Oregon Public Employees Retirement Fund Boosts Stake in The Boeing Company $BA

Oregon Public Employees Retirement Fund grew its holdings in shares of The Boeing Company (NYSE:BA) by 3.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 89,655 shares of the aircraft producer’s stock after buying an additional 3,200 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Boeing were worth $19,466,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Boeing by 5.1% during 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 in the last quarter. Newport Trust Company LLC lifted its holdings in shares of Boeing by 2.5% during the third quarter. Newport Trust Company LLC now owns 29,198,446 shares of the aircraft producer’s stock valued at $6,301,901,000 after purchasing an additional 707,490 shares in the last quarter. Fisher Asset Management LLC boosted its position in shares of Boeing by 3.3% during 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 buying an additional 177,597 shares during the last quarter. Legal & General Group Plc lifted its position in Boeing by 7.1% during the third quarter. Legal & General Group Plc now owns 3,369,615 shares of the aircraft producer’s stock valued at $727,264,000 after purchasing an additional 223,995 shares during the period. Finally, Viking Global Investors LP grew its position in Boeing by 6.2% in the 3rd quarter. Viking Global Investors LP now owns 3,010,551 shares of the aircraft producer’s stock worth $649,767,000 after purchasing an additional 175,486 shares during the period. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BA has been the subject of several research reports. Jefferies Financial Group reaffirmed a “buy” rating on shares of Boeing in a research report on Wednesday, March 4th. Wolfe Research restated an “outperform” rating and set a $275.00 target price on shares of Boeing in a research report on Thursday, April 23rd. Tigress Financial upped their target price on shares of Boeing from $290.00 to $295.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Citigroup dropped their price target on shares of Boeing from $290.00 to $256.00 and set a “buy” rating on the stock in a research note on Thursday, April 2nd. Finally, Weiss Ratings lowered Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, April 24th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $259.60.

Boeing Stock Down 0.5%

BA opened at $237.02 on Wednesday. The stock has a market cap of $186.84 billion, a price-to-earnings ratio of 115.06 and a beta of 1.21. 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 firm’s fifty day moving average is $217.41 and its 200 day moving average is $218.14. The Boeing Company has a fifty-two week low of $176.77 and a fifty-two week high of $254.35.

Boeing (NYSE:BA) last posted its earnings results 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 firm had revenue of $22.22 billion during the quarter, compared to analysts’ expectations of $22.15 billion. Boeing’s quarterly revenue was up 14.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.49) earnings per share. On average, sell-side analysts forecast that The Boeing Company will post -0.15 earnings per share for the current fiscal year.

Key Headlines Impacting Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing booked 135 net new orders in April, signaling strong demand and helping support the long-term backlog story. Reuters: Boeing’s new order bookings surge in April
• Positive Sentiment: Investors are hoping Boeing could win a large China order, possibly for more than 500 aircraft, which would be a major boost to the company’s backlog and turnaround narrative. Boeing China Megadeal Could Recast Backlog, Risk Profile And Services Story
• Positive Sentiment: President Trump’s trip to China is raising expectations that Boeing could be included in trade or purchase announcements, adding a near-term catalyst for the stock. CNBC: What’s at stake for trade, Taiwan and Iran in Trump’s high-risk summit with China’s Xi
• Positive Sentiment: Separately, FAA approval for Boeing’s protocol to return MD-11 aircraft to service is a small operational win that could help credibility around its safety and compliance processes. Reuters: FAA approves Boeing protocol returning MD-11 planes to service in US after fatal crash
• Neutral Sentiment: Analyst commentary and company profiles are keeping Boeing in focus as investors assess whether its backlog and defense business can support a longer-term recovery. TheStreet: Is Boeing a good long-term investment? Its backlog explained
• Negative Sentiment: April aircraft deliveries came in a bit below expectations, and investors were looking for more near-term execution from Boeing’s production and delivery ramp. Barron’s: Boeing Stock Falls. Why Investors Were Looking For More From April Deliveries.
• Negative Sentiment: Renewed legal pressure, including a lawsuit tied to the 737 MAX program, is adding headline risk and weighing on sentiment. TipRanks: Boeing Stock (NYSE:BA) Sinks as LOT Polish Airlines Sues

Insider Activity at Boeing

In related news, EVP Uma M. Amuluru sold 1,503 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $233.78, for a total value of $351,371.34. Following the completion of the transaction, the executive vice president owned 19,015 shares of the company’s stock, valued at $4,445,326.70. The trade was a 7.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Mortimer J. Buckley bought 2,230 shares of the stock in a transaction on Tuesday, March 3rd. The shares were bought at an average price of $224.20 per share, with a total value of $499,966.00. Following the acquisition, the director owned 4,430 shares of the company’s stock, valued at $993,206. This trade represents a 101.36% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.10% of the stock is currently owned by corporate insiders.

About Boeing

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.