Shepherd Street Advisors LLC Takes Position in The Boeing Company $BA

Shepherd Street Advisors LLC acquired a new stake in The Boeing Company (NYSE:BA) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 3,640 shares of the aircraft producer’s stock, valued at approximately $790,000.

Other hedge funds also recently made changes to their positions in the company. Fisher Asset Management LLC increased its position in shares of Boeing by 3.3% during the 3rd quarter. Fisher Asset Management LLC now owns 5,505,040 shares of the aircraft producer’s stock worth $1,188,153,000 after purchasing an additional 177,597 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Boeing by 41.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 223,824 shares of the aircraft producer’s stock worth $48,316,000 after purchasing an additional 65,216 shares in the last quarter. Princeton Capital Management LLC increased its position in shares of Boeing by 78.3% during the 4th quarter. Princeton Capital Management LLC now owns 12,249 shares of the aircraft producer’s stock worth $2,660,000 after purchasing an additional 5,381 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Boeing during the 4th quarter worth about $55,787,000. Finally, Granite Investment Partners LLC increased its position in shares of Boeing by 1,984.0% during the 3rd quarter. Granite Investment Partners LLC now owns 31,448 shares of the aircraft producer’s stock worth $6,787,000 after purchasing an additional 29,939 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Jefferies Financial Group reiterated a “buy” rating on shares of Boeing in a research report on Wednesday, March 4th. Weiss Ratings cut shares of Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, April 24th. Wells Fargo & Company assumed coverage on shares of Boeing in a research report on Wednesday, April 1st. They set an “overweight” rating and a $250.00 target price for the company. Citigroup increased their target price on shares of Boeing from $256.00 to $260.00 and gave the stock a “buy” rating in a research report on Monday, May 18th. Finally, Morgan Stanley increased 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. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Boeing has a consensus rating of “Moderate Buy” and an average target price of $259.80.

Boeing Stock Down 2.9%

Shares of NYSE:BA opened at $217.71 on Wednesday. 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 $219.35 and its two-hundred day moving average price is $219.91. 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 $171.62 billion, a P/E ratio of 105.68 and a beta of 1.19.

Boeing (NYSE:BA) last issued its quarterly earnings data 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 company had revenue of $22.22 billion for the quarter, compared to the consensus estimate of $22.15 billion. During the same period in the prior year, the company earned ($0.49) EPS. The firm’s revenue was up 14.0% compared to the same quarter last year. 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. Company insiders own 0.10% of the company’s stock.

Key Stories Impacting Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing continues to show progress in its turnaround, with coverage highlighting strong aircraft orders, a growing defense backlog, and demand in services that support the company’s longer-term outlook. Article Title
• Positive Sentiment: Analyst-focused commentary remains upbeat, with Wall Street still broadly rating Boeing favorably and price targets implying meaningful upside from current levels. Article Title
• Positive Sentiment: Boeing’s defense business also got a boost from validation of the MQ-28 Ghost Bat, reinforcing the company’s military technology credibility. Article Title
• Positive Sentiment: Recent commentary says Boeing’s comeback is real, and ongoing efforts by management to rebuild execution and stabilize production could keep investor confidence improving. Article Title
• Neutral Sentiment: Some valuation pieces argue Boeing looks mixed: the stock is not cheap, but investors are balancing turnaround progress against lingering operational risks and uneven share performance. Article Title
• Negative Sentiment: Concerns that 777X delays may jeopardize future airline orders are the clearest negative catalyst in the latest coverage and likely the main reason BA is trading lower. Article Title

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.