Sepio Capital LP Sells 5,595 Shares of The Boeing Company $BA

Sepio Capital LP trimmed its position in shares of The Boeing Company (NYSE:BA) by 15.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 30,866 shares of the aircraft producer’s stock after selling 5,595 shares during the quarter. Sepio Capital LP’s holdings in Boeing were worth $5,743,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of BA. CMH Wealth Management LLC grew its stake in Boeing by 3.9% in the third quarter. CMH Wealth Management LLC now owns 74,324 shares of the aircraft producer’s stock worth $13,828,000 after purchasing an additional 2,766 shares during the period. Benin Management CORP raised its holdings in Boeing by 28.8% in the third quarter. Benin Management CORP now owns 1,342 shares of the aircraft producer’s stock worth $250,000 after purchasing an additional 300 shares in the last quarter. NBT Bank N.A. purchased a new position in Boeing during the third quarter valued at $2,207,000. SBI Securities Co. Ltd. lifted its position in Boeing by 2.4% during the third quarter. SBI Securities Co. Ltd. now owns 17,771 shares of the aircraft producer’s stock valued at $3,306,000 after buying an additional 413 shares during the period. Finally, Crescent Grove Advisors LLC boosted its holdings in shares of Boeing by 25.0% during the 3rd quarter. Crescent Grove Advisors LLC now owns 2,547 shares of the aircraft producer’s stock valued at $474,000 after buying an additional 510 shares in the last quarter. 64.82% of the stock is owned by institutional investors.

Boeing Stock Performance

Boeing stock opened at $187.46 on Friday. The Boeing Company has a twelve month low of $176.77 and a twelve month high of $254.35. The company has a quick ratio of 0.33, a current ratio of 1.14 and a debt-to-equity ratio of 6.77. The company has a market capitalization of $148.17 billion, a P/E ratio of 81.15 and a beta of 1.26. The stock’s 50 day moving average is $201.61 and its 200 day moving average is $215.33.

Boeing (NYSE:BA) 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 company had revenue of $24.56 billion for the quarter, compared to analysts’ expectations of $24.26 billion. Boeing had a net margin of 2.41% and a negative return on equity of 346.82%. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($1.24) EPS. On average, equities research analysts predict that The Boeing Company will post -1.08 earnings per share for the current fiscal year.

Boeing News Roundup

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: The FAA granted final certification to the 737 MAX 10, clearing the way for deliveries of an aircraft with approximately 1,555 orders. The approval could help Boeing compete more effectively with Airbus’ A321neo and ease a key delivery bottleneck. Boeing 737 MAX 10 certification
• Positive Sentiment: Analysts said MAX 10 approval could support more stable production and deliveries as aircraft demand builds in 2027 and 2028, potentially improving Boeing’s cash flow and turnaround prospects. Boeing wins FAA certification
• Neutral Sentiment: Boeing is scheduled to report third-quarter results before the market opens on October 27. Analysts are focused on aircraft deliveries, services demand, production rates and other operating metrics, with some forecasts calling for double-digit earnings growth. Boeing earnings preview
• Negative Sentiment: Investors still face execution concerns ahead of earnings, including supply-chain delays, the need to ramp 737 MAX production and Boeing’s negative return on invested capital. These issues could limit the benefit of the MAX 10 certification if deliveries and profitability do not improve. Boeing stock before earnings
• Negative Sentiment: The certification news has not translated into sustained buying, likely because approval was widely expected. With Boeing trading at a high earnings multiple and carrying substantial leverage, investors may be demanding clearer evidence of improving cash generation before bidding the shares higher. Boeing receives FAA approval

Analysts Set New Price Targets

A number of analysts have recently weighed in on BA shares. Zacks Research downgraded shares of Boeing from a “hold” rating to a “strong sell” rating in a research report on Friday, October 16th. Barclays began coverage on shares of Boeing in a research note on Friday, October 9th. They issued an “overweight” rating and a $300.00 price target for the company. Citigroup cut shares of Boeing from a “buy” rating to a “sell” rating in a research report on Tuesday, August 11th. Bank of America reissued a “buy” rating and set a $270.00 price objective on shares of Boeing in a research note on Friday, September 18th. Finally, Tigress Financial boosted their price objective on shares of Boeing from $295.00 to $305.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have assigned a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $266.96.

About Boeing

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.