Pacific Sage Partners LLC Takes Position in The Boeing Company $BA

Pacific Sage Partners LLC acquired a new stake in The Boeing Company (NYSE:BA) in the second quarter, Holdings Channel reports. The firm acquired 8,607 shares of the aircraft producer’s stock, valued at approximately $1,863,000.

Other large investors have also recently added to or reduced their stakes in the company. Family Legacy Inc. acquired a new position in shares of Boeing in the second quarter worth $2,949,000. Clearstead Trust LLC purchased a new stake in shares of Boeing during the second quarter worth $48,000. Bridgewater Advisors Inc. acquired a new stake in shares of Boeing in the second quarter valued at $1,704,000. SFE Investment Counsel acquired a new stake in shares of Boeing in the second quarter valued at $274,000. Finally, BIP Wealth LLC purchased a new position in Boeing in the second quarter valued at $294,000. 64.82% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: The Pentagon signed framework agreements with Boeing and RTX to increase production of components for SM-3 Block IIA and Block IB interceptor missiles. The seven-year arrangements could provide greater visibility for Boeing’s defense business and support incremental revenue, helping drive the stock higher. Pentagon signs deals with Boeing and RTX
• Positive Sentiment: Boeing is selling Wisk Aero, Insitu and SkyGrid to Archer Aviation in an all-stock transaction that gives Boeing an approximately 20% stake in Archer. Analysts view the deal as a way to exit a struggling, non-core air-taxi operation while retaining exposure to autonomy and electric-aircraft technologies, potentially sharpening Boeing’s turnaround focus. Boeing’s Wisk sale and portfolio strategy
• Positive Sentiment: Avolon agreed to lease up to seven Boeing 737-8200 aircraft to India’s Akasa Air. The transaction supports continued demand for Boeing’s narrow-body aircraft in one of the aviation industry’s fastest-growing markets. Avolon and Akasa Air 737 transaction
• Neutral Sentiment: Odysight.ai received a Boeing purchase order and will demonstrate AI-powered predictive-maintenance technology at two Boeing sites. The initiative could improve future maintenance capabilities and create supplier opportunities, but its immediate financial impact on BA is expected to be limited. Odysight.ai Boeing purchase order
• Neutral Sentiment: JLL is considering Boeing’s former Chicago headquarters for a potential global headquarters move. The move could benefit Boeing through property monetization or reduced real-estate obligations, though no transaction has been finalized. JLL considers Boeing’s former headquarters

Boeing Stock Performance

Shares of BA stock opened at $231.50 on Friday. 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 firm has a fifty day moving average price of $221.70 and a 200 day moving average price of $222.97. The company has a market cap of $182.97 billion, a P/E ratio of 100.21 and a beta of 1.21. The Boeing Company has a 12 month low of $176.77 and a 12 month high of $254.35.

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

Analyst Ratings Changes

BA has been the subject of several analyst reports. Citigroup cut Boeing from a “buy” rating to a “sell” rating in a research note on Tuesday. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Boeing in a research report on Tuesday, July 21st. Morgan Stanley lifted their price objective on Boeing from $245.00 to $250.00 and gave the company an “equal weight” rating in a research note on Thursday, April 23rd. Barclays downgraded Boeing from an “equal weight” rating to an “underweight” rating in a research report on Tuesday. Finally, William Blair restated an “outperform” rating on shares of Boeing in a research note on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $272.58.

Insider Activity

In other Boeing news, Director Bradley D. Tilden acquired 1,370 shares of the stock in a transaction dated Wednesday, May 20th. The stock was acquired at an average cost of $218.50 per share, with a total value of $299,345.00. Following the transaction, the director owned 1,370 shares in the company, valued at $299,345. The trade was a ? increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.10% of the company’s stock.

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.