Foundations Investment Advisors LLC Has $3.31 Million Position in The Boeing Company $BA

Foundations Investment Advisors LLC boosted its stake in shares of The Boeing Company (NYSE:BA) by 28.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,262 shares of the aircraft producer’s stock after purchasing an additional 3,346 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Boeing were worth $3,314,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Fisher Asset Management LLC raised its position in shares of Boeing by 3.3% during the third quarter. Fisher Asset Management LLC now owns 5,505,040 shares of the aircraft producer’s stock valued at $1,188,153,000 after buying an additional 177,597 shares during the last quarter. Russell Investments Group Ltd. grew its position in Boeing by 41.1% during the third quarter. Russell Investments Group Ltd. now owns 223,824 shares of the aircraft producer’s stock worth $48,316,000 after buying an additional 65,216 shares in the last quarter. Princeton Capital Management LLC increased its stake in Boeing by 78.3% during the fourth quarter. Princeton Capital Management LLC now owns 12,249 shares of the aircraft producer’s stock valued at $2,660,000 after acquiring an additional 5,381 shares during the period. Granite Investment Partners LLC increased its stake in Boeing by 1,984.0% during the third quarter. Granite Investment Partners LLC now owns 31,448 shares of the aircraft producer’s stock valued at $6,787,000 after acquiring an additional 29,939 shares during the period. Finally, Vaughan Nelson Investment Management L.P. acquired a new position in Boeing in the 4th quarter valued at approximately $55,787,000. Institutional investors own 64.82% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on BA. Wells Fargo & Company began coverage on Boeing in a report on Wednesday, April 1st. They set an “overweight” rating and a $250.00 price objective on the stock. Argus upgraded Boeing to a “hold” rating in a research note on Monday, February 2nd. Wolfe Research reaffirmed an “outperform” rating and issued a $275.00 target price on shares of Boeing in a research report on Thursday, April 23rd. Weiss Ratings lowered shares of Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, April 24th. Finally, Citigroup increased their price objective on shares of Boeing from $256.00 to $260.00 and gave the company a “buy” rating in a research note on Monday, May 18th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $259.80.

Insider Buying and Selling at Boeing

In other news, Director Bradley D. Tilden bought 1,370 shares of the stock in a transaction dated Wednesday, May 20th. The shares were acquired at an average price of $218.50 per share, with a total value 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 ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mortimer J. Buckley bought 2,230 shares of the company’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were purchased at an average price of $224.20 per share, with a total value of $499,966.00. Following the transaction, the director directly owned 4,430 shares in the company, valued at $993,206. This represents a 101.36% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.10% of the stock is currently owned by insiders.

Boeing News Summary

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: The FAA appears to be clearing the way for Boeing to move toward a 47-per-month production rate for the 737 MAX, signaling improving confidence in the company’s manufacturing stability and certification progress. 777X in 2027? FAA Suggests So, as Boeing Stock (NYSE:BA) Rises
• Positive Sentiment: CEO Kelly Ortberg said the 737 production ramp is stabilizing and that certification efforts are intensifying, reinforcing the view that Boeing is making operational progress after years of setbacks. Boeing CEO says 737 production ramp is stabilizing as certification push intensifies
• Positive Sentiment: Reports that China agreed to buy 200 Boeing aircraft continue to support the stock, with management describing the deal as only an initial tranche of potentially larger orders. Boeing CEO says 200-jet China deal an ‘initial tranche’ with more to come
• Positive Sentiment: Boeing also won an $854.7 million contract modification for P-8A aircraft for foreign military sales, adding to its defense backlog and helping offset commercial aircraft volatility. The Boeing Company wins $854.7M modification for P-8A aircraft for FMS
• Neutral Sentiment: A broader industry note said aerospace stocks are benefiting from an aftermarket rebound, which could provide a supportive backdrop for Boeing but does not directly change company fundamentals. 3 Aerospace Stocks Ready to Ride the Aftermarket Rebound
• Neutral Sentiment: Boeing’s SkyGrid unit announced new partnerships in U-space and advanced air mobility, which expands long-term optionality but is not likely to drive near-term stock moves. Boeing’s SkyGrid Moves Into U Space And Advanced Air Mobility

Boeing Trading Up 0.9%

Shares of BA opened at $230.75 on Friday. 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 market cap of $181.90 billion, a PE ratio of 112.01 and a beta of 1.21. The Boeing Company has a 1 year low of $176.77 and a 1 year high of $254.35. The stock has a 50 day simple moving average of $218.89 and a 200-day simple moving average of $219.53.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.68) by $0.48. The company had revenue of $22.22 billion during the quarter, compared to the consensus estimate of $22.15 billion. During the same quarter last year, the company earned ($0.49) earnings per share. The business’s revenue was up 14.0% on a year-over-year basis. On average, sell-side analysts predict that The Boeing Company will post -0.15 EPS 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.