University of Texas Texas AM Investment Management Co. Takes $881,000 Position in The Boeing Company $BA

University of Texas Texas AM Investment Management Co. purchased a new position in shares of The Boeing Company (NYSE:BA) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,057 shares of the aircraft producer’s stock, valued at approximately $881,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in BA. Measured Wealth Private Client Group LLC purchased a new position in shares of Boeing during the 3rd quarter worth about $25,000. Ares Financial Consulting LLC bought a new stake in Boeing in the fourth quarter valued at about $26,000. 1 North Wealth Services LLC acquired a new position in shares of Boeing in the 4th quarter worth approximately $27,000. Strategic Wealth Advisors LLC acquired a new stake in shares of Boeing during the 4th quarter valued at approximately $27,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in Boeing in the fourth quarter worth $28,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Up 4.6%

Shares of BA stock opened at $229.22 on Tuesday. The company has a market capitalization of $180.70 billion, a price-to-earnings ratio of 111.27 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 stock’s 50 day simple moving average is $223.20 and its 200 day simple moving average is $222.01. The Boeing Company has a twelve month low of $176.77 and a twelve month high of $254.35.

Boeing (NYSE:BA) last posted 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 firm had revenue of $22.22 billion for the quarter, compared to the consensus estimate of $22.15 billion. Boeing’s quarterly revenue was up 14.0% on a year-over-year basis. During the same period in the prior year, the company posted ($0.49) earnings per share. As a group, research analysts predict that The Boeing Company will post -0.15 EPS for the current year.

Insider Activity at Boeing

In related news, Director Bradley D. Tilden bought 1,370 shares of Boeing stock in a transaction that occurred on Wednesday, May 20th. The stock was acquired at an average price of $218.50 per share, for a total transaction of $299,345.00. Following the completion of the purchase, the director owned 1,370 shares in the company, valued at approximately $299,345. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Key Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing reported a surge in May deliveries, suggesting its production and handoff pace is improving. The Boeing Company Reports Surge in Deliveries in May
• Positive Sentiment: Shares also benefited from a broad rally in aerospace and airline stocks after oil prices fell sharply on easing Middle East tensions. Stock Market Today: Dow Jumps 600 Points On U.S.-Iran Deal; Chip Companies, Boeing Take Off (Live Coverage)
• Positive Sentiment: Boeing announced a $2.35 billion Wichita campus expansion and highlighted defense-program progress, which may support longer-term capacity and backlog execution. Boeing Updates Capacity And Defense Progress As Shares Trade Below Targets
• Neutral Sentiment: Analysts and market commentary continue to note technical momentum and favorable price-target comparisons, but these are secondary to delivery and production updates. Boeing Stock (BA) Opinions on Production Ramp and FAA Approvals
• Negative Sentiment: Boeing confirmed eight fatalities in the Edwards Air Force Base B-52 crash, a headline that could weigh on sentiment around its defense business and safety reputation. Boeing confirms eight fatalities in Edwards Air Force Base B-52 crash

Analyst Upgrades and Downgrades

Several research firms have recently commented on BA. 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. Tigress Financial lifted their target price on Boeing from $290.00 to $295.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Wolfe Research restated an “outperform” rating and set a $275.00 price objective on shares of Boeing in a research report on Thursday, April 23rd. Citigroup lifted their price objective on shares of Boeing from $256.00 to $260.00 and gave the stock a “buy” rating in a research note on Monday, May 18th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Boeing in a research note on Wednesday, March 4th. 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 company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $262.32.

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.