The Boeing Company $BA Stock Position Raised by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System grew its holdings in The Boeing Company (NYSE:BA) by 14.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 46,415 shares of the aircraft producer’s stock after acquiring an additional 5,727 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Boeing were worth $8,636,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of BA. Highland Investment Advisors LLC acquired a new stake in Boeing in the 2nd quarter worth approximately $26,000. Strategic Wealth Advisors LLC purchased a new stake in Boeing during the 2nd quarter worth approximately $27,000. Retirement Wealth Solutions LLC grew its position in Boeing by 3,575.0% during the 3rd quarter. Retirement Wealth Solutions LLC now owns 147 shares of the aircraft producer’s stock worth $27,000 after purchasing an additional 143 shares during the last quarter. Bell Investment Advisors Inc purchased a new stake in Boeing during the 2nd quarter worth approximately $29,000. Finally, Security National Bank of SO Dak purchased a new stake in Boeing during the 2nd quarter worth approximately $30,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Insider Activity at Boeing

In other Boeing news, Director Steven Mollenkopf bought 2,950 shares of the firm’s stock in a transaction that occurred on Friday, October 30th. The stock was bought at an average cost of $173.03 per share, for a total transaction of $510,438.50. Following the completion of the transaction, the director directly owned 6,717 shares of the company’s stock, valued at approximately $1,162,242.51. This trade represents a 78.31% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Mortimer Buckley purchased 5,820 shares of the stock in a transaction on Friday, October 30th. The stock was acquired at an average cost of $171.55 per share, for a total transaction of $998,421.00. Following the completion of the acquisition, the director owned 10,250 shares of the company’s stock, valued at $1,758,387.50. The trade was a 131.38% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.10% of the stock is currently owned by insiders.

Boeing Stock Performance

Shares of NYSE BA opened at $171.53 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.34 and a debt-to-equity ratio of 6.31. The Boeing Company has a 12 month low of $165.01 and a 12 month high of $254.35. The company has a 50 day simple moving average of $189.59 and a two-hundred day simple moving average of $213.86. The stock has a market cap of $135.93 billion, a price-to-earnings ratio of 18.66 and a beta of 1.34.

Boeing (NYSE:BA) last released its quarterly earnings data on Tuesday, October 27th. The aircraft producer reported ($0.34) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.09). The business had revenue of $24.19 billion during the quarter, compared to analysts’ expectations of $23.95 billion. Boeing had a net margin of 7.98% and a negative return on equity of 42.40%. The firm’s revenue was up 3.9% on a year-over-year basis. During the same period last year, the company earned ($7.47) earnings per share. As a group, analysts predict that The Boeing Company will post -1.84 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. BNP Paribas Exane upgraded shares of Boeing to a “neutral” rating in a research note on Wednesday, October 28th. Royal Bank Of Canada reiterated an “outperform” rating and set a $235.00 price objective on shares of Boeing in a research note on Monday, October 26th. The Goldman Sachs Group reissued a “buy” rating and issued a $238.00 target price on shares of Boeing in a research report on Wednesday, October 28th. DZ Bank reissued a “buy” rating on shares of Boeing in a research report on Thursday, August 6th. Finally, Robert W. Baird reduced their target price on Boeing from $300.00 to $230.00 and set an “outperform” rating for the company in a research note on Wednesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $247.88.

More Boeing News

Investors following BA have been watching these news items:

• Positive Sentiment: Boeing is targeting $10 billion in free cash flow by 2029. One analysis says achieving production and certification milestones could support substantial share-price gains, though this depends on successful execution. Article: $500 Invested in Boeing Today Could Be Worth This Much in 3 Years
• Negative Sentiment: Recent coverage points to production delays, labor shortages, and 777X setbacks as risks to Boeing’s recovery, despite its backlog and defense business. Article: Boeing Stock Drops 25.6% in 3 Months
• Negative Sentiment: Put-option volume was about 65% above its usual level, suggesting heightened demand for downside protection, although options activity alone does not establish a bearish outlook.

Boeing Profile

The Boeing Company is an aerospace manufacturer that designs, builds and supports commercial airplanes, defense products and space systems. Its commercial aircraft include the 737, 767, 777 and 787 families, which serve passenger and cargo operators around the world. Boeing’s defense, space and security business supplies military aircraft, helicopters, weapons, satellites and related systems, as well as services for government customers. Its Boeing Global Services business provides support such as maintenance, parts, training and logistics for commercial and government customers.