The Boeing Company $BA Shares Acquired by National Pension Service

by · The Cerbat Gem

National Pension Service lifted its stake in shares of The Boeing Company (NYSE:BAFree Report) by 2.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,572,206 shares of the aircraft producer’s stock after purchasing an additional 43,983 shares during the quarter. National Pension Service’s holdings in Boeing were worth $341,357,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in BA. Fisher Asset Management LLC grew its position in shares of Boeing by 3.3% in the third quarter. Fisher Asset Management LLC now owns 5,505,040 shares of the aircraft producer’s stock valued at $1,188,153,000 after purchasing an additional 177,597 shares during the period. Russell Investments Group Ltd. grew its position in shares of Boeing by 41.1% in the third quarter. Russell Investments Group Ltd. now owns 223,824 shares of the aircraft producer’s stock valued at $48,316,000 after purchasing an additional 65,216 shares during the period. Princeton Capital Management LLC grew its position in shares of Boeing by 78.3% in the fourth quarter. Princeton Capital Management LLC now owns 12,249 shares of the aircraft producer’s stock valued at $2,660,000 after purchasing an additional 5,381 shares during the period. Granite Investment Partners LLC grew its position in shares of Boeing by 1,984.0% in the third quarter. Granite Investment Partners LLC now owns 31,448 shares of the aircraft producer’s stock valued at $6,787,000 after purchasing an additional 29,939 shares during the period. Finally, Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Boeing in the fourth quarter valued at about $55,787,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Stock Performance

BA opened at $228.97 on Friday. The firm has a market capitalization of $180.50 billion, a PE ratio of 111.15 and a beta of 1.21. The Boeing Company has a twelve month low of $176.77 and a twelve month high of $254.35. The firm’s 50-day moving average price is $218.39 and its 200 day moving average price is $219.45. The company has a current ratio of 1.18, a quick ratio of 0.35 and a debt-to-equity ratio of 7.42.

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

Wall Street Analyst Weigh In

Several analysts have recently issued reports on BA shares. Argus upgraded shares of Boeing to a “hold” rating in a research report on Monday, February 2nd. Morgan Stanley lifted their target price on shares of Boeing from $245.00 to $250.00 and gave the company an “equal weight” rating in a research report on Thursday, April 23rd. Jefferies Financial Group reiterated a “buy” rating on shares of Boeing in a research report on Wednesday, March 4th. Tigress Financial lifted their target price on shares of Boeing from $290.00 to $295.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Finally, Wolfe Research reiterated an “outperform” rating and issued a $275.00 target price on shares of Boeing in a research report on Thursday, April 23rd. Two investment 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 assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $259.80.

Check Out Our Latest Report on Boeing

Boeing News Summary

Here are the key news stories impacting Boeing this week:

Insider Transactions at Boeing

In other Boeing news, Director Mortimer J. Buckley purchased 2,230 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The shares were purchased at an average cost of $224.20 per share, for a total transaction of $499,966.00. Following the completion of the transaction, the director owned 4,430 shares of the company’s stock, valued at $993,206. The trade was a 101.36% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Bradley D. Tilden purchased 1,370 shares of the stock in a transaction that occurred 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 transaction, the director directly owned 1,370 shares of the company’s stock, valued at $299,345. The trade was a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.10% of the company’s stock.

Boeing Company Profile

(Free Report)

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.

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