Longfellow Investment Management Co. LLC Takes $4.95 Million Position in The Boeing Company $BA

Longfellow Investment Management Co. LLC acquired a new position in The Boeing Company (NYSE:BA) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 22,861 shares of the aircraft producer’s stock, valued at approximately $4,949,000. Boeing makes up approximately 1.0% of Longfellow Investment Management Co. LLC’s investment portfolio, making the stock its 22nd biggest holding.

Several other hedge funds have also recently added to or reduced their stakes in the business. Revolve Wealth Partners LLC bought a new position in shares of Boeing in the fourth quarter worth $201,000. Sivia Capital Partners LLC increased its holdings in shares of Boeing by 16.5% during the second quarter. Sivia Capital Partners LLC now owns 1,529 shares of the aircraft producer’s stock valued at $320,000 after purchasing an additional 217 shares during the period. AXA S.A. raised its stake in shares of Boeing by 1,225.7% during the second quarter. AXA S.A. now owns 34,655 shares of the aircraft producer’s stock valued at $7,261,000 after purchasing an additional 32,041 shares in the last quarter. Ieq Capital LLC lifted its holdings in Boeing by 243.8% in the second quarter. Ieq Capital LLC now owns 33,485 shares of the aircraft producer’s stock worth $7,016,000 after purchasing an additional 23,746 shares during the period. Finally, Alliancebernstein L.P. lifted its holdings in Boeing by 4.2% in the second quarter. Alliancebernstein L.P. now owns 1,334,451 shares of the aircraft producer’s stock worth $279,608,000 after purchasing an additional 53,736 shares during the period. Institutional investors own 64.82% of the company’s stock.

Boeing Price Performance

NYSE:BA opened at $231.50 on Monday. The company has a quick ratio of 0.33, a current ratio of 1.14 and a debt-to-equity ratio of 6.77. The business’s 50-day moving average price is $221.70 and its 200 day moving average price is $222.79. The Boeing Company has a 52-week low of $176.77 and a 52-week high of $254.35. The firm has a market cap of $182.97 billion, a P/E ratio of 100.21 and a beta of 1.21.

Boeing (NYSE:BA) last issued its quarterly earnings results on Tuesday, July 28th. The aircraft producer reported ($0.76) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.42). The business had revenue of $24.56 billion during the quarter, compared to analyst estimates of $24.26 billion. Boeing had a net margin of 2.41% and a negative return on equity of 346.82%. Boeing’s revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the company posted ($1.24) earnings per share. As a group, sell-side analysts predict that The Boeing Company will post -0.87 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Bradley D. Tilden bought 1,370 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were acquired at an average cost of $218.50 per share, for a total transaction of $299,345.00. Following the acquisition, the director directly owned 1,370 shares of the company’s stock, valued at $299,345. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on BA. Wolfe Research cut shares of Boeing from an “outperform” rating to a “hold” rating in a research note on Tuesday, August 11th. Royal Bank Of Canada reduced their price target on shares of Boeing from $275.00 to $265.00 and set an “outperform” rating for the company in a research note on Wednesday, July 29th. Sanford C. Bernstein assumed coverage on shares of Boeing in a report on Tuesday, August 11th. They issued an “outperform” rating for the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of Boeing in a research note on Tuesday, July 21st. Finally, Argus raised Boeing from a “hold” rating to a “buy” rating and set a $265.00 target price on the stock in a report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $272.58.

Key Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: The Pentagon signed framework agreements with Boeing and RTX to increase production of components for SM-3 Block IIA and Block IB interceptor missiles. The seven-year arrangements could provide greater visibility for Boeing’s defense business and support incremental revenue, helping drive the stock higher. Pentagon signs deals with Boeing and RTX
• Positive Sentiment: Boeing is selling Wisk Aero, Insitu and SkyGrid to Archer Aviation in an all-stock transaction that gives Boeing an approximately 20% stake in Archer. Analysts view the deal as a way to exit a struggling, non-core air-taxi operation while retaining exposure to autonomy and electric-aircraft technologies, potentially sharpening Boeing’s turnaround focus. Boeing’s Wisk sale and portfolio strategy
• Positive Sentiment: Avolon agreed to lease up to seven Boeing 737-8200 aircraft to India’s Akasa Air. The transaction supports continued demand for Boeing’s narrow-body aircraft in one of the aviation industry’s fastest-growing markets. Avolon and Akasa Air 737 transaction
• Neutral Sentiment: Odysight.ai received a Boeing purchase order and will demonstrate AI-powered predictive-maintenance technology at two Boeing sites. The initiative could improve future maintenance capabilities and create supplier opportunities, but its immediate financial impact on BA is expected to be limited. Odysight.ai Boeing purchase order
• Neutral Sentiment: JLL is considering Boeing’s former Chicago headquarters for a potential global headquarters move. The move could benefit Boeing through property monetization or reduced real-estate obligations, though no transaction has been finalized. JLL considers Boeing’s former headquarters

About Boeing

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.