The Boeing Company $BA Holdings Raised by QRG Capital Management Inc.

QRG Capital Management Inc. raised its stake in shares of The Boeing Company (NYSE:BA) by 22.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 103,905 shares of the aircraft producer’s stock after buying an additional 19,168 shares during the period. QRG Capital Management Inc.’s holdings in Boeing were worth $20,680,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Revolve Wealth Partners LLC bought a new stake in shares of Boeing in the 4th quarter worth $201,000. Sivia Capital Partners LLC boosted its position in shares of Boeing by 16.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,529 shares of the aircraft producer’s stock valued at $320,000 after purchasing an additional 217 shares in the last quarter. AXA S.A. raised its holdings in shares of Boeing by 1,225.7% in the 2nd 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 in the last quarter. Ieq Capital LLC boosted its holdings in 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 buying an additional 23,746 shares in the last quarter. Finally, Alliancebernstein L.P. increased its holdings in shares of Boeing by 4.2% in the second quarter. Alliancebernstein L.P. now owns 1,334,451 shares of the aircraft producer’s stock valued at $279,608,000 after buying an additional 53,736 shares in the last quarter. 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: Investors continue to focus on Boeing’s recent commercial and defense wins, including a large China Southern order, a Lufthansa-related 787-9 sale-and-leaseback deal, and a new Space Force award that adds visibility to its backlog and cash-flow outlook. The Odds of a Third Strike at Boeing (NYSE:BA)
• Positive Sentiment: Analysts and market commentary point to improving commercial deliveries, a strong defense backlog, and institutional buying as reasons investors have been more constructive on Boeing stock recently. Boeing (BA) Stock Climbs on China Southern Order and Strong Institutional Interest
• Neutral Sentiment: Industry coverage also highlights continued long-term demand for large commercial jets, with Boeing still positioned in a duopoly as investors weigh competition from Airbus and emerging aircraft makers. Global Jetliner Market Analysis: Evaluating Commercial Jet Trends and Forecasts
• Negative Sentiment: Boeing said an unplanned IT outage disrupted factory work across its Washington-to-Florida manufacturing network on the final day of the quarter, raising concerns about execution, production timing, and near-term operational efficiency. Boeing Says ‘Unplanned IT Outage’ Hit Computer Systems as Factory Work From Washington to Florida was Disrupted
• Negative Sentiment: Separate coverage noted a lawsuit involving Boeing-owned Wisk Aero, where a former manager alleges retaliation after raising safety concerns, adding another reputational and legal overhang. Boeing-owned Wisk Aero accused of firing manager who raised safety concerns

Analyst Upgrades and Downgrades

BA has been the topic of a number of recent analyst reports. Weiss Ratings lowered Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, April 24th. Citigroup upped their price target 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. Wells Fargo & Company assumed coverage on Boeing in a report on Wednesday, April 1st. They issued an “overweight” rating and a $250.00 target price for the company. Morgan Stanley upped their price target on Boeing from $245.00 to $250.00 and gave the company an “equal weight” rating in a research report on Thursday, April 23rd. Finally, Tigress Financial lifted their target price on 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, fourteen have issued a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $261.61.

Boeing Price Performance

Shares of BA opened at $226.18 on Friday. 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 has a market cap of $178.30 billion, a PE ratio of 109.80 and a beta of 1.21. The Boeing Company has a twelve month low of $176.77 and a twelve month high of $254.35. The firm’s 50 day moving average price is $223.60 and its 200 day moving average price is $224.12.

Boeing (NYSE:BA) last released its quarterly earnings data 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 business had revenue of $22.22 billion during the quarter, compared to analyst estimates of $22.15 billion. During the same period in the previous year, the firm posted ($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 -0.15 EPS for the current fiscal year.

Insider Buying and Selling at Boeing

In other news, Director Bradley D. Tilden bought 1,370 shares of the stock in a transaction that occurred on Wednesday, May 20th. The shares were acquired at an average cost of $218.50 per share, for a total transaction of $299,345.00. Following the purchase, the director owned 1,370 shares of the company’s stock, valued at $299,345. This represents a ? increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.10% of the company’s stock.

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.