The Boeing Company $BA is Rheos Capital Works Inc.’s 9th Largest Position

Rheos Capital Works Inc. trimmed its position in shares of The Boeing Company (NYSE:BA) by 51.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 211,400 shares of the aircraft producer’s stock after selling 225,000 shares during the quarter. Boeing makes up about 2.9% of Rheos Capital Works Inc.’s portfolio, making the stock its 9th biggest holding. Rheos Capital Works Inc.’s holdings in Boeing were worth $45,899,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Measured Wealth Private Client Group LLC purchased a new position in shares of Boeing during the 3rd quarter valued at approximately $25,000. American National Bank & Trust increased its holdings in shares of Boeing by 124.2% during the 4th quarter. American National Bank & Trust now owns 139 shares of the aircraft producer’s stock valued at $30,000 after purchasing an additional 77 shares in the last quarter. Reyes Financial Architecture Inc. purchased a new stake in Boeing in the 3rd quarter worth $32,000. Davis Capital Management purchased a new stake in Boeing in the 3rd quarter worth $33,000. Finally, Game Plan Financial Advisors LLC increased its holdings in Boeing by 650.0% in the 4th quarter. Game Plan Financial Advisors LLC now owns 150 shares of the aircraft producer’s stock worth $33,000 after acquiring an additional 130 shares in the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Boeing

In other Boeing news, 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 purchase, the director directly owned 4,430 shares in the company, valued at $993,206. This trade represents a 101.36% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Uma M. Amuluru sold 1,503 shares of Boeing stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $233.78, for a total transaction of $351,371.34. Following the sale, the executive vice president directly owned 19,015 shares in the company, valued at approximately $4,445,326.70. This trade represents a 7.33% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 21,012 shares of company stock worth $4,980,687. Company insiders own 0.10% of the company’s stock.

Boeing Price Performance

Shares of NYSE BA opened at $212.32 on Tuesday. The Boeing Company has a one year low of $128.88 and a one year high of $254.35. The company has a debt-to-equity ratio of 8.37, a quick ratio of 0.40 and a current ratio of 1.19. The firm has a fifty day moving average of $222.43 and a 200 day moving average of $216.42. The firm has a market cap of $166.74 billion, a PE ratio of 105.63 and a beta of 1.13.

Boeing (NYSE:BA) last announced its earnings results on Tuesday, January 27th. The aircraft producer reported $9.92 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.40) by $10.32. The business had revenue of $23.95 billion for the quarter, compared to analyst estimates of $22.41 billion. During the same period last year, the firm earned ($5.90) EPS. The company’s revenue for the quarter was up 57.1% compared to the same quarter last year. As a group, research analysts predict that The Boeing Company will post -2.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

BA has been the subject of several recent analyst reports. New Street Research set a $257.00 price target on shares of Boeing in a report on Tuesday, December 9th. JPMorgan Chase & Co. boosted their price target on shares of Boeing from $245.00 to $270.00 and gave the stock an “overweight” rating in a report on Wednesday, January 28th. Royal Bank Of Canada boosted their price target on shares of Boeing from $265.00 to $275.00 and gave the stock an “outperform” rating in a report on Wednesday, January 28th. The Goldman Sachs Group reissued a “buy” rating on shares of Boeing in a report on Tuesday, December 9th. Finally, Wolfe Research reissued an “outperform” rating on shares of Boeing in a report on Tuesday, January 27th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $252.48.

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.