The Boeing Company $BA Stock: Sterling Capital Management LLC Trims Holdings

Sterling Capital Management LLC lowered its stake in shares of The Boeing Company (NYSE:BA) by 9.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 33,478 shares of the aircraft producer’s stock after selling 3,349 shares during the quarter. Sterling Capital Management LLC’s holdings in Boeing were worth $6,229,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. BIP Wealth LLC raised its position in Boeing by 9.3% in the 3rd quarter. BIP Wealth LLC now owns 1,483 shares of the aircraft producer’s stock worth $276,000 after purchasing an additional 126 shares during the last quarter. Private Wealth Partners LLC lifted its holdings in Boeing by 5.2% during the 3rd quarter. Private Wealth Partners LLC now owns 1,506 shares of the aircraft producer’s stock worth $280,000 after buying an additional 75 shares in the last quarter. MBL Wealth LLC lifted its holdings in Boeing by 17.7% during the 3rd quarter. MBL Wealth LLC now owns 1,514 shares of the aircraft producer’s stock worth $282,000 after buying an additional 228 shares in the last quarter. U S Global Investors Inc. boosted its position in Boeing by 5.8% in the 3rd quarter. U S Global Investors Inc. now owns 79,260 shares of the aircraft producer’s stock valued at $14,746,000 after buying an additional 4,353 shares during the last quarter. Finally, Compass Wealth Management LLC bought a new position in Boeing in the 3rd quarter valued at $138,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

More Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: The FAA has granted final certification for Boeing’s long-delayed 737 MAX 10, removing a significant hurdle for deliveries and allowing the aircraft to compete more directly with Airbus’ A321neo. The approval could support Boeing’s backlog, revenue, cash flow, and long-term competitiveness. Boeing wins FAA certification for 737 MAX 10
• Positive Sentiment: Analysts and investors expect the MAX 10 approval, rising aircraft deliveries, and stronger commercial-services demand to improve earnings and support Boeing’s turnaround. A production recovery could also improve margins across the aerospace supply chain. Great News for Boeing Investors
• Positive Sentiment: GA-ASI, a General Atomics business, is partnering with Spirit Defense, a Boeing company, to support airframe production for the FQ-42 Vengeance Collaborative Combat Aircraft. The relationship highlights potential defense-manufacturing activity for Boeing-affiliated operations, although the financial impact was not disclosed. GA-ASI Partnering With Spirit Defense For FQ-42 CCA Production
• Neutral Sentiment: Boeing is scheduled to report third-quarter results before the market opens on October 27. Investors will focus on deliveries, free cash flow, MAX production, services demand, and management’s guidance for the recovery. Boeing Stock Preps the Runway Ahead of Earnings
• Negative Sentiment: Despite the certification win, investors remain concerned about Boeing’s high debt burden, weak liquidity metrics, supply-chain delays, negative returns on invested capital, and the company’s ability to convert production growth into sustainable cash flow. What’s Going on With Boeing Shares on Friday?

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Rothschild & Co Redburn lifted their target price on Boeing from $260.00 to $285.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Zacks Research downgraded Boeing from a “hold” rating to a “strong sell” rating in a research report on Friday, October 16th. Royal Bank Of Canada cut their price target on Boeing from $265.00 to $235.00 and set an “outperform” rating on the stock in a research note on Thursday, October 15th. Wall Street Zen cut Boeing from a “hold” rating to a “sell” rating in a report on Saturday. Finally, TD Cowen decreased their price target on Boeing from $250.00 to $240.00 and set a “buy” rating on the stock in a report on Friday, October 9th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $266.96.

Boeing Stock Up 0.4%

Shares of NYSE:BA opened at $188.36 on Friday. The company has a debt-to-equity ratio of 6.77, a current ratio of 1.14 and a quick ratio of 0.33. The stock has a market cap of $148.87 billion, a price-to-earnings ratio of 81.54 and a beta of 1.26. The company has a 50 day moving average of $200.75 and a 200-day moving average of $215.14. The Boeing Company has a one year low of $176.77 and a one year high of $254.35.

Boeing (NYSE:BA) last announced its quarterly earnings data 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). 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 during the quarter, compared to analyst estimates of $24.26 billion. During the same quarter in the prior year, the company earned ($1.24) earnings per share. The company’s quarterly revenue was up 8.0% on a year-over-year basis. On average, sell-side analysts forecast that The Boeing Company will post -1.08 earnings per share for the current year.

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.