WINTON GROUP Ltd Sells 5,994 Shares of The Boeing Company $BA

Key Points

• WINTON GROUP Ltd reduced its Boeing position by 7.2% in the fourth quarter, selling 5,994 shares and leaving it with 77,789 shares worth about $16.89 million.
• Boeing’s latest earnings beat expectations, with quarterly EPS of ($0.20) versus the consensus estimate of ($0.68), and revenue of $22.22 billion slightly ahead of forecasts.
• Analysts remain mostly positive on the stock, with a Moderate Buy consensus and a target price of $259.80, while recent news highlights both production progress and fresh safety concerns around the 787 program.

WINTON GROUP Ltd trimmed its holdings in shares of The Boeing Company (NYSE:BA - Free Report) by 7.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 77,789 shares of the aircraft producer's stock after selling 5,994 shares during the quarter. Boeing accounts for approximately 0.6% of WINTON GROUP Ltd's investment portfolio, making the stock its 14th largest holding. WINTON GROUP Ltd's holdings in Boeing were worth $16,890,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Measured Wealth Private Client Group LLC bought a new stake in shares of Boeing in the third quarter valued at about $25,000. Ares Financial Consulting LLC bought a new stake in shares of Boeing in the fourth quarter valued at about $26,000. Strategic Wealth Advisors LLC bought a new stake in shares of Boeing in the fourth quarter valued at about $27,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Boeing in the fourth quarter valued at about $28,000. Finally, American National Bank & Trust raised its holdings in shares of Boeing by 124.2% in the fourth quarter. American National Bank & Trust now owns 139 shares of the aircraft producer's stock valued at $30,000 after acquiring an additional 77 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Boeing

In other Boeing news, Director Bradley D. Tilden purchased 1,370 shares of the company's stock in a transaction dated Wednesday, May 20th. The shares were acquired at an average price of $218.50 per share, for a total transaction of $299,345.00. Following the completion of the purchase, the director owned 1,370 shares of the company's stock, valued at approximately $299,345. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.10% of the company's stock.

Analyst Ratings Changes

Several analysts recently 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. Citigroup lifted their target price on Boeing from $256.00 to $260.00 and gave the company a "buy" rating in a research note on Monday, May 18th. Jefferies Financial Group reiterated a "buy" rating on shares of Boeing in a research note on Wednesday, March 4th. Tigress Financial lifted their target price on Boeing from $290.00 to $295.00 and gave the company a "buy" rating in a research note on Wednesday, April 29th. Finally, Wells Fargo & Company started coverage on Boeing in a research note on Wednesday, April 1st. They issued an "overweight" rating and a $250.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Boeing has a consensus rating of "Moderate Buy" and a consensus target price of $259.80.

Boeing Price Performance

Shares of BA stock opened at $215.72 on Friday. 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 market capitalization of $170.05 billion, a price-to-earnings ratio of 104.72 and a beta of 1.19. 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 stock's 50-day simple moving average is $220.80 and its 200-day simple moving average is $220.31.

Boeing (NYSE:BA - Get Free Report) last issued its quarterly earnings results 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 for the quarter, compared to analysts' expectations of $22.15 billion. During the same quarter in the previous year, the firm posted ($0.49) EPS. Boeing's revenue was up 14.0% on a year-over-year basis. As a group, equities analysts forecast that The Boeing Company will post -0.15 earnings per share for the current fiscal year.

Key Stories Impacting Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing said it will start building 737 MAX jets on a new final assembly line in Everett, Washington, on July 6, a sign that the company is getting closer to ramping production and potentially lifting output toward 52 jets per month. Boeing to start 737 Max production on new assembly line July 6, CEO says
• Positive Sentiment: Boeing delivered the first two 787 Dreamliners to Riyadh Air, reinforcing steady commercial aircraft demand and giving investors another concrete delivery milestone. Boeing Delivers Riyadh Air's First Two 787 Dreamliner Jets
• Positive Sentiment: Reports that China may consider additional aircraft purchases, along with interest from airlines such as Qantas and Singapore Airlines in wide-body orders, are supporting the view that Boeing could benefit from stronger future demand. China Considering Further Aircraft Purchases, Boeing Stock NYSE: BA Jumps
• Neutral Sentiment: Analyst commentary continues to highlight Boeing’s improving delivery momentum and large commercial backlog, which supports the long-term outlook but does not appear to be a direct catalyst today. Can Boeing's Commercial Aircraft Delivery Momentum Lift Performance?
• Negative Sentiment: A German investigation has been opened into the Boeing 787 nose-gear collapse in Frankfurt, and reports say several workers were injured, adding to safety concerns around the 787 program. German investigators launch probe into Boeing 787 incident in Frankfurt
• Negative Sentiment: Separate reports on the Frankfurt 787 incident and the resulting injuries are likely weighing on sentiment because they revive concerns about Boeing’s quality-control and reliability record. Several injured in Boeing 787 nose-gear collapse in Frankfurt
• Negative Sentiment: Even with the production and delivery updates, Boeing shares are also being pressured by a broader market rotation away from riskier names, helping explain why the stock is under pressure despite the company-specific positives. What's Going On With Boeing Stock Friday?

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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