Strait & Sound Wealth Management LLC Takes Position in The Boeing Company $BA

Strait & Sound Wealth Management LLC bought a new position in The Boeing Company (NYSE:BA) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 4,269 shares of the aircraft producer’s stock, valued at approximately $924,000.

Other hedge funds also recently made changes to their positions in the company. Measured Wealth Private Client Group LLC purchased a new position in Boeing during the 3rd quarter valued at approximately $25,000. Strive Financial Group LLC purchased a new position in shares of Boeing in the fourth quarter valued at $25,000. CrossGen Wealth LLC bought a new stake in Boeing in the fourth quarter worth $26,000. 1 North Wealth Services LLC bought a new stake in Boeing in the fourth quarter worth $27,000. Finally, Wealth Preservation Advisors LLC increased its position in Boeing by 66.7% in the fourth quarter. Wealth Preservation Advisors LLC now owns 125 shares of the aircraft producer’s stock worth $27,000 after purchasing an additional 50 shares during the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Boeing Trading Down 0.0%

BA stock opened at $209.84 on Friday. 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 Boeing Company has a twelve month low of $176.77 and a twelve month high of $254.35. The stock has a market capitalization of $165.85 billion, a price-to-earnings ratio of 90.84 and a beta of 1.21. The firm’s fifty day simple moving average is $220.60 and its two-hundred day simple moving average is $221.36.

Boeing (NYSE:BA) last released its earnings results on Tuesday, July 28th. The aircraft producer reported ($0.76) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.34) by ($0.42). The firm had revenue of $24.56 billion during the quarter, compared to the consensus estimate of $24.26 billion. Boeing had a negative return on equity of 346.82% and a net margin of 2.41%.Boeing’s revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the business posted ($1.24) EPS. As a group, analysts anticipate that The Boeing Company will post -0.87 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BA has been the subject of several research reports. William Blair reiterated an “outperform” rating on shares of Boeing in a research report on Tuesday, July 28th. Argus upgraded shares of Boeing from a “hold” rating to a “buy” rating and set a $265.00 target price on the stock in a report on Tuesday, August 11th. UBS Group initiated coverage on shares of Boeing in a research report on Tuesday, August 11th. They set a “buy” rating on the stock. Sanford C. Bernstein started coverage on Boeing in a research report on Tuesday, August 11th. They issued an “outperform” rating for the company. Finally, Citigroup cut Boeing from a “buy” rating to a “sell” rating in a research note on Tuesday, August 11th. One 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. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $272.58.

More Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing expanded and extended its credit facilities, including a new 364-day agreement with a lender syndicate. The move should improve near-term liquidity and financial flexibility, although it also underscores the company’s substantial funding needs. Boeing Expands and Extends Credit Facilities to Bolster Liquidity
• Positive Sentiment: The Pentagon awarded Boeing a sole-source F-15 sustainment contract with a potential ceiling of roughly $131.2 billion through 2037. The headline figure strengthens Boeing’s defense backlog, though only a smaller portion has been obligated so far, limiting the immediate financial impact. Boeing’s $131B F-15 Win
• Positive Sentiment: GE Aerospace’s LEAP engine deliveries rose sharply this year. Higher engine availability is important for Boeing because engine supply remains a bottleneck to increasing 737 and other aircraft deliveries, revenue recognition, and cash generation. GE Aerospace’s LEAP Engine Deliveries Jumped 41%
• Neutral Sentiment: Analysts continue to view Boeing and other defense contractors as beneficiaries of elevated military spending, strong backlogs, and geopolitical demand. However, comparisons with General Dynamics highlight Boeing’s execution, debt, and profitability challenges. BA vs. GD: Which Defense Contractor Has Stronger Growth Prospects?
• Negative Sentiment: Boeing engineers and technical workers overwhelmingly rejected a four-year contract proposal and authorized a strike, raising the risk of higher labor costs, production disruption, and delays to commercial-aircraft recovery. Negotiators are scheduled to resume talks Monday. Boeing and Union Negotiators to Meet Monday
• Negative Sentiment: Boeing has reportedly posted contractor openings for engineering and technical positions as the labor dispute escalates. The apparent preparation for replacement or contingency staffing increases uncertainty and may further strain relations with the union. Boeing Posts Contract Jobs in Labor Dispute
• Negative Sentiment: Investor commentary continues to flag Boeing’s heavy debt burden and the risk that large contract ceilings may not translate into near-term cash flow. Financing actions and elevated valuation make execution particularly important for BA.

Boeing Company 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.