Pinnbrook Capital Management LP Makes New $3.99 Million Investment in The Boeing Company $BA

Pinnbrook Capital Management LP purchased a new position in The Boeing Company (NYSE:BA) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 18,363 shares of the aircraft producer’s stock, valued at approximately $3,987,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Revolve Wealth Partners LLC purchased a new position in shares of Boeing during the fourth quarter worth $201,000. Sivia Capital Partners LLC raised its holdings in shares of Boeing by 16.5% during the second quarter. Sivia Capital Partners LLC now owns 1,529 shares of the aircraft producer’s stock worth $320,000 after purchasing an additional 217 shares during the last quarter. AXA S.A. raised its holdings in shares of Boeing by 1,225.7% during the second quarter. AXA S.A. now owns 34,655 shares of the aircraft producer’s stock worth $7,261,000 after purchasing an additional 32,041 shares during the last quarter. Ieq Capital LLC raised its holdings in shares of Boeing by 243.8% during the second quarter. Ieq Capital LLC now owns 33,485 shares of the aircraft producer’s stock worth $7,016,000 after purchasing an additional 23,746 shares during the last quarter. Finally, Alliancebernstein L.P. raised its holdings in shares of Boeing by 4.2% during the second quarter. Alliancebernstein L.P. now owns 1,334,451 shares of the aircraft producer’s stock worth $279,608,000 after purchasing an additional 53,736 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Key Stories Impacting Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: China formally confirmed a 200-jet order from Boeing, reinforcing demand for the company’s commercial aircraft and signaling easing trade tensions. Beijing Confirms Boeing Aircraft Order Following Trump’s China Visit—Xi Jinping Seeks To End $30 Billion In Reciprocal Tariffs With US
• Positive Sentiment: Citi said the recent BA selloff is a “gift” and raised its price target to $260, a bullish analyst signal that suggests Wall Street sees further upside from the recent weakness. Citi calls Boeing selloff a ‘gift’ and lifts BA target to $260
• Positive Sentiment: Articles highlighted Boeing’s record $695 billion backlog, rising deliveries, and defense growth, which improve revenue visibility and support the recovery story. Is Boeing’s Growing Backlog Strengthening Its Recovery Prospects?
• Positive Sentiment: Boeing also announced a partnership with Gilat Satellite Networks to offer improved in-flight connectivity as a factory-installed option, adding another product/technology angle for future aircraft sales. Boeing Bets On Gilat Antennas As Connectivity Becomes Core For Investors
• Neutral Sentiment: Coverage around Boeing’s former IMAX theater being left out of new features is mostly a novelty item and is unlikely to materially affect the stock. “A Blow to Movie Buffs”: Boeing Stock (NYSE:BA) Slips as Former Boeing IMAX Theater Stays Out of Features
• Negative Sentiment: Some traders were disappointed the China order was for 200 planes rather than the larger number initially rumored, which helped explain some of the stock’s volatility despite the headline win. Fresh China deal gives hope for whipsawed Boeing shares

Insider Buying and Selling at Boeing

In related news, EVP Uma M. Amuluru sold 1,503 shares of the firm’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $233.78, for a total transaction of $351,371.34. Following the sale, the executive vice president owned 19,015 shares in the company, valued at approximately $4,445,326.70. This trade represents a 7.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mortimer J. Buckley purchased 2,230 shares of the company’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were purchased at an average price of $224.20 per share, for a total transaction of $499,966.00. Following the transaction, the director owned 4,430 shares of the company’s stock, valued at $993,206. This trade represents a 101.36% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Royal Bank Of Canada raised their target price on shares of Boeing from $265.00 to $275.00 and gave the stock an “outperform” rating in a report on Wednesday, January 28th. Sanford C. Bernstein reissued an “outperform” rating on shares of Boeing in a report on Wednesday, January 28th. Argus raised shares of Boeing to a “hold” rating in a report on Monday, February 2nd. TD Cowen reissued a “buy” rating on shares of Boeing in a report on Wednesday, January 28th. Finally, Wells Fargo & Company assumed coverage on shares of Boeing in a report on Wednesday, April 1st. They set an “overweight” rating and a $250.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $259.80.

Boeing Stock Down 1.1%

BA stock opened at $219.72 on Friday. The firm has a market cap of $173.21 billion, a PE ratio of 106.66 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. The firm’s fifty day moving average is $217.24 and its 200 day moving average is $218.62. The Boeing Company has a one year low of $176.77 and a one year high of $254.35.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) EPS for the quarter, beating the consensus estimate of ($0.68) by $0.48. The firm had revenue of $22.22 billion for the quarter, compared to analyst estimates of $22.15 billion. The firm’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.49) EPS. On average, research analysts forecast that The Boeing Company will post -0.15 EPS for the current year.

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.