Canada Pension Plan Investment Board Takes Position in The Boeing Company $BA

Canada Pension Plan Investment Board acquired a new stake in shares of The Boeing Company (NYSE:BA) during the 2nd quarter, HoldingsChannel.com reports. The firm acquired 1,286,555 shares of the aircraft producer’s stock, valued at approximately $278,501,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of BA. Bank of New York Mellon Corp acquired a new position in shares of Boeing during the second quarter worth $747,763,000. Legal & General Group Plc bought a new position in Boeing during the 2nd quarter worth $710,816,000. Deutsche Bank AG acquired a new position in Boeing during the 2nd quarter worth about $539,456,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Boeing during the 2nd quarter worth about $441,997,000. Finally, Alyeska Investment Group L.P. grew its position in shares of Boeing by 245.7% in 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 buying an additional 1,600,909 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on BA. Wolfe Research cut Boeing from an “outperform” rating to a “hold” rating in a research note on Tuesday, August 11th. Btg Pactual set a $260.00 target price on shares of Boeing in a research report on Tuesday, July 14th. Royal Bank Of Canada lowered their price target on shares of Boeing from $275.00 to $265.00 and set an “outperform” rating for the company in a report on Wednesday, July 29th. Citigroup downgraded shares of Boeing from a “buy” rating to a “sell” rating in a research report on Tuesday, August 11th. Finally, Argus raised shares of Boeing from a “hold” rating to a “buy” rating and set a $265.00 price objective on the stock in a research note on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Boeing presently has an average rating of “Moderate Buy” and a consensus target price of $272.58.

Key Stories Impacting Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Major F-15 defense award: The U.S. Air Force awarded Boeing an indefinite-delivery/indefinite-quantity contract with a ceiling of approximately $131.2 billion for the F-15 Eagle Crest program. The agreement covers aircraft production, upgrades, maintenance and sustainment through August 2037, potentially strengthening Boeing’s defense revenue visibility and helping its struggling defense division. The full contract value is a ceiling rather than guaranteed revenue, so the actual financial benefit will depend on future orders. Reuters F-15 contract article
• Positive Sentiment: Turnaround and portfolio focus: Boeing sold three businesses in one week, including a transaction involving Archer Aviation. The divestitures could simplify the company, improve capital allocation and allow management to focus on commercial aircraft and core defense operations. The Archer arrangement adds strategic value, although analysts indicate it is unlikely to materially affect near-term earnings. Boeing business sales and Archer article
• Neutral Sentiment: Additional defense and commercial activity: Boeing continues to receive support from demand for its P-8 Poseidon program and delivered another 777 freighter to National Airlines. These developments reinforce aircraft demand and backlog potential but are relatively small compared with the F-15 award and are unlikely to change near-term valuation on their own. P-8 Poseidon demand article
• Negative Sentiment: Labor uncertainty: The Society of Professional Engineering Employees in Aerospace rejected Boeing’s proposed agreement by a wide margin. A difficult contract renegotiation could increase labor costs, disrupt engineering work or delay Boeing’s operational recovery. SPEEA vote article

Boeing Stock Performance

BA stock opened at $211.09 on Wednesday. The firm has a market cap of $166.84 billion, a PE ratio of 91.38 and a beta of 1.21. 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 stock has a 50-day moving average price of $221.41 and a 200-day moving average price of $221.85. The Boeing Company has a 1-year low of $176.77 and a 1-year high of $254.35.

Boeing (NYSE:BA) last announced its 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 business had revenue of $24.56 billion for the quarter, compared to the consensus estimate of $24.26 billion. During the same quarter in the previous year, the company earned ($1.24) EPS. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. As a group, equities research analysts expect that The Boeing Company will post -0.87 earnings per share for the current year.

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.