Econ Financial Services Corp Buys 4,101 Shares of The Boeing Company $BA

Econ Financial Services Corp raised its stake in The Boeing Company (NYSE:BA) by 40.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,257 shares of the aircraft producer’s stock after acquiring an additional 4,101 shares during the period. Boeing makes up 1.3% of Econ Financial Services Corp’s portfolio, making the stock its 29th biggest position. Econ Financial Services Corp’s holdings in Boeing were worth $2,838,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Venturi Wealth Management LLC boosted its stake in Boeing by 74.7% in the 1st quarter. Venturi Wealth Management LLC now owns 5,087 shares of the aircraft producer’s stock worth $1,012,000 after purchasing an additional 2,175 shares in the last quarter. HF Advisory Group LLC increased its stake in Boeing by 2.4% during the 1st quarter. HF Advisory Group LLC now owns 2,971 shares of the aircraft producer’s stock valued at $591,000 after purchasing an additional 69 shares in the last quarter. Wealth Effects LLC raised its holdings in Boeing by 5.5% in the first quarter. Wealth Effects LLC now owns 11,976 shares of the aircraft producer’s stock worth $2,384,000 after buying an additional 619 shares during the last quarter. Piedmont Capital Management LLC NC raised its holdings in Boeing by 28.4% in the first quarter. Piedmont Capital Management LLC NC now owns 1,306 shares of the aircraft producer’s stock worth $260,000 after buying an additional 289 shares during the last quarter. Finally, Wesbanco Bank Inc. lifted its stake in shares of Boeing by 4.4% in the first quarter. Wesbanco Bank Inc. now owns 21,742 shares of the aircraft producer’s stock worth $4,327,000 after buying an additional 907 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on BA shares. Wolfe Research reiterated an “outperform” rating and set a $275.00 price target on shares of Boeing in a report on Thursday, April 23rd. Tigress Financial boosted 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 Boeing from $256.00 to $260.00 and gave the company a “buy” rating in a research report on Monday, May 18th. Wells Fargo & Company started coverage on Boeing in a research note on Wednesday, April 1st. They set an “overweight” rating and a $250.00 target price on the stock. Finally, Weiss Ratings lowered Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, April 24th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Boeing currently has an average rating of “Moderate Buy” and a consensus price target of $261.61.

Insider Transactions at Boeing

In related news, Director Bradley D. Tilden bought 1,370 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The shares were bought at an average price of $218.50 per share, for a total transaction of $299,345.00. Following the completion of the acquisition, the director owned 1,370 shares of the company’s stock, valued at $299,345. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Boeing Price Performance

BA opened at $217.31 on Friday. The company’s 50-day simple moving average is $223.94 and its two-hundred day simple moving average is $223.48. 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 stock has a market capitalization of $171.30 billion, a P/E ratio of 105.49 and a beta of 1.19. The Boeing Company has a 52-week low of $176.77 and a 52-week high of $254.35.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) EPS for the quarter, topping analysts’ consensus estimates 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 in the prior year, the firm earned ($0.49) earnings per share. The business’s revenue was up 14.0% compared to the same quarter last year. As a group, analysts predict that The Boeing Company will post -0.15 EPS for the current year.

Key Stories Impacting Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing won a new Space Force/MUOS defense contract worth up to $2 billion, adding to its government and space backlog and providing a longer-term revenue stream. Article Title
• Positive Sentiment: The EU extended its suspension of retaliatory tariffs in the Boeing-Airbus dispute, reducing the risk of fresh trade pressure on Boeing’s commercial airplane business. Article Title
• Positive Sentiment: Boeing also announced a new cybersecurity-focused SkyGuard service partnership with CYVIATION, a small but constructive sign of product expansion in aviation services. Article Title
• Neutral Sentiment: Comments from Boeing leadership about ongoing ETOPS testing and the 777X suggest there is still “a lot of work to do,” reinforcing that certification and execution risks remain. Article Title
• Negative Sentiment: A Boeing 777 freighter’s extremely low flyover in Texas drew criticism from pilots, creating another headline that could remind investors of operational and safety scrutiny around the brand. Article Title

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.