The Boeing Company $BA Stake Raised by Edgemoor Investment Advisors Inc.

Edgemoor Investment Advisors Inc. grew its stake in The Boeing Company (NYSE:BA) by 68.4% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 19,070 shares of the aircraft producer’s stock after acquiring an additional 7,748 shares during the period. Edgemoor Investment Advisors Inc.’s holdings in Boeing were worth $3,548,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Paul R. Ried Financial Group LLC increased its holdings in Boeing by 0.3% in the 1st quarter. Paul R. Ried Financial Group LLC now owns 18,060 shares of the aircraft producer’s stock valued at $3,594,000 after purchasing an additional 49 shares during the last quarter. BlueChip Wealth Advisors LLC raised its position in Boeing by 2.6% in the first quarter. BlueChip Wealth Advisors LLC now owns 1,945 shares of the aircraft producer’s stock valued at $381,000 after purchasing an additional 50 shares during the period. Enterprise Financial Services Corp raised its position in Boeing by 1.8% in the first quarter. Enterprise Financial Services Corp now owns 2,821 shares of the aircraft producer’s stock valued at $561,000 after purchasing an additional 51 shares during the period. Gradient Investments LLC lifted its stake in Boeing by 0.9% during the second quarter. Gradient Investments LLC now owns 5,681 shares of the aircraft producer’s stock worth $1,230,000 after purchasing an additional 51 shares in the last quarter. Finally, Sandy Cove Advisors LLC lifted its stake in Boeing by 5.1% during the second quarter. Sandy Cove Advisors LLC now owns 1,076 shares of the aircraft producer’s stock worth $233,000 after purchasing an additional 52 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

More Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Avolon ordered 140 Boeing 737-10 jets, a record order that reinforces demand for Boeing’s largest 737 variant and adds to its backlog. Boeing Looks 8% Overvalued Following Avolon’s Order
• Positive Sentiment: Two directors bought Boeing shares after the stock’s decline, while a report also cited positive free cash flow. Those signals may bolster confidence, though they do not resolve operational challenges. Boeing Has the Orders, the Cash Flow, and Insider Buyers
• Neutral Sentiment: A valuation analysis said Boeing shares looked about 8% overvalued despite the Avolon order, reflecting concerns about the company’s recent performance and delivery outlook. Boeing Valuation Analysis
• Negative Sentiment: Boeing reportedly delivered 32 MAX jets in October, its lowest monthly total in nearly a year. Fewer deliveries could weigh on revenue and complicate the production recovery. October MAX Deliveries
• Negative Sentiment: The FAA is scrutinizing Dreamliner wing issues, adding a potential quality-control and regulatory overhang that could raise the risk of delays or added costs. FAA Scrutiny of Dreamliner Wings

Boeing Stock Performance

NYSE:BA opened at $173.44 on Monday. The company has a fifty day simple moving average of $192.39 and a two-hundred day simple moving average of $215.41. The company has a market cap of $137.44 billion, a price-to-earnings ratio of 18.87 and a beta of 1.34. The company has a quick ratio of 0.34, a current ratio of 1.13 and a debt-to-equity ratio of 6.31. The Boeing Company has a 52 week low of $165.01 and a 52 week high of $254.35.

Boeing (NYSE:BA) last posted its quarterly earnings data on Tuesday, October 27th. The aircraft producer reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.09). The company had revenue of $24.19 billion for the quarter, compared to analysts’ expectations of $23.95 billion. Boeing had a negative return on equity of 42.40% and a net margin of 7.98%. The firm’s revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the company posted ($7.47) EPS. As a group, equities analysts anticipate that The Boeing Company will post -1.84 earnings per share for the current fiscal year.

Insider Buying and Selling at Boeing

In related news, Director Steven M. Mollenkopf purchased 2,950 shares of Boeing stock in a transaction on Friday, October 30th. The shares were bought at an average price of $173.03 per share, with a total value of $510,438.50. Following the transaction, the director directly owned 6,717 shares of the company’s stock, valued at approximately $1,162,242.51. This trade represents a 78.31% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mortimer J. Buckley purchased 5,820 shares of Boeing stock in a transaction on Friday, October 30th. The stock was bought at an average cost of $171.55 per share, for a total transaction of $998,421.00. Following the transaction, the director directly owned 10,250 shares in the company, valued at $1,758,387.50. This represents a 131.38% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on BA. TD Cowen lowered their price target on Boeing from $240.00 to $210.00 and set a “buy” rating for the company in a research report on Wednesday, October 28th. Cantor Fitzgerald downgraded Boeing to a “neutral” rating in a report on Tuesday, August 11th. Wolfe Research upgraded Boeing from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 24th. Btg Pactual set a $260.00 target price on Boeing in a research note on Tuesday, July 14th. Finally, Robert W. Baird lowered their target price on Boeing from $300.00 to $230.00 and set an “outperform” rating for the company in a report on Wednesday, October 28th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Boeing presently has a consensus rating of “Moderate Buy” and an average target price of $247.88.

About Boeing

The Boeing Company is an aerospace manufacturer that designs, builds and supports commercial airplanes, defense products and space systems. Its commercial aircraft include the 737, 767, 777 and 787 families, which serve passenger and cargo operators around the world.

Boeing’s defense, space and security business supplies military aircraft, helicopters, weapons, satellites and related systems, as well as services for government customers. Its Boeing Global Services business provides support such as maintenance, parts, training and logistics for commercial and government customers.

Founded in 1916 by William Boeing, the company has grown into a global aerospace business serving customers across the Americas, Europe, Asia and other regions.