Birinyi Associates Inc. Purchases Shares of 15,600 The Boeing Company $BA

Key Points

• Birinyi Associates opened a new position in Boeing during the first quarter, buying 15,600 shares valued at about $3.1 million. Boeing now makes up roughly 0.8% of the fund’s portfolio.
• Other institutional investors also added modest amounts of Boeing stock, and hedge funds and institutions now own 64.82% of the company’s shares. One director, Bradley D. Tilden, also recently bought 1,370 shares.
• Boeing’s latest quarter showed improvement, with EPS of -$0.20 beating estimates and revenue of $22.22 billion topping expectations. Analysts currently rate the stock a Moderate Buy with a consensus price target of $261.61.

Birinyi Associates Inc. purchased a new position in shares of The Boeing Company (NYSE:BA - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 15,600 shares of the aircraft producer's stock, valued at approximately $3,105,000. Boeing comprises about 0.8% of Birinyi Associates Inc.'s portfolio, making the stock its 22nd largest position.

Several other large investors also recently bought and sold shares of BA. Purus Wealth Management LLC lifted its holdings in shares of Boeing by 3.6% during the fourth quarter. Purus Wealth Management LLC now owns 1,177 shares of the aircraft producer's stock worth $256,000 after purchasing an additional 41 shares during the period. West Wealth Group LLC raised its stake in shares of Boeing by 0.6% during 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 last quarter. First Heartland Consultants Inc. grew its holdings in Boeing by 1.1% during the fourth quarter. First Heartland Consultants Inc. now owns 4,062 shares of the aircraft producer's stock worth $882,000 after acquiring an additional 43 shares during the period. XML Financial LLC increased its stake in shares of Boeing by 0.5% in the 4th quarter. XML Financial LLC now owns 8,905 shares of the aircraft producer's stock valued at $1,933,000 after purchasing an additional 43 shares in the last quarter. Finally, Global Financial Private Client LLC raised 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 worth $874,000 after purchasing an additional 44 shares during the period. Hedge funds and other institutional investors own 64.82% of the company's stock.

More Boeing News

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

Boeing Stock Performance

NYSE BA opened at $215.74 on Tuesday. The Boeing Company has a fifty-two week low of $176.77 and a fifty-two week high of $254.35. The firm has a market capitalization of $170.07 billion, a P/E ratio of 104.73 and a beta of 1.21. The stock's fifty day moving average is $223.01 and its two-hundred day moving average is $224.83. 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 - Get Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.68) by $0.48. The firm had revenue of $22.22 billion during the quarter, compared to analysts' expectations 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 in the prior year, the company posted ($0.49) EPS. On average, research analysts anticipate that The Boeing Company will post -0.1 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Citigroup upped their target price on Boeing from $256.00 to $260.00 and gave the stock a "buy" rating in a research note on Monday, May 18th. Morgan Stanley lifted their price objective on Boeing from $245.00 to $250.00 and gave the stock an "equal weight" rating in a report on Thursday, April 23rd. Wolfe Research reaffirmed an "outperform" rating and issued a $275.00 price target on shares of Boeing in a research note on Thursday, April 23rd. Weiss Ratings cut Boeing from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Friday, April 24th. Finally, Tigress Financial raised their price objective on Boeing from $290.00 to $295.00 and gave the company a "buy" rating in a report on Wednesday, April 29th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, Boeing presently has a consensus rating of "Moderate Buy" and a consensus price target of $261.61.

Insiders Place Their Bets

In related news, Director Bradley D. Tilden purchased 1,370 shares of the company's stock in a transaction on Wednesday, May 20th. The stock was acquired at an average cost of $218.50 per share, for a total transaction of $299,345.00. Following the completion of the transaction, the director directly owned 1,370 shares in the company, valued at approximately $299,345. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 0.10% of the stock is currently 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.

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