Van Hulzen Asset Management LLC Has $1.27 Million Holdings in The Boeing Company $BA

Van Hulzen Asset Management LLC increased its stake in shares of The Boeing Company (NYSE:BAFree Report) by 101.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,843 shares of the aircraft producer’s stock after purchasing an additional 2,937 shares during the period. Van Hulzen Asset Management LLC’s holdings in Boeing were worth $1,269,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Purus Wealth Management LLC grew its stake in shares of Boeing by 3.6% during the fourth quarter. Purus Wealth Management LLC now owns 1,177 shares of the aircraft producer’s stock worth $256,000 after purchasing an additional 41 shares during the period. West Wealth Group LLC lifted its holdings in Boeing by 0.6% during the fourth quarter. West Wealth Group LLC now owns 7,279 shares of the aircraft producer’s stock worth $1,581,000 after acquiring an additional 42 shares in the last quarter. First Heartland Consultants Inc. lifted its holdings in Boeing by 1.1% during the fourth quarter. First Heartland Consultants Inc. now owns 4,062 shares of the aircraft producer’s stock worth $882,000 after acquiring an additional 43 shares in the last quarter. Global Financial Private Client LLC lifted its holdings in Boeing by 1.1% during the fourth quarter. Global Financial Private Client LLC now owns 4,025 shares of the aircraft producer’s stock worth $874,000 after acquiring an additional 44 shares in the last quarter. Finally, North Star Investment Management Corp. lifted its holdings in Boeing by 1.6% during the fourth quarter. North Star Investment Management Corp. now owns 2,833 shares of the aircraft producer’s stock worth $615,000 after acquiring an additional 44 shares in the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Stock Performance

Shares of Boeing stock opened at $219.18 on Friday. The Boeing Company has a one year low of $176.77 and a one year high of $254.35. The firm has a market cap of $172.78 billion, a price-to-earnings ratio of 106.40 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. The stock’s 50-day moving average is $217.34 and its 200-day moving average is $218.62.

Boeing (NYSE:BAGet Free Report) last released its earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.68) by $0.48. The company had revenue of $22.22 billion for the quarter, compared to the consensus estimate of $22.15 billion. During the same quarter in the previous year, the company posted ($0.49) EPS. The business’s revenue was up 14.0% on a year-over-year basis. Equities analysts predict that The Boeing Company will post -0.15 earnings per share for the current fiscal year.

Boeing News Summary

Here are the key news stories impacting Boeing this week:

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on BA shares. Royal Bank Of Canada lifted their target price on Boeing from $265.00 to $275.00 and gave the stock an “outperform” rating in a report on Wednesday, January 28th. JPMorgan Chase & Co. lifted their target price on Boeing from $245.00 to $270.00 and gave the stock an “overweight” rating in a report on Wednesday, January 28th. Citigroup lifted their target price on Boeing from $256.00 to $260.00 and gave the stock a “buy” rating in a report on Monday. TD Cowen restated a “buy” rating on shares of Boeing in a report on Wednesday, January 28th. Finally, Tigress Financial boosted their price target on Boeing from $290.00 to $295.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $259.80.

Read Our Latest Stock Report on BA

Insider Buying and Selling

In related news, Director Mortimer J. Buckley bought 2,230 shares of the company’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were acquired at an average price of $224.20 per share, for a total transaction of $499,966.00. Following the completion of the acquisition, the director owned 4,430 shares of the company’s stock, valued at approximately $993,206. The trade was a 101.36% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Bradley D. Tilden bought 1,370 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The shares were bought at an average price of $218.50 per share, for a total transaction of $299,345.00. Following the acquisition, the director directly owned 1,370 shares of the company’s stock, valued at $299,345. This represents a ? increase in their position. The disclosure for this purchase is available in the SEC filing. 0.10% of the stock is currently owned by corporate insiders.

Boeing Company Profile

(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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