The Boeing Company $BA Position Reduced by KLCM Advisors Inc.

KLCM Advisors Inc. trimmed its holdings in shares of The Boeing Company (NYSE:BA) by 2.6% during the first quarter, HoldingsChannel reports. The institutional investor owned 153,508 shares of the aircraft producer’s stock after selling 4,085 shares during the quarter. Boeing accounts for about 2.6% of KLCM Advisors Inc.’s investment portfolio, making the stock its 4th largest holding. KLCM Advisors Inc.’s holdings in Boeing were worth $30,553,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of BA. Purus Wealth Management LLC raised its stake in shares of Boeing by 3.6% in the 4th quarter. Purus Wealth Management LLC now owns 1,177 shares of the aircraft producer’s stock valued at $256,000 after acquiring an additional 41 shares during the period. West Wealth Group LLC boosted its position in Boeing by 0.6% during the 4th quarter. West Wealth Group LLC now owns 7,279 shares of the aircraft producer’s stock worth $1,581,000 after purchasing an additional 42 shares during the period. First Heartland Consultants Inc. boosted its position in Boeing by 1.1% during the 4th quarter. First Heartland Consultants Inc. now owns 4,062 shares of the aircraft producer’s stock worth $882,000 after purchasing an additional 43 shares during the period. XML Financial LLC boosted its position in Boeing by 0.5% during the 4th quarter. XML Financial LLC now owns 8,905 shares of the aircraft producer’s stock worth $1,933,000 after purchasing an additional 43 shares during the period. Finally, Global Financial Private Client LLC increased its holdings in Boeing by 1.1% in the 4th quarter. Global Financial Private Client LLC now owns 4,025 shares of the aircraft producer’s stock valued at $874,000 after purchasing an additional 44 shares in the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Boeing News Roundup

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing is set to open its fourth 737 MAX assembly line in Everett, Washington, signaling progress on a production ramp as demand for the jet stays strong. Market Chatter: Boeing Opens Fourth 737 MAX Assembly Line to Support Production Ramp
• Positive Sentiment: The FAA is expected to certify the 737 MAX 7 later this month, a key step that could unlock 258 delayed Southwest orders and help Boeing clear another major approval hurdle. Boeing’s MAX 7 Delay May Finally End
• Positive Sentiment: Reports also say the FAA may soon restore Boeing’s final 737 safety signoff authority, which would reduce a major bottleneck in deliveries. Boeing Nears 737 MAX 7 Approval as FAA Eyes Key Authority Restoration
• Positive Sentiment: Philippine Airlines is reportedly preparing to order 15 Boeing 787-10 aircraft, which would add to Boeing’s backlog and support long-term widebody demand. Philippine Air to order 15 Boeing 787-10 and nine Airbus A350-1000
• Neutral Sentiment: Boeing and Bahir Dar University announced a partnership to establish an aviation innovation center, a strategic initiative that is unlikely to move shares in the near term. Bahir Dar University and Boeing partner to establish Aviation Innovation Center
• Negative Sentiment: Two recent incidents involving Boeing 737 MAX aircraft have revived headline risk, with reports of a broken or detached window on a Ryanair flight that injured a passenger and forced an emergency landing. Boeing 737 Makes Emergency Landing After Broken Window Injures Passenger
• Negative Sentiment: A separate investigation linked a misplaced locking pin to a Boeing 787 nose gear collapse in Frankfurt, reinforcing concerns about quality control and oversight. German investigators link misplaced pin to Boeing 787 incident

Insider Activity at Boeing

In other Boeing news, Director Bradley D. Tilden purchased 1,370 shares of Boeing stock in a transaction that occurred on Wednesday, May 20th. The stock was purchased at an average price of $218.50 per share, with a total value of $299,345.00. Following the completion of the acquisition, the director owned 1,370 shares of the company’s stock, valued at approximately $299,345. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the company. Wolfe Research reissued an “outperform” rating and issued a $275.00 price objective on shares of Boeing in a research report on Thursday, April 23rd. Morgan Stanley upped their target price on Boeing from $245.00 to $250.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 23rd. Wells Fargo & Company initiated coverage on Boeing in a research note on Wednesday, April 1st. They issued an “overweight” rating and a $250.00 target price for the company. Weiss Ratings downgraded Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, April 24th. Finally, Citigroup boosted their price target on Boeing from $256.00 to $260.00 and gave the stock 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 issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $261.61.

Boeing Stock Down 0.3%

BA stock traded down $0.77 during trading on Friday, reaching $222.34. The stock had a trading volume of 3,825,758 shares, compared to its average volume of 5,207,274. The Boeing Company has a 1-year low of $176.77 and a 1-year high of $254.35. 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 company has a market capitalization of $175.27 billion, a P/E ratio of 107.93 and a beta of 1.21. The firm has a fifty day moving average price of $223.28 and a 200 day moving average price of $224.79.

Boeing (NYSE:BA) last announced its 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 business had revenue of $22.22 billion for the quarter, compared to analyst estimates of $22.15 billion. During the same quarter in the prior year, the business earned ($0.49) earnings per share. The firm’s revenue was up 14.0% on a year-over-year basis. On average, equities analysts anticipate that The Boeing Company will post -0.1 earnings per share for the current year.

Boeing 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.