Los Angeles Capital Management LLC Increases Stock Holdings in The Boeing Company $BA

Los Angeles Capital Management LLC grew its position in The Boeing Company (NYSE:BA) by 9.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 30,369 shares of the aircraft producer’s stock after purchasing an additional 2,696 shares during the period. Los Angeles Capital Management LLC’s holdings in Boeing were worth $6,076,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in BA. Measured Wealth Private Client Group LLC purchased a new position in shares of Boeing in the third quarter valued at $25,000. Ares Financial Consulting LLC purchased a new position in shares of Boeing in the fourth quarter valued at $26,000. Strategic Wealth Advisors LLC purchased a new position in shares of Boeing in the fourth quarter valued at $27,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Boeing in the fourth quarter valued at $28,000. Finally, American National Bank & Trust increased its position in shares of Boeing by 124.2% in the fourth quarter. American National Bank & Trust now owns 139 shares of the aircraft producer’s stock valued at $30,000 after buying an additional 77 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing News Roundup

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing is starting a new 737 MAX production line on July 6, with CEO Kelly Ortberg saying higher output is still being studied, signaling continued progress in ramping up one of its most important programs.
• Positive Sentiment: The FAA approved Boeing to move forward with the next phase of 777X certification testing, a key step that could reduce uncertainty around the long-delayed widebody jet program. Market Chatter: Boeing Says FAA Clears Key 777X Certification Testing Phase
• Positive Sentiment: Riyadh Air took delivery of its first Boeing 787-9 Dreamliners, reinforcing demand for Boeing widebody aircraft and highlighting continued commercial deliveries. Riyadh Air takes delivery of first Boeing 787-9 Dreamliners
• Positive Sentiment: Reports that Boeing has cleared a key 777X certification hurdle and that a fuller production ramp is under study are being viewed as signs of operational improvement, which can support sentiment on the stock. Boeing clears key 777X certification hurdle as FAA approves next flight tests
• Neutral Sentiment: Industry coverage around a soon-to-be-released Air India crash investigation report is keeping attention on Boeing’s safety and legal overhang, but the market is still waiting for the findings before assessing any direct impact. The Boeing Air India Crash Was Almost a Year Ago. The Full Investigation Report Is Coming Soon.
• Neutral Sentiment: Broader airline news, including higher fuel costs and delivery timing comments from carriers like Etihad, provides mixed context for Boeing’s customers, but does not directly change Boeing’s fundamentals today.
• Negative Sentiment: The upcoming Air India report could renew scrutiny of Boeing’s safety record if it raises concerns, which is why some investors may remain cautious despite the recent operational progress.

Boeing Stock Up 0.2%

BA opened at $215.83 on Tuesday. The company has a quick ratio of 0.35, a current ratio of 1.18 and a debt-to-equity ratio of 7.42. The firm has a market cap of $170.14 billion, a P/E ratio of 104.77 and a beta of 1.20. The Boeing Company has a 52 week low of $176.77 and a 52 week high of $254.35. The business’s fifty day simple moving average is $221.22 and its 200 day simple moving average is $220.69.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, April 22nd. The aircraft producer reported ($0.20) 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 period in the previous year, the business earned ($0.49) EPS. As a group, equities research analysts anticipate that The Boeing Company will post -0.15 EPS for the current fiscal year.

Insider Activity at Boeing

In related news, Director Bradley D. Tilden acquired 1,370 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were acquired at an average price of $218.50 per share, with a total value of $299,345.00. Following the completion of the purchase, the director directly owned 1,370 shares in the company, valued at approximately $299,345. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Wolfe Research restated an “outperform” rating and issued a $275.00 price target on shares of Boeing in a research report on Thursday, April 23rd. Morgan Stanley raised their price target on Boeing from $245.00 to $250.00 and gave the company an “equal weight” rating in a research report on Thursday, April 23rd. Weiss Ratings cut Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, April 24th. Jefferies Financial Group restated a “buy” rating on shares of Boeing in a research report on Wednesday, March 4th. Finally, Wells Fargo & Company assumed coverage on Boeing in a research report on Wednesday, April 1st. They issued an “overweight” rating and a $250.00 price target for the company. 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 two have issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $259.80.

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.