The Boeing Company $BA Shares Purchased by Kampmann Melissa S.

Kampmann Melissa S. raised its holdings in The Boeing Company (NYSE:BA) by 280.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,185 shares of the aircraft producer’s stock after purchasing an additional 4,560 shares during the quarter. Kampmann Melissa S.’s holdings in Boeing were worth $1,231,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BA. Measured Wealth Private Client Group LLC purchased a new stake in shares of Boeing in the third quarter valued at approximately $25,000. Strive Financial Group LLC acquired a new position in Boeing during the fourth quarter worth $25,000. Ares Financial Consulting LLC purchased a new position in Boeing in the fourth quarter worth $26,000. CrossGen Wealth LLC acquired a new stake in Boeing in the fourth quarter valued at $26,000. Finally, Strategic Wealth Advisors LLC acquired a new stake in shares of Boeing in the fourth quarter valued at about $27,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BA. Wells Fargo & Company started coverage on Boeing in a report on Wednesday, April 1st. They issued an “overweight” rating and a $250.00 price target on the stock. Weiss Ratings lowered Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, April 24th. Wolfe Research restated an “outperform” rating and issued a $275.00 price target on shares of Boeing in a research report on Thursday, April 23rd. Tigress Financial increased their price objective on shares of Boeing from $290.00 to $295.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Finally, Citigroup lifted their target price on shares of Boeing from $256.00 to $260.00 and gave the stock a “buy” rating in a research report on Monday, May 18th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen 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 company presently has an average rating of “Moderate Buy” and a consensus price target of $261.61.

Boeing Stock Performance

NYSE:BA opened at $214.41 on Tuesday. The company has a market cap of $169.02 billion, a P/E ratio of 104.08 and a beta of 1.20. The firm’s 50 day moving average is $223.84 and its two-hundred day moving average is $223.70. The Boeing Company has a fifty-two week low of $176.77 and a fifty-two week high of $254.35. 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. Analysts expect that The Boeing Company will post -0.15 EPS for the current year.

Insider Buying and Selling at Boeing

In other news, Director Bradley D. Tilden bought 1,370 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was acquired at an average price of $218.50 per share, for a total transaction of $299,345.00. Following the acquisition, the director owned 1,370 shares of the company’s stock, valued at $299,345. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.10% of the stock is owned by corporate insiders.

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.