The Boeing Company $BA Stock Holdings Lifted 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 fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 19,500 shares of the aircraft producer’s stock after buying an additional 3,500 shares during the quarter. Inspire Trust Co. N.A.’s holdings in Boeing were worth $4,234,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of BA. Revolve Wealth Partners LLC bought a new position in shares of Boeing in the 4th quarter worth about $201,000. Sivia Capital Partners LLC lifted its position in shares of 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 buying an additional 217 shares during the last quarter. AXA S.A. lifted its position in shares of 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 buying an additional 32,041 shares during the last quarter. Ieq Capital LLC lifted its position in shares of 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 buying an additional 23,746 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its position in shares of 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 buying an additional 53,736 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors.

Trending Headlines about Boeing

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

Analyst Ratings Changes

A number of analysts recently weighed in on BA shares. Morgan Stanley increased their price objective 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. Citigroup increased their price objective on shares of Boeing from $256.00 to $260.00 and gave the stock a “buy” rating in a report on Monday, May 18th. Wells Fargo & Company started coverage on shares of Boeing in a report on Wednesday, April 1st. They issued an “overweight” rating and a $250.00 price objective on the stock. Jefferies Financial Group reaffirmed a “buy” rating on shares of Boeing in a report on Wednesday, March 4th. Finally, Tigress Financial increased their price objective on shares of Boeing from $290.00 to $295.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $259.80.

Boeing Stock Up 2.1%

Boeing stock opened at $228.97 on Friday. The stock has a market cap of $180.50 billion, a price-to-earnings ratio of 111.15 and a beta of 1.21. The company has a current ratio of 1.18, a quick ratio of 0.35 and a debt-to-equity ratio of 7.42. The company’s 50-day moving average price is $218.39 and its two-hundred day moving average price is $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 released its earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) 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 analyst estimates of $22.15 billion. The firm’s quarterly revenue was up 14.0% on a year-over-year basis. During the same period in the previous year, the business posted ($0.49) EPS. On average, analysts expect that The Boeing Company will post -0.15 EPS for the current fiscal year.

Insider Activity at Boeing

In other Boeing news, Director Mortimer J. Buckley acquired 2,230 shares of the stock in a transaction dated Tuesday, March 3rd. The shares were bought at an average price of $224.20 per share, with a total value of $499,966.00. Following the purchase, the director directly owned 4,430 shares of the company’s stock, valued at approximately $993,206. This trade represents a 101.36% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Bradley D. Tilden acquired 1,370 shares of the stock in a transaction dated Wednesday, May 20th. The stock was acquired at an average cost of $218.50 per share, for a total transaction of $299,345.00. Following the purchase, the director directly owned 1,370 shares in the company, valued at approximately $299,345. The trade was a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 0.10% of the company’s stock.

About Boeing

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.