355,009 Shares in The Boeing Company $BA Acquired by Sound Shore Management Inc. CT

Sound Shore Management Inc. CT acquired a new stake in The Boeing Company (NYSE:BA) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 355,009 shares of the aircraft producer’s stock, valued at approximately $70,657,000. Boeing comprises about 2.4% of Sound Shore Management Inc. CT’s portfolio, making the stock its 28th biggest holding.

Several other institutional investors have also added to or reduced their stakes in BA. Scarborough Advisors LLC lifted its stake in Boeing by 142.7% during the first quarter. Scarborough Advisors LLC now owns 1,767 shares of the aircraft producer’s stock worth $352,000 after purchasing an additional 1,039 shares during the last quarter. Greenwood Gearhart LLC increased its stake in shares of Boeing by 8.0% in the 1st quarter. Greenwood Gearhart LLC now owns 2,559 shares of the aircraft producer’s stock valued at $509,000 after purchasing an additional 189 shares during the last quarter. KBC Group NV increased its stake in shares of Boeing by 20.8% in the 1st quarter. KBC Group NV now owns 84,641 shares of the aircraft producer’s stock valued at $16,846,000 after purchasing an additional 14,551 shares during the last quarter. Swiss National Bank raised its holdings in shares of Boeing by 7.6% during the 1st quarter. Swiss National Bank now owns 2,298,077 shares of the aircraft producer’s stock worth $457,386,000 after buying an additional 163,000 shares in the last quarter. Finally, Spartan Wealth Advisory Services LLC acquired a new position in shares of Boeing during the 1st quarter worth $824,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: The FAA said Boeing can again self-certify airworthiness for its 737 MAX and 787 jets, restoring a key authority Boeing lost after the MAX crashes and signaling improving oversight trust. FAA returning ticketing authority to Boeing for 737 MAX, 787 planes
• Positive Sentiment: Reports also say Boeing is nearing certification milestones for the 737 MAX 7 and MAX 10, which could help unlock delayed deliveries and improve cash flow. Boeing nears key certification milestone for 737 Max 7 and Max 10
• Positive Sentiment: Boeing delivered 64 jets in June and posted its strongest first half of deliveries since 2018, reinforcing the case that production and cash generation are improving. Boeing Delivered 64 Jets in June. Here’s What That Means for Its July 28 Earnings.
• Positive Sentiment: Boeing is also targeting a potential 100-jet SMBC deal, while broader airline demand headlines and upcoming air shows could support new order activity. Boeing Targets 100-Jet SMBC Deal as Airbus Battles for Major Order
• Neutral Sentiment: Analysts continue to rate Boeing as a “moderate buy,” but that view reflects ongoing execution progress rather than a near-term breakout catalyst. The Boeing Company (NYSE:BA) Given Average Recommendation of “Moderate Buy” by Brokerages
• Negative Sentiment: Competition remains a concern, as Airbus won major orders from Chinese airlines, highlighting Boeing’s continued weakness in a key international market. Airbus Wins Major Order from Air China to Firm Regional Hold

Boeing Trading Up 0.2%

NYSE BA opened at $214.38 on Monday. The company has a quick ratio of 0.35, a current ratio of 1.18 and a debt-to-equity ratio of 7.42. The Boeing Company has a twelve month low of $176.77 and a twelve month high of $254.35. The company has a market cap of $169.00 billion, a price-to-earnings ratio of 104.07 and a beta of 1.21. The business’s fifty day moving average is $221.83 and its 200 day moving average is $224.79.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.68) by $0.48. The firm had revenue of $22.22 billion for the quarter, compared to the consensus estimate of $22.15 billion. During the same quarter in the prior year, the firm earned ($0.49) EPS. The company’s revenue was up 14.0% on a year-over-year basis. As a group, sell-side analysts expect that The Boeing Company will post -0.27 EPS for the current fiscal year.

Insider Activity at Boeing

In other news, Director Bradley D. Tilden purchased 1,370 shares of Boeing stock in a transaction dated Wednesday, May 20th. The shares were bought at an average cost of $218.50 per share, for a total transaction of $299,345.00. Following the completion of the acquisition, the director owned 1,370 shares in the company, valued at approximately $299,345. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on BA. Wolfe Research reaffirmed an “outperform” rating and issued a $275.00 price objective on shares of Boeing in a research note on Thursday, April 23rd. Weiss Ratings downgraded Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, April 24th. Morgan Stanley increased their target price on shares of Boeing from $245.00 to $250.00 and gave the stock an “equal weight” rating in a report on Thursday, April 23rd. Tigress Financial raised their price target on shares of Boeing from $290.00 to $295.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Finally, Citigroup lifted their price target on shares of Boeing from $256.00 to $260.00 and gave the company a “buy” rating in a report on Monday, May 18th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Boeing currently has an average rating of “Moderate Buy” and a consensus price target of $261.53.

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.