Adams Diversified Equity Fund Inc. Makes New $7.50 Million Investment in The Boeing Company $BA

Adams Diversified Equity Fund Inc. bought a new position in The Boeing Company (NYSE:BA) in the 1st quarter, Holdings Channel.com reports. The fund bought 37,700 shares of the aircraft producer’s stock, valued at approximately $7,503,000.

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

Boeing News Roundup

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

Analyst Upgrades and Downgrades

A number of research firms have commented on BA. Weiss Ratings downgraded shares of Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, April 24th. 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 initiated coverage on shares of Boeing in a research report on Wednesday, April 1st. They set an “overweight” rating and a $250.00 price objective for the company. Jefferies Financial Group reissued a “buy” rating on shares of Boeing in a report on Wednesday, March 4th. Finally, Tigress Financial lifted their target price on Boeing from $290.00 to $295.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $261.61.

Insider Buying and Selling

In other news, Director Bradley D. Tilden acquired 1,370 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was purchased at an average price of $218.50 per share, with a total value of $299,345.00. Following the purchase, the director owned 1,370 shares of the company’s stock, valued at approximately $299,345. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.10% of the company’s stock.

Boeing Price Performance

BA stock opened at $217.31 on Friday. 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 one year low of $176.77 and a one year high of $254.35. The firm has a market capitalization of $171.30 billion, a PE ratio of 105.49 and a beta of 1.19. The firm has a 50-day moving average of $223.94 and a two-hundred day moving average of $223.48.

Boeing (NYSE:BA) last released its earnings results 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 during the quarter, compared to analysts’ expectations of $22.15 billion. During the same period last year, the business earned ($0.49) earnings per share. The business’s revenue was up 14.0% on a year-over-year basis. On average, analysts forecast that The Boeing Company will post -0.15 earnings per share for the current year.

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.