Birinyi Associates Inc. Buys New Stake in The Boeing Company $BA

Birinyi Associates Inc. purchased a new stake in The Boeing Company (NYSE:BA) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 15,600 shares of the aircraft producer’s stock, valued at approximately $3,105,000. Boeing makes up approximately 0.8% of Birinyi Associates Inc.’s investment portfolio, making the stock its 22nd biggest holding.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its position in Boeing by 5.1% during the 4th quarter. Vanguard Group Inc. now owns 70,989,438 shares of the aircraft producer’s stock worth $15,413,227,000 after purchasing an additional 3,460,021 shares during the last quarter. Alyeska Investment Group L.P. grew its holdings in Boeing by 245.7% during the fourth quarter. Alyeska Investment Group L.P. now owns 2,252,450 shares of the aircraft producer’s stock worth $489,052,000 after acquiring an additional 1,600,909 shares during the period. Janus Henderson Group PLC increased its holdings in shares of Boeing by 43.1% in the 4th quarter. Janus Henderson Group PLC now owns 3,907,876 shares of the aircraft producer’s stock valued at $840,204,000 after purchasing an additional 1,176,074 shares in the last quarter. Viking Global Investors LP grew its position in Boeing by 31.3% during the fourth quarter. Viking Global Investors LP now owns 3,953,087 shares of the aircraft producer’s stock worth $858,294,000 after buying an additional 942,536 shares during the period. Finally, Diamant Asset Management Inc. lifted its position in shares of Boeing by 19,623.0% during the 1st quarter. Diamant Asset Management Inc. now owns 872,348 shares of the aircraft producer’s stock valued at $173,623,000 after acquiring an additional 867,925 shares during the period. 64.82% of the stock is owned by hedge funds and other institutional investors.

Key Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Saudi carrier Riyadh Air is reportedly considering a large follow-on order for 25-30 more Boeing 787 Dreamliners, which would reinforce demand for Boeing’s widebody jets ahead of the Farnborough Airshow. Riyadh Air studies order for 25-30 more Boeing 787s, sources say
• Positive Sentiment: Boeing is highlighting its commercial, defense, and services portfolio at Farnborough, including the 777X, MQ-28 Ghost Bat, Chinook, and T-7 programs, which could help build customer confidence and support future sales. Boeing to Showcase Global Programs and Partnerships at Farnborough International Airshow
• Positive Sentiment: Analysts also pointed to Trump’s expanded defense spending push as a potential long-term benefit for Boeing’s defense business. Trump’s Trillion‑Dollar Defense Push Could Be a Boon for Lockheed, RTX, Boeing and Northrop
• Neutral Sentiment: Boeing’s Farnborough presentation is being framed as an opportunity to “continue building trust,” suggesting the company is still in reputation-repair mode as it works to reassure customers and investors. ‘An Opportunity to Continue Building Trust,’ Boeing Stock (NYSE:BA) Slides as it Prepares for Farnborough Show
• Negative Sentiment: Two British Airways Boeing 777 flights bound for the U.S. reportedly turned back within two days because of technical issues, adding to concerns about reliability across Boeing’s aging fleet. Aging Fleet: 2 US-Bound British Airways Boeing 777s Turn Back With Tech Issues In 2 Days
• Negative Sentiment: Broader market headlines about renewed U.S.-Iran conflict fears and potential disruption in the Strait of Hormuz may also be weighing on risk sentiment for industrial and defense names. S&P 500, Nasdaq, Dow End Lower As US-Iran War Fear Remerges

Analyst Upgrades and Downgrades

Several research firms have weighed in on BA. Wells Fargo & Company began coverage on Boeing in a report on Wednesday, April 1st. They issued an “overweight” rating and a $250.00 target price on the stock. Morgan Stanley raised their price target on Boeing from $245.00 to $250.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 23rd. 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. Wolfe Research reiterated an “outperform” rating and set a $275.00 price objective on shares of Boeing in a research report on Thursday, April 23rd. Finally, Weiss Ratings lowered shares of Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, April 24th. 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, the stock has a consensus rating of “Moderate Buy” and an average price target of $261.61.

Insider Transactions at Boeing

In related news, Director Bradley D. Tilden bought 1,370 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was purchased at an average cost 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 $299,345. This trade 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.

Boeing Stock Performance

NYSE BA opened at $215.74 on Tuesday. The business’s 50-day moving average price is $223.01 and its 200 day moving average price is $224.83. The Boeing Company has a twelve month low of $176.77 and a twelve month high of $254.35. The company has a market capitalization of $170.07 billion, a PE ratio of 104.73 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.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share (EPS) 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 analyst estimates of $22.15 billion. During the same period in the previous year, the business posted ($0.49) earnings per share. The firm’s quarterly revenue was up 14.0% on a year-over-year basis. On average, research analysts predict that The Boeing Company will post -0.1 earnings per share for the current year.

About Boeing

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.