SG Trading Solutions LLC Invests $753,000 in The Boeing Company $BA

SG Trading Solutions LLC bought a new stake in The Boeing Company (NYSE:BA) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,470 shares of the aircraft producer’s stock, valued at approximately $753,000.

Several other hedge funds also recently modified their holdings of BA. Floyd Financial Group LLC purchased a new position in Boeing during the 4th quarter worth $973,000. Wealth Preservation Advisors LLC grew its stake in shares of Boeing by 66.7% in the 4th quarter. Wealth Preservation Advisors LLC now owns 125 shares of the aircraft producer’s stock worth $27,000 after acquiring an additional 50 shares in the last quarter. Kera Capital Partners Inc. purchased a new stake in shares of Boeing in the fourth quarter valued at about $208,000. Walser Wealth Management Company A Ltd Liability Co purchased a new stake in shares of Boeing in the fourth quarter valued at about $304,000. Finally, MV Capital Management Inc. bought a new position in shares of Boeing during the fourth quarter valued at about $175,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Key Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing won an Air Force repair contract, which supports its defense business, repair operations, and related supply chains. Boeing Wins Air Force Repair Contract
• Positive Sentiment: Analyst coverage remains upbeat, with reports noting Wall Street sentiment is generally optimistic and average recommendations still pointing to a “Moderate Buy.” Is Boeing (BA) a Buy as Wall Street Analysts Look Optimistic?
• Positive Sentiment: Several articles highlighted Boeing’s improving defense momentum, including strong defense revenue growth, a large backlog, and the view that defense contracts could help drive the next phase of growth. Can Defense Contracts Help Fuel Boeing’s Next Phase of Growth?
• Positive Sentiment: Recent commentary also said the 737 MAX recovery is accelerating, which supports the case for a broader operational turnaround, even though risks remain in the wide-body segment. Boeing: The 737 MAX Recovery Is Accelerating, But Wide-Body Risks Remain
• Neutral Sentiment: Investors are also watching Boeing’s move into quantum computing, but the announcement is more of a long-term technology initiative than an immediate earnings driver. Boeing Stock (NYSE:BA) Slips Despite Huge New Quantum Computing Push
• Negative Sentiment: The fatal B-52 crash at Edwards Air Force Base involved Boeing employees among the victims, adding a tragic headline, though it is not a direct financial issue for the company. Iowa native among 8 killed in B-52 bomber crash at Edwards Air Force Base

Insider Buying and Selling at Boeing

In related news, Director Bradley D. Tilden bought 1,370 shares of Boeing stock in a transaction dated Wednesday, May 20th. The stock was purchased at an average cost of $218.50 per share, with a total value of $299,345.00. Following the transaction, the director directly owned 1,370 shares of the company’s stock, valued at approximately $299,345. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.10% of the stock is owned by corporate insiders.

Boeing Price Performance

Shares of NYSE:BA opened at $223.51 on Friday. The company has a market capitalization of $176.19 billion, a P/E ratio of 108.50 and a beta of 1.19. The company’s 50-day moving average is $224.12 and its 200 day moving average is $222.81. 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 Boeing Company has a fifty-two week low of $176.77 and a fifty-two week high of $254.35.

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Tigress Financial boosted their price target on shares of Boeing from $290.00 to $295.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Wells Fargo & Company assumed coverage on shares of Boeing in a research note on Wednesday, April 1st. They issued an “overweight” rating and a $250.00 price objective for the company. Morgan Stanley lifted their target price on shares of Boeing from $245.00 to $250.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 23rd. Citigroup boosted their target price on Boeing from $256.00 to $260.00 and gave the stock a “buy” rating in a research note on Monday, May 18th. Finally, Weiss Ratings lowered Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, April 24th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $262.32.

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.