Patton Fund Management Inc. Has $2.23 Million Stock Position in The Boeing Company $BA

Key Points

• Patton Fund Management raised its Boeing stake by 734.4% in Q3, acquiring an additional 9,085 shares to hold 10,322 shares valued at about $2.23 million.
• Boeing reported Q3 EPS of ($7.47), missing the consensus of ($0.51) while revenue rose 30.4% to $23.27 billion; analysts maintain a "Moderate Buy" consensus with a $233.17 average target and a fiscal‑year EPS forecast of -2.58.
• Insider activity included EVP Uma M. Amuluru selling 1,366 shares at $197.66 and SVP Dana S. Deasy buying 554 shares at $178.88; about 64.82% of Boeing is held by institutional investors while insiders own 0.09%.

Patton Fund Management Inc. lifted its position in The Boeing Company (NYSE:BA - Free Report) by 734.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,322 shares of the aircraft producer's stock after acquiring an additional 9,085 shares during the quarter. Patton Fund Management Inc.'s holdings in Boeing were worth $2,228,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Harbor Asset Planning Inc. acquired a new stake in shares of Boeing in the second quarter worth $25,000. Piscataqua Savings Bank boosted its position in Boeing by 1,712.5% during the 2nd quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer's stock worth $30,000 after acquiring an additional 137 shares during the period. Howard Hughes Medical Institute purchased a new position in Boeing during the 2nd quarter valued at about $34,000. Decker Retirement Planning Inc. acquired a new position in shares of Boeing in the 2nd quarter valued at about $35,000. Finally, IMG Wealth Management Inc. lifted its position in shares of Boeing by 159.4% in the second quarter. IMG Wealth Management Inc. now owns 179 shares of the aircraft producer's stock worth $38,000 after purchasing an additional 110 shares in the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Boeing

In other news, EVP Uma M. Amuluru sold 1,366 shares of Boeing stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $197.66, for a total value of $270,003.56. Following the transaction, the executive vice president owned 14,656 shares of the company's stock, valued at $2,896,904.96. This trade represents a 8.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Dana S. Deasy acquired 554 shares of Boeing stock in a transaction dated Monday, November 24th. The stock was purchased at an average price of $178.88 per share, with a total value of $99,099.52. Following the completion of the purchase, the senior vice president directly owned 28,442 shares of the company's stock, valued at $5,087,704.96. The trade was a 1.99% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 0.09% of the company's stock.

Boeing Trading Up 1.3%

BA stock opened at $216.88 on Tuesday. The firm has a market cap of $164.84 billion, a PE ratio of -15.85 and a beta of 1.18. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $242.69. The company has a fifty day simple moving average of $201.78 and a 200 day simple moving average of $214.18.

Boeing (NYSE:BA - Get Free Report) last posted its earnings results on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share for the quarter, missing the consensus estimate of ($0.51) by ($6.96). The business had revenue of $23.27 billion during the quarter, compared to the consensus estimate of $21.61 billion. During the same quarter in the prior year, the business posted ($10.44) EPS. Boeing's quarterly revenue was up 30.4% on a year-over-year basis. As a group, analysts forecast that The Boeing Company will post -2.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. UBS Group reaffirmed a "buy" rating on shares of Boeing in a research report on Wednesday, December 10th. Royal Bank Of Canada restated an "outperform" rating and set a $250.00 price target on shares of Boeing in a report on Monday, September 29th. New Street Research set a $257.00 price target on shares of Boeing in a research note on Tuesday, December 9th. Zacks Research raised Boeing from a "strong sell" rating to a "hold" rating in a research report on Tuesday, December 2nd. Finally, Jefferies Financial Group set a $255.00 target price on Boeing in a research note on Tuesday, September 30th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have issued a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat, Boeing presently has an average rating of "Moderate Buy" and a consensus target price of $233.17.

Key Stores Impacting Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Citi starts coverage with a Buy and Boeing completed the acquisition of Spirit AeroSystems — a strategic move that consolidates parts and MRO capacity and likely improves margins/vertical integration expectations. Boeing (BA) Gets Buy Rating from Citi, Completes Spirit AeroSystems Acquisition
• Positive Sentiment: Boeing won a roughly $930.8M U.S. Navy contract to extend service life of up to 60 F/A‑18 E/F Super Hornets — adds near‑term defense revenue and strengthens backlog visibility. Boeing (BA) Secures Major Navy Contract as Ratings Agencies Turn More Positive
• Positive Sentiment: Other bullish signals: J.P. Morgan and JPMorgan Chase remain positive/forecast upside and media/commentators (e.g., Jim Cramer) say Boeing may have bottomed — these endorsements can drive demand from institutional and retail investors. J.P. Morgan Keeps Their Buy Rating on Boeing (BA)
• Positive Sentiment: Aftermarket opportunity: Coulson Aviation launching a Boeing 767 VLAT (Very Large Airtanker) program highlights continued value in 767 conversions and aftermarket demand for widebodies. Coulson Aviation Announces Launch of Boeing 767 VLAT Program
• Neutral Sentiment: United Launch Alliance CEO Tory Bruno resigned — notable for the space ecosystem but limited direct near‑term impact on Boeing’s commercial aerospace stock story. United Launch Alliance CEO Tory Bruno resigns
• Neutral Sentiment: Artemis II launch rehearsals and Boeing support activity (Starliner ground/logistics work) are ongoing — positive for Boeing’s NASA program profile but not a material stock driver today. Astronauts, launch teams practice Artemis 2 countdown - Spaceflight Now
• Negative Sentiment: Boeing is asking the FAA to allow 35 additional 777 freighter sales ahead of a 2028 emissions rule and seeking waivers — potential regulatory and reputational risk if approvals are denied or if the fight highlights environmental constraints on future widebody sales. This is the main near‑term headwind investors are watching. Boeing (BA) Pushes FAA to Extend 777 Freighter Sales Before 2028 Rule Kicks In

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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