The Boeing Company $BA Stock Purchased by Center For Asset Management LLC

Center For Asset Management LLC boosted its holdings in The Boeing Company (NYSE:BA) by 1,644.8% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,907 shares of the aircraft producer’s stock after acquiring an additional 15,938 shares during the period. Boeing comprises about 1.4% of Center For Asset Management LLC’s investment portfolio, making the stock its 20th biggest holding. Center For Asset Management LLC’s holdings in Boeing were worth $3,146,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. B.O.S.S. Retirement Advisors LLC lifted its holdings in shares of Boeing by 1.4% in the 1st quarter. B.O.S.S. Retirement Advisors LLC now owns 3,175 shares of the aircraft producer’s stock worth $632,000 after purchasing an additional 44 shares during the last quarter. Horizon Bancorp Inc. IN boosted its position in Boeing by 3.1% during the 1st quarter. Horizon Bancorp Inc. IN now owns 1,493 shares of the aircraft producer’s stock valued at $297,000 after purchasing an additional 45 shares during the period. Meadowbrook Advisors Group LLC boosted its position in Boeing by 2.5% during the 1st quarter. Meadowbrook Advisors Group LLC now owns 1,955 shares of the aircraft producer’s stock valued at $389,000 after purchasing an additional 47 shares during the period. Howe & Rusling Inc. grew its stake in Boeing by 2.5% during the 1st quarter. Howe & Rusling Inc. now owns 2,024 shares of the aircraft producer’s stock worth $403,000 after buying an additional 49 shares during the last quarter. Finally, Paul R. Ried Financial Group LLC grew its stake in Boeing by 0.3% during the 1st quarter. Paul R. Ried Financial Group LLC now owns 18,060 shares of the aircraft producer’s stock worth $3,594,000 after buying an additional 49 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Stock Performance

BA opened at $189.98 on Friday. The business’s 50 day moving average is $204.93 and its 200-day moving average is $215.57. The stock has a market cap of $150.16 billion, a PE ratio of 82.24 and a beta of 1.26. The company has a current ratio of 1.14, a quick ratio of 0.33 and a debt-to-equity ratio of 6.77. The Boeing Company has a twelve month low of $176.77 and a twelve month high of $254.35.

Boeing (NYSE:BA) last issued its quarterly earnings data on Tuesday, July 28th. The aircraft producer reported ($0.76) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.34) by ($0.42). Boeing had a negative return on equity of 346.82% and a net margin of 2.41%. The business had revenue of $24.56 billion for the quarter, compared to analyst estimates of $24.26 billion. During the same quarter in the prior year, the firm posted ($1.24) earnings per share. The business’s quarterly revenue was up 8.0% on a year-over-year basis. On average, analysts predict that The Boeing Company will post -0.96 earnings per share for the current year.

Key Headlines Impacting Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing is reportedly in discussions with Cathay Pacific over a potential order for as many as 50 wide-body aircraft. Although Cathay is also considering Airbus, a win would strengthen Boeing’s backlog and support future production and deliveries. Boeing Heads Into Talks Over Up To 50 Wide Body Jets
• Positive Sentiment: Southwest Airlines is reportedly considering another Boeing purchase, adding to recent commercial-aircraft deal momentum and potentially supporting Boeing’s order pipeline. Boeing Stock Gains as Southwest Considers Buy
• Positive Sentiment: Boeing averted a possible engineers’ strike after new contracts were signed, reducing a near-term operational disruption risk. Boeing Strike Deadline and New Contracts
• Positive Sentiment: Barclays maintained an optimistic outlook, with a $300 price target implying substantial upside and citing Boeing’s improving revenue trajectory. Barclays Sees Upside in Boeing Stock
• Neutral Sentiment: Board members with deeper aviation expertise could help Boeing shape its next-generation aircraft strategy, though the benefit is longer term. Boeing’s Boardroom Strategy
• Negative Sentiment: Chief Sales Officer Ihssane Mounir McMullen plans to retire, creating a leadership transition in a critical commercial-sales role. Boeing Sales Chief to Retire
• Negative Sentiment: Morgan Stanley cut its price target from $250 to $225, while retaining a Buy rating. RBC also reduced its target from $265 to $235, citing defense-budget uncertainty. Morgan Stanley Boeing Price Target
• Negative Sentiment: A separate risk-reward assessment assigned Boeing a low score and a Sell rating, underscoring valuation, balance-sheet and execution concerns. Boeing Risk-Reward Assessment

Wall Street Analyst Weigh In

Several brokerages have weighed in on BA. Wolfe Research raised Boeing from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 24th. Sanford C. Bernstein reduced their price target on shares of Boeing from $298.00 to $278.00 and set an “outperform” rating for the company in a report on Monday, October 12th. Bank of America reissued a “buy” rating and set a $270.00 price target on shares of Boeing in a report on Friday, September 18th. BNP Paribas Exane upgraded shares of Boeing from an “underperform” rating to an “outperform” rating and upped their price target for the stock from $230.00 to $300.00 in a research report on Monday, August 3rd. Finally, Rothschild & Co Redburn upped their price target on shares of Boeing from $260.00 to $285.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, four have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $266.96.

Boeing Profile

The Boeing Company (NYSE: BA) is a global aerospace company that designs, manufactures and supports commercial airplanes, military aircraft, satellites, space systems and related products and services. Its offerings serve airlines, government agencies, defense organizations and other customers worldwide.

Boeing operates through three principal business areas: Commercial Airplanes, which develops and produces passenger and cargo aircraft; Defense, Space & Security, which provides military aircraft, weapons systems, satellites and space-related platforms; and Global Services, which offers parts, maintenance, training, engineering and other lifecycle support.

Founded in 1916 by William Boeing, the company has grown into one of the world’s major aerospace manufacturers.