Econ Financial Services Corp Increases Stock Holdings in The Boeing Company $BA

Econ Financial Services Corp raised its position in shares of The Boeing Company (NYSE:BA) by 40.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,257 shares of the aircraft producer’s stock after purchasing an additional 4,101 shares during the quarter. Boeing accounts for approximately 1.3% of Econ Financial Services Corp’s holdings, making the stock its 29th biggest position. Econ Financial Services Corp’s holdings in Boeing were worth $2,838,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Venturi Wealth Management LLC lifted its stake in shares of Boeing by 74.7% in the 1st quarter. Venturi Wealth Management LLC now owns 5,087 shares of the aircraft producer’s stock worth $1,012,000 after purchasing an additional 2,175 shares during the period. HF Advisory Group LLC boosted its holdings in shares of Boeing by 2.4% in the first quarter. HF Advisory Group LLC now owns 2,971 shares of the aircraft producer’s stock worth $591,000 after buying an additional 69 shares during the last quarter. Wealth Effects LLC grew its position in Boeing by 5.5% during the first quarter. Wealth Effects LLC now owns 11,976 shares of the aircraft producer’s stock valued at $2,384,000 after buying an additional 619 shares during the period. Piedmont Capital Management LLC NC grew its position in Boeing by 28.4% during the first quarter. Piedmont Capital Management LLC NC now owns 1,306 shares of the aircraft producer’s stock valued at $260,000 after buying an additional 289 shares during the period. Finally, Wesbanco Bank Inc. increased its holdings in Boeing by 4.4% during the first quarter. Wesbanco Bank Inc. now owns 21,742 shares of the aircraft producer’s stock valued at $4,327,000 after buying an additional 907 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Trading Down 0.4%

Boeing stock opened at $217.31 on Friday. The Boeing Company has a 12-month low of $176.77 and a 12-month high of $254.35. The firm has a market capitalization of $171.30 billion, a price-to-earnings ratio of 105.49 and a beta of 1.19. The firm has a 50 day moving average of $223.94 and a 200 day moving average of $223.48. The company has a current ratio of 1.18, a quick ratio of 0.35 and a debt-to-equity ratio of 7.42.

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

Trending Headlines about Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing won a new Space Force/MUOS defense contract worth up to $2 billion, adding to its government and space backlog and providing a longer-term revenue stream. Article Title
• Positive Sentiment: The EU extended its suspension of retaliatory tariffs in the Boeing-Airbus dispute, reducing the risk of fresh trade pressure on Boeing’s commercial airplane business. Article Title
• Positive Sentiment: Boeing also announced a new cybersecurity-focused SkyGuard service partnership with CYVIATION, a small but constructive sign of product expansion in aviation services. Article Title
• Neutral Sentiment: Comments from Boeing leadership about ongoing ETOPS testing and the 777X suggest there is still “a lot of work to do,” reinforcing that certification and execution risks remain. Article Title
• Negative Sentiment: A Boeing 777 freighter’s extremely low flyover in Texas drew criticism from pilots, creating another headline that could remind investors of operational and safety scrutiny around the brand. Article Title

Analyst Upgrades and Downgrades

Several research analysts have weighed in on BA shares. Tigress Financial increased their price target 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. 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 price objective for the company. Wolfe Research restated an “outperform” rating and issued a $275.00 price objective on shares of Boeing in a research note on Thursday, April 23rd. Weiss Ratings cut Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, April 24th. Finally, Citigroup lifted their target price on Boeing from $256.00 to $260.00 and gave the company a “buy” rating in a research report on Monday, May 18th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $261.61.

Insider Activity at Boeing

In other news, Director Bradley D. Tilden acquired 1,370 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The shares were purchased at an average cost of $218.50 per share, for a total transaction of $299,345.00. Following the transaction, the director directly owned 1,370 shares of the company’s stock, valued at approximately $299,345. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.10% of the stock is owned by insiders.

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.