F&V Capital Management LLC Makes New $7.70 Million Investment in The Boeing Company $BA

F&V Capital Management LLC purchased a new position in The Boeing Company (NYSE:BA) in the first quarter, HoldingsChannel.com reports. The fund purchased 38,685 shares of the aircraft producer’s stock, valued at approximately $7,699,000. Boeing comprises about 1.6% of F&V Capital Management LLC’s investment portfolio, making the stock its 28th biggest position.

Other institutional investors and hedge funds have also made changes to their positions in the company. Measured Wealth Private Client Group LLC acquired a new stake in shares of Boeing during the third quarter valued at $25,000. Strive Financial Group LLC acquired a new position in Boeing in the 4th quarter valued at $25,000. CrossGen Wealth LLC purchased a new position in shares of Boeing during the 4th quarter worth $26,000. Ares Financial Consulting LLC purchased a new position in shares of Boeing during the 4th quarter worth $26,000. Finally, 1 North Wealth Services LLC acquired a new stake in shares of Boeing during the fourth quarter worth $27,000. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on BA shares. Wolfe Research reiterated an “outperform” rating and set a $275.00 target price on shares of Boeing in a research report on Thursday, April 23rd. Citigroup upped their price objective on shares of Boeing from $256.00 to $260.00 and gave the company a “buy” rating in a research note on Monday, May 18th. Wells Fargo & Company began coverage on shares of Boeing in a research report on Wednesday, April 1st. They issued an “overweight” rating and a $250.00 target price on the stock. Morgan Stanley lifted their price target on shares of Boeing from $245.00 to $250.00 and gave the company an “equal weight” rating in a report on Thursday, April 23rd. Finally, Weiss Ratings cut Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, April 24th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $261.61.

Boeing Price Performance

Shares of NYSE BA opened at $226.18 on Friday. 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 twelve month low of $176.77 and a twelve month high of $254.35. The business has a 50 day simple moving average of $223.70 and a 200-day simple moving average of $224.10. The company has a market capitalization of $178.30 billion, a price-to-earnings ratio of 109.80 and a beta of 1.21.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.49) earnings per share. As a group, equities research analysts expect that The Boeing Company will post -0.15 earnings per share for the current year.

Insider Transactions at Boeing

In other news, Director Bradley D. Tilden purchased 1,370 shares of Boeing stock in a transaction dated Wednesday, May 20th. The stock was bought 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 in the company, valued at $299,345. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.10% of the company’s stock.

More Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing’s return to China is driving optimism after China Southern reportedly placed a $3.62 billion order, including seven freighter aircraft, reinforcing demand in one of the world’s largest aviation markets and boosting the company’s backlog. Boeing (BA) Returns To China With Seven Plane Cargo Order From China Southern
• Positive Sentiment: Recent commentary also highlights improving delivery momentum, a sizable defense award, and a softer interest-rate backdrop, all of which are helping sentiment around Boeing’s cash-flow recovery and operational turnaround. Boeing stock gains as delivery recovery, defense backlog and a softer-rate backdrop lift sentiment
• Positive Sentiment: Analysts and market chatter remain constructive ahead of Boeing’s July 28 second-quarter earnings report, with investors watching for further progress in 737 MAX execution, commercial deliveries, and defense backlog growth. Boeing Stock (BA) Opinions on China Order and Earnings Outlook
• Neutral Sentiment: JetZero’s progress on a new aircraft design underscores long-term competitive pressure on Boeing, but it is more of an industry watch item than an immediate driver of today’s trading. In Mojave Desert, startup JetZero builds novel plane to take on Airbus and Boeing
• Negative Sentiment: A lawsuit involving Boeing-owned Wisk Aero over alleged retaliation tied to safety concerns adds another governance and safety headline, which could weigh on sentiment even if the financial impact is indirect. Boeing-owned Wisk Aero accused of firing manager who raised safety concerns
• Negative Sentiment: Reports of an unplanned IT outage that disrupted factory operations from Washington to Florida highlight ongoing operational fragility and could temper enthusiasm around the recovery story. Boeing says ‘unplanned IT outage’ hit computer systems as factory work from Washington to Florida was disrupted

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.