Fort Washington Investment Advisors Inc. OH Purchases 2,979 Shares of The Boeing Company $BA

Fort Washington Investment Advisors Inc. OH boosted its position in shares of The Boeing Company (NYSE:BA) by 0.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 755,092 shares of the aircraft producer’s stock after purchasing an additional 2,979 shares during the period. Boeing comprises about 0.8% of Fort Washington Investment Advisors Inc. OH’s investment portfolio, making the stock its 29th biggest position. Fort Washington Investment Advisors Inc. OH owned 0.10% of Boeing worth $150,286,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of BA. Measured Wealth Private Client Group LLC acquired a new position in shares of Boeing in the 3rd quarter worth approximately $25,000. Strive Financial Group LLC acquired a new stake in Boeing during the 4th quarter valued at $25,000. Ares Financial Consulting LLC acquired a new stake in Boeing during the 4th quarter valued at $26,000. CrossGen Wealth LLC bought a new position in Boeing in the 4th quarter valued at $26,000. Finally, Strategic Wealth Advisors LLC bought a new position in Boeing in the 4th quarter valued at $27,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Key Boeing News

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

Insiders Place Their Bets

In related news, Director Bradley D. Tilden bought 1,370 shares of Boeing stock in a transaction on Wednesday, May 20th. The shares were purchased 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 in the company, valued at approximately $299,345. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on BA. Morgan Stanley increased their target price on Boeing from $245.00 to $250.00 and gave the stock an “equal weight” rating in a report on Thursday, April 23rd. Citigroup lifted their price target on Boeing from $256.00 to $260.00 and gave the company a “buy” rating in a report on Monday, May 18th. Weiss Ratings downgraded shares of Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, April 24th. Wolfe Research restated an “outperform” rating and issued a $275.00 price objective on shares of Boeing in a research report on Thursday, April 23rd. Finally, Wells Fargo & Company began coverage on shares of Boeing in a research note on Wednesday, April 1st. They issued an “overweight” rating and a $250.00 target price for the company. Two 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 assigned a Sell rating to the stock. According to MarketBeat.com, Boeing currently has a consensus rating of “Moderate Buy” and an average price target of $261.61.

Boeing Stock Down 0.4%

Shares of NYSE:BA opened at $217.31 on Friday. The company has a debt-to-equity ratio of 7.42, a current ratio of 1.18 and a quick ratio of 0.35. The stock has a market cap of $171.30 billion, a price-to-earnings ratio of 105.49 and a beta of 1.19. The company has a 50 day moving average of $223.94 and a 200-day moving average of $223.48. The Boeing Company has a one year low of $176.77 and a one year high of $254.35.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.68) by $0.48. The business had revenue of $22.22 billion during the quarter, compared to the consensus estimate of $22.15 billion. During the same period in the previous year, the business posted ($0.49) earnings per share. Boeing’s revenue was up 14.0% compared to the same quarter last year. On average, sell-side 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.