The Boeing Company $BA Shares Acquired by Renaissance Technologies LLC

Key Points

• Renaissance Technologies increased its Boeing stake by 52.5% in the first quarter, buying 320,580 additional shares to bring its total to 931,464 shares valued at about $185.4 million.
• Several other institutional investors also boosted their Boeing holdings, and hedge funds and other institutions now own 64.82% of the company’s shares.
• Wall Street remains broadly constructive on Boeing, with a Moderate Buy consensus and an average price target of $261.53, while the stock recently traded at $209.51 after Boeing reported better-than-expected quarterly earnings and revenue.

Renaissance Technologies LLC lifted its holdings in The Boeing Company (NYSE:BA - Free Report) by 52.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 931,464 shares of the aircraft producer's stock after buying an additional 320,580 shares during the period. Renaissance Technologies LLC owned approximately 0.12% of Boeing worth $185,389,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the business. Princeton Capital Management LLC boosted its position in shares of Boeing by 78.3% during the 4th quarter. Princeton Capital Management LLC now owns 12,249 shares of the aircraft producer's stock valued at $2,660,000 after acquiring an additional 5,381 shares during the last quarter. Rakuten Investment Management Inc. increased its position in Boeing by 502.3% during the fourth quarter. Rakuten Investment Management Inc. now owns 103,099 shares of the aircraft producer's stock worth $22,398,000 after purchasing an additional 85,982 shares during the last quarter. Louisiana State Employees Retirement System purchased a new position in Boeing during the first quarter worth about $7,961,000. Vaughan Nelson Investment Management L.P. purchased a new position in Boeing during the fourth quarter worth about $55,787,000. Finally, Patriot Financial Group Insurance Agency LLC boosted its holdings in Boeing by 103.8% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 11,240 shares of the aircraft producer's stock valued at $2,237,000 after purchasing an additional 5,726 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on BA. Wells Fargo & Company initiated coverage on Boeing in a report on Wednesday, April 1st. They issued an "overweight" rating and a $250.00 price objective on the stock. Weiss Ratings reissued a "sell (d+)" rating on shares of Boeing in a research note on Tuesday. Citigroup lifted their target price on Boeing from $256.00 to $260.00 and gave the company a "buy" rating in a research report on Monday, May 18th. Morgan Stanley increased their price target on Boeing from $245.00 to $250.00 and gave the stock an "equal weight" rating in a report on Thursday, April 23rd. Finally, Tigress Financial raised their price objective on Boeing from $290.00 to $295.00 and gave the stock a "buy" rating in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $261.53.

Boeing Stock Up 0.1%

Boeing stock opened at $209.51 on Friday. The company has a market capitalization of $165.15 billion, a PE ratio of 101.70 and a beta of 1.21. The company has a debt-to-equity ratio of 7.42, a quick ratio of 0.35 and a current ratio of 1.18. The Boeing Company has a fifty-two week low of $176.77 and a fifty-two week high of $254.35. The firm has a 50 day moving average price of $219.35 and a 200 day moving average price of $224.35.

Boeing (NYSE:BA - Get Free Report) last released its quarterly earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) EPS for the quarter, topping analysts' consensus estimates of ($0.68) by $0.48. The firm had revenue of $22.22 billion for the quarter, compared to analyst estimates of $22.15 billion. During the same quarter last year, the company earned ($0.49) earnings per share. The firm's revenue for the quarter was up 14.0% on a year-over-year basis. Research analysts expect that The Boeing Company will post -0.33 earnings per share for the current year.

Boeing News Summary

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing heads into earnings with a massive backlog of about $695 billion, giving investors visibility into years of future revenue and reinforcing the turnaround narrative. Boeing Has a $695B Backlog and Analysts See 29% Upside. Should You Buy Before July 28 Earnings?
• Positive Sentiment: Analysts see meaningful upside in BA, with some reports citing nearly 30% potential gains ahead of Q2 results, and prediction markets are leaning toward a beat. Boeing Has a $695B Backlog and Analysts See 29% Upside. Should You Buy Before July 28 Earnings?
• Positive Sentiment: Boeing is nearing FAA certification for the 737 Max 10, with more than 1,500 orders waiting for approval; that could support future deliveries if approvals come through. Boeing Nears Max 10 Certification With 1,500+ Orders Awaiting Approval
• Neutral Sentiment: Several previews highlighted improving commercial deliveries and production gains, but also flagged supply-chain bottlenecks that could affect revenue and cash flow in the near term. Buy, Hold or Sell Boeing Stock? Key Insights Ahead of Q2 Earnings
• Neutral Sentiment: News that Emirates will not take early 777-9 aircraft was viewed as a setback, but the market appeared to shrug it off given Boeing’s broader backlog and turnaround momentum. Emirates Will Not Take Early 777-9 Aircraft, Boeing Stock NYSE: BA Gains Regardless
• Negative Sentiment: China is reportedly seeking new terms on Boeing orders, creating uncertainty around a key international growth market and weighing on sentiment. China is said to seek new Boeing order terms, raising doubts on Trump-Xi deal

Insider Buying and Selling at Boeing

In other news, Director Bradley D. Tilden acquired 1,370 shares of the business's stock in a transaction that occurred on Wednesday, May 20th. The shares were purchased at an average price of $218.50 per share, for a total transaction of $299,345.00. Following the acquisition, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.10% of the company's stock.

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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