The Boeing Company $BA Shares Acquired by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC grew its position in The Boeing Company (NYSE:BA) by 9.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,369 shares of the aircraft producer’s stock after acquiring an additional 2,696 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Boeing were worth $6,076,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of BA. Vanguard Group Inc. boosted its holdings in shares of Boeing by 5.1% in the fourth quarter. Vanguard Group Inc. now owns 70,989,438 shares of the aircraft producer’s stock valued at $15,413,227,000 after acquiring an additional 3,460,021 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Boeing by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 17,025,435 shares of the aircraft producer’s stock valued at $3,679,592,000 after acquiring an additional 533,753 shares during the period. PFA Pension Forsikringsaktieselskab acquired a new stake in shares of Boeing in the fourth quarter valued at approximately $89,368,000. Allen Investment Management LLC boosted its holdings in shares of Boeing by 59.7% in the fourth quarter. Allen Investment Management LLC now owns 968,500 shares of the aircraft producer’s stock valued at $210,281,000 after acquiring an additional 362,047 shares during the period. Finally, Newport Trust Company LLC boosted its holdings in shares of Boeing by 1.0% in the fourth quarter. Newport Trust Company LLC now owns 29,485,294 shares of the aircraft producer’s stock valued at $6,401,847,000 after acquiring an additional 286,848 shares during the period. 64.82% of the stock is owned by institutional investors and hedge funds.

Key Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing is starting a new 737 MAX production line on July 6, with CEO Kelly Ortberg saying higher output is still being studied, signaling continued progress in ramping up one of its most important programs.
• Positive Sentiment: The FAA approved Boeing to move forward with the next phase of 777X certification testing, a key step that could reduce uncertainty around the long-delayed widebody jet program. Market Chatter: Boeing Says FAA Clears Key 777X Certification Testing Phase
• Positive Sentiment: Riyadh Air took delivery of its first Boeing 787-9 Dreamliners, reinforcing demand for Boeing widebody aircraft and highlighting continued commercial deliveries. Riyadh Air takes delivery of first Boeing 787-9 Dreamliners
• Positive Sentiment: Reports that Boeing has cleared a key 777X certification hurdle and that a fuller production ramp is under study are being viewed as signs of operational improvement, which can support sentiment on the stock. Boeing clears key 777X certification hurdle as FAA approves next flight tests
• Neutral Sentiment: Industry coverage around a soon-to-be-released Air India crash investigation report is keeping attention on Boeing’s safety and legal overhang, but the market is still waiting for the findings before assessing any direct impact. The Boeing Air India Crash Was Almost a Year Ago. The Full Investigation Report Is Coming Soon.
• Neutral Sentiment: Broader airline news, including higher fuel costs and delivery timing comments from carriers like Etihad, provides mixed context for Boeing’s customers, but does not directly change Boeing’s fundamentals today.
• Negative Sentiment: The upcoming Air India report could renew scrutiny of Boeing’s safety record if it raises concerns, which is why some investors may remain cautious despite the recent operational progress.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Morgan Stanley increased their price objective on Boeing from $245.00 to $250.00 and gave the company an “equal weight” rating in a report on Thursday, April 23rd. Wells Fargo & Company assumed coverage on Boeing in a report on Wednesday, April 1st. They issued an “overweight” rating and a $250.00 price objective for the company. Tigress Financial increased their price target on Boeing from $290.00 to $295.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Wolfe Research reaffirmed an “outperform” rating and set a $275.00 price target on shares of Boeing in a report on Thursday, April 23rd. Finally, Citigroup increased their price target on 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 given a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $259.80.

Boeing Trading Up 0.2%

NYSE:BA opened at $215.83 on Tuesday. The stock has a fifty day moving average price of $221.22 and a two-hundred day moving average price of $220.69. The stock has a market capitalization of $170.14 billion, a price-to-earnings ratio of 104.77 and a beta of 1.20. The company has a debt-to-equity ratio of 7.42, a quick ratio of 0.35 and a current ratio of 1.18. The Boeing Company has a 1 year low of $176.77 and a 1 year high of $254.35.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.68) by $0.48. The business had revenue of $22.22 billion during the quarter, compared to analysts’ expectations of $22.15 billion. The company’s revenue was up 14.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.49) EPS. As a group, sell-side analysts anticipate that The Boeing Company will post -0.15 earnings per share for the current fiscal year.

Insider Transactions at Boeing

In other Boeing news, Director Bradley D. Tilden acquired 1,370 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was purchased at an average price of $218.50 per share, for a total transaction of $299,345.00. Following the completion of the transaction, the director owned 1,370 shares of the company’s stock, valued at $299,345. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.10% of the company’s stock.

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.