4,409 Shares in The Boeing Company $BA Bought by Baer Investment Advisory LLC

Baer Investment Advisory LLC acquired a new position in shares of The Boeing Company (NYSE:BAFree Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 4,409 shares of the aircraft producer’s stock, valued at approximately $878,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Measured Wealth Private Client Group LLC purchased a new position in shares of Boeing during the 3rd quarter worth about $25,000. Strive Financial Group LLC bought a new position in Boeing during the 4th quarter valued at about $25,000. Ares Financial Consulting LLC purchased a new stake in Boeing in the 4th quarter worth about $26,000. CrossGen Wealth LLC purchased a new stake in Boeing in the 4th quarter worth about $26,000. Finally, Strategic Wealth Advisors LLC bought a new stake in Boeing in the fourth quarter worth about $27,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing News Roundup

Here are the key news stories impacting Boeing this week:

Boeing Stock Performance

Shares of Boeing stock opened at $226.18 on Friday. The firm has a market cap of $178.30 billion, a P/E ratio of 109.80 and a beta of 1.21. 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 12 month low of $176.77 and a 12 month high of $254.35. The stock’s fifty day moving average price is $223.60 and its 200-day moving average price is $224.12.

Boeing (NYSE:BAGet Free Report) last released its quarterly earnings data on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.68) by $0.48. The business had revenue of $22.22 billion during the quarter, compared to analysts’ expectations of $22.15 billion. During the same period last year, the company earned ($0.49) earnings per share. The firm’s revenue was up 14.0% compared to the same quarter last year. On average, equities research analysts expect that The Boeing Company will post -0.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BA has been the subject of several recent analyst reports. Citigroup boosted their target price 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 assumed coverage on Boeing in a report on Wednesday, April 1st. They set an “overweight” rating and a $250.00 price objective for the company. Tigress Financial upped their price objective on Boeing from $290.00 to $295.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Weiss Ratings lowered Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, April 24th. Finally, Wolfe Research reiterated an “outperform” rating and set a $275.00 target price on shares of Boeing in a research report on Thursday, April 23rd. Two equities research 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. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $261.61.

Check Out Our Latest Stock Report on BA

Insider Activity at Boeing

In other Boeing news, Director Bradley D. Tilden purchased 1,370 shares of Boeing stock in a transaction dated Wednesday, May 20th. The stock was acquired at an average price of $218.50 per share, for a total transaction of $299,345.00. Following the acquisition, the director owned 1,370 shares in the company, valued at $299,345. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Boeing Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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