Leeward Financial Partners LLC Has $457,000 Holdings in The Boeing Company $BA

Key Points

• Leeward Financial Partners cut its Boeing stake by 72.1% in the fourth quarter, selling 5,433 shares and ending with 2,104 shares valued at about $457,000.
• Institutional interest in Boeing remains high, with hedge funds and other large investors owning 64.82% of the stock. Several firms increased positions, while analysts overall still rate Boeing as a Moderate Buy with an average price target of $259.80.
• Boeing is seeing improving operating momentum, as the FAA capstone review allowed 737 MAX production to rise to 47 jets per month, and the agency expects certification for the MAX 7 this summer and the MAX 10 later this year.

Leeward Financial Partners LLC lowered its position in shares of The Boeing Company (NYSE:BA - Free Report) by 72.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,104 shares of the aircraft producer's stock after selling 5,433 shares during the quarter. Leeward Financial Partners LLC's holdings in Boeing were worth $457,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in BA. Fisher Asset Management LLC grew its position in Boeing by 3.3% during the third quarter. Fisher Asset Management LLC now owns 5,505,040 shares of the aircraft producer's stock valued at $1,188,153,000 after purchasing an additional 177,597 shares in the last quarter. Russell Investments Group Ltd. grew its position in Boeing by 41.1% during the third quarter. Russell Investments Group Ltd. now owns 223,824 shares of the aircraft producer's stock valued at $48,316,000 after purchasing an additional 65,216 shares in the last quarter. Princeton Capital Management LLC grew its position in Boeing by 78.3% in the fourth quarter. Princeton Capital Management LLC now owns 12,249 shares of the aircraft producer's stock worth $2,660,000 after acquiring an additional 5,381 shares in the last quarter. Granite Investment Partners LLC grew its position in Boeing by 1,984.0% in the third quarter. Granite Investment Partners LLC now owns 31,448 shares of the aircraft producer's stock worth $6,787,000 after acquiring an additional 29,939 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. bought a new stake in Boeing in the fourth quarter worth approximately $55,787,000. Institutional investors and hedge funds own 64.82% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on BA. Wells Fargo & Company began coverage on shares of Boeing in a research report on Wednesday, April 1st. They issued an "overweight" rating and a $250.00 target price for the company. TD Cowen reissued a "buy" rating on shares of Boeing in a research report on Wednesday, January 28th. Royal Bank Of Canada boosted their target price on shares of Boeing from $265.00 to $275.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 28th. Morgan Stanley boosted their target price on shares of Boeing from $245.00 to $250.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 23rd. Finally, JPMorgan Chase & Co. boosted their target price on shares of Boeing from $245.00 to $270.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 28th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Boeing currently has an average rating of "Moderate Buy" and an average price target of $259.80.

Insiders Place Their Bets

In other news, Director Bradley D. Tilden acquired 1,370 shares of Boeing stock in a transaction dated 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 purchase, the director owned 1,370 shares of the company's stock, valued at $299,345. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Mortimer J. Buckley bought 2,230 shares of the business'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 completion of the purchase, the director owned 4,430 shares in the company, valued at approximately $993,206. The trade was a 101.36% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.10% of the stock is currently owned by insiders.

Boeing News Roundup

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing CEO Kelly Ortberg said the company completed an FAA capstone review, allowing 737 MAX production to increase from 42 jets a month to 47. Investors view this as a key step toward normalizing output and improving cash flow. Article Title
• Positive Sentiment: The FAA also said it expects Boeing’s 737 MAX 7 to be certified this summer and the MAX 10 before year-end, which could further support future production and deliveries. Article Title
• Positive Sentiment: Ortberg also said Boeing aims to eventually balance 737 inventory at 52 aircraft per month, signaling confidence that the narrowbody business can keep ramping beyond the newly approved rate. Article Title
• Positive Sentiment: Reports that China recently committed to purchase 200 Boeing aircraft add another demand tailwind, helping improve the outlook for commercial orders. Article Title
• Neutral Sentiment: Boeing’s presentation at the Bernstein Strategic Decisions Conference kept the stock in focus, but the main market-moving information was the production and certification progress rather than the transcript itself. Article Title
• Negative Sentiment: Recent headlines about Boeing losing some NASA and Italy-related business and competition-related losses to SpaceX are a reminder that the company still faces competitive and contract risk, even as near-term sentiment improves. Article Title

Boeing Price Performance

Shares of Boeing stock opened at $224.36 on Thursday. The firm has a fifty day simple moving average of $218.03 and a 200-day simple moving average of $219.21. 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 Boeing Company has a 1-year low of $176.77 and a 1-year high of $254.35. The stock has a market capitalization of $176.86 billion, a price-to-earnings ratio of 108.91 and a beta of 1.21.

Boeing (NYSE:BA - Get Free Report) last issued its quarterly earnings data on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share for the quarter, topping analysts' consensus estimates of ($0.68) by $0.48. The firm had revenue of $22.22 billion during the quarter, compared to analyst estimates of $22.15 billion. During the same quarter in the previous year, the firm posted ($0.49) earnings per share. Boeing's quarterly revenue was up 14.0% compared to the same quarter last year. On average, sell-side analysts expect that The Boeing Company will post -0.15 earnings per share for the current year.

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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