71,312 Shares in The Boeing Company $BA Acquired by Grandfield & Dodd LLC

Grandfield & Dodd LLC bought a new position in The Boeing Company (NYSE:BA) during the 2nd quarter, Holdings Channel.com reports. The fund bought 71,312 shares of the aircraft producer’s stock, valued at approximately $15,437,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Princeton Capital Management LLC increased its position in Boeing by 78.3% during the fourth quarter. Princeton Capital Management LLC now owns 12,249 shares of the aircraft producer’s stock valued at $2,660,000 after acquiring an additional 5,381 shares during the last quarter. Rakuten Investment Management Inc. increased its position in shares of Boeing by 502.3% during the fourth quarter. Rakuten Investment Management Inc. now owns 103,099 shares of the aircraft producer’s stock worth $22,398,000 after acquiring an additional 85,982 shares during the period. Louisiana State Employees Retirement System purchased a new position in shares of Boeing during the first quarter valued at $7,961,000. Patriot Financial Group Insurance Agency LLC raised its stake in Boeing by 103.8% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 11,240 shares of the aircraft producer’s stock worth $2,237,000 after buying an additional 5,726 shares in the last quarter. Finally, Deutsche Bank AG raised its holdings in Boeing by 47.5% in the fourth quarter. Deutsche Bank AG now owns 2,376,243 shares of the aircraft producer’s stock worth $515,930,000 after purchasing an additional 765,197 shares in the last quarter. 64.82% of the stock is owned by institutional investors.

Boeing Stock Down 2.2%

BA stock opened at $226.48 on Tuesday. The Boeing Company has a 12 month low of $176.77 and a 12 month high of $254.35. The company has a market cap of $179.00 billion, a price-to-earnings ratio of 98.04 and a beta of 1.21. The company has a fifty day moving average price of $221.91 and a 200 day moving average price of $222.66. The company has a debt-to-equity ratio of 6.77, a current ratio of 1.14 and a quick ratio of 0.33.

Boeing (NYSE:BA) last issued its quarterly earnings results on Tuesday, July 28th. The aircraft producer reported ($0.76) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.34) by ($0.42). The company had revenue of $24.56 billion during the quarter, compared to analyst estimates of $24.26 billion. Boeing had a net margin of 2.41% and a negative return on equity of 346.82%. The business’s revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the firm earned ($1.24) EPS. Sell-side analysts expect that The Boeing Company will post -0.87 earnings per share for the current year.

Insider Transactions at Boeing

In other news, Director Bradley D. Tilden acquired 1,370 shares of Boeing stock in a transaction that occurred on Wednesday, May 20th. The stock was purchased at an average price of $218.50 per share, for a total transaction of $299,345.00. Following the completion of the transaction, the director directly owned 1,370 shares in the company, valued at approximately $299,345. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on BA. Robert W. Baird set a $300.00 price target on shares of Boeing in a report on Wednesday, July 29th. Tigress Financial boosted their price objective on Boeing from $295.00 to $305.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. UBS Group initiated coverage on Boeing in a research report on Tuesday, August 11th. They set a “buy” rating for the company. Wolfe Research lowered shares of Boeing from an “outperform” rating to a “hold” rating in a research note on Tuesday, August 11th. Finally, JPMorgan Chase & Co. raised their target price on shares of Boeing from $270.00 to $290.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $272.58.

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.