Allspring Global Investments Holdings LLC Increases Stock Position in The Boeing Company $BA

Allspring Global Investments Holdings LLC raised its position in The Boeing Company (NYSE:BA) by 5.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 194,902 shares of the aircraft producer’s stock after acquiring an additional 10,272 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Boeing were worth $40,407,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Independent Financial Group LLC purchased a new stake in shares of Boeing in the 1st quarter worth about $3,625,000. Enterprise Financial Services Corp grew its holdings in shares of Boeing by 1.8% during the 1st quarter. Enterprise Financial Services Corp now owns 2,821 shares of the aircraft producer’s stock worth $561,000 after acquiring an additional 51 shares during the period. Prosperity Consulting Group LLC grew its holdings in shares of Boeing by 32.8% during the 1st quarter. Prosperity Consulting Group LLC now owns 2,824 shares of the aircraft producer’s stock worth $562,000 after acquiring an additional 697 shares during the period. Helium Advisors LLC raised its position in shares of Boeing by 20.0% in the 1st quarter. Helium Advisors LLC now owns 1,632 shares of the aircraft producer’s stock worth $325,000 after acquiring an additional 272 shares in the last quarter. Finally, D.A. Davidson & CO. raised its position in shares of Boeing by 4.2% in the 1st quarter. D.A. Davidson & CO. now owns 211,881 shares of the aircraft producer’s stock worth $42,171,000 after acquiring an additional 8,620 shares in the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Key Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: The FAA said Boeing can again self-certify airworthiness for its 737 MAX and 787 jets, restoring a key authority Boeing lost after the MAX crashes and signaling improving oversight trust. FAA returning ticketing authority to Boeing for 737 MAX, 787 planes
• Positive Sentiment: Reports also say Boeing is nearing certification milestones for the 737 MAX 7 and MAX 10, which could help unlock delayed deliveries and improve cash flow. Boeing nears key certification milestone for 737 Max 7 and Max 10
• Positive Sentiment: Boeing delivered 64 jets in June and posted its strongest first half of deliveries since 2018, reinforcing the case that production and cash generation are improving. Boeing Delivered 64 Jets in June. Here’s What That Means for Its July 28 Earnings.
• Positive Sentiment: Boeing is also targeting a potential 100-jet SMBC deal, while broader airline demand headlines and upcoming air shows could support new order activity. Boeing Targets 100-Jet SMBC Deal as Airbus Battles for Major Order
• Neutral Sentiment: Analysts continue to rate Boeing as a “moderate buy,” but that view reflects ongoing execution progress rather than a near-term breakout catalyst. The Boeing Company (NYSE:BA) Given Average Recommendation of “Moderate Buy” by Brokerages
• Negative Sentiment: Competition remains a concern, as Airbus won major orders from Chinese airlines, highlighting Boeing’s continued weakness in a key international market. Airbus Wins Major Order from Air China to Firm Regional Hold

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Btg Pactual set a $260.00 price objective on Boeing in a report on Tuesday, July 14th. Weiss Ratings downgraded shares of Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, April 24th. Wells Fargo & Company began coverage on shares of Boeing in a research report on Wednesday, April 1st. They issued an “overweight” rating and a $250.00 target price on the stock. Wolfe Research reissued an “outperform” rating and set a $275.00 price target on shares of Boeing in a research report on Thursday, April 23rd. Finally, Morgan Stanley lifted their price target on shares of Boeing from $245.00 to $250.00 and gave the company an “equal weight” rating in a research report on Thursday, April 23rd. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Boeing currently has an average rating of “Moderate Buy” and a consensus target price of $261.53.

Insider Buying and Selling

In other news, Director Bradley D. Tilden acquired 1,370 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were bought at an average cost of $218.50 per share, with a total value of $299,345.00. Following the transaction, the director owned 1,370 shares of the company’s stock, valued at $299,345. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.10% of the company’s stock.

Boeing Stock Up 0.2%

Shares of NYSE:BA opened at $214.38 on Monday. 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 stock has a fifty day simple moving average of $221.83 and a two-hundred day simple moving average of $224.79. The Boeing Company has a 12-month low of $176.77 and a 12-month high of $254.35. The stock has a market capitalization of $169.00 billion, a price-to-earnings ratio of 104.07 and a beta of 1.21.

Boeing (NYSE:BA) last released its 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 analysts’ expectations of $22.15 billion. During the same period in the prior year, the company posted ($0.49) earnings per share. The company’s revenue was up 14.0% on a year-over-year basis. On average, research analysts anticipate that The Boeing Company will post -0.27 earnings per share for the current fiscal 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.