Boeing Sees Boost from New Investor Stake Amid Recovery Efforts
Segall Bryant & Hamill LLC recently made a new investment in Boeing Company (NYSE:BA). According to its latest SEC filing, the fund acquired 37,107 shares of Boeing's stock during the first quarter, valued at approximately $7.95 million.
This is not an isolated instance, as several other large investors also modified their holdings of BA during the same period. These include Measured Wealth Private Client Group LLC and Strive Financial Group LLC, both of which acquired new positions in Boeing's stock.
Boeing has been making strides in its recovery, with accelerating deliveries and a forecasted $1 billion to $3 billion in cash flow. The company is also negotiating a new contract with commercial-airplane engineers and technical workers, which could help reduce the risk of labor disruptions affecting production and deliveries.