Employees Retirement System of Texas Has $102 Million Position in The Boeing Company $BA

Key Points

• Employees Retirement System of Texas increased its Boeing stake 13.8% to 472,601 shares worth $102,001,000, representing about 0.8% of the fund's portfolio and its 25th-largest holding.
• Boeing disclosed wiring damage on undelivered 737 MAX jets that requires inspections and rework and could cause near-term delivery delays and cash/timing pressure, while separate KC-46 tanker quality concerns add execution risk for defense programs despite recent contract wins.
• The company reported a blowout quarter (EPS $9.92, revenue $23.95B, +57.1% year-over-year), yet the stock trades at a high P/E (~101.9) and carries a consensus rating of "Moderate Buy" with an average price target of $246.14.

Employees Retirement System of Texas raised its holdings in shares of The Boeing Company (NYSE:BA - Free Report) by 13.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 472,601 shares of the aircraft producer's stock after purchasing an additional 57,155 shares during the quarter. Boeing accounts for approximately 0.8% of Employees Retirement System of Texas' portfolio, making the stock its 25th largest position. Employees Retirement System of Texas owned about 0.06% of Boeing worth $102,001,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Boeing by 1.1% during the third quarter. Vanguard Group Inc. now owns 67,529,417 shares of the aircraft producer's stock valued at $14,574,874,000 after buying an additional 756,057 shares during the last quarter. Newport Trust Company LLC raised its holdings in shares of Boeing by 2.5% in the 3rd quarter. Newport Trust Company LLC now owns 29,198,446 shares of the aircraft producer's stock worth $6,301,901,000 after acquiring an additional 707,490 shares during the last quarter. Fisher Asset Management LLC lifted its position in Boeing by 3.3% in the 3rd quarter. Fisher Asset Management LLC now owns 5,505,040 shares of the aircraft producer's stock valued at $1,188,153,000 after acquiring an additional 177,597 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Boeing by 1.1% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 4,242,397 shares of the aircraft producer's stock valued at $888,910,000 after purchasing an additional 44,338 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in Boeing by 7.1% during the 3rd quarter. Legal & General Group Plc now owns 3,369,615 shares of the aircraft producer's stock valued at $727,264,000 after purchasing an additional 223,995 shares during 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: February deliveries hit a nine-year high and outpaced Airbus, showing production progress and demand momentum. Boeing Logs Best February Deliveries Since 2017. There's One Problem.
• Positive Sentiment: Boeing won a sizable defense/aircraft contract (including a new Israel deal), supporting future revenue from government programs. Boeing Stock NYSE: BA Slips Despite Huge New Israel Deal
• Neutral Sentiment: Analysts remain broadly positive with multiple buy/overweight ratings and price targets well above current levels, which supports medium-term upside but hasn't offset short-term concerns. Boeing Stock NYSE: BA Slips Despite Huge New Israel Deal
• Neutral Sentiment: Boeing says the 737 MAX wiring issue is not expected to change its broader 2026 delivery ambitions, but timing uncertainty remains. Boeing shares fall as 737 MAX wiring rework raises risk of near-term delivery delays
• Negative Sentiment: Newly disclosed wiring damage on undelivered 737 MAX jets requires inspections and rework, creating risk of near-term delivery delays and pressuring cash flow/timing expectations. Boeing Shares Lower As Rework On 737 MAX Jets Could Delay Deliveries
• Negative Sentiment: Quality concerns extend to defense programs: a senior USAF general said Boeing must fix ongoing KC-46 tanker problems before the U.S. orders more, raising program and revenue execution risk. USAF general says Boeing has to fix tanker problems before US orders more
• Negative Sentiment: Market reaction has been amplified by lingering investor skepticism about recurring quality control issues; the stock has given back recent gains and is trading with heavy volume below its 50-day moving average. Investors Are Betting on Boeing’s Turnaround Even as Quality Questions Linger

Boeing Price Performance

Shares of NYSE BA opened at $204.90 on Friday. The company has a market capitalization of $160.92 billion, a PE ratio of 101.94 and a beta of 1.14. The company has a quick ratio of 0.40, a current ratio of 1.19 and a debt-to-equity ratio of 8.37. The stock's 50 day moving average price is $235.53 and its 200-day moving average price is $219.51. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $254.35.

Boeing (NYSE:BA - Get Free Report) last issued its quarterly earnings results on Tuesday, January 27th. The aircraft producer reported $9.92 EPS for the quarter, beating analysts' consensus estimates of ($0.40) by $10.32. The business had revenue of $23.95 billion for the quarter, compared to analysts' expectations of $22.41 billion. The business's revenue was up 57.1% compared to the same quarter last year. During the same period in the previous year, the business posted ($5.90) earnings per share. On average, equities analysts anticipate that The Boeing Company will post -2.58 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Howard E. Mckenzie sold 10,497 shares of the stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $233.99, for a total transaction of $2,456,193.03. Following the completion of the transaction, the executive vice president owned 14,692 shares in the company, valued at approximately $3,437,781.08. This represents a 41.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mortimer J. Buckley acquired 2,230 shares of the firm's stock in a transaction that occurred on Tuesday, March 3rd. The shares were bought at an average price of $224.20 per share, with a total value of $499,966.00. Following the acquisition, the director directly owned 4,430 shares of the company's stock, valued at $993,206. The trade was a 101.36% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders sold 21,012 shares of company stock valued at $4,980,687. 0.09% of the stock is owned by company insiders.

Analyst Ratings Changes

BA has been the subject of several analyst reports. Argus raised Boeing to a "hold" rating in a research note on Monday, February 2nd. Wolfe Research reaffirmed an "outperform" rating on shares of Boeing in a research report on Tuesday, January 27th. The Goldman Sachs Group reiterated a "buy" rating on shares of Boeing in a report on Tuesday, December 9th. Morgan Stanley set a $245.00 price objective on Boeing in a research note on Wednesday, January 28th. Finally, Royal Bank Of Canada raised their price objective on Boeing from $265.00 to $275.00 and gave the company an "outperform" rating in a research note on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $246.14.

Boeing Company 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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