The Boeing Company $BA Shares Bought by Inspire Trust Co. N.A.

Inspire Trust Co. N.A. lifted its holdings in The Boeing Company (NYSE:BA) by 21.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 19,500 shares of the aircraft producer’s stock after acquiring an additional 3,500 shares during the quarter. Inspire Trust Co. N.A.’s holdings in Boeing were worth $4,234,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Moors & Cabot Inc. boosted its holdings in shares of Boeing by 3.5% in the fourth quarter. Moors & Cabot Inc. now owns 24,124 shares of the aircraft producer’s stock worth $5,238,000 after buying an additional 817 shares during the period. Intech Investment Management LLC boosted its holdings in shares of Boeing by 1.7% in the fourth quarter. Intech Investment Management LLC now owns 26,978 shares of the aircraft producer’s stock worth $5,857,000 after buying an additional 444 shares during the period. Constant Guidance Financial LLC acquired a new position in shares of Boeing in the fourth quarter worth about $858,000. Foundations Investment Advisors LLC boosted its holdings in shares of Boeing by 28.1% in the fourth quarter. Foundations Investment Advisors LLC now owns 15,262 shares of the aircraft producer’s stock worth $3,314,000 after buying an additional 3,346 shares during the period. Finally, IFG Advisory LLC boosted its holdings in shares of Boeing by 10.5% in the fourth quarter. IFG Advisory LLC now owns 2,464 shares of the aircraft producer’s stock worth $535,000 after buying an additional 234 shares during the period. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

BA has been the subject of several recent analyst reports. Jefferies Financial Group reiterated a “buy” rating on shares of Boeing in a report on Wednesday, March 4th. Morgan Stanley raised their target price on shares of Boeing from $245.00 to $250.00 and gave the stock an “equal weight” rating in a report on Thursday, April 23rd. Wolfe Research reiterated an “outperform” rating and issued a $275.00 target price on shares of Boeing in a report on Thursday, April 23rd. Wells Fargo & Company initiated coverage on shares of Boeing in a report on Wednesday, April 1st. They issued an “overweight” rating and a $250.00 target price for the company. Finally, Argus upgraded shares of Boeing to a “hold” rating in a report on Monday, February 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $259.80.

Key Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: The FAA cleared Boeing to raise 737 MAX production to 47 jets per month, a key milestone that supports higher deliveries, revenue recognition, and free cash flow. FAA expects Boeing MAX 7 to be certified this summer, sees more production hikes
• Positive Sentiment: CEO Kelly Ortberg said Boeing’s 737 production ramp is stabilizing and that certification progress on the MAX 7 and MAX 10 could unlock additional volume later this year. Boeing CEO says 200-jet China deal an ‘initial tranche’ with more to come
• Positive Sentiment: Boeing also highlighted a reported 200-aircraft China commitment as an “initial tranche,” suggesting additional orders could follow and improving visibility for commercial demand. The Boeing Company (BA) Secures 200-Aircraft Agreement With China
• Positive Sentiment: The company won an $854.7 million modification for P-8A aircraft for foreign military sales, adding to its defense backlog and supporting the view that defense demand remains solid. The Boeing Company wins $854.7M modification for P-8A aircraft for FMS
• Neutral Sentiment: Market commentary continues to focus on Boeing’s larger challenge: scaling jet production reliably while managing supply-chain constraints, especially around engines and parts. China Doesn’t Matter for Boeing. This Does.
• Neutral Sentiment: Analysts and investors are also watching whether Boeing can convert these production gains into sustained cash flow improvement and reach higher output targets over the next year. Boeing Shares Rise As FAA Clears Path Toward 47 Max Jets Monthly

Boeing Stock Performance

BA stock opened at $228.97 on Friday. The company has a debt-to-equity ratio of 7.42, a quick ratio of 0.35 and a current ratio of 1.18. The stock has a market cap of $180.50 billion, a P/E ratio of 111.15 and a beta of 1.21. The firm has a 50 day simple moving average of $218.39 and a 200 day simple moving average of $219.45. The Boeing Company has a 52 week low of $176.77 and a 52 week high of $254.35.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) 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 analyst estimates of $22.15 billion. The business’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.49) earnings per share. Research analysts anticipate that The Boeing Company will post -0.15 earnings per share for the current fiscal year.

Insider Activity at Boeing

In other Boeing news, Director Mortimer J. Buckley acquired 2,230 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were purchased at an average price of $224.20 per share, with a total value of $499,966.00. Following the completion of the transaction, the director owned 4,430 shares in the company, valued at $993,206. The trade was a 101.36% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Bradley D. Tilden acquired 1,370 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were acquired at an average cost of $218.50 per share, for a total transaction of $299,345.00. Following the transaction, the director owned 1,370 shares of the company’s stock, valued at approximately $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 company insiders.

Boeing Company Profile

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.