Meitav Investment House Ltd. Acquires 48,706 Shares of The Boeing Company $BA

Meitav Investment House Ltd. grew its stake in shares of The Boeing Company (NYSE:BA) by 32.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 197,606 shares of the aircraft producer’s stock after buying an additional 48,706 shares during the period. Meitav Investment House Ltd.’s holdings in Boeing were worth $39,330,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also made changes to their positions in BA. Measured Wealth Private Client Group LLC bought a new stake in shares of Boeing in the third quarter worth about $25,000. Strive Financial Group LLC bought a new stake in Boeing during the 4th quarter worth about $25,000. Ares Financial Consulting LLC acquired a new position in Boeing during the fourth quarter valued at approximately $26,000. CrossGen Wealth LLC bought a new position in shares of Boeing in the fourth quarter valued at $26,000. Finally, Strategic Wealth Advisors LLC acquired a new position in shares of Boeing during the 4th quarter worth about $27,000. Institutional investors own 64.82% of the company’s stock.

Trending Headlines about Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing started operating a fourth 737 MAX final assembly line in Everett, a move aimed at increasing output toward 47 jets per month and signaling stronger production capacity. Boeing’s new 737 assembly line starts moving in Everett
• Positive Sentiment: Reports also pointed to strong June delivery numbers, reinforcing the view that Boeing’s commercial aircraft production is improving. Boeing (BA) Stock Trades Up, Here Is Why
• Positive Sentiment: Denmark said it will buy two P-8A Poseidon maritime patrol aircraft from Boeing, adding another defense-related order to Boeing’s backlog. Denmark to buy two maritime patrol aircraft from Boeing, defence ministry says
• Neutral Sentiment: Analyst coverage remains generally constructive, with Wall Street views still supportive of the stock’s longer-term outlook. Is It Worth Investing in Boeing (BA) Based on Wall Street’s Bullish Views?
• Negative Sentiment: Boeing also disclosed an unplanned IT outage that disrupted both commercial and defense production systems, creating a temporary operational headwind. Boeing (BA) Hit By IT Outage That Disrupted Commercial And Defense Production

Boeing Price Performance

Shares of NYSE BA traded down $1.48 during mid-day trading on Tuesday, reaching $233.06. The company had a trading volume of 1,392,072 shares, compared to its average volume of 6,994,159. The firm has a market cap of $183.72 billion, a price-to-earnings ratio of 113.35 and a beta of 1.21. The business’s 50-day simple moving average is $223.60 and its 200 day simple moving average is $224.25. The Boeing Company has a one year low of $176.77 and a one year high of $254.35. The company has a debt-to-equity ratio of 7.42, a quick ratio of 0.35 and a current ratio of 1.18.

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

Insider Buying and Selling at Boeing

In other news, Director Bradley D. Tilden purchased 1,370 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was bought at an average price of $218.50 per share, with a total value of $299,345.00. Following the acquisition, the director owned 1,370 shares in the company, valued at approximately $299,345. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on BA shares. Morgan Stanley raised their price target on Boeing from $245.00 to $250.00 and gave the company an “equal weight” rating in a report on Thursday, April 23rd. Wolfe Research reissued an “outperform” rating and set a $275.00 target price on shares of Boeing in a report on Thursday, April 23rd. Wells Fargo & Company began coverage on shares of Boeing in a research report on Wednesday, April 1st. They issued an “overweight” rating and a $250.00 target price for the company. Tigress Financial raised their price target on shares of Boeing from $290.00 to $295.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Finally, Weiss Ratings cut shares of Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, April 24th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Boeing currently has a consensus rating of “Moderate Buy” and a consensus target price of $261.61.

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.