National Pension Service Raises Holdings in The Boeing Company $BA

Key Points

• National Pension Service increased its Boeing stake by 2.9% in the fourth quarter, ending with 1,572,206 shares worth about $341.4 million.
• Several other institutional investors also added to or initiated positions, and 64.82% of Boeing’s stock is now held by hedge funds and other institutional investors.
• Boeing received a series of operational and contract boosts, including FAA approval to raise 737 MAX production to 47 jets per month, progress on MAX certification, a reported 200-aircraft China deal, and an $854.7 million defense contract modification.

National Pension Service grew its position in The Boeing Company (NYSE:BA - Free Report) by 2.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,572,206 shares of the aircraft producer's stock after buying an additional 43,983 shares during the quarter. National Pension Service owned 0.20% of Boeing worth $341,357,000 at the end of the most recent reporting period.

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

Insider Activity at Boeing

In other news, Director Bradley D. Tilden bought 1,370 shares of the stock in a transaction on Wednesday, May 20th. The stock was bought 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 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mortimer J. Buckley bought 2,230 shares of the stock in a transaction on Tuesday, March 3rd. The stock was purchased 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 of the company's stock, valued at $993,206. This represents 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 owned by company insiders.

More Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: The FAA cleared Boeing to raise 737 MAX production to 47 jets per month, a key milestone that supports higher deliveries, revenue recognition, and free cash flow. FAA expects Boeing MAX 7 to be certified this summer, sees more production hikes
• Positive Sentiment: CEO Kelly Ortberg said Boeing’s 737 production ramp is stabilizing and that certification progress on the MAX 7 and MAX 10 could unlock additional volume later this year. Boeing CEO says 200-jet China deal an 'initial tranche' with more to come
• Positive Sentiment: Boeing also highlighted a reported 200-aircraft China commitment as an “initial tranche,” suggesting additional orders could follow and improving visibility for commercial demand. The Boeing Company (BA) Secures 200-Aircraft Agreement With China
• Positive Sentiment: The company won an $854.7 million modification for P-8A aircraft for foreign military sales, adding to its defense backlog and supporting the view that defense demand remains solid. The Boeing Company wins $854.7M modification for P-8A aircraft for FMS
• Neutral Sentiment: Market commentary continues to focus on Boeing’s larger challenge: scaling jet production reliably while managing supply-chain constraints, especially around engines and parts. China Doesn’t Matter for Boeing. This Does.
• Neutral Sentiment: Analysts and investors are also watching whether Boeing can convert these production gains into sustained cash flow improvement and reach higher output targets over the next year. Boeing Shares Rise As FAA Clears Path Toward 47 Max Jets Monthly

Boeing Price Performance

Shares of BA opened at $228.97 on Friday. The company has a market cap of $180.50 billion, a price-to-earnings ratio of 111.15 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 company has a quick ratio of 0.35, a current ratio of 1.18 and a debt-to-equity ratio of 7.42. The company has a 50 day moving average of $218.39 and a two-hundred day moving average of $219.45.

Boeing (NYSE:BA - Get Free Report) last announced its earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share for the quarter, beating the consensus estimate 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. Boeing's revenue was up 14.0% on a year-over-year basis. During the same quarter last year, the business earned ($0.49) earnings per share. As a group, analysts predict that The Boeing Company will post -0.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

BA has been the subject of several recent research reports. Weiss Ratings lowered Boeing from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Friday, April 24th. Wolfe Research restated an "outperform" rating and set a $275.00 price objective on shares of Boeing in a research note on Thursday, April 23rd. Wells Fargo & Company started coverage on Boeing in a research note on Wednesday, April 1st. They set an "overweight" rating and a $250.00 price objective for the company. Morgan Stanley upped their price objective on Boeing from $245.00 to $250.00 and gave the stock an "equal weight" rating in a research note on Thursday, April 23rd. Finally, Argus upgraded Boeing to a "hold" rating in a research note on Monday, February 2nd. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Boeing presently has an average rating of "Moderate Buy" and an average price target of $259.80.

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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