LaSalle St. Investment 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 Form 13F filing with the SEC. The fund purchased 5,165 shares of the aircraft producer’s stock, valued at approximately $1,118,000.
Several other large investors have also bought and sold shares of BA. Vanguard Group Inc. raised its stake in Boeing by 5.1% during the fourth quarter. Vanguard Group Inc. now owns 70,989,438 shares of the aircraft producer’s stock worth $15,413,227,000 after acquiring an additional 3,460,021 shares in the last quarter. Bank of New York Mellon Corp bought a new position in shares of Boeing in the second quarter worth about $747,763,000. Deutsche Bank AG acquired a new stake in shares of Boeing in the 2nd quarter valued at approximately $539,456,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Boeing during the 2nd quarter valued at approximately $441,997,000. Finally, Alyeska Investment Group L.P. grew its holdings in shares of Boeing by 245.7% during the 4th quarter. Alyeska Investment Group L.P. now owns 2,252,450 shares of the aircraft producer’s stock valued at $489,052,000 after purchasing an additional 1,600,909 shares during the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several brokerages recently commented on BA. Cantor Fitzgerald downgraded shares of Boeing to a “neutral” rating in a research note on Tuesday, August 11th. Citigroup cut shares of Boeing from a “buy” rating to a “sell” rating in a research note on Tuesday, August 11th. JPMorgan Chase & Co. upped their price target on shares of Boeing from $270.00 to $290.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Tigress Financial increased their price target on Boeing from $295.00 to $305.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Finally, Royal Bank Of Canada reduced their price objective on Boeing from $275.00 to $265.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, Boeing presently has a consensus rating of “Moderate Buy” and a consensus target price of $272.58.
Boeing News Summary
Here are the key news stories impacting Boeing this week:
- Positive Sentiment: The U.S. State Department approved a potential $4.5 billion sale of KC-46A aerial refueling tankers to Qatar. The deal would support Boeing’s defense backlog and international sales, although it remains subject to final agreements and congressional review. US approves potential $4.5B sale of Boeing KC-46A tankers to Qatar
- Positive Sentiment: Boeing is progressing repairs and interior work on the next Air Force One aircraft, and it recently received a contract worth roughly $75 million for Air Force One parts. These developments provide defense and government-services revenue, though schedule pressure remains. Boeing advances Air Force One repairs
- Neutral Sentiment: Boeing’s partnership with Archer Aviation involves transferring Boeing-owned businesses—including Wisk Aero, Insitu and SkyGrid—in exchange for a strategic equity stake in Archer. The transaction could monetize noncore assets and preserve exposure to future aviation technology, but its near-term financial effect on BA is unclear. Archer Aviation bets big on becoming more than an air taxi company
- Negative Sentiment: The largest near-term overhang is uncertainty surrounding a contract vote by approximately 17,000 SPEEA engineers and technical workers. Rejection could lead to strike authorization after contracts expire on October 6, potentially disrupting Boeing’s recovery, certification work and production ramp. Boeing slides as labor vote uncertainty appears to outweigh recent operational progress
- Negative Sentiment: Air Force One repair work faces potential schedule threats related to windows and interior installation, reinforcing investor concerns about Boeing’s ability to execute complex programs on time and control costs.
- Negative Sentiment: Boeing’s $1.5 billion private bond financing for United Launch Alliance highlights continued capital needs and leverage concerns. With elevated debt and historically weak profitability, additional borrowing may weigh on sentiment despite supporting liquidity. A $1.5 Billion Deal: Why Boeing and Lockheed Stocks Are in Focus
Boeing Price Performance
Shares of BA opened at $215.22 on Friday. The Boeing Company has a 1 year low of $176.77 and a 1 year high of $254.35. 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 company has a market capitalization of $170.10 billion, a price-to-earnings ratio of 93.17 and a beta of 1.21. The business has a 50-day moving average of $222.21 and a 200-day moving average of $222.31.
Boeing (NYSE:BA – Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The aircraft producer reported ($0.76) earnings per share (EPS) 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%. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the prior year, the firm earned ($1.24) earnings per share. As a group, equities research analysts anticipate that The Boeing Company will post -0.87 earnings per share for the current year.
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.
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