Strs Ohio Lowers Position in The Boeing Company $BA

Key Points

• Strs Ohio cut its holdings by 10.4%, selling 60,343 shares to leave 518,489 Boeing shares (about 0.07% ownership) valued at $112.57 million, while overall institutional ownership sits around 64.82%.
• Boeing beat quarterly expectations with EPS of ($0.20) vs. ($0.68) expected and revenue of $22.22B (up 14% YoY), and has near‑term order/support (Biman Bangladesh, additional U.S. Air Force buys) and a consensus "Moderate Buy" target of ~$259.60, but elevated valuation and leverage (trailing P/E ~110.5; debt‑to‑equity 7.42) leave shares sensitive to execution risks.

Strs Ohio cut its holdings in The Boeing Company (NYSE:BA - Free Report) by 10.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 518,489 shares of the aircraft producer's stock after selling 60,343 shares during the quarter. Strs Ohio owned approximately 0.07% of Boeing worth $112,574,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Revolve Wealth Partners LLC purchased a new stake in shares of Boeing during the fourth quarter valued at about $201,000. Sivia Capital Partners LLC lifted its position in shares of Boeing by 16.5% during the second quarter. Sivia Capital Partners LLC now owns 1,529 shares of the aircraft producer's stock valued at $320,000 after buying an additional 217 shares during the last quarter. AXA S.A. lifted its position in shares of Boeing by 1,225.7% during the second quarter. AXA S.A. now owns 34,655 shares of the aircraft producer's stock valued at $7,261,000 after buying an additional 32,041 shares during the last quarter. Ieq Capital LLC lifted its position in shares of Boeing by 243.8% during the second quarter. Ieq Capital LLC now owns 33,485 shares of the aircraft producer's stock valued at $7,016,000 after buying an additional 23,746 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its position in shares of Boeing by 4.2% during the second quarter. Alliancebernstein L.P. now owns 1,334,451 shares of the aircraft producer's stock valued at $279,608,000 after buying an additional 53,736 shares during the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Price Performance

Shares of NYSE:BA opened at $227.58 on Friday. The company has a market cap of $179.40 billion, a PE ratio of 110.48 and a beta of 1.13. The Boeing Company has a twelve month low of $176.77 and a twelve month high of $254.35. The company's 50 day moving average is $217.11 and its 200 day moving average is $217.34. The company has a current ratio of 1.18, a quick ratio of 0.35 and a debt-to-equity ratio of 7.42.

Boeing (NYSE:BA - Get Free Report) last released 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 business had revenue of $22.22 billion during the quarter, compared to analyst estimates of $22.15 billion. The firm's revenue was up 14.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.49) EPS. On average, sell-side analysts forecast that The Boeing Company will post 0.04 EPS for the current year.

Insider Buying and Selling at Boeing

In other Boeing news, Director Mortimer J. Buckley acquired 2,230 shares of the business's stock in a transaction dated Tuesday, March 3rd. The shares were purchased at an average price of $224.20 per share, for a total transaction of $499,966.00. Following the completion of the purchase, 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 ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Ann M. Schmidt sold 6,281 shares of the stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $243.37, for a total transaction of $1,528,606.97. Following the completion of the sale, the senior vice president owned 13,978 shares in the company, valued at $3,401,825.86. The trade was a 31.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 21,012 shares of company stock worth $4,980,687 over the last ninety days. 0.10% of the stock is owned by insiders.

Boeing News Summary

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Biman Bangladesh placed a 14‑aircraft order (mix of 787‑10, 787‑9 and 737‑8) worth about $3.7B, boosting Boeing's commercial backlog and near‑term delivery visibility. Biman Bangladesh Airlines Orders 14 Boeing 787 Dreamliner and 737 MAX Jets
• Positive Sentiment: The U.S. Air Force plans to buy five additional Boeing E‑7A Wedgetail surveillance aircraft (on top of two prototypes), supporting Boeing’s defense revenue and government backlog. US Air Force plans to buy five more Boeing E-7A surveillance aircraft
• Positive Sentiment: Bank of America reiterated a Buy rating and $270 price target, saying Boeing’s core operational trajectory remains positive even though the turnaround is uneven — a vote of confidence from a major broker. Boeing continues to show turnaround progress, keeping Banking of America bullish
• Neutral Sentiment: Analyst consensus price target sits around $259.35 — above current levels but below some broker targets, offering mixed signals on upside. The Boeing Company NYSE: BA Receives $259.35 Average Price Target from Brokerages
• Neutral Sentiment: Boeing made a carbon‑purchase move highlighted by ESG coverage — positive for sustainability positioning but likely limited near‑term financial impact. “…Supporting the Responsible Growth of our Industry…” Boeing Stock NYSE: BA Notches Up With Carbon Purchase
• Negative Sentiment: Concerns remain: Boeing’s turnaround has uneven execution, debt levels are high and valuation is elevated (P/E >100 on trailing figures), leaving shares sensitive to any operational hiccups or delivery delays. Investors appear to be trimming positions into the upbeat headlines.

Analyst Upgrades and Downgrades

Several analysts have commented on BA shares. Citigroup decreased their price target on shares of Boeing from $290.00 to $256.00 and set a "buy" rating for the company in a research report on Thursday, April 2nd. Morgan Stanley increased their price target on shares of Boeing from $245.00 to $250.00 and gave the company an "equal weight" rating in a research report on Thursday, April 23rd. Royal Bank Of Canada increased their price target on shares of Boeing from $265.00 to $275.00 and gave the company an "outperform" rating in a research report on Wednesday, January 28th. UBS Group upped their price objective on shares of Boeing from $275.00 to $285.00 and gave the company a "buy" rating in a report on Wednesday, January 28th. Finally, Sanford C. Bernstein restated an "outperform" rating on shares of Boeing in a report on Wednesday, January 28th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $259.60.

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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