Castleark Management LLC Reduces Stock Holdings in The Boeing Company $BA

Castleark Management LLC lowered its stake in shares of The Boeing Company (NYSE:BA) by 46.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,080 shares of the aircraft producer’s stock after selling 22,690 shares during the quarter. Castleark Management LLC’s holdings in Boeing were worth $5,191,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Activity

In related news, Director Bradley D. Tilden purchased 1,370 shares of the stock in a transaction that occurred on Wednesday, May 20th. The shares were purchased at an average price of $218.50 per share, with a total value of $299,345.00. Following the completion of the acquisition, the director directly owned 1,370 shares in the company, valued at $299,345. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.10% of the stock is currently owned by corporate insiders.

Trending Headlines about Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: The Federal Aviation Administration recently restored Boeing’s authority to issue airworthiness certificates for newly produced 737 MAX and 787 aircraft after months of testing and safety audits. The milestone could help reduce delivery bottlenecks and supports the view that the 737 MAX recovery is progressing. Does Boeing’s FAA Win Signal the 737 MAX Turnaround Is Finally Underway?
• Positive Sentiment: Emirates reportedly remains eager to receive the larger 777X aircraft, offering a positive demand signal for Boeing’s long-delayed wide-body program. Continued customer interest could reinforce the program’s long-term revenue potential, although delivery timing remains important. Emirates Eager to See Bigger 777X Aircraft, Boeing Stock Gains
• Neutral Sentiment: Boeing is scheduled to report second-quarter results before the bell on July 28. Analysts expect a narrower loss, but investors will focus more heavily on free cash flow, production rates, aircraft deliveries, backlog conversion and management’s outlook for the turnaround. Boeing Set to Report Earnings – Here’s What Investors Should Watch
• Neutral Sentiment: Boeing earnings are one of the week’s major market events alongside reports from Ford and Visa, consumer-confidence data, inflation figures and the Federal Reserve meeting. These broader catalysts could increase volatility in BA and influence expectations for aerospace demand and interest rates. Boeing & Ford Earnings, July Consumer Confidence: What to Watch
• Negative Sentiment: The earnings preview highlights continued turnaround risk. Boeing’s stock has declined over the past year, while its substantial debt burden and weak liquidity metrics leave little room for production setbacks or additional cash needs. Investors are seeking clear evidence that manufacturing and deliveries are improving. Boeing Q2 Earnings Preview: What to Expect

Boeing Trading Up 1.0%

NYSE BA opened at $211.69 on Tuesday. The company has a debt-to-equity ratio of 7.42, a quick ratio of 0.35 and a current ratio of 1.18. The firm has a market cap of $166.88 billion, a PE ratio of 102.76 and a beta of 1.21. The Boeing Company has a one year low of $176.77 and a one year high of $254.35. The firm’s fifty day moving average is $219.17 and its two-hundred day moving average is $224.20.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Wells Fargo & Company began coverage on Boeing in a research report on Wednesday, April 1st. They set an “overweight” rating and a $250.00 target price on the stock. Citigroup raised their price target on Boeing from $256.00 to $260.00 and gave the stock a “buy” rating in a research note on Monday, May 18th. Tigress Financial lifted their price target on Boeing from $290.00 to $295.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Wolfe Research reiterated an “outperform” rating and issued a $275.00 price objective on shares of Boeing in a research note on Thursday, April 23rd. Finally, Btg Pactual set a $260.00 price objective on Boeing in a report on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Boeing has an average rating of “Moderate Buy” and a consensus price target of $261.53.

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.