Magnolia Capital Advisors LLC purchased a new position in shares of The Boeing Company (NYSE:BA – Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,463 shares of the aircraft producer’s stock, valued at approximately $533,000.
Several other institutional investors and hedge funds have also made changes to their positions in BA. Measured Wealth Private Client Group LLC acquired a new position in Boeing during the third quarter worth about $25,000. Strive Financial Group LLC acquired a new position in shares of Boeing in the 4th quarter worth approximately $25,000. Ares Financial Consulting LLC acquired a new position in shares of Boeing in the 4th quarter worth approximately $26,000. CrossGen Wealth LLC bought a new stake in shares of Boeing in the 4th quarter worth approximately $26,000. Finally, Strategic Wealth Advisors LLC bought a new stake in shares of Boeing in the 4th quarter worth approximately $27,000. 64.82% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research firms recently commented on BA. UBS Group initiated coverage on shares of Boeing in a research note on Tuesday, August 11th. They set a “buy” rating for the company. BNP Paribas Exane raised Boeing from an “underperform” rating to an “outperform” rating and upped their price target for the company from $230.00 to $300.00 in a report on Monday, August 3rd. Btg Pactual set a $260.00 price objective on Boeing in a research report on Tuesday, July 14th. Cantor Fitzgerald lowered Boeing to a “neutral” rating in a research note on Tuesday, August 11th. Finally, Tigress Financial lifted their target price on Boeing from $295.00 to $305.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Boeing has a consensus rating of “Moderate Buy” and an average target price of $272.58.
More Boeing News
Here are the key news stories impacting Boeing this week:
- Positive Sentiment: Bernstein initiated or reiterated a Buy view on Boeing, providing support for the stock despite recent operational concerns. Boeing Gets a Buy from Bernstein
- Positive Sentiment: Boeing and RTX won approximately $766 million in U.S. Air Force contracts tied to B-52 modernization. The award reinforces Boeing’s defense exposure and provides incremental backlog and revenue visibility. Boeing and RTX Win B-52 Modernization Contracts
- Positive Sentiment: The market continues to focus on Boeing’s potential $131.23 billion F-15 Eagle contract ceiling, which could support defense revenue through 2037 and include modernization, sustainment, and foreign military sales. However, the indefinite-delivery/indefinite-quantity award is a maximum authorization—not guaranteed revenue—and only about $344,000 was initially funded. F-15 Eagle Contract Announcement
- Positive Sentiment: Some valuation analysis argues Boeing may be undervalued after a roughly 10% annual decline, citing long-term defense contracts and technology partnerships as potential cash-flow catalysts. Execution remains the key risk. Boeing Stock Could Be Undervalued
Boeing Stock Performance
Shares of BA opened at $212.48 on Thursday. The company has a 50-day moving average of $221.15 and a two-hundred day moving average of $221.68. The stock has a market cap of $167.94 billion, a price-to-earnings ratio of 91.98 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 one year low of $176.77 and a one year high of $254.35.
Boeing (NYSE:BA – Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The aircraft producer reported ($0.76) EPS 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 analysts’ expectations of $24.26 billion. During the same quarter last year, the company posted ($1.24) EPS. The firm’s revenue was up 8.0% compared to the same quarter last year. On average, equities research analysts expect that The Boeing Company will post -0.87 earnings per share for the current year.
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.
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