COFG Advisors LLC Buys New Position in The Boeing Company $BA

COFG Advisors LLC bought a new stake in shares of The Boeing Company (NYSE:BA) in the fourth quarter, Holdings Channel.com reports. The fund bought 2,280 shares of the aircraft producer’s stock, valued at approximately $495,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC bought a new position in Boeing during the third quarter worth $25,000. Ares Financial Consulting LLC bought a new position in Boeing during the fourth quarter worth $26,000. Strategic Wealth Advisors LLC bought a new position in Boeing during the fourth quarter worth $27,000. Kohmann Bosshard Financial Services LLC bought a new position in Boeing during the fourth quarter worth $28,000. Finally, American National Bank & Trust raised its stake in Boeing by 124.2% during the fourth quarter. American National Bank & Trust now owns 139 shares of the aircraft producer’s stock worth $30,000 after buying an additional 77 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Key Headlines Impacting Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing said its MQ-28 Ghost Bat unmanned aircraft successfully completed stealth/low-radar-cross-section validation testing, reinforcing progress in its military aircraft and autonomous systems business. Boeing says Ghost Bat completes stealth validation testing
• Positive Sentiment: Reports also point to Boeing’s improving production outlook, including FAA clearance to ramp 737 MAX output and hopes that China could convert a prior commitment into firm orders, which would support deliveries and cash flow. Trump Put Boeing Back In The China Game — And Now The Stock Is Racing Toward A Golden Cross
• Neutral Sentiment: Industry coverage continues to frame Kelly Ortberg’s turnaround effort as a long-term rebuild focused on improving quality and execution rather than chasing short-term Wall Street expectations. Stock Market Today: Dow Up As Trump Says This On Iran; AI Stocks Pop On Anthropic IPO Move (Live Coverage)
• Negative Sentiment: Despite the operational progress, Boeing stock is getting some pressure from market commentary noting that shares have lagged the broader market over the past year, while recent trading has also been influenced by a weaker overall Dow and risk-off sentiment tied to geopolitical headlines. Boeing Stock (NYSE:BA) Falls as MQ-28 Gets Validated

Insider Activity at Boeing

In other Boeing news, Director Bradley D. Tilden bought 1,370 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was bought at an average cost 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 in the company, valued at approximately $299,345. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 0.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on BA. Wells Fargo & Company began coverage on shares of Boeing in a research note on Wednesday, April 1st. They set an “overweight” rating and a $250.00 target price for the company. Wolfe Research reissued an “outperform” rating and set a $275.00 target price on shares of Boeing in a research note on Thursday, April 23rd. Jefferies Financial Group reissued a “buy” rating on shares of Boeing in a research note on Wednesday, March 4th. Tigress Financial lifted their target price on shares of Boeing from $290.00 to $295.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Finally, Argus raised shares of Boeing to a “hold” rating in a research note on Monday, February 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $259.80.

Boeing Trading Down 2.9%

BA opened at $224.45 on Tuesday. The Boeing Company has a 1-year low of $176.77 and a 1-year high of $254.35. The company has a current ratio of 1.18, a quick ratio of 0.35 and a debt-to-equity ratio of 7.42. The company has a market cap of $176.94 billion, a P/E ratio of 108.96 and a beta of 1.21. The company has a fifty day moving average price of $219.35 and a two-hundred day moving average price of $219.91.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share for the quarter, beating the consensus estimate of ($0.68) by $0.48. The company had revenue of $22.22 billion during the quarter, compared to the consensus estimate of $22.15 billion. The company’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same period last year, the firm posted ($0.49) earnings per share. Analysts predict that The Boeing Company will post -0.15 EPS for the current fiscal year.

Boeing Company 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.