Engineers Gate Manager LP Has $60.88 Million Stake in The Boeing Company $BA

Engineers Gate Manager LP lifted its position in The Boeing Company (NYSE:BA) by 71.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 281,264 shares of the aircraft producer’s stock after purchasing an additional 116,818 shares during the period. Boeing accounts for about 0.8% of Engineers Gate Manager LP’s investment portfolio, making the stock its 9th biggest position. Engineers Gate Manager LP’s holdings in Boeing were worth $60,885,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of BA. Revolve Wealth Partners LLC bought a new stake in shares of Boeing in the fourth quarter valued at about $201,000. Sivia Capital Partners LLC increased its position in Boeing by 16.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,529 shares of the aircraft producer’s stock valued at $320,000 after purchasing an additional 217 shares during the period. AXA S.A. increased its position in Boeing by 1,225.7% during the 2nd quarter. AXA S.A. now owns 34,655 shares of the aircraft producer’s stock valued at $7,261,000 after purchasing an additional 32,041 shares during the period. Ieq Capital LLC raised its holdings in shares of Boeing by 243.8% in the 2nd quarter. Ieq Capital LLC now owns 33,485 shares of the aircraft producer’s stock valued at $7,016,000 after purchasing an additional 23,746 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in shares of Boeing by 4.2% in the 2nd quarter. Alliancebernstein L.P. now owns 1,334,451 shares of the aircraft producer’s stock valued at $279,608,000 after purchasing an additional 53,736 shares in the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Argus upgraded 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. Weiss Ratings restated a “sell (d+)” rating on shares of Boeing in a report on Tuesday, July 21st. Cantor Fitzgerald cut Boeing to a “neutral” rating in a research report on Tuesday, August 11th. Citigroup downgraded Boeing from a “buy” rating to a “sell” rating in a report on Tuesday, August 11th. Finally, Btg Pactual set a $260.00 price target on Boeing in a research report on Tuesday, July 14th. 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 given a Sell rating to the stock. According to data from MarketBeat.com, 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: Boeing’s stock rose despite August deliveries falling to 51 aircraft from 57 a year earlier. Investors appeared to look past the 11% decline, viewing the weakness as concentrated in 787 Dreamliner handovers and expecting future deliveries to support cash generation. Boeing Rises Even as August Deliveries Fall 11%
• Positive Sentiment: Boeing’s free cash flow has turned positive, an important milestone for its highly leveraged turnaround. The improvement could support the stock if the company can sustain production, complete aircraft deliveries, and avoid further cash-consuming quality or development problems. Boeing’s Free Cash Flow Turned Positive
• Positive Sentiment: An $880 million U.S. Navy contract highlights Boeing’s defense backlog and provides support for its government business. The report that President Donald Trump’s team bought BA shares on the same day as the contract announcement may attract attention, but it does not change Boeing’s underlying earnings outlook. President Trump Bought BA Stock the Same Day Boeing Won an $880M U.S. Navy Contract
• Neutral Sentiment: Archer Aviation’s planned purchase of Boeing businesses including Wisk Aero, Insitu, and SkyGrid indicates Boeing may be reshaping its portfolio and monetizing non-core assets. The transaction could improve focus and liquidity, but the longer-term effect on BA depends on the price and terms. Archer Aviation Is Buying Boeing’s Wisk Aero, Insitu, and SkyGrid
• Negative Sentiment: The fatal Miami cargo-plane crash involving a 1994-built Boeing 767 converted to a freighter is adding safety-related pressure to the broader Boeing narrative. The aircraft was operated by 21 Air, and investigators have not established Boeing responsibility, but the inquiry could weigh on sentiment toward BA. Everything to Know About the Boeing Jet That Overshot a Miami Runway

Boeing Stock Down 0.7%

BA stock opened at $210.80 on Wednesday. The firm has a market cap of $166.61 billion, a PE ratio of 91.26 and a beta of 1.21. The Boeing Company has a one year low of $176.77 and a one year high of $254.35. The firm’s fifty day moving average is $219.48 and its 200 day moving average is $219.65. The company has a debt-to-equity ratio of 6.77, a quick ratio of 0.33 and a current ratio of 1.14.

Boeing (NYSE:BA) last posted its quarterly earnings data 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). The company had revenue of $24.56 billion for the quarter, compared to analyst estimates of $24.26 billion. Boeing had a negative return on equity of 346.82% and a net margin of 2.41%.The business’s revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the company posted ($1.24) earnings per share. On average, research analysts forecast that The Boeing Company will post -0.87 EPS for the current year.

Boeing Profile

The Boeing Company is a global aerospace company that designs, manufactures and services commercial airplanes, military aircraft, satellites, space systems and other aerospace products. Its principal business areas include commercial airplanes, defense and security, and aftermarket services that support aircraft operations throughout their life cycles.

Boeing’s commercial portfolio includes the 737, 767, 777 and 787 families of jetliners, while its defense and space operations provide products and services for the U.S.