First National Bank of Omaha Takes Position in The Boeing Company $BA

First National Bank of Omaha bought a new stake in The Boeing Company (NYSE:BA) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 3,089 shares of the aircraft producer’s stock, valued at approximately $663,000.

A number of other large investors have also recently bought and sold shares of BA. Measured Wealth Private Client Group LLC acquired a new position in shares of Boeing in the third quarter worth $25,000. Strive Financial Group LLC acquired a new stake in shares of Boeing during the fourth quarter valued at $25,000. Ares Financial Consulting LLC purchased a new stake in Boeing during the 4th quarter worth about $26,000. CrossGen Wealth LLC purchased a new stake in Boeing during the 4th quarter worth about $26,000. Finally, Strategic Wealth Advisors LLC acquired a new position in Boeing in the 4th quarter valued at about $27,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Performance

Shares of NYSE:BA opened at $221.79 on Thursday. The business has a 50-day moving average of $222.33 and a two-hundred day moving average of $222.44. The firm has a market capitalization of $175.30 billion, a PE ratio of 96.01 and a beta of 1.21. The company has a debt-to-equity ratio of 6.77, a current ratio of 1.14 and a quick ratio of 0.33. The Boeing Company has a 12 month low of $176.77 and a 12 month high of $254.35.

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

Boeing News Summary

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing is pursuing an internal turnaround under CEO Kelly Ortberg, emphasizing engineering discipline, production quality and long-term aircraft development rather than short-term Wall Street targets. The strategy could improve execution and restore customer and investor confidence, although results will take time. How Kelly Ortberg is rebuilding Boeing from the inside out
• Positive Sentiment: Wright-Patterson Air Force Base awarded Boeing a $75 million contract for Air Force One spare parts, providing incremental support for the company’s defense and government-services business. Boeing $75 million Air Force One parts contract
• Positive Sentiment: Boeing and Lockheed Martin’s United Launch Alliance reportedly completed a $1.5 billion private bond offering—three times the initial target—suggesting strong investor demand for ULA financing and continued interest in its space business. Boeing Q2 earnings context

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on BA shares. The Goldman Sachs Group lowered Boeing from a “buy” rating to a “hold” rating in a research note on Tuesday, August 11th. Wolfe Research downgraded Boeing from an “outperform” rating to a “hold” rating in a research report on Tuesday, August 11th. BNP Paribas Exane upgraded Boeing from an “underperform” rating to an “outperform” rating and upped their target price for the company from $230.00 to $300.00 in a research note on Monday, August 3rd. Royal Bank Of Canada reduced their target price on Boeing from $275.00 to $265.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 29th. Finally, Citigroup cut Boeing from a “buy” rating to a “sell” rating in a report on Tuesday, August 11th. One 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 given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $272.58.

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.