Osterweis Capital Management Inc. Invests $31.78 Million in The Boeing Company $BA

Osterweis Capital Management Inc. bought a new position in shares of The Boeing Company (NYSE:BA) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 146,792 shares of the aircraft producer’s stock, valued at approximately $31,776,000. Boeing accounts for about 1.5% of Osterweis Capital Management Inc.’s portfolio, making the stock its 23rd biggest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Measured Wealth Private Client Group LLC acquired a new stake in Boeing during the 3rd quarter worth about $25,000. Strive Financial Group LLC purchased a new position in shares of Boeing during the 4th quarter valued at about $25,000. CrossGen Wealth LLC acquired a new position in shares of Boeing in the 4th quarter valued at about $26,000. Ares Financial Consulting LLC acquired a new position in shares of Boeing in the 4th quarter valued at about $26,000. Finally, 1 North Wealth Services LLC purchased a new stake in shares of Boeing in the fourth quarter worth about $27,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Wolfe Research lowered Boeing from an “outperform” rating to a “hold” rating in a report on Tuesday, August 11th. JPMorgan Chase & Co. boosted their price target on Boeing from $270.00 to $290.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Btg Pactual set a $260.00 price objective on Boeing in a research report on Tuesday, July 14th. Robert W. Baird set a $300.00 price objective on shares of Boeing in a research note on Wednesday, July 29th. Finally, BNP Paribas Exane raised shares of Boeing from an “underperform” rating to an “outperform” rating and lifted their target price for the company from $230.00 to $300.00 in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $272.58.

Boeing Trading Down 1.7%

BA stock opened at $210.50 on Tuesday. The Boeing Company has a 52-week low of $176.77 and a 52-week 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 firm has a market cap of $166.37 billion, a P/E ratio of 91.13 and a beta of 1.21. The company’s 50-day simple moving average is $221.74 and its 200-day simple moving average is $222.02.

Boeing (NYSE:BA) last announced its quarterly earnings results on Tuesday, July 28th. The aircraft producer reported ($0.76) earnings per share for the quarter, missing the consensus estimate of ($0.34) by ($0.42). The business had revenue of $24.56 billion during 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%. Boeing’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($1.24) EPS. As a group, equities analysts forecast that The Boeing Company will post -0.87 EPS for the current fiscal year.

Key Headlines Impacting Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing received a U.S. Department of War indefinite-delivery/indefinite-quantity contract with a ceiling value of $131.23 billion to support the F-15 Eagle Crest program. Although the ceiling is not guaranteed revenue, the award strengthens Boeing’s long-term defense backlog and could provide significant future cash flow. Boeing awarded contract for F-15 program
• Positive Sentiment: Strong maritime-defense demand is supporting Boeing’s P-8 Poseidon business, including a new $156.2 million contract. The award adds evidence that Boeing’s defense segment can supplement its commercial-aircraft recovery. P-8 Poseidon defense growth
• Positive Sentiment: National Airlines accepted its fourth Boeing 777-200 Freighter, highlighting ongoing cargo-aircraft demand and supporting Boeing’s production and delivery activity. National Airlines receives Boeing 777 freighter
• Neutral Sentiment: Analysts continue to focus on Boeing’s ability to increase 737 MAX production against its substantial backlog. Higher output could improve revenue and benefit suppliers, but execution, regulatory oversight and supply-chain constraints remain important risks. Boeing production and suppliers
• Negative Sentiment: Members of the Society of Professional Engineering Employees in Aerospace reportedly rejected Boeing’s proposed agreement by a wide margin. The labor setback raises the risk of extended negotiations, higher costs or disruption to engineering and production programs. SPEEA rejects Boeing proposal
• Negative Sentiment: United Airlines is reconsidering how to use premium seats ordered for delayed 737 MAX 10 aircraft, underscoring the model’s prolonged certification and delivery delays. Continued uncertainty could weigh on Boeing’s delivery targets and customer relationships. United Airlines and 737 MAX 10 delays

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.