Strs Ohio Sells 50,145 Shares of The Boeing Company $BA

Key Points

• Strs Ohio cut its Boeing stake by 9.7% in the first quarter, selling 50,145 shares and leaving it with 468,344 shares valued at about $93.2 million. Institutional investors still own a majority of Boeing, with hedge funds and other institutions holding 64.82% of the stock.
• Analyst sentiment remains mostly positive, with Boeing carrying a consensus “Moderate Buy” rating and an average price target of $261.61. Several firms recently reiterated or raised targets, though Weiss Ratings downgraded the stock to “sell.”
• Boeing’s operating outlook is being supported by new demand and recovery trends, including a reported China Southern order, improving delivery momentum, and stronger defense backlog. The company also beat first-quarter EPS and revenue estimates, despite ongoing operational and governance concerns such as an IT outage and a Wisk Aero lawsuit.

Strs Ohio lowered its holdings in shares of The Boeing Company (NYSE:BA - Free Report) by 9.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 468,344 shares of the aircraft producer's stock after selling 50,145 shares during the period. Strs Ohio owned about 0.06% of Boeing worth $93,215,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC bought a new stake in shares of Boeing in the 3rd quarter valued at about $25,000. Strive Financial Group LLC bought a new position in Boeing during the 4th quarter worth approximately $25,000. Ares Financial Consulting LLC bought a new position in Boeing during the 4th quarter worth approximately $26,000. CrossGen Wealth LLC purchased a new position in Boeing in the 4th quarter worth approximately $26,000. Finally, Strategic Wealth Advisors LLC purchased a new position in Boeing in the 4th quarter worth approximately $27,000. Hedge funds and other institutional investors own 64.82% of the company's stock.

Insider Activity

In other news, Director Bradley D. Tilden purchased 1,370 shares of the company's stock in a transaction that occurred on Wednesday, May 20th. The shares were bought at an average price of $218.50 per share, for a total transaction of $299,345.00. Following the purchase, the director directly owned 1,370 shares in the company, valued at approximately $299,345. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

BA has been the subject of several analyst reports. Wolfe Research reissued an "outperform" rating and set a $275.00 price target on shares of Boeing in a research report on Thursday, April 23rd. Wells Fargo & Company initiated coverage on shares of Boeing in a report on Wednesday, April 1st. They set an "overweight" rating and a $250.00 target price for the company. Tigress Financial boosted their price target on Boeing from $290.00 to $295.00 and gave the company a "buy" rating in a report on Wednesday, April 29th. Weiss Ratings lowered Boeing from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Friday, April 24th. Finally, Citigroup upped their target price on Boeing from $256.00 to $260.00 and gave the company a "buy" rating in a report on Monday, May 18th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $261.61.

Boeing News Summary

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing’s return to China is driving optimism after China Southern reportedly placed a $3.62 billion order, including seven freighter aircraft, reinforcing demand in one of the world’s largest aviation markets and boosting the company’s backlog. Boeing (BA) Returns To China With Seven Plane Cargo Order From China Southern
• Positive Sentiment: Recent commentary also highlights improving delivery momentum, a sizable defense award, and a softer interest-rate backdrop, all of which are helping sentiment around Boeing’s cash-flow recovery and operational turnaround. Boeing stock gains as delivery recovery, defense backlog and a softer-rate backdrop lift sentiment
• Positive Sentiment: Analysts and market chatter remain constructive ahead of Boeing’s July 28 second-quarter earnings report, with investors watching for further progress in 737 MAX execution, commercial deliveries, and defense backlog growth. Boeing Stock (BA) Opinions on China Order and Earnings Outlook
• Neutral Sentiment: JetZero’s progress on a new aircraft design underscores long-term competitive pressure on Boeing, but it is more of an industry watch item than an immediate driver of today’s trading. In Mojave Desert, startup JetZero builds novel plane to take on Airbus and Boeing
• Negative Sentiment: A lawsuit involving Boeing-owned Wisk Aero over alleged retaliation tied to safety concerns adds another governance and safety headline, which could weigh on sentiment even if the financial impact is indirect. Boeing-owned Wisk Aero accused of firing manager who raised safety concerns
• Negative Sentiment: Reports of an unplanned IT outage that disrupted factory operations from Washington to Florida highlight ongoing operational fragility and could temper enthusiasm around the recovery story. Boeing says 'unplanned IT outage' hit computer systems as factory work from Washington to Florida was disrupted

Boeing Stock Performance

Boeing stock opened at $226.18 on Friday. The stock's 50 day moving average is $223.70 and its 200 day moving average is $224.10. The company has a market capitalization of $178.30 billion, a P/E ratio of 109.80 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.

Boeing (NYSE:BA - Get Free Report) last released its earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) EPS for the quarter, topping the consensus estimate of ($0.68) by $0.48. The company had revenue of $22.22 billion during the quarter, compared to the consensus estimate of $22.15 billion. During the same period last year, the firm posted ($0.49) earnings per share. The company's revenue was up 14.0% compared to the same quarter last year. On average, equities research analysts predict that The Boeing Company will post -0.15 earnings per share for the current fiscal year.

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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