Blackhawk Capital Partners LLC Makes New Investment in The Boeing Company $BA

Blackhawk Capital Partners LLC purchased a new stake in The Boeing Company (NYSE:BA) in the first quarter, Holdings Channel reports. The institutional investor purchased 11,768 shares of the aircraft producer’s stock, valued at approximately $2,342,000. Boeing comprises about 0.9% of Blackhawk Capital Partners LLC’s portfolio, making the stock its 29th biggest position.

Several other hedge funds also recently modified their holdings of BA. Measured Wealth Private Client Group LLC acquired a new stake in shares of Boeing during the third quarter valued at about $25,000. Strive Financial Group LLC acquired a new position in shares of Boeing in the fourth quarter valued at approximately $25,000. Ares Financial Consulting LLC bought a new position in Boeing in the 4th quarter valued at approximately $26,000. CrossGen Wealth LLC bought a new position in Boeing in the 4th quarter valued at approximately $26,000. Finally, Strategic Wealth Advisors LLC acquired a new stake in Boeing during the 4th quarter worth approximately $27,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on BA shares. Citigroup upped their price target on shares of Boeing from $256.00 to $260.00 and gave the company a “buy” rating in a research report on Monday, May 18th. Tigress Financial boosted their price objective on shares of Boeing from $290.00 to $295.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Weiss Ratings downgraded Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, April 24th. Morgan Stanley raised 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. Finally, Wolfe Research reaffirmed an “outperform” rating and set a $275.00 target price on shares of Boeing in a report on Thursday, April 23rd. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Boeing currently has a consensus rating of “Moderate Buy” and a consensus target price of $261.53.

Key Stories Impacting Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing reported its highest first-half aircraft deliveries since 2018, including 171 commercial and defense deliveries in Q2 and 314 jet deliveries through June, a sign that production and supply-chain execution are improving. Reuters article on Boeing records highest first-half deliveries since 2018
• Positive Sentiment: New aircraft demand also looks healthy, with Boeing benefiting from the global airline fleet renewal cycle and a large backlog that supports longer-term revenue visibility. Yahoo Finance article on Boeing benefit from global airline fleet renewal cycle
• Positive Sentiment: Media reports that Riyadh Air may place a larger Boeing order, and a WestJet lease for 13 Boeing 737-10 jets, suggest continued interest from airlines in Boeing’s narrow-body lineup. Yahoo Finance article on Boeing Eyes Bigger Riyadh Air Order
• Positive Sentiment: Boeing is also highlighting its defense and autonomous systems portfolio, including the MQ-28 Ghost Bat at Farnborough, which may help investor confidence in its non-commercial growth drivers. Yahoo Finance article on Boeing unveils MQ-28 Ghost Bat
• Neutral Sentiment: Morgan Stanley remained constructive on aerospace and defense ahead of Q2 earnings, citing resilient demand and improving aircraft production, though it noted stock volatility and valuation differences in the sector. Yahoo Finance article on Morgan Stanley stays bullish on aerospace
• Negative Sentiment: Reuters also reported that Boeing and Airbus had to charter a large cargo plane to move parts faster, underscoring lingering supply-chain bottlenecks that could still weigh on production schedules. Reuters article on Airbus and Boeing easing supply snags

Boeing Stock Up 0.6%

Shares of Boeing stock opened at $218.41 on Thursday. The stock’s 50-day moving average is $222.63 and its 200 day moving average is $224.83. The Boeing Company has a one year low of $176.77 and a one year high of $254.35. The firm has a market cap of $172.18 billion, a price-to-earnings ratio of 106.03 and a beta of 1.21. The company has a debt-to-equity ratio of 7.42, a current ratio of 1.18 and a quick ratio of 0.35.

Boeing (NYSE:BA) last released its earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.68) by $0.48. The company had revenue of $22.22 billion for the quarter, compared to analyst estimates of $22.15 billion. The firm’s revenue was up 14.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.49) EPS. Equities research analysts anticipate that The Boeing Company will post -0.1 EPS for the current year.

Insider Buying and Selling at Boeing

In other news, Director Bradley D. Tilden purchased 1,370 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were acquired at an average price of $218.50 per share, for a total transaction of $299,345.00. Following the completion of the acquisition, the director owned 1,370 shares in the company, valued at approximately $299,345. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.10% of the company’s stock.

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.