8,019 Shares in The Boeing Company $BA Acquired by Sage Investment Advisers LLC

Sage Investment Advisers LLC acquired a new position in shares of The Boeing Company (NYSE:BA) in the 4th quarter, Holdings Channel.com reports. The fund acquired 8,019 shares of the aircraft producer’s stock, valued at approximately $1,741,000. Boeing accounts for about 1.3% of Sage Investment Advisers LLC’s holdings, making the stock its 24th biggest holding.

Several other institutional investors have also recently modified their holdings of BA. Revolve Wealth Partners LLC acquired a new position in shares of Boeing during the 4th quarter worth approximately $201,000. Sivia Capital Partners LLC grew its stake in Boeing by 16.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,529 shares of the aircraft producer’s stock worth $320,000 after acquiring an additional 217 shares during the period. AXA S.A. grew its stake in Boeing by 1,225.7% in the 2nd quarter. AXA S.A. now owns 34,655 shares of the aircraft producer’s stock worth $7,261,000 after acquiring an additional 32,041 shares during the period. Ieq Capital LLC grew its stake in Boeing by 243.8% in the 2nd quarter. Ieq Capital LLC now owns 33,485 shares of the aircraft producer’s stock worth $7,016,000 after acquiring an additional 23,746 shares during the period. Finally, Alliancebernstein L.P. grew its stake in Boeing by 4.2% in the 2nd quarter. Alliancebernstein L.P. now owns 1,334,451 shares of the aircraft producer’s stock worth $279,608,000 after acquiring an additional 53,736 shares during the period. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing News Roundup

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: The FAA appears to be clearing the way for Boeing to move toward a 47-per-month production rate for the 737 MAX, signaling improving confidence in the company’s manufacturing stability and certification progress. 777X in 2027? FAA Suggests So, as Boeing Stock (NYSE:BA) Rises
• Positive Sentiment: CEO Kelly Ortberg said the 737 production ramp is stabilizing and that certification efforts are intensifying, reinforcing the view that Boeing is making operational progress after years of setbacks. Boeing CEO says 737 production ramp is stabilizing as certification push intensifies
• Positive Sentiment: Reports that China agreed to buy 200 Boeing aircraft continue to support the stock, with management describing the deal as only an initial tranche of potentially larger orders. Boeing CEO says 200-jet China deal an ‘initial tranche’ with more to come
• Positive Sentiment: Boeing also won an $854.7 million contract modification for P-8A aircraft for foreign military sales, adding to its defense backlog and helping offset commercial aircraft volatility. The Boeing Company wins $854.7M modification for P-8A aircraft for FMS
• Neutral Sentiment: A broader industry note said aerospace stocks are benefiting from an aftermarket rebound, which could provide a supportive backdrop for Boeing but does not directly change company fundamentals. 3 Aerospace Stocks Ready to Ride the Aftermarket Rebound
• Neutral Sentiment: Boeing’s SkyGrid unit announced new partnerships in U-space and advanced air mobility, which expands long-term optionality but is not likely to drive near-term stock moves. Boeing’s SkyGrid Moves Into U Space And Advanced Air Mobility

Boeing Stock Down 0.2%

Shares of NYSE BA opened at $230.75 on Monday. The Boeing Company has a 52-week low of $176.77 and a 52-week high of $254.35. The firm has a fifty day moving average of $218.89 and a 200-day moving average of $219.71. The stock has a market capitalization of $181.90 billion, a PE ratio of 112.01 and a beta of 1.20. The company has a quick ratio of 0.35, a current ratio of 1.18 and a debt-to-equity ratio of 7.42.

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

Insiders Place Their Bets

In other Boeing news, Director Mortimer J. Buckley purchased 2,230 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was purchased at an average cost of $224.20 per share, with a total value of $499,966.00. Following the transaction, the director owned 4,430 shares in the company, valued at approximately $993,206. This trade represents a 101.36% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Bradley D. Tilden purchased 1,370 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were acquired at an average cost of $218.50 per share, with a total value of $299,345.00. Following the completion of the transaction, the director owned 1,370 shares in the company, valued at $299,345. This trade 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.

Analysts Set New Price Targets

Several analysts have commented on the stock. Jefferies Financial Group reaffirmed a “buy” rating on shares of Boeing in a research note on Wednesday, March 4th. Weiss Ratings cut shares of Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, April 24th. Argus raised shares of Boeing to a “hold” rating in a research note on Monday, February 2nd. Wolfe Research reaffirmed an “outperform” rating and issued a $275.00 target price on shares of Boeing in a research note on Thursday, April 23rd. Finally, Tigress Financial lifted 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. 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, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $259.80.

Boeing 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.