13,955 Shares of The Boeing Company $BA Acquired by Machina Capital S.A.S.

Machina Capital S.A.S. acquired a new position in shares of The Boeing Company (NYSE:BA) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 13,955 shares of the aircraft producer’s stock, valued at approximately $2,596,000.

Several other hedge funds also recently modified their holdings of the stock. Inspire Trust Co. N.A. grew its stake in Boeing by 23.5% in the third quarter. Inspire Trust Co. N.A. now owns 31,500 shares of the aircraft producer’s stock valued at $5,861,000 after purchasing an additional 6,000 shares in the last quarter. AMG National Trust Bank increased its position in shares of Boeing by 19.6% during the 3rd quarter. AMG National Trust Bank now owns 19,468 shares of the aircraft producer’s stock worth $3,622,000 after purchasing an additional 3,197 shares during the last quarter. Moneco Advisors LLC increased its position in shares of Boeing by 1.6% during the 3rd quarter. Moneco Advisors LLC now owns 5,935 shares of the aircraft producer’s stock worth $1,104,000 after purchasing an additional 95 shares during the last quarter. Keybank National Association OH raised its stake in shares of Boeing by 11.2% during the 3rd quarter. Keybank National Association OH now owns 342,847 shares of the aircraft producer’s stock worth $63,787,000 after purchasing an additional 34,549 shares in the last quarter. Finally, Triton Wealth Management PLLC raised its stake in shares of Boeing by 56.1% during the 3rd quarter. Triton Wealth Management PLLC now owns 4,475 shares of the aircraft producer’s stock worth $784,000 after purchasing an additional 1,609 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Trading Up 0.6%

Boeing stock opened at $174.47 on Thursday. The stock has a 50-day simple moving average of $190.33 and a 200 day simple moving average of $214.25. The stock has a market capitalization of $138.26 billion, a P/E ratio of 18.99 and a beta of 1.34. The company has a debt-to-equity ratio of 6.31, a quick ratio of 0.34 and a current ratio of 1.13. The Boeing Company has a 52 week low of $165.01 and a 52 week high of $254.35.

Boeing (NYSE:BA) last released its quarterly earnings data on Tuesday, October 27th. The aircraft producer reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($0.09). The business had revenue of $24.19 billion during the quarter, compared to the consensus estimate of $23.95 billion. Boeing had a net margin of 7.98% and a negative return on equity of 42.40%. Boeing’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the company earned ($7.47) EPS. Analysts expect that The Boeing Company will post -1.84 earnings per share for the current year.

Key Stories Impacting Boeing

These are some of the BA stories that stood out recently:

• Positive Sentiment: Boeing reportedly recorded its strongest October aircraft orders since 1997, supporting its substantial backlog and longer-term demand outlook. Boeing posts strongest October aircraft orders since 1997
• Neutral Sentiment: Boeing says it is emphasizing direct communication with factory-floor employees to surface safety concerns. The effort could support its safety-culture recovery, although the renewed focus also underscores the scrutiny it faces. Boeing to stay close to factory floor for tough safety information, exec says
• Negative Sentiment: Law firms announced investigations into potential securities-law claims involving Boeing and its Spirit AeroSystems merger. These are investigations, not findings of wrongdoing, but may add legal and reputational uncertainty. Kaplan Fox announces investigation into Boeing

Insider Buying and Selling

In other Boeing news, Director Steven Mollenkopf bought 2,950 shares of Boeing stock in a transaction dated Friday, October 30th. The stock was bought at an average cost of $173.03 per share, for a total transaction of $510,438.50. Following the purchase, the director owned 6,717 shares of the company’s stock, valued at $1,162,242.51. The trade was a 78.31% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mortimer Buckley bought 5,820 shares of the firm’s stock in a transaction that occurred on Friday, October 30th. The shares were acquired at an average cost of $171.55 per share, for a total transaction of $998,421.00. Following the completion of the acquisition, the director directly owned 10,250 shares in the company, valued at $1,758,387.50. The trade was a 131.38% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on BA. Argus raised Boeing from a “hold” rating to a “buy” rating and set a $265.00 price objective for the company in a report on Tuesday, August 11th. Bank of America restated a “buy” rating and set a $270.00 target price on shares of Boeing in a report on Friday, September 18th. BNP Paribas Exane upgraded shares of Boeing to a “neutral” rating in a report on Wednesday, October 28th. Barclays dropped their price target on shares of Boeing from $300.00 to $250.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 28th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $238.00 price target on shares of Boeing in a research note on Wednesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, eight have given a Hold rating and three have issued 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 $247.88.

Boeing Profile

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.