Washburn Capital Management Inc. Takes $696,000 Position in The Boeing Company $BA

Washburn Capital Management Inc. bought a new stake in The Boeing Company (NYSE:BAFree Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 3,225 shares of the aircraft producer’s stock, valued at approximately $696,000.

Several other large investors have also recently added to or reduced their stakes in the business. Wallace Advisory Group LLC grew its holdings in Boeing by 1.2% in the 2nd quarter. Wallace Advisory Group LLC now owns 3,570 shares of the aircraft producer’s stock valued at $748,000 after buying an additional 44 shares during the period. Aspire Capital Advisors LLC lifted its holdings in shares of Boeing by 0.8% during the 2nd quarter. Aspire Capital Advisors LLC now owns 5,943 shares of the aircraft producer’s stock worth $1,245,000 after acquiring an additional 45 shares during the period. Lantz Financial LLC boosted its position in shares of Boeing by 1.5% in the second quarter. Lantz Financial LLC now owns 3,072 shares of the aircraft producer’s stock worth $644,000 after acquiring an additional 46 shares during the last quarter. Blue Barn Wealth LLC grew its holdings in Boeing by 1.8% in the second quarter. Blue Barn Wealth LLC now owns 2,594 shares of the aircraft producer’s stock valued at $544,000 after purchasing an additional 46 shares during the period. Finally, N.E.W. Advisory Services LLC grew its holdings in Boeing by 3.1% in the third quarter. N.E.W. Advisory Services LLC now owns 1,540 shares of the aircraft producer’s stock valued at $332,000 after purchasing an additional 46 shares during the period. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Boeing

Here are the key news stories impacting Boeing this week:

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft lowered shares of Boeing from a “buy” rating to a “hold” rating and set a $240.00 price target on the stock. in a report on Thursday, October 30th. Loop Capital set a $223.00 target price on Boeing in a research report on Monday, November 3rd. JPMorgan Chase & Co. boosted their price target on Boeing from $240.00 to $245.00 and gave the company an “overweight” rating in a research report on Friday, December 19th. Royal Bank Of Canada restated an “outperform” rating and set a $250.00 price target on shares of Boeing in a research note on Monday, September 29th. Finally, Susquehanna reissued a “positive” rating and set a $280.00 target price on shares of Boeing in a research report on Thursday. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have given a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, Boeing presently has an average rating of “Moderate Buy” and an average price target of $237.46.

Read Our Latest Stock Analysis on BA

Insider Transactions at Boeing

In other Boeing news, SVP Dana S. Deasy purchased 554 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The shares were acquired at an average price of $178.88 per share, for a total transaction of $99,099.52. Following the completion of the purchase, the senior vice president owned 28,442 shares in the company, valued at $5,087,704.96. The trade was a 1.99% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Uma M. Amuluru sold 1,366 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $197.66, for a total value of $270,003.56. Following the sale, the executive vice president owned 14,656 shares of the company’s stock, valued at approximately $2,896,904.96. This trade represents a 8.53% decrease in their position. The SEC filing for this sale provides additional information. 0.09% of the stock is currently owned by insiders.

Boeing Stock Down 0.0%

BA opened at $247.71 on Friday. The firm’s 50 day moving average is $208.57 and its 200-day moving average is $217.11. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $248.75. The firm has a market capitalization of $188.28 billion, a P/E ratio of -18.11, a P/E/G ratio of 7.06 and a beta of 1.16.

Boeing (NYSE:BAGet Free Report) last released its quarterly earnings results on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.51) by ($6.96). The company had revenue of $23.27 billion for the quarter, compared to analyst estimates of $21.61 billion. During the same period last year, the firm posted ($10.44) earnings per share. The company’s quarterly revenue was up 30.4% on a year-over-year basis. Equities analysts expect that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

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.

Recommended Stories

Want to see what other hedge funds are holding BA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Boeing Company (NYSE:BAFree Report).

Institutional Ownership by Quarter for Boeing (NYSE:BA)

Receive News & Ratings for Boeing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing and related companies with MarketBeat.com's FREE daily email newsletter.