Havemeyer Place LP Makes New $4.32 Million Investment in The Boeing Company $BA

Havemeyer Place LP acquired a new position in shares of The Boeing Company (NYSE:BA) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 19,883 shares of the aircraft producer’s stock, valued at approximately $4,317,000. Boeing accounts for about 0.9% of Havemeyer Place LP’s holdings, making the stock its 6th biggest position.

Other institutional investors also recently bought and sold shares of the company. Fisher Asset Management LLC boosted its stake in shares of Boeing by 3.3% in the third quarter. Fisher Asset Management LLC now owns 5,505,040 shares of the aircraft producer’s stock valued at $1,188,153,000 after purchasing an additional 177,597 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Boeing by 41.1% in the third quarter. Russell Investments Group Ltd. now owns 223,824 shares of the aircraft producer’s stock valued at $48,316,000 after purchasing an additional 65,216 shares during the period. Princeton Capital Management LLC boosted its stake in shares of Boeing by 78.3% in the fourth quarter. Princeton Capital Management LLC now owns 12,249 shares of the aircraft producer’s stock valued at $2,660,000 after purchasing an additional 5,381 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Boeing in the fourth quarter valued at $55,787,000. Finally, Granite Investment Partners LLC boosted its stake in shares of Boeing by 1,984.0% in the third quarter. Granite Investment Partners LLC now owns 31,448 shares of the aircraft producer’s stock valued at $6,787,000 after purchasing an additional 29,939 shares during the period. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Jefferies Financial Group restated a “buy” rating on shares of Boeing in a research note on Wednesday, March 4th. Weiss Ratings downgraded shares of Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, April 24th. Citigroup upped their target price on shares of Boeing from $256.00 to $260.00 and gave the company a “buy” rating in a research note on Monday, May 18th. Wolfe Research restated an “outperform” rating and issued a $275.00 target price on shares of Boeing in a research note on Thursday, April 23rd. Finally, Tigress Financial upped their target price 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. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Boeing presently has an average rating of “Moderate Buy” and an average target price of $259.80.

Insider Transactions at Boeing

In related news, Director Bradley D. Tilden purchased 1,370 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were purchased at an average cost of $218.50 per share, with a total value of $299,345.00. Following the completion of the acquisition, the director directly owned 1,370 shares of the company’s stock, valued at approximately $299,345. The trade was a ? increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.10% of the stock is owned by corporate insiders.

Key Headlines Impacting Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing said it will start building 737 MAX jets on a new final assembly line in Everett, Washington, on July 6, a sign that the company is getting closer to ramping production and potentially lifting output toward 52 jets per month. Boeing to start 737 Max production on new assembly line July 6, CEO says
• Positive Sentiment: Boeing delivered the first two 787 Dreamliners to Riyadh Air, reinforcing steady commercial aircraft demand and giving investors another concrete delivery milestone. Boeing Delivers Riyadh Air’s First Two 787 Dreamliner Jets
• Positive Sentiment: Reports that China may consider additional aircraft purchases, along with interest from airlines such as Qantas and Singapore Airlines in wide-body orders, are supporting the view that Boeing could benefit from stronger future demand. China Considering Further Aircraft Purchases, Boeing Stock (NYSE:BA) Jumps
• Neutral Sentiment: Analyst commentary continues to highlight Boeing’s improving delivery momentum and large commercial backlog, which supports the long-term outlook but does not appear to be a direct catalyst today. Can Boeing’s Commercial Aircraft Delivery Momentum Lift Performance?
• Negative Sentiment: A German investigation has been opened into the Boeing 787 nose-gear collapse in Frankfurt, and reports say several workers were injured, adding to safety concerns around the 787 program. German investigators launch probe into Boeing 787 incident in Frankfurt
• Negative Sentiment: Separate reports on the Frankfurt 787 incident and the resulting injuries are likely weighing on sentiment because they revive concerns about Boeing’s quality-control and reliability record. Several injured in Boeing 787 nose-gear collapse in Frankfurt
• Negative Sentiment: Even with the production and delivery updates, Boeing shares are also being pressured by a broader market rotation away from riskier names, helping explain why the stock is under pressure despite the company-specific positives. What’s Going On With Boeing Stock Friday?

Boeing Trading Down 0.8%

BA opened at $215.72 on Friday. The stock has a market capitalization of $170.05 billion, a PE ratio of 104.72 and a beta of 1.19. The firm’s fifty day moving average price is $220.80 and its 200 day moving average price is $220.31. The company has a debt-to-equity ratio of 7.42, a current ratio of 1.18 and a quick ratio of 0.35. The Boeing Company has a 12-month low of $176.77 and a 12-month high of $254.35.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share (EPS) 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 analyst estimates of $22.15 billion. The company’s revenue was up 14.0% on a year-over-year basis. During the same period in the prior year, the company earned ($0.49) earnings per share. As a group, research analysts expect 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.