SCS Capital Management LLC Has $8.79 Million Stake in The Boeing Company $BA

SCS Capital Management LLC boosted its holdings in The Boeing Company (NYSE:BA) by 30.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 40,463 shares of the aircraft producer’s stock after purchasing an additional 9,549 shares during the quarter. SCS Capital Management LLC’s holdings in Boeing were worth $8,785,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Purus Wealth Management LLC increased its holdings in Boeing by 3.6% in the 4th quarter. Purus Wealth Management LLC now owns 1,177 shares of the aircraft producer’s stock valued at $256,000 after buying an additional 41 shares during the period. West Wealth Group LLC increased its holdings in Boeing by 0.6% in the 4th quarter. West Wealth Group LLC now owns 7,279 shares of the aircraft producer’s stock valued at $1,581,000 after buying an additional 42 shares during the period. First Heartland Consultants Inc. increased its holdings in Boeing by 1.1% in the 4th quarter. First Heartland Consultants Inc. now owns 4,062 shares of the aircraft producer’s stock valued at $882,000 after buying an additional 43 shares during the period. Global Financial Private Client LLC increased its holdings in Boeing by 1.1% in the 4th quarter. Global Financial Private Client LLC now owns 4,025 shares of the aircraft producer’s stock valued at $874,000 after buying an additional 44 shares during the period. Finally, North Star Investment Management Corp. increased its holdings in Boeing by 1.6% in the 4th quarter. North Star Investment Management Corp. now owns 2,833 shares of the aircraft producer’s stock valued at $615,000 after buying an additional 44 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Key Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: The FAA appears to be clearing the way for Boeing to move toward a 47-per-month production rate for the 737 MAX, signaling improving confidence in the company’s manufacturing stability and certification progress. 777X in 2027? FAA Suggests So, as Boeing Stock (NYSE:BA) Rises
• Positive Sentiment: CEO Kelly Ortberg said the 737 production ramp is stabilizing and that certification efforts are intensifying, reinforcing the view that Boeing is making operational progress after years of setbacks. Boeing CEO says 737 production ramp is stabilizing as certification push intensifies
• Positive Sentiment: Reports that China agreed to buy 200 Boeing aircraft continue to support the stock, with management describing the deal as only an initial tranche of potentially larger orders. Boeing CEO says 200-jet China deal an ‘initial tranche’ with more to come
• Positive Sentiment: Boeing also won an $854.7 million contract modification for P-8A aircraft for foreign military sales, adding to its defense backlog and helping offset commercial aircraft volatility. The Boeing Company wins $854.7M modification for P-8A aircraft for FMS
• Neutral Sentiment: A broader industry note said aerospace stocks are benefiting from an aftermarket rebound, which could provide a supportive backdrop for Boeing but does not directly change company fundamentals. 3 Aerospace Stocks Ready to Ride the Aftermarket Rebound
• Neutral Sentiment: Boeing’s SkyGrid unit announced new partnerships in U-space and advanced air mobility, which expands long-term optionality but is not likely to drive near-term stock moves. Boeing’s SkyGrid Moves Into U Space And Advanced Air Mobility

Boeing Trading Down 0.2%

Shares of Boeing stock opened at $230.75 on Monday. The firm has a market capitalization of $181.90 billion, a PE ratio of 112.01 and a beta of 1.20. 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 firm’s 50 day moving average is $218.89 and its 200 day moving average is $219.71. The Boeing Company has a 1 year low of $176.77 and a 1 year high of $254.35.

Boeing (NYSE:BA) last announced 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 for the quarter, compared to the consensus estimate of $22.15 billion. The company’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same period last year, the firm posted ($0.49) earnings per share. Equities research analysts forecast that The Boeing Company will post -0.15 earnings per share for the current fiscal year.

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 bought at an average cost of $218.50 per share, with a total value of $299,345.00. Following the acquisition, the director owned 1,370 shares of the company’s stock, valued at $299,345. This trade represents a ? increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Mortimer J. Buckley purchased 2,230 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were bought at an average cost of $224.20 per share, for a total transaction of $499,966.00. Following the completion of the acquisition, the director directly owned 4,430 shares in the company, valued at $993,206. The trade was a 101.36% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on BA shares. Jefferies Financial Group reissued a “buy” rating on shares of Boeing in a report on Wednesday, March 4th. Wolfe Research reissued an “outperform” rating and issued a $275.00 target price on shares of Boeing in a report on Thursday, April 23rd. Wells Fargo & Company started coverage on shares of Boeing in a report on Wednesday, April 1st. They issued an “overweight” rating and a $250.00 target price on the stock. Argus raised shares of Boeing to a “hold” rating in a report on Monday, February 2nd. Finally, Tigress Financial raised their target price on shares of Boeing from $290.00 to $295.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Two 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 stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $259.80.

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.