Knuff & Co LLC Invests $3.90 Million in The Boeing Company $BA

Knuff & Co LLC bought a new position in The Boeing Company (NYSE:BA) in the 2nd quarter, Holdings Channel.com reports. The firm bought 18,031 shares of the aircraft producer’s stock, valued at approximately $3,903,000. Boeing comprises approximately 1.0% of Knuff & Co LLC’s holdings, making the stock its 25th biggest holding.

Other institutional investors have also added to or reduced their stakes in the company. Revolve Wealth Partners LLC bought a new stake in Boeing during the fourth quarter worth about $201,000. Sivia Capital Partners LLC increased its position in shares of Boeing by 16.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,529 shares of the aircraft producer’s stock valued at $320,000 after purchasing an additional 217 shares during the last quarter. AXA S.A. increased its position in shares of Boeing by 1,225.7% during the 2nd quarter. AXA S.A. now owns 34,655 shares of the aircraft producer’s stock valued at $7,261,000 after purchasing an additional 32,041 shares during the last quarter. Ieq Capital LLC raised its holdings in shares of Boeing by 243.8% during the 2nd 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. raised its holdings in shares of Boeing by 4.2% during the 2nd 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. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Down 0.6%

Shares of Boeing stock opened at $221.79 on Thursday. The company has a debt-to-equity ratio of 6.77, a quick ratio of 0.33 and a current ratio of 1.14. The Boeing Company has a 52-week low of $176.77 and a 52-week high of $254.35. The company’s 50 day moving average price is $222.33 and its 200-day moving average price is $222.44. The stock has a market capitalization of $175.30 billion, a price-to-earnings ratio of 96.01 and a beta of 1.21.

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 firm had revenue of $24.56 billion for 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%. The company’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the company earned ($1.24) EPS. Equities research analysts forecast that The Boeing Company will post -0.87 EPS for the current year.

Boeing News Roundup

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing is pursuing an internal turnaround under CEO Kelly Ortberg, emphasizing engineering discipline, production quality and long-term aircraft development rather than short-term Wall Street targets. The strategy could improve execution and restore customer and investor confidence, although results will take time. How Kelly Ortberg is rebuilding Boeing from the inside out
• Positive Sentiment: Wright-Patterson Air Force Base awarded Boeing a $75 million contract for Air Force One spare parts, providing incremental support for the company’s defense and government-services business. Boeing $75 million Air Force One parts contract
• Positive Sentiment: Boeing and Lockheed Martin’s United Launch Alliance reportedly completed a $1.5 billion private bond offering—three times the initial target—suggesting strong investor demand for ULA financing and continued interest in its space business. Boeing Q2 earnings context

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Cantor Fitzgerald lowered Boeing to a “neutral” rating in a research note on Tuesday, August 11th. UBS Group began coverage on shares of Boeing in a research note on Tuesday, August 11th. They set a “buy” rating on the stock. Sanford C. Bernstein initiated coverage on shares of Boeing in a report on Tuesday, August 11th. They issued an “outperform” rating for the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Boeing in a research note on Tuesday, July 21st. Finally, Barclays lowered shares of Boeing from an “equal weight” rating to an “underweight” rating in a report on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Boeing currently has an average rating of “Moderate Buy” and an average price target of $272.58.

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.