Clough Capital Partners L P decreased its holdings in The Boeing Company (NYSE:BA – Free Report) by 17.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 179,240 shares of the aircraft producer’s stock after selling 37,415 shares during the period. Boeing comprises approximately 3.4% of Clough Capital Partners L P’s investment portfolio, making the stock its 9th biggest holding. Clough Capital Partners L P’s holdings in Boeing were worth $35,674,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Measured Wealth Private Client Group LLC bought a new stake in Boeing in the 3rd quarter valued at $25,000. Strive Financial Group LLC bought a new position in Boeing during the fourth quarter worth $25,000. Ares Financial Consulting LLC acquired a new position in shares of Boeing in the fourth quarter valued at $26,000. CrossGen Wealth LLC bought a new position in shares of Boeing in the fourth quarter valued at about $26,000. Finally, Strategic Wealth Advisors LLC bought a new position in shares of Boeing in the fourth quarter valued at about $27,000. 64.82% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
BA has been the subject of a number of research reports. Citigroup raised their target price 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. Wolfe Research reissued an “outperform” rating and issued a $275.00 price target on shares of Boeing in a report on Thursday, April 23rd. Btg Pactual set a $260.00 price objective on shares of Boeing in a research report on Tuesday, July 14th. Weiss Ratings restated a “sell (d+)” rating on shares of Boeing in a report on Tuesday, July 21st. Finally, Wells Fargo & Company initiated coverage on Boeing in a research report on Wednesday, April 1st. They issued an “overweight” rating and a $250.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Boeing has a consensus rating of “Moderate Buy” and a consensus price target of $261.53.
Insider Activity
In related news, Director Bradley D. Tilden purchased 1,370 shares of Boeing 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 transaction, the director directly owned 1,370 shares of the company’s stock, valued at $299,345. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.10% of the company’s stock.
Boeing Stock Performance
Shares of NYSE:BA opened at $209.51 on Monday. The Boeing Company has a 12-month low of $176.77 and a 12-month high of $254.35. The company’s 50 day moving average price is $219.35 and its two-hundred day moving average price is $224.33. The firm has a market cap of $165.15 billion, a PE ratio of 101.70 and a beta of 1.21. The company has a quick ratio of 0.35, a current ratio of 1.18 and a debt-to-equity ratio of 7.42.
Trending Headlines about Boeing
Here are the key news stories impacting Boeing this week:
- Positive Sentiment: Boeing heads into earnings with a massive backlog of about $695 billion, giving investors visibility into years of future revenue and reinforcing the turnaround narrative. Boeing Has a $695B Backlog and Analysts See 29% Upside. Should You Buy Before July 28 Earnings?
- Positive Sentiment: Analysts see meaningful upside in BA, with some reports citing nearly 30% potential gains ahead of Q2 results, and prediction markets are leaning toward a beat. Boeing Has a $695B Backlog and Analysts See 29% Upside. Should You Buy Before July 28 Earnings?
- Positive Sentiment: Boeing is nearing FAA certification for the 737 Max 10, with more than 1,500 orders waiting for approval; that could support future deliveries if approvals come through. Boeing Nears Max 10 Certification With 1,500+ Orders Awaiting Approval
- Neutral Sentiment: Several previews highlighted improving commercial deliveries and production gains, but also flagged supply-chain bottlenecks that could affect revenue and cash flow in the near term. Buy, Hold or Sell Boeing Stock? Key Insights Ahead of Q2 Earnings
- Neutral Sentiment: News that Emirates will not take early 777-9 aircraft was viewed as a setback, but the market appeared to shrug it off given Boeing’s broader backlog and turnaround momentum. Emirates Will Not Take Early 777-9 Aircraft, Boeing Stock (NYSE:BA) Gains Regardless
- Negative Sentiment: China is reportedly seeking new terms on Boeing orders, creating uncertainty around a key international growth market and weighing on sentiment. China is said to seek new Boeing order terms, raising doubts on Trump-Xi deal
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.
Further Reading
- Five stocks we like better than Boeing
- RTX and Lockheed Earnings: Can Strong Guidance Reset the Defense Trade?
- These 4 Earnings Reports Expose the Market’s Growing Economic Divide
- Broadcom May Be the Biggest Winner From Alphabet’s Earnings
- Volatility Is Back and These 3 Market Tollbooths Are Best Positioned to Profit
Want to see what other hedge funds are holding BA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Boeing Company (NYSE:BA – Free Report).
Receive News & Ratings for Boeing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing and related companies with MarketBeat.com's FREE daily email newsletter.
