Allen Investment Management LLC Purchases 362,047 Shares of The Boeing Company $BA

Key Points

• Allen Investment Management boosted its Boeing stake by 59.7% in the fourth quarter, buying 362,047 more shares and bringing its total to 968,500 shares valued at about $210.3 million.
• Boeing’s latest quarterly results topped expectations, with EPS of ($0.20) versus the expected ($0.68) loss and revenue of $22.22 billion, up 14% year over year.
• Analyst sentiment remains generally constructive despite mixed ratings: Boeing has a Moderate Buy consensus and an average target price of $259.80, though some firms have recently lowered their ratings.

Allen Investment Management LLC increased its position in The Boeing Company (NYSE:BA - Free Report) by 59.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 968,500 shares of the aircraft producer's stock after buying an additional 362,047 shares during the period. Boeing accounts for about 2.3% of Allen Investment Management LLC's investment portfolio, making the stock its 12th biggest position. Allen Investment Management LLC owned about 0.12% of Boeing worth $210,281,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Measured Wealth Private Client Group LLC bought a new position in Boeing during the third quarter valued at $25,000. Ares Financial Consulting LLC bought a new stake in shares of Boeing during the fourth quarter worth $26,000. Strategic Wealth Advisors LLC purchased a new stake in shares of Boeing during the fourth quarter valued at $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Boeing during the fourth quarter valued at $28,000. Finally, American National Bank & Trust grew its holdings in shares of Boeing by 124.2% in the fourth quarter. American National Bank & Trust now owns 139 shares of the aircraft producer's stock worth $30,000 after purchasing an additional 77 shares during the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Trading Down 2.9%

Shares of Boeing stock opened at $224.45 on Tuesday. The Boeing Company has a 1 year low of $176.77 and a 1 year high of $254.35. 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 stock has a market cap of $176.94 billion, a PE ratio of 108.96 and a beta of 1.21. The firm has a fifty day moving average price of $219.35 and a 200 day moving average price of $219.91.

Boeing (NYSE:BA - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $22.22 billion for the quarter, compared to analyst estimates of $22.15 billion. During the same period in the previous year, the business earned ($0.49) EPS. Boeing's revenue for the quarter was up 14.0% compared to the same quarter last year. Equities research analysts predict that The Boeing Company will post -0.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on BA shares. Tigress Financial boosted their price objective on shares of Boeing from $290.00 to $295.00 and gave the company a "buy" rating in a research report on Wednesday, April 29th. Jefferies Financial Group reaffirmed a "buy" rating on shares of Boeing in a research note on Wednesday, March 4th. Wells Fargo & Company assumed coverage on Boeing in a report on Wednesday, April 1st. They issued an "overweight" rating and a $250.00 price target for the company. Argus upgraded shares of Boeing to a "hold" rating in a report on Monday, February 2nd. Finally, Weiss Ratings cut shares of Boeing from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Friday, April 24th. Two 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 given a Sell rating to the company's stock. According to MarketBeat.com, Boeing has a consensus rating of "Moderate Buy" and an average target price of $259.80.

Key Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing said its MQ-28 Ghost Bat unmanned aircraft successfully completed stealth/low-radar-cross-section validation testing, reinforcing progress in its military aircraft and autonomous systems business. Boeing says Ghost Bat completes stealth validation testing
• Positive Sentiment: Reports also point to Boeing’s improving production outlook, including FAA clearance to ramp 737 MAX output and hopes that China could convert a prior commitment into firm orders, which would support deliveries and cash flow. Trump Put Boeing Back In The China Game — And Now The Stock Is Racing Toward A Golden Cross
• Neutral Sentiment: Industry coverage continues to frame Kelly Ortberg’s turnaround effort as a long-term rebuild focused on improving quality and execution rather than chasing short-term Wall Street expectations. Stock Market Today: Dow Up As Trump Says This On Iran; AI Stocks Pop On Anthropic IPO Move (Live Coverage)
• Negative Sentiment: Despite the operational progress, Boeing stock is getting some pressure from market commentary noting that shares have lagged the broader market over the past year, while recent trading has also been influenced by a weaker overall Dow and risk-off sentiment tied to geopolitical headlines. Boeing Stock NYSE: BA Falls as MQ-28 Gets Validated

Insider Transactions at Boeing

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

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.

Want to see what other hedge funds are holding BA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Boeing Company (NYSE:BA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.