Hillman Capital Management Inc. Has $5.52 Million Stock Position in The Boeing Company $BA

Hillman Capital Management Inc. trimmed its holdings in The Boeing Company (NYSE:BA) by 10.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,427 shares of the aircraft producer’s stock after selling 3,065 shares during the quarter. Boeing comprises about 3.5% of Hillman Capital Management Inc.’s investment portfolio, making the stock its 6th biggest holding. Hillman Capital Management Inc.’s holdings in Boeing were worth $5,521,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of BA. Vanguard Group Inc. increased its stake in shares of Boeing by 5.1% in the 4th quarter. Vanguard Group Inc. now owns 70,989,438 shares of the aircraft producer’s stock worth $15,413,227,000 after acquiring an additional 3,460,021 shares in the last quarter. Alyeska Investment Group L.P. increased its stake in Boeing by 245.7% during the 4th quarter. Alyeska Investment Group L.P. now owns 2,252,450 shares of the aircraft producer’s stock valued at $489,052,000 after purchasing an additional 1,600,909 shares in the last quarter. Deutsche Bank AG increased its stake in Boeing by 47.5% during the 4th quarter. Deutsche Bank AG now owns 2,376,243 shares of the aircraft producer’s stock valued at $515,930,000 after purchasing an additional 765,197 shares in the last quarter. ING Groep NV increased its stake in Boeing by 2,073.4% during the 4th quarter. ING Groep NV now owns 772,400 shares of the aircraft producer’s stock valued at $167,703,000 after purchasing an additional 736,861 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Boeing by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 17,025,435 shares of the aircraft producer’s stock valued at $3,679,592,000 after purchasing an additional 533,753 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors.

Key Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing reported a surge in May deliveries, which suggests improving production and execution as it works through supply-chain and manufacturing issues. The Boeing Company Reports Surge in Deliveries in May
• Positive Sentiment: The company also announced a $2.35 billion investment to expand its Wichita campus, while the U.S. Air Force backed Boeing’s updated KC-46A tanker vision system, signaling confidence in its defense business. Boeing Updates Capacity And Defense Progress As Shares Trade Below Targets
• Positive Sentiment: Boeing shares were also helped by a broader rally after a U.S.-Iran peace deal eased geopolitical ???? and pushed oil prices lower, which can support airline and aerospace sentiment. Boeing (BA) Stock Is Up, What You Need To Know
• Neutral Sentiment: The company is out of the U.S. Navy trainer competition, which removes a potential contract opportunity, but the decision may also reduce execution risk on a contested program. Boeing Out of United States Navy Trainer Program, Boeing Stock (NYSE:BA) Jumps
• Negative Sentiment: Boeing is facing scrutiny after a B-52 crash that killed eight people, including two Boeing employees; the investigation could take months and may keep pressure on the stock. Boeing Faces Scrutiny After B-52 Crash
• Negative Sentiment: Confirmation of the fatalities in the Edwards Air Force Base crash adds reputational and oversight risk for Boeing’s defense segment. Boeing confirms eight fatalities in Edwards Air Force Base B-52 crash

Boeing Stock Performance

Shares of NYSE BA opened at $227.50 on Wednesday. The firm’s 50-day moving average price is $223.58 and its 200-day moving average price is $222.30. The company has a quick ratio of 0.35, a current ratio of 1.18 and a debt-to-equity ratio of 7.42. The company has a market cap of $179.34 billion, a PE ratio of 110.44 and a beta of 1.20. The Boeing Company has a 52-week low of $176.77 and a 52-week high of $254.35.

Boeing (NYSE:BA) last announced its quarterly 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 for the quarter, compared to analysts’ expectations of $22.15 billion. The business’s revenue was up 14.0% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.49) EPS. As a group, analysts anticipate that The Boeing Company will post -0.15 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on BA. Jefferies Financial Group restated a “buy” rating on shares of Boeing in a research note on Wednesday, March 4th. Wells Fargo & Company began coverage on shares of Boeing in a research note on Wednesday, April 1st. They set an “overweight” rating and a $250.00 price objective for the company. Wolfe Research restated an “outperform” rating and set a $275.00 price objective on shares of Boeing in a research note on Thursday, April 23rd. Citigroup raised their price objective 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, Weiss Ratings lowered shares of Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, April 24th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Boeing currently has an average rating of “Moderate Buy” and a consensus target price of $262.32.

Insider Activity

In related news, Director Bradley D. Tilden purchased 1,370 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were purchased at an average price of $218.50 per share, with a total value of $299,345.00. Following the acquisition, the director directly owned 1,370 shares in the company, valued at $299,345. The trade was a ? increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.10% of the stock is currently owned by 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.