Kryger Capital LLC Takes Position in The Boeing Company $BA

Kryger Capital LLC purchased a new position in The Boeing Company (NYSE:BAFree Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 25,000 shares of the aircraft producer’s stock, valued at approximately $4,976,000.

Other institutional investors have also made changes to their positions in the company. Measured Wealth Private Client Group LLC acquired a new position in Boeing in the third quarter valued at about $25,000. Strive Financial Group LLC bought a new position in Boeing during the fourth quarter worth about $25,000. Ares Financial Consulting LLC acquired a new position in shares of Boeing during the 4th quarter worth about $26,000. CrossGen Wealth LLC acquired a new position in shares of Boeing during the 4th quarter worth about $26,000. Finally, Strategic Wealth Advisors LLC bought a new stake in shares of Boeing in the 4th quarter valued at about $27,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on BA shares. Morgan Stanley increased their price target on shares of Boeing from $245.00 to $250.00 and gave the company an “equal weight” rating in a research report on Thursday, April 23rd. Wolfe Research restated an “outperform” rating and set a $275.00 price objective on shares of Boeing in a report on Thursday, April 23rd. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Boeing in a research note on Tuesday. Citigroup upped their target price on shares of Boeing from $256.00 to $260.00 and gave the company a “buy” rating in a research note on Monday, May 18th. Finally, Tigress Financial increased their target price on shares of Boeing from $290.00 to $295.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Boeing has a consensus rating of “Moderate Buy” and a consensus target price of $261.53.

View Our Latest Analysis on BA

Insider Activity

In other Boeing news, Director Bradley D. Tilden bought 1,370 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was acquired at an average cost of $218.50 per share, with a total value of $299,345.00. Following the purchase, the director owned 1,370 shares in the company, valued at $299,345. This trade represents a ? increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.10% of the company’s stock.

Boeing Stock Up 0.1%

Shares of Boeing stock opened at $209.51 on Friday. The Boeing Company has a 1 year low of $176.77 and a 1 year high of $254.35. The business has a 50-day moving average of $219.35 and a two-hundred day moving average of $224.35. The company has a market capitalization of $165.15 billion, a P/E ratio of 101.70 and a beta of 1.21. 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:BAGet Free Report) last released its quarterly earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) EPS for the quarter, topping analysts’ consensus estimates of ($0.68) by $0.48. The business had revenue of $22.22 billion for the quarter, compared to analyst estimates of $22.15 billion. During the same period in the prior year, the business earned ($0.49) EPS. The company’s revenue for the quarter was up 14.0% compared to the same quarter last year. As a group, equities analysts predict that The Boeing Company will post -0.33 EPS for the current year.

Key Headlines Impacting Boeing

Here are the key news stories impacting Boeing this week:

About Boeing

(Free Report)

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.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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