Everett Harris & Co. CA Makes New Investment in The Boeing Company $BA

Everett Harris & Co. CA purchased a new position in shares of The Boeing Company (NYSE:BA) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 5,246 shares of the aircraft producer’s stock, valued at approximately $1,136,000.

Other large investors have also made changes to their positions in the company. Revolve Wealth Partners LLC purchased a new stake in Boeing during the fourth quarter worth about $201,000. Sivia Capital Partners LLC grew its position in Boeing by 16.5% during the second quarter. Sivia Capital Partners LLC now owns 1,529 shares of the aircraft producer’s stock worth $320,000 after buying an additional 217 shares during the period. AXA S.A. grew its position in Boeing by 1,225.7% during the second quarter. AXA S.A. now owns 34,655 shares of the aircraft producer’s stock worth $7,261,000 after buying an additional 32,041 shares during the period. Ieq Capital LLC increased its holdings in Boeing by 243.8% in the second quarter. Ieq Capital LLC now owns 33,485 shares of the aircraft producer’s stock valued at $7,016,000 after buying an additional 23,746 shares in the last quarter. Finally, Alliancebernstein L.P. increased its holdings in Boeing by 4.2% in the second quarter. Alliancebernstein L.P. now owns 1,334,451 shares of the aircraft producer’s stock valued at $279,608,000 after buying an additional 53,736 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

NYSE:BA opened at $231.50 on Friday. 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 firm has a 50-day moving average price of $221.70 and a two-hundred day moving average price of $222.97. The Boeing Company has a twelve month low of $176.77 and a twelve month high of $254.35. The company has a market capitalization of $182.97 billion, a P/E ratio of 100.21 and a beta of 1.21.

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

Trending Headlines about Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: The Pentagon signed framework agreements with Boeing and RTX to increase production of components for SM-3 Block IIA and Block IB interceptor missiles. The seven-year arrangements could provide greater visibility for Boeing’s defense business and support incremental revenue, helping drive the stock higher. Pentagon signs deals with Boeing and RTX
• Positive Sentiment: Boeing is selling Wisk Aero, Insitu and SkyGrid to Archer Aviation in an all-stock transaction that gives Boeing an approximately 20% stake in Archer. Analysts view the deal as a way to exit a struggling, non-core air-taxi operation while retaining exposure to autonomy and electric-aircraft technologies, potentially sharpening Boeing’s turnaround focus. Boeing’s Wisk sale and portfolio strategy
• Positive Sentiment: Avolon agreed to lease up to seven Boeing 737-8200 aircraft to India’s Akasa Air. The transaction supports continued demand for Boeing’s narrow-body aircraft in one of the aviation industry’s fastest-growing markets. Avolon and Akasa Air 737 transaction
• Neutral Sentiment: Odysight.ai received a Boeing purchase order and will demonstrate AI-powered predictive-maintenance technology at two Boeing sites. The initiative could improve future maintenance capabilities and create supplier opportunities, but its immediate financial impact on BA is expected to be limited. Odysight.ai Boeing purchase order
• Neutral Sentiment: JLL is considering Boeing’s former Chicago headquarters for a potential global headquarters move. The move could benefit Boeing through property monetization or reduced real-estate obligations, though no transaction has been finalized. JLL considers Boeing’s former headquarters

Analyst Ratings Changes

BA has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their price target on shares of Boeing from $270.00 to $290.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. The Goldman Sachs Group cut Boeing from a “buy” rating to a “hold” rating in a report on Tuesday. Sanford C. Bernstein assumed coverage on Boeing in a research note on Tuesday. They issued an “outperform” rating for the company. Robert W. Baird set a $300.00 price objective on Boeing in a report on Wednesday, July 29th. Finally, BNP Paribas Exane upgraded Boeing from an “underperform” rating to an “outperform” rating and boosted their target price for the stock from $230.00 to $300.00 in a research report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $272.58.

Insider Buying and Selling at Boeing

In other Boeing news, Director Bradley D. Tilden acquired 1,370 shares of the company’s stock in a transaction dated Wednesday, May 20th. The stock was acquired at an average cost of $218.50 per share, with a total value of $299,345.00. Following the purchase, the director directly owned 1,370 shares in the company, valued at approximately $299,345. This trade represents a ? increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 0.10% of the stock is currently owned by company 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.