Syntax Research Inc. Raises Position in The Boeing Company $BA

Syntax Research Inc. grew its position in The Boeing Company (NYSE:BA) by 144.9% during the 1st quarter, HoldingsChannel.com reports. The fund owned 11,155 shares of the aircraft producer’s stock after buying an additional 6,600 shares during the quarter. Boeing makes up about 1.4% of Syntax Research Inc.’s portfolio, making the stock its 26th largest holding. Syntax Research Inc.’s holdings in Boeing were worth $2,220,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Measured Wealth Private Client Group LLC acquired a new position in Boeing in the 3rd quarter valued at $25,000. Strive Financial Group LLC acquired a new stake in Boeing during the 4th quarter worth $25,000. Ares Financial Consulting LLC acquired a new stake in Boeing during the 4th quarter worth $26,000. CrossGen Wealth LLC purchased a new stake in shares of Boeing during the fourth quarter worth $26,000. Finally, Strategic Wealth Advisors LLC purchased a new stake in shares of Boeing during the fourth quarter worth $27,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BA has been the topic of several research reports. Wolfe Research reissued an “outperform” rating and issued 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 note on Thursday, April 23rd. Tigress Financial increased their price objective on shares of Boeing from $290.00 to $295.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Citigroup raised their target price on shares of Boeing from $256.00 to $260.00 and gave the stock a “buy” rating in a research note on Monday, May 18th. Finally, Wells Fargo & Company initiated coverage on Boeing in a report on Wednesday, April 1st. They set an “overweight” rating and a $250.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $261.61.

Boeing Trading Up 1.1%

Shares of BA opened at $218.81 on Thursday. 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 Boeing Company has a 12-month low of $176.77 and a 12-month high of $254.35. The firm has a 50-day moving average price of $223.57 and a 200 day moving average price of $223.95. The firm has a market capitalization of $172.49 billion, a P/E ratio of 106.22 and a beta of 1.19.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) EPS for the quarter, topping analysts’ consensus estimates 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% on a year-over-year basis. During the same period last year, the firm earned ($0.49) earnings per share. Sell-side analysts forecast that The Boeing Company will post -0.15 EPS for the current year.

Insider Activity

In other news, Director Bradley D. Tilden purchased 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, for a total transaction of $299,345.00. Following the acquisition, the director directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.10% of the stock is owned by corporate insiders.

Key Stories Impacting Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing’s return to China’s commercial market with a seven-aircraft freighter order from China Southern could support future backlog growth and signals renewed access to a key aviation market. Boeing (BA) Returns To China With Seven Plane Cargo Order From China Southern
• Positive Sentiment: China Development Bank Financial Leasing plans to add two Boeing 787-9s in a leaseback deal, reinforcing demand for Boeing widebody aircraft and helping sentiment around leasing activity. China Development Bank Financial Leasing to Add Two Boeing 787-9s in Leaseback Deal
• Positive Sentiment: Second-quarter results are set for July 28, giving investors a near-term event to assess cash flow, deliveries, and margin trends after a volatile period for the company. Boeing to Release Second Quarter Results on July 28
• Positive Sentiment: Coverage noting that Boeing and Airbus have secured roughly $80 billion in orders and are nearing pre-crisis delivery levels suggests strengthening industry demand, which could support sentiment toward BA. Boeing And Airbus: $80 Billion In Orders, Deliveries Near Pre-Crisis Levels
• Neutral Sentiment: Commentary about Boeing founder William Boeing in a broader article has little direct impact on near-term fundamentals. Fortune 500 founders’ children of immigrants
• Negative Sentiment: An unplanned IT outage disrupted computer systems and factory work from Washington to Florida, highlighting execution and production-risk issues that can pressure Boeing shares. Boeing Says ‘Unplanned IT Outage’ Hit Computer Systems as Factory Work From Washington to Florida was Disrupted
• Negative Sentiment: Reporting that parachute anomalies remain a risk for Starliner underscores ongoing program concerns, which may weigh on sentiment despite the stock’s recent strength. Parachute Anomalies Remain a Risk… Boeing Stock (NYSE:BA) Notches Up Despite Starliner Delay
• Negative Sentiment: Coverage of the still-missing Boeing 727 is mostly historical and reputational, but it adds little positive support for the stock. 23 Years Later, a Boeing 727 That Took off in Angola Is Still Missing
• Negative Sentiment: Contract talks beginning July 1 could create labor-related uncertainty, especially given Boeing’s recent history of difficult negotiations. Contract Talks Start July 1, Boeing Stock (NYSE:BA) Notches Up

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.