The Boeing Company $BA Shares Purchased by NEOS Investment Management LLC

NEOS Investment Management LLC lifted its holdings in shares of The Boeing Company (NYSE:BA) by 54.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,033 shares of the aircraft producer’s stock after purchasing an additional 27,168 shares during the period. NEOS Investment Management LLC’s holdings in Boeing were worth $16,626,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BA. Alpha Cubed Investments LLC boosted its position in shares of Boeing by 43.3% in the second quarter. Alpha Cubed Investments LLC now owns 3,598 shares of the aircraft producer’s stock worth $754,000 after buying an additional 1,088 shares during the period. SteelPeak Wealth LLC lifted its position in Boeing by 50.4% during the 3rd quarter. SteelPeak Wealth LLC now owns 26,360 shares of the aircraft producer’s stock worth $5,689,000 after acquiring an additional 8,833 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Boeing by 1.7% in the 2nd quarter. Vanguard Group Inc. now owns 66,773,360 shares of the aircraft producer’s stock worth $13,991,022,000 after acquiring an additional 1,118,316 shares during the period. Patton Fund Management Inc. boosted its holdings in Boeing by 734.4% in the 3rd quarter. Patton Fund Management Inc. now owns 10,322 shares of the aircraft producer’s stock worth $2,228,000 after acquiring an additional 9,085 shares during the period. Finally, Moors & Cabot Inc. grew its position in Boeing by 7.1% in the second quarter. Moors & Cabot Inc. now owns 21,990 shares of the aircraft producer’s stock valued at $4,607,000 after acquiring an additional 1,461 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Up 0.4%

Shares of Boeing stock opened at $243.86 on Wednesday. The stock has a market capitalization of $191.51 billion, a price-to-earnings ratio of 121.32 and a beta of 1.15. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $254.35. The company has a current ratio of 1.19, a quick ratio of 0.40 and a debt-to-equity ratio of 8.37. The business’s 50 day simple moving average is $230.52 and its 200-day simple moving average is $219.60.

Boeing (NYSE:BA) last released its quarterly earnings data on Tuesday, January 27th. The aircraft producer reported $9.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.40) by $10.32. The company had revenue of $23.95 billion for the quarter, compared to analyst estimates of $22.41 billion. During the same quarter in the prior year, the firm earned ($5.90) EPS. The company’s revenue for the quarter was up 57.1% compared to the same quarter last year. Equities research analysts forecast that The Boeing Company will post -2.58 earnings per share for the current year.

Insider Transactions at Boeing

In other news, EVP Uma M. Amuluru sold 2,731 shares of Boeing stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $236.00, for a total transaction of $644,516.00. Following the sale, the executive vice president owned 11,925 shares of the company’s stock, valued at approximately $2,814,300. The trade was a 18.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Dana S. Deasy acquired 554 shares of Boeing stock in a transaction dated Monday, November 24th. The shares were acquired at an average price of $178.88 per share, with a total value of $99,099.52. Following the completion of the transaction, the senior vice president owned 28,442 shares of the company’s stock, valued at approximately $5,087,704.96. This trade represents a 1.99% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 0.09% of the company’s stock.

Analyst Ratings Changes

BA has been the subject of several analyst reports. Loop Capital set a $223.00 target price on shares of Boeing in a research note on Monday, November 3rd. Sanford C. Bernstein reiterated an “outperform” rating on shares of Boeing in a report on Wednesday, January 28th. Citigroup restated a “buy” rating on shares of Boeing in a research note on Thursday, February 5th. Argus raised Boeing to a “hold” rating in a research report on Monday, February 2nd. Finally, Deutsche Bank Aktiengesellschaft downgraded Boeing from a “buy” rating to a “hold” rating and set a $240.00 price target for the company. in a report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $246.14.

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.