Allen Investment Management LLC Boosts Stock Position in The Boeing Company $BA

Allen Investment Management LLC lifted its holdings in shares of The Boeing Company (NYSE:BA) by 59.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 968,500 shares of the aircraft producer’s stock after acquiring an additional 362,047 shares during the period. Boeing accounts for approximately 2.3% of Allen Investment Management LLC’s investment portfolio, making the stock its 12th biggest holding. Allen Investment Management LLC’s holdings in Boeing were worth $210,281,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BA. Measured Wealth Private Client Group LLC acquired a new stake in Boeing during the third quarter worth approximately $25,000. Ares Financial Consulting LLC acquired a new position in Boeing in the 4th quarter valued at about $26,000. Strategic Wealth Advisors LLC purchased a new stake in Boeing during the 4th quarter valued at approximately $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Boeing during the 4th quarter valued at approximately $28,000. Finally, American National Bank & Trust lifted its position in Boeing by 124.2% during the 4th quarter. American National Bank & Trust now owns 139 shares of the aircraft producer’s stock worth $30,000 after acquiring an additional 77 shares during the period. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Stock Down 2.9%

Shares of NYSE BA opened at $224.45 on Tuesday. The firm has a market cap of $176.94 billion, a P/E ratio of 108.96 and a beta of 1.21. The company has a debt-to-equity ratio of 7.42, a quick ratio of 0.35 and a current ratio of 1.18. The Boeing Company has a 1 year low of $176.77 and a 1 year high of $254.35. The firm’s 50 day moving average price is $219.35 and its 200 day moving average price is $219.91.

Boeing (NYSE:BA) last released its earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) EPS for the quarter, beating the consensus estimate of ($0.68) by $0.48. The business had revenue of $22.22 billion during the quarter, compared to analyst estimates of $22.15 billion. During the same quarter in the previous year, the company posted ($0.49) earnings per share. The business’s revenue for the quarter was up 14.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Boeing Company will post -0.15 earnings per share for the current year.

Insider Activity at Boeing

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

Key Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing said its MQ-28 Ghost Bat unmanned aircraft successfully completed stealth/low-radar-cross-section validation testing, reinforcing progress in its military aircraft and autonomous systems business. Boeing says Ghost Bat completes stealth validation testing
• Positive Sentiment: Reports also point to Boeing’s improving production outlook, including FAA clearance to ramp 737 MAX output and hopes that China could convert a prior commitment into firm orders, which would support deliveries and cash flow. Trump Put Boeing Back In The China Game — And Now The Stock Is Racing Toward A Golden Cross
• Neutral Sentiment: Industry coverage continues to frame Kelly Ortberg’s turnaround effort as a long-term rebuild focused on improving quality and execution rather than chasing short-term Wall Street expectations. Stock Market Today: Dow Up As Trump Says This On Iran; AI Stocks Pop On Anthropic IPO Move (Live Coverage)
• Negative Sentiment: Despite the operational progress, Boeing stock is getting some pressure from market commentary noting that shares have lagged the broader market over the past year, while recent trading has also been influenced by a weaker overall Dow and risk-off sentiment tied to geopolitical headlines. Boeing Stock (NYSE:BA) Falls as MQ-28 Gets Validated

Analyst Ratings Changes

Several analysts have recently commented on BA shares. Morgan Stanley raised their target price on shares of Boeing from $245.00 to $250.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 23rd. Wolfe Research restated an “outperform” rating and set a $275.00 target price on shares of Boeing in a research report on Thursday, April 23rd. Argus raised shares of Boeing to a “hold” rating in a research note on Monday, February 2nd. Wells Fargo & Company started coverage on shares of Boeing in a report on Wednesday, April 1st. They issued an “overweight” rating and a $250.00 price target for the company. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Boeing in a research note on Wednesday, March 4th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Boeing has a consensus rating of “Moderate Buy” and a consensus target price of $259.80.

Boeing Company 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.