Vaughan Nelson Investment Management L.P. Acquires 151,084 Shares of The Boeing Company $BA

Vaughan Nelson Investment Management L.P. grew its holdings in shares of The Boeing Company (NYSE:BA) by 58.8% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 408,024 shares of the aircraft producer’s stock after purchasing an additional 151,084 shares during the period. Vaughan Nelson Investment Management L.P. owned approximately 0.05% of Boeing worth $81,209,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in BA. Measured Wealth Private Client Group LLC purchased a new position in shares of Boeing in the 3rd quarter worth about $25,000. Strive Financial Group LLC purchased a new stake in Boeing during the 4th quarter valued at about $25,000. Ares Financial Consulting LLC bought a new stake in Boeing during the 4th quarter valued at about $26,000. CrossGen Wealth LLC purchased a new position in Boeing in the fourth quarter worth about $26,000. Finally, Strategic Wealth Advisors LLC purchased a new position in Boeing in the 4th quarter worth approximately $27,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Insider Buying and Selling at Boeing

In related news, Director Bradley D. Tilden bought 1,370 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was bought at an average cost of $218.50 per share, with a total value of $299,345.00. Following the completion of the purchase, the director owned 1,370 shares of the company’s stock, valued at approximately $299,345. The trade was a ? increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on BA shares. Jefferies Financial Group reissued a “buy” rating on shares of Boeing in a report on Wednesday, March 4th. Wolfe Research reaffirmed an “outperform” rating and set a $275.00 price objective on shares of Boeing in a research report on Thursday, April 23rd. Tigress Financial boosted their target price on Boeing from $290.00 to $295.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Morgan Stanley raised their price target on shares of Boeing from $245.00 to $250.00 and gave the company an “equal weight” rating in a report on Thursday, April 23rd. Finally, Wells Fargo & Company assumed coverage on shares of Boeing in a research report on Wednesday, April 1st. They set an “overweight” rating and a $250.00 price objective on the stock. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $262.32.

Boeing Stock Performance

Shares of BA opened at $223.51 on Monday. 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 Boeing Company has a 52 week low of $176.77 and a 52 week high of $254.35. The stock has a market cap of $176.19 billion, a price-to-earnings ratio of 108.50 and a beta of 1.20. The business has a 50-day simple moving average of $224.23 and a two-hundred day simple moving average of $223.07.

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 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 company’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same period last year, the business earned ($0.49) earnings per share. On average, analysts expect that The Boeing Company will post -0.15 EPS for the current year.

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.