty-two week low of $176.77 and a fifty-two week high of $254.35. The stock has a market capitalization of $175.27 billion, a price-to-earnings ratio of 107.93 and a beta of 1.21.

Boeing (NYSE:BA) last released its earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.68) by $0.48. The company had revenue of $22.22 billion during the quarter, compared to analyst estimates of $22.15 billion. Boeing’s revenue was up 14.0% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.49) EPS. Equities research analysts predict that The Boeing Company will post -0.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on BA. Tigress Financial increased their price target on Boeing from $290.00 to $295.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Wells Fargo & Company began coverage on Boeing in a research report on Wednesday, April 1st. They issued an “overweight” rating and a $250.00 price objective for the company. Citigroup increased their target price on Boeing from $256.00 to $260.00 and gave the stock a “buy” rating in a research note on Monday, May 18th. Weiss Ratings lowered shares of Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, April 24th. Finally, Morgan Stanley upped their price target on shares of Boeing from $245.00 to $250.00 and gave the company an “equal weight” rating in a report on Thursday, April 23rd. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $261.61.

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.