The Boeing Company $BA Stake Boosted by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC grew its stake in shares of The Boeing Company (NYSE:BA) by 3.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 83,277 shares of the aircraft producer’s stock after acquiring an additional 3,024 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Boeing were worth $18,081,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Measured Wealth Private Client Group LLC acquired a new stake in shares of Boeing in the 3rd quarter valued at $25,000. Ares Financial Consulting LLC acquired a new stake in shares of Boeing in the 4th quarter valued at $26,000. Strategic Wealth Advisors LLC acquired a new stake in shares of Boeing in the 4th quarter valued at $27,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Boeing in the 4th quarter valued at $28,000. Finally, American National Bank & Trust lifted its stake in shares of Boeing by 124.2% in the 4th quarter. American National Bank & Trust now owns 139 shares of the aircraft producer’s stock valued at $30,000 after purchasing an additional 77 shares during the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on BA. Jefferies Financial Group reaffirmed a “buy” rating on shares of Boeing in a research note on Wednesday, March 4th. Tigress Financial lifted their price objective on shares of Boeing from $290.00 to $295.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Morgan Stanley lifted their price objective on shares of Boeing from $245.00 to $250.00 and gave the company an “equal weight” rating in a research note on Thursday, April 23rd. Wolfe Research reaffirmed an “outperform” rating and issued a $275.00 price objective on shares of Boeing in a research note on Thursday, April 23rd. Finally, Wells Fargo & Company started coverage on shares of Boeing in a research report on Wednesday, April 1st. They set an “overweight” rating and a $250.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Boeing currently has an average rating of “Moderate Buy” and a consensus price target of $259.80.

Boeing News Roundup

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing reported 60 aircraft deliveries in May, a 33% increase from a year ago, with 737 MAX handovers recovering and suggesting better production and cash-flow momentum. Reuters: Boeing jet deliveries jump to 60 in May, 33% higher than last year
• Positive Sentiment: Brazil’s ANAC said it expects the 737 MAX 10 to be certified by the FAA this year and plans to quickly validate the decision locally, which could help Boeing move a long-delayed aircraft closer to service. Reuters: Brazil regulator expects MAX 10 certification this year
• Positive Sentiment: Analysts at Jefferies and Wells Fargo reiterated bullish views on Boeing, reinforcing the idea that Wall Street sees upside if deliveries and certifications continue to improve. InsiderMonkey: Jefferies, Wells Fargo Maintain Bullish Outlook on The Boeing Company (BA)
• Neutral Sentiment: Boeing also cleared a key 777X certification hurdle, which is encouraging for the widebody program, but the jet is still years behind schedule and not yet a near-term earnings driver. Yahoo Finance: Boeing Clears Key 777X Certification Hurdle
• Negative Sentiment: Boeing was asked to fix a KC-46 aerial refueling tanker vision-system issue before any additional U.S. Air Force order, highlighting ongoing product-quality and defense-program risk. Yahoo Finance: Market Chatter: Boeing Asked to Fix Aerial Refueling Tanker Vision-System Issue Before Additional US Air Force Order
• Negative Sentiment: The upcoming final report on the Air India 787 crash is keeping safety-related headlines in focus and could create additional volatility for Boeing shares. Yahoo Finance: The Boeing Air India Crash Was Almost a Year Ago. The Full Investigation Report Is Coming Soon.

Insider Activity at Boeing

In related news, Director Bradley D. Tilden acquired 1,370 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was 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 represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Boeing Stock Down 0.6%

Boeing stock opened at $214.61 on Wednesday. The firm has a market cap of $169.18 billion, a price-to-earnings ratio of 104.18 and a beta of 1.19. 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 Boeing Company has a fifty-two week low of $176.77 and a fifty-two week high of $254.35. The firm has a fifty day moving average price of $221.70 and a two-hundred day moving average price of $220.90.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, April 22nd. The aircraft producer reported ($0.20) EPS for the quarter, beating analysts’ consensus estimates 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. The firm’s quarterly revenue was up 14.0% on a year-over-year basis. During the same period in the prior year, the company posted ($0.49) EPS. As a group, analysts forecast that The Boeing Company will post -0.15 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.