Leeward Financial Partners LLC Has $457,000 Holdings in The Boeing Company $BA

Leeward Financial Partners LLC decreased its holdings in The Boeing Company (NYSE:BA) by 72.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,104 shares of the aircraft producer’s stock after selling 5,433 shares during the period. Leeward Financial Partners LLC’s holdings in Boeing were worth $457,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of Boeing by 5.1% in the 4th quarter. Vanguard Group Inc. now owns 70,989,438 shares of the aircraft producer’s stock valued at $15,413,227,000 after buying an additional 3,460,021 shares in the last quarter. Newport Trust Company LLC raised its stake in shares of Boeing by 1.0% in the 4th quarter. Newport Trust Company LLC now owns 29,485,294 shares of the aircraft producer’s stock valued at $6,401,847,000 after buying an additional 286,848 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Boeing by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 17,025,435 shares of the aircraft producer’s stock valued at $3,679,592,000 after buying an additional 533,753 shares in the last quarter. Fisher Asset Management LLC raised its stake in shares of Boeing by 2.5% in the 4th quarter. Fisher Asset Management LLC now owns 5,640,900 shares of the aircraft producer’s stock valued at $1,224,752,000 after buying an additional 135,860 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in shares of Boeing by 7.1% in the 3rd quarter. Legal & General Group Plc now owns 3,369,615 shares of the aircraft producer’s stock valued at $727,264,000 after buying an additional 223,995 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on BA shares. Morgan Stanley upped their target price on shares of Boeing from $245.00 to $250.00 and gave the stock an “equal weight” rating in a report on Thursday, April 23rd. Wells Fargo & Company started coverage on shares of Boeing in a report on Wednesday, April 1st. They issued an “overweight” rating and a $250.00 target price on the stock. TD Cowen reaffirmed a “buy” rating on shares of Boeing in a report on Wednesday, January 28th. Tigress Financial upped their target price on shares of Boeing from $290.00 to $295.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Finally, Citigroup upped their target price on shares of Boeing from $256.00 to $260.00 and gave the stock a “buy” rating in a report on Monday, May 18th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $259.80.

Boeing Stock Up 2.5%

Shares of NYSE:BA opened at $224.36 on Thursday. The Boeing Company has a 12 month low of $176.77 and a 12 month high of $254.35. The company’s 50-day moving average price is $218.03 and its two-hundred day moving average price is $219.21. The company has a quick ratio of 0.35, a current ratio of 1.18 and a debt-to-equity ratio of 7.42. The firm has a market cap of $176.86 billion, a P/E ratio of 108.91 and a beta of 1.21.

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

Insider Activity

In other Boeing news, Director Bradley D. Tilden bought 1,370 shares of Boeing stock in a transaction dated Wednesday, May 20th. The shares were bought at an average price of $218.50 per share, with a total value of $299,345.00. Following the purchase, the director owned 1,370 shares of the company’s stock, valued at $299,345. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Mortimer J. Buckley bought 2,230 shares of Boeing stock in a transaction dated Tuesday, March 3rd. The stock was acquired at an average cost of $224.20 per share, for a total transaction of $499,966.00. Following the purchase, the director directly owned 4,430 shares in the company, valued at approximately $993,206. The trade was a 101.36% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.10% of the stock is currently owned by company insiders.

Key Stories Impacting Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing CEO Kelly Ortberg said the company completed an FAA capstone review, allowing 737 MAX production to increase from 42 jets a month to 47. Investors view this as a key step toward normalizing output and improving cash flow. Article Title
• Positive Sentiment: The FAA also said it expects Boeing’s 737 MAX 7 to be certified this summer and the MAX 10 before year-end, which could further support future production and deliveries. Article Title
• Positive Sentiment: Ortberg also said Boeing aims to eventually balance 737 inventory at 52 aircraft per month, signaling confidence that the narrowbody business can keep ramping beyond the newly approved rate. Article Title
• Positive Sentiment: Reports that China recently committed to purchase 200 Boeing aircraft add another demand tailwind, helping improve the outlook for commercial orders. Article Title
• Neutral Sentiment: Boeing’s presentation at the Bernstein Strategic Decisions Conference kept the stock in focus, but the main market-moving information was the production and certification progress rather than the transcript itself. Article Title
• Negative Sentiment: Recent headlines about Boeing losing some NASA and Italy-related business and competition-related losses to SpaceX are a reminder that the company still faces competitive and contract risk, even as near-term sentiment improves. Article Title

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.