Electron Capital Partners LLC Has $18.64 Million Position in The Boeing Company $BA

Electron Capital Partners LLC lessened its holdings in The Boeing Company (NYSE:BA) by 48.4% in the first quarter, Holdings Channel reports. The institutional investor owned 93,653 shares of the aircraft producer’s stock after selling 87,828 shares during the period. Boeing accounts for approximately 0.7% of Electron Capital Partners LLC’s holdings, making the stock its 29th largest position. Electron Capital Partners LLC’s holdings in Boeing were worth $18,640,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Measured Wealth Private Client Group LLC acquired a new position in shares of Boeing during the third quarter worth $25,000. Strive Financial Group LLC acquired a new stake in shares of Boeing in the fourth quarter valued at about $25,000. Ares Financial Consulting LLC bought a new position in Boeing during the 4th quarter worth approximately $26,000. CrossGen Wealth LLC bought a new stake in Boeing during the fourth quarter valued at $26,000. Finally, Strategic Wealth Advisors LLC acquired a new stake in Boeing during the fourth quarter worth approximately $27,000. 64.82% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on BA. Morgan Stanley increased their price objective on shares of Boeing from $245.00 to $250.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 23rd. Btg Pactual set a $260.00 target price on shares of Boeing in a research report on Tuesday, July 14th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Boeing in a report on Tuesday, July 21st. Wolfe Research reaffirmed an “outperform” rating and set a $275.00 target price on shares of Boeing in a research report on Thursday, April 23rd. Finally, Wells Fargo & Company assumed coverage on shares of Boeing in a report on Wednesday, April 1st. They issued an “overweight” rating and a $250.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $261.53.

Boeing Stock Up 1.0%

BA stock opened at $211.69 on Tuesday. The stock has a fifty day moving average of $219.17 and a 200-day moving average of $224.20. The Boeing Company has a fifty-two week low of $176.77 and a fifty-two week high of $254.35. The company has a market capitalization of $166.88 billion, a price-to-earnings ratio of 102.76 and a beta of 1.21. The company has a debt-to-equity ratio of 7.42, a quick ratio of 0.35 and a current ratio of 1.18.

Key Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: The Federal Aviation Administration recently restored Boeing’s authority to issue airworthiness certificates for newly produced 737 MAX and 787 aircraft after months of testing and safety audits. The milestone could help reduce delivery bottlenecks and supports the view that the 737 MAX recovery is progressing. Does Boeing’s FAA Win Signal the 737 MAX Turnaround Is Finally Underway?
• Positive Sentiment: Emirates reportedly remains eager to receive the larger 777X aircraft, offering a positive demand signal for Boeing’s long-delayed wide-body program. Continued customer interest could reinforce the program’s long-term revenue potential, although delivery timing remains important. Emirates Eager to See Bigger 777X Aircraft, Boeing Stock Gains
• Neutral Sentiment: Boeing is scheduled to report second-quarter results before the bell on July 28. Analysts expect a narrower loss, but investors will focus more heavily on free cash flow, production rates, aircraft deliveries, backlog conversion and management’s outlook for the turnaround. Boeing Set to Report Earnings – Here’s What Investors Should Watch
• Neutral Sentiment: Boeing earnings are one of the week’s major market events alongside reports from Ford and Visa, consumer-confidence data, inflation figures and the Federal Reserve meeting. These broader catalysts could increase volatility in BA and influence expectations for aerospace demand and interest rates. Boeing & Ford Earnings, July Consumer Confidence: What to Watch
• Negative Sentiment: The earnings preview highlights continued turnaround risk. Boeing’s stock has declined over the past year, while its substantial debt burden and weak liquidity metrics leave little room for production setbacks or additional cash needs. Investors are seeking clear evidence that manufacturing and deliveries are improving. Boeing Q2 Earnings Preview: What to Expect

Insider Buying and Selling

In other Boeing news, Director Bradley D. Tilden bought 1,370 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was purchased at an average price of $218.50 per share, for a total transaction 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 trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.10% of the stock is currently owned by company insiders.

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.