The Boeing Company $BA Shares Bought by KBC Group NV

Key Points

• KBC Group NV boosted its Boeing stake by 20.8% in the first quarter, buying 14,551 additional shares and bringing its total holding to 84,641 shares worth about $16.8 million.
• Boeing reported better-than-expected quarterly results, posting a loss of $0.20 per share versus estimates for a $0.68 loss, while revenue of $22.22 billion also slightly topped forecasts and rose 14% year over year.
• The company continues to see a mixed outlook: it has secured several major aircraft orders and faces expected FAA certification progress for the 737 MAX 7 and 10, but analysts still warn about competition, balance-sheet pressures, and weak earnings expectations ahead.

KBC Group NV raised its position in The Boeing Company (NYSE:BA - Free Report) by 20.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 84,641 shares of the aircraft producer's stock after buying an additional 14,551 shares during the quarter. KBC Group NV's holdings in Boeing were worth $16,846,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Princeton Capital Management LLC raised its position in Boeing by 78.3% during the 4th quarter. Princeton Capital Management LLC now owns 12,249 shares of the aircraft producer's stock worth $2,660,000 after buying an additional 5,381 shares during the last quarter. Rakuten Investment Management Inc. increased its stake in shares of 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 acquiring an additional 85,982 shares during the period. Louisiana State Employees Retirement System acquired a new position in shares of 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 raised its holdings in Boeing by 103.8% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 11,240 shares of the aircraft producer's stock worth $2,237,000 after purchasing an additional 5,726 shares in the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Boeing Price Performance

Shares of NYSE:BA opened at $204.75 on Wednesday. The firm has a market capitalization of $161.40 billion, a price-to-earnings ratio of 99.39 and a beta of 1.21. The company has a debt-to-equity ratio of 7.42, a current ratio of 1.18 and a quick ratio of 0.35. The business's 50 day simple moving average is $220.61 and its 200-day simple moving average is $224.64. The Boeing Company has a 12 month low of $176.77 and a 12 month high of $254.35.

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, beating the consensus estimate of ($0.68) by $0.48. The firm had revenue of $22.22 billion during the quarter, compared to analysts' expectations of $22.15 billion. The business's revenue for the quarter was up 14.0% on a year-over-year basis. During the same period in the previous year, the business earned ($0.49) earnings per share. As a group, equities analysts forecast that The Boeing Company will post -0.27 earnings per share for the current fiscal year.

Boeing News Roundup

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing announced a string of major commercial wins at the Farnborough Airshow, including orders/commitments from Philippine Airlines for up to 20 787 Dreamliners, SMBC Aviation Capital for 100 737 MAX jets, Riyadh Air for 28 more 787s, Luxair for additional 737-10s, Uganda Airlines’ first-ever Boeing purchase, and MSC Air Cargo’s five 777-8 freighters, strengthening the company’s backlog and revenue outlook. Article: Boeing and Philippine Airlines Announce Commitment for up to 20 787 Dreamliner Jets
• Positive Sentiment: FAA officials said certification for the 737 MAX 7 and 737 MAX 10 is expected soon, which could help Boeing bring long-delayed variants to market and support near-term production momentum. Article: FAA says certification of Boeing 737 MAX 7, 10 expected soon
• Positive Sentiment: Emirates said it expects Boeing 777-9 deliveries in the second quarter of 2027, signaling the troubled widebody program is moving closer to certification and entry into service. Article: Emirates expects Boeing 777-9 deliveries in second quarter 2027, president says
• Neutral Sentiment: Boeing pushed the U.S. to seek transparency on a reported EU loan package to Airbus, a sign that trade tensions could resurface, but the direct stock impact is unclear. Article: Boeing asks US to intervene over record EU loan to Airbus
• Negative Sentiment: Some coverage highlighted increasing competition from Chinese aircraft makers and Airbus, while Boeing’s CEO reiterated that a new jet launch is still years away because the company needs to repair its balance sheet first. Article: Boeing and Airbus prepare for next narrow-body battle – but airlines aren't pushing for new jets yet
• Negative Sentiment: Analysts also noted Boeing may be heading into next week’s earnings report with weak earnings expectations, which could temper enthusiasm after the recent order wins. Article: Boeing (BA) May Report Negative Earnings: Know the Trend Ahead of Next Week's Release

Insiders Place Their Bets

In other news, Director Bradley D. Tilden purchased 1,370 shares of the company's stock in a transaction dated Wednesday, May 20th. The stock was acquired at an average price of $218.50 per share, for a total transaction of $299,345.00. Following the completion of the transaction, the director directly owned 1,370 shares in the company, valued at $299,345. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Morgan Stanley lifted their price objective on Boeing from $245.00 to $250.00 and gave the company an "equal weight" rating in a report on Thursday, April 23rd. Btg Pactual set a $260.00 target price on Boeing in a research note on Tuesday, July 14th. Wells Fargo & Company began coverage on Boeing in a report on Wednesday, April 1st. They issued an "overweight" rating and a $250.00 price target for the company. Wolfe Research restated an "outperform" rating and issued a $275.00 price target on shares of Boeing in a research note on Thursday, April 23rd. Finally, Tigress Financial upped their price objective on Boeing from $290.00 to $295.00 and gave the stock a "buy" rating in a report on Wednesday, April 29th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $261.53.

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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