The Boeing Company $BA is Hillman Capital Management Inc.’s 6th Largest Position

Hillman Capital Management Inc. lowered its position in shares of The Boeing Company (NYSE:BA) by 10.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,427 shares of the aircraft producer’s stock after selling 3,065 shares during the period. Boeing comprises about 3.5% of Hillman Capital Management Inc.’s investment portfolio, making the stock its 6th biggest holding. Hillman Capital Management Inc.’s holdings in Boeing were worth $5,521,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC purchased a new stake in Boeing during the 3rd quarter valued at $25,000. Ares Financial Consulting LLC purchased a new stake in Boeing during the 4th quarter valued at $26,000. Strategic Wealth Advisors LLC purchased a new stake in Boeing during the 4th quarter valued at $27,000. 1 North Wealth Services LLC purchased a new stake in Boeing during the 4th quarter valued at $27,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in Boeing during the 4th quarter valued at $28,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Down 0.6%

Shares of NYSE BA opened at $227.50 on Wednesday. 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 Boeing Company has a 12 month low of $176.77 and a 12 month high of $254.35. The firm has a market capitalization of $179.34 billion, a PE ratio of 110.44 and a beta of 1.20. The firm has a fifty day simple moving average of $223.58 and a two-hundred day simple moving average of $222.30.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, April 22nd. The aircraft producer reported ($0.20) EPS for the quarter, topping the consensus estimate of ($0.68) by $0.48. The company had revenue of $22.22 billion during the quarter, compared to the consensus estimate of $22.15 billion. During the same quarter last year, the company posted ($0.49) earnings per share. The firm’s revenue for the quarter was up 14.0% compared to the same quarter last year. Equities analysts expect that The Boeing Company will post -0.15 earnings per share for the current year.

Boeing News Roundup

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing reported a surge in May deliveries, which suggests improving production and execution as it works through supply-chain and manufacturing issues. The Boeing Company Reports Surge in Deliveries in May
• Positive Sentiment: The company also announced a $2.35 billion investment to expand its Wichita campus, while the U.S. Air Force backed Boeing’s updated KC-46A tanker vision system, signaling confidence in its defense business. Boeing Updates Capacity And Defense Progress As Shares Trade Below Targets
• Positive Sentiment: Boeing shares were also helped by a broader rally after a U.S.-Iran peace deal eased geopolitical तनाव and pushed oil prices lower, which can support airline and aerospace sentiment. Boeing (BA) Stock Is Up, What You Need To Know
• Neutral Sentiment: The company is out of the U.S. Navy trainer competition, which removes a potential contract opportunity, but the decision may also reduce execution risk on a contested program. Boeing Out of United States Navy Trainer Program, Boeing Stock (NYSE:BA) Jumps
• Negative Sentiment: Boeing is facing scrutiny after a B-52 crash that killed eight people, including two Boeing employees; the investigation could take months and may keep pressure on the stock. Boeing Faces Scrutiny After B-52 Crash
• Negative Sentiment: Confirmation of the fatalities in the Edwards Air Force Base crash adds reputational and oversight risk for Boeing’s defense segment. Boeing confirms eight fatalities in Edwards Air Force Base B-52 crash

Wall Street Analyst Weigh In

Several brokerages have weighed in on BA. Weiss Ratings cut shares of Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, April 24th. Tigress Financial upped 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. Citigroup upped 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 began coverage on shares of Boeing in a report on Wednesday, April 1st. They issued an “overweight” rating and a $250.00 price objective for the company. Finally, Morgan Stanley upped 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. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Boeing currently has a consensus rating of “Moderate Buy” and a consensus price target of $262.32.

Insider Activity

In other Boeing news, Director Bradley D. Tilden purchased 1,370 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was bought 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 $299,345. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is currently owned by 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.