3,934 Shares in The Boeing Company $BA Purchased by Pavion Blue Capital LLC

Pavion Blue Capital LLC acquired a new position in shares of The Boeing Company (NYSE:BA) during the 2nd quarter, Holdings Channel reports. The fund acquired 3,934 shares of the aircraft producer’s stock, valued at approximately $852,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BA. Measured Wealth Private Client Group LLC purchased a new position in shares of Boeing in the 3rd quarter worth approximately $25,000. Strive Financial Group LLC purchased a new stake in Boeing during the 4th quarter valued at $25,000. CrossGen Wealth LLC purchased a new stake in Boeing during the 4th quarter valued at $26,000. Ares Financial Consulting LLC bought a new stake in Boeing in the fourth quarter worth $26,000. Finally, 1 North Wealth Services LLC bought a new stake in Boeing in the fourth quarter worth $27,000. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on BA. Wolfe Research cut shares of Boeing from an “outperform” rating to a “hold” rating in a research report on Tuesday, August 11th. Argus upgraded shares of Boeing from a “hold” rating to a “buy” rating and set a $265.00 target price for the company in a report on Tuesday, August 11th. Sanford C. Bernstein began coverage on shares of Boeing in a research note on Tuesday, August 11th. They set an “outperform” rating for the company. Robert W. Baird set a $300.00 price target on shares of Boeing in a report on Wednesday, July 29th. Finally, Tigress Financial increased their price objective on shares of Boeing from $295.00 to $305.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $272.58.

Boeing Stock Performance

Boeing stock opened at $226.48 on Tuesday. The company has a 50 day moving average price of $221.91 and a 200-day moving average price of $222.66. The company has a debt-to-equity ratio of 6.77, a quick ratio of 0.33 and a current ratio of 1.14. 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 $179.00 billion, a PE ratio of 98.04 and a beta of 1.21.

Boeing (NYSE:BA) last announced its quarterly earnings data on Tuesday, July 28th. The aircraft producer reported ($0.76) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.34) by ($0.42). Boeing had a negative return on equity of 346.82% and a net margin of 2.41%.The firm had revenue of $24.56 billion during the quarter, compared to the consensus estimate of $24.26 billion. During the same period last year, the company earned ($1.24) EPS. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. As a group, equities analysts forecast that The Boeing Company will post -0.87 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Bradley D. Tilden bought 1,370 shares of the stock in a transaction on Wednesday, May 20th. The stock was acquired at an average cost of $218.50 per share, for a total transaction of $299,345.00. Following the acquisition, the director owned 1,370 shares of the company’s stock, valued at $299,345. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.10% of the stock is currently owned by company insiders.

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.