Hennion & Walsh Asset Management Inc. Grows Position in The Boeing Company $BA

Hennion & Walsh Asset Management Inc. raised its stake in shares of The Boeing Company (NYSE:BA) by 13.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,706 shares of the aircraft producer’s stock after purchasing an additional 3,401 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Boeing were worth $6,214,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in BA. Measured Wealth Private Client Group LLC purchased a new position in shares of Boeing during the third quarter worth $25,000. Strive Financial Group LLC acquired a new stake in Boeing during the 4th quarter worth about $25,000. CrossGen Wealth LLC acquired a new stake in Boeing during the 4th quarter worth about $26,000. Ares Financial Consulting LLC purchased a new position in shares of Boeing during the 4th quarter valued at about $26,000. Finally, 1 North Wealth Services LLC purchased a new position in shares of Boeing during the 4th quarter valued at about $27,000. Hedge funds and other institutional investors 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 approved Boeing’s 737 MAX 7 for commercial service after a lengthy certification process. The approval allows Boeing to begin delivering completed aircraft and removes a major bottleneck for its backlog, supporting expectations for higher revenue, deliveries and cash generation. Boeing Wins 737 MAX 7 Approval
• Positive Sentiment: Analyst optimism is providing another tailwind. Tigress Financial raised its price target on BA from $295 to $305 and reiterated a “buy” rating, citing the company’s operational acceleration and the potential benefits of the MAX 7 rollout. Boeing Price Target Raised
• Positive Sentiment: Recent coverage points to improving production, deliveries and cash-flow prospects as Boeing moves past manufacturing disruptions and regulatory restrictions. Jim Cramer’s earlier bullish view on a turnaround is being highlighted after BA’s recent rally, although his comments are primarily sentiment-driven rather than a new fundamental catalyst. Jim Cramer on Boeing
• Neutral Sentiment: BA has gained roughly 8% this week following the MAX 7 approval, but its longer-term performance remains more muted. At about $234, the stock is near the upper portion of its 52-week range, with a forward-looking turnaround narrative already reflected in a high valuation.
• Negative Sentiment: The FAA ordered inspections of 471 737-8, 737-9 and 737-8200 aircraft after identifying possible cracks near a service-door structural reinforcement. Boeing supports the directive and says the issue has not been observed in the MAX fleet, but required inspections and any repairs could increase costs, delay aircraft and revive concerns about Boeing’s quality controls. FAA Probe Into Boeing 737 Jets

Insider Buying and Selling

In related news, Director Bradley D. Tilden purchased 1,370 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was bought at an average price of $218.50 per share, with a total value of $299,345.00. Following the acquisition, the director owned 1,370 shares in the company, valued at $299,345. The trade was a ? increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

BA has been the subject of several recent research reports. Btg Pactual set a $260.00 price target on Boeing in a research report on Tuesday, July 14th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Boeing in a report on Tuesday, July 21st. Citigroup increased their price target on shares of Boeing from $256.00 to $260.00 and gave the stock a “buy” rating in a report on Monday, May 18th. William Blair reaffirmed an “outperform” rating on shares of Boeing in a report on Tuesday, July 28th. Finally, Morgan Stanley upped their price objective on shares of Boeing from $245.00 to $250.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 23rd. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Boeing presently has an average rating of “Moderate Buy” and an average target price of $273.00.

Boeing Stock Up 0.0%

Shares of BA opened at $234.48 on Monday. 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 Boeing Company has a 12 month low of $176.77 and a 12 month high of $254.35. The stock’s 50 day moving average is $220.24 and its two-hundred day moving average is $223.44. The firm has a market cap of $185.33 billion, a P/E ratio of 101.51 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 for the quarter, missing the consensus estimate 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 period in the previous year, the company earned ($1.24) earnings per share. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. Analysts predict that The Boeing Company will post -0.88 earnings per share for the current fiscal year.

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.