The Boeing Company $BA Shares Purchased by Fortitude Advisory Group L.L.C.

Fortitude Advisory Group L.L.C. raised its stake in The Boeing Company (NYSE:BA) by 204.1% during the 1st quarter, HoldingsChannel reports. The firm owned 3,302 shares of the aircraft producer’s stock after acquiring an additional 2,216 shares during the quarter. Fortitude Advisory Group L.L.C.’s holdings in Boeing were worth $657,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Measured Wealth Private Client Group LLC purchased a new stake in shares of Boeing during the 3rd quarter valued at about $25,000. Strive Financial Group LLC purchased a new position in Boeing in the 4th quarter worth approximately $25,000. CrossGen Wealth LLC purchased a new position in Boeing in the 4th quarter worth approximately $26,000. Ares Financial Consulting LLC acquired a new stake in Boeing in the fourth quarter valued at approximately $26,000. Finally, 1 North Wealth Services LLC purchased a new stake in shares of Boeing during the fourth quarter valued at approximately $27,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Trading Down 0.1%

BA opened at $226.18 on Monday. The Boeing Company has a 12-month low of $176.77 and a 12-month high of $254.35. The company has a debt-to-equity ratio of 7.42, a current ratio of 1.18 and a quick ratio of 0.35. The stock has a market capitalization of $178.30 billion, a PE ratio of 109.80 and a beta of 1.21. The firm’s fifty day moving average price is $223.60 and its 200 day moving average price is $224.25.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share for the quarter, topping the consensus estimate of ($0.68) by $0.48. The company had revenue of $22.22 billion for the quarter, compared to analyst estimates of $22.15 billion. Boeing’s revenue was up 14.0% on a year-over-year basis. During the same period in the prior year, the business earned ($0.49) earnings per share. As a group, research analysts expect that The Boeing Company will post -0.15 EPS for the current fiscal year.

Key Stories Impacting Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Investors continue to focus on Boeing’s recent commercial and defense wins, including a large China Southern order, a Lufthansa-related 787-9 sale-and-leaseback deal, and a new Space Force award that adds visibility to its backlog and cash-flow outlook. The Odds of a Third Strike at Boeing (NYSE:BA)
• Positive Sentiment: Analysts and market commentary point to improving commercial deliveries, a strong defense backlog, and institutional buying as reasons investors have been more constructive on Boeing stock recently. Boeing (BA) Stock Climbs on China Southern Order and Strong Institutional Interest
• Neutral Sentiment: Industry coverage also highlights continued long-term demand for large commercial jets, with Boeing still positioned in a duopoly as investors weigh competition from Airbus and emerging aircraft makers. Global Jetliner Market Analysis: Evaluating Commercial Jet Trends and Forecasts
• Negative Sentiment: Boeing said an unplanned IT outage disrupted factory work across its Washington-to-Florida manufacturing network on the final day of the quarter, raising concerns about execution, production timing, and near-term operational efficiency. Boeing Says ‘Unplanned IT Outage’ Hit Computer Systems as Factory Work From Washington to Florida was Disrupted
• Negative Sentiment: Separate coverage noted a lawsuit involving Boeing-owned Wisk Aero, where a former manager alleges retaliation after raising safety concerns, adding another reputational and legal overhang. Boeing-owned Wisk Aero accused of firing manager who raised safety concerns

Insider Activity at Boeing

In related news, Director Bradley D. Tilden purchased 1,370 shares of Boeing 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 completion of the transaction, the director owned 1,370 shares of the company’s stock, valued at approximately $299,345. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Tigress Financial boosted their target price on shares of Boeing from $290.00 to $295.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Wolfe Research reaffirmed an “outperform” rating and set a $275.00 price target on shares of Boeing in a research note on Thursday, April 23rd. Morgan Stanley upped their price objective 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. Citigroup lifted their target price on Boeing from $256.00 to $260.00 and gave the stock a “buy” rating in a research report on Monday, May 18th. Finally, Wells Fargo & Company initiated coverage on Boeing in a research note on Wednesday, April 1st. They issued an “overweight” rating and a $250.00 price target on the stock. Two 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 given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $261.61.

Boeing Company Profile

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.