The Boeing Company $BA Stock Position Raised by Lifeworks Advisors LLC

Lifeworks Advisors LLC boosted its holdings in shares of The Boeing Company (NYSE:BA) by 139.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,885 shares of the aircraft producer’s stock after acquiring an additional 2,849 shares during the quarter. Lifeworks Advisors LLC’s holdings in Boeing were worth $972,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of BA. Measured Wealth Private Client Group LLC acquired a new position in Boeing during the third quarter valued at approximately $25,000. Strive Financial Group LLC acquired a new position in shares of Boeing during the 4th quarter worth about $25,000. CrossGen Wealth LLC bought a new stake in Boeing during the 4th quarter valued at approximately $26,000. Ares Financial Consulting LLC acquired a new stake in Boeing in the 4th quarter valued at approximately $26,000. Finally, 1 North Wealth Services LLC bought a new position in Boeing in the 4th quarter worth approximately $27,000. 64.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

BA has been the subject of several research reports. Wolfe Research reissued an “outperform” rating and issued a $275.00 price objective on shares of Boeing in a research report on Thursday, April 23rd. Wells Fargo & Company assumed 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. Tigress Financial raised their price target on shares of Boeing from $290.00 to $295.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Citigroup upped their price objective on shares of Boeing from $256.00 to $260.00 and gave the company a “buy” rating in a research report on Monday, May 18th. Finally, Weiss Ratings downgraded Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, April 24th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $261.61.

Boeing Price Performance

Shares of Boeing stock opened at $215.74 on Tuesday. The firm has a market cap of $170.07 billion, a P/E ratio of 104.73 and a beta of 1.21. The firm’s 50-day simple moving average is $223.01 and its 200-day simple moving average is $224.83. The Boeing Company has a twelve month low of $176.77 and a twelve month high of $254.35. The company has a debt-to-equity ratio of 7.42, a quick ratio of 0.35 and a current ratio of 1.18.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) EPS for the quarter, topping analysts’ consensus estimates of ($0.68) by $0.48. The business 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 business earned ($0.49) EPS. The firm’s revenue for the quarter was up 14.0% on a year-over-year basis. As a group, research analysts expect that The Boeing Company will post -0.1 EPS for the current fiscal year.

Key Stories Impacting Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Saudi carrier Riyadh Air is reportedly considering a large follow-on order for 25-30 more Boeing 787 Dreamliners, which would reinforce demand for Boeing’s widebody jets ahead of the Farnborough Airshow. Riyadh Air studies order for 25-30 more Boeing 787s, sources say
• Positive Sentiment: Boeing is highlighting its commercial, defense, and services portfolio at Farnborough, including the 777X, MQ-28 Ghost Bat, Chinook, and T-7 programs, which could help build customer confidence and support future sales. Boeing to Showcase Global Programs and Partnerships at Farnborough International Airshow
• Positive Sentiment: Analysts also pointed to Trump’s expanded defense spending push as a potential long-term benefit for Boeing’s defense business. Trump’s Trillion?Dollar Defense Push Could Be a Boon for Lockheed, RTX, Boeing and Northrop
• Neutral Sentiment: Boeing’s Farnborough presentation is being framed as an opportunity to “continue building trust,” suggesting the company is still in reputation-repair mode as it works to reassure customers and investors. ‘An Opportunity to Continue Building Trust,’ Boeing Stock (NYSE:BA) Slides as it Prepares for Farnborough Show
• Negative Sentiment: Two British Airways Boeing 777 flights bound for the U.S. reportedly turned back within two days because of technical issues, adding to concerns about reliability across Boeing’s aging fleet. Aging Fleet: 2 US-Bound British Airways Boeing 777s Turn Back With Tech Issues In 2 Days
• Negative Sentiment: Broader market headlines about renewed U.S.-Iran conflict fears and potential disruption in the Strait of Hormuz may also be weighing on risk sentiment for industrial and defense names. S&P 500, Nasdaq, Dow End Lower As US-Iran War Fear Remerges

Insider Activity at Boeing

In related news, Director Bradley D. Tilden purchased 1,370 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were acquired at an average price of $218.50 per share, with a total value of $299,345.00. Following the purchase, the director directly owned 1,370 shares in the company, valued at $299,345. This represents a ? increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.10% of the stock is owned by company insiders.

Boeing 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.