Bull Harbor Capital LLC Makes New Investment in The Boeing Company $BA

Bull Harbor Capital LLC purchased a new stake in The Boeing Company (NYSE:BA) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,164 shares of the aircraft producer’s stock, valued at approximately $630,000.

A number of other institutional investors and hedge funds have also bought and sold shares of BA. Measured Wealth Private Client Group LLC bought a new stake in shares of Boeing in the third quarter valued at about $25,000. Strive Financial Group LLC bought a new position in Boeing during the 4th quarter worth about $25,000. CrossGen Wealth LLC bought a new position in Boeing during the 4th quarter worth about $26,000. Ares Financial Consulting LLC purchased a new position in Boeing during the 4th quarter valued at about $26,000. Finally, 1 North Wealth Services LLC purchased a new position in Boeing during the 4th quarter valued at about $27,000. 64.82% of the stock is owned by institutional investors.

Key Stories Impacting Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing’s delivery pace is accelerating, a key driver of future revenue and cash generation. Higher 737 and 787 output, combined with a record $715 billion backlog, supports the bullish view that production improvements could translate into substantially stronger free cash flow. Boeing delivery pace and free cash flow
• Positive Sentiment: Certification progress and restored FAA self-certification authority for the 737 MAX and 787 represent important operational milestones that could help Boeing increase output and reduce delivery bottlenecks. BA Q2 earnings call highlights
• Positive Sentiment: Analyst sentiment remains supportive: JPMorgan raised its Boeing price target to $290 and maintained an “overweight” rating, while RBC retained an “outperform” rating with a $265 target. Boeing analyst price targets
• Neutral Sentiment: National Airlines’ delivery of a third Boeing 777-200 freighter highlights continued customer demand for Boeing aircraft, although the announcement has limited direct near-term financial impact. National Airlines Boeing 777 freighter delivery
• Negative Sentiment: Boeing still reported a larger-than-expected quarterly loss, partly because of rising Air Force One program costs, underscoring continuing execution problems in its defense business. Boeing second-quarter loss
• Negative Sentiment: The FAA flagged a quality issue affecting seats on hundreds of 737 MAX jets, creating potential inspection, repair and reputational risks. Boeing also faces a longer-term competitive threat from JetZero’s government-backed blended-wing aircraft program. FAA Boeing MAX seat quality issue

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on BA. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Boeing in a research report on Tuesday, July 21st. Citigroup lifted their price objective on shares of Boeing from $256.00 to $260.00 and gave the company a “buy” rating in a report on Monday, May 18th. Btg Pactual set a $260.00 price objective on shares of Boeing in a research note on Tuesday, July 14th. William Blair restated an “outperform” rating on shares of Boeing in a report on Tuesday. Finally, Morgan Stanley increased their target price on Boeing from $245.00 to $250.00 and gave the company an “equal weight” rating in a research report on Thursday, April 23rd. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $264.42.

Boeing Stock Performance

Shares of Boeing stock opened at $221.13 on Friday. The company has a market capitalization of $174.77 billion, a PE ratio of 95.73 and a beta of 1.21. The company has a 50-day simple moving average of $219.19 and a two-hundred day simple moving average of $223.98. The Boeing Company has a one year low of $176.77 and a one year high of $254.35. The company has a debt-to-equity ratio of 6.77, a quick ratio of 0.35 and a current ratio of 1.14.

Boeing (NYSE:BA) last released 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). 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 the consensus estimate of $24.26 billion. During the same quarter in the prior year, the business posted ($1.24) earnings per share. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. Research analysts expect that The Boeing Company will post -0.33 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Bradley D. Tilden bought 1,370 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was bought at an average price of $218.50 per share, with a total value of $299,345.00. Following the completion of the transaction, the director directly owned 1,370 shares of the company’s stock, valued at approximately $299,345. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.10% of the stock is owned by insiders.

Boeing Company 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.