3,132 Shares in The Boeing Company $BA Acquired by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. acquired a new position in shares of The Boeing Company (NYSE:BA) during the 2nd quarter, HoldingsChannel.com reports. The firm acquired 3,132 shares of the aircraft producer’s stock, valued at approximately $678,000.

Other hedge funds have also recently bought and sold shares of the company. Clarion Wealth Managment Partners LLC bought a new position in Boeing in the 2nd quarter valued at $249,000. Mission Financial Group LLC bought a new stake in shares of Boeing during the second quarter worth $442,000. Pinnacle Holdings LLC acquired a new position in shares of Boeing during the second quarter valued at $2,287,000. LM Advisors LLC acquired a new position in shares of Boeing during the second quarter valued at $431,000. Finally, Haverford Trust Co bought a new position in Boeing in the second quarter valued at about $207,000. 64.82% of the stock is currently owned by institutional investors.

Key Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Major F-15 defense award: The U.S. Air Force awarded Boeing an indefinite-delivery/indefinite-quantity contract with a ceiling of approximately $131.2 billion for the F-15 Eagle Crest program. The agreement covers aircraft production, upgrades, maintenance and sustainment through August 2037, potentially strengthening Boeing’s defense revenue visibility and helping its struggling defense division. The full contract value is a ceiling rather than guaranteed revenue, so the actual financial benefit will depend on future orders. Reuters F-15 contract article
• Positive Sentiment: Turnaround and portfolio focus: Boeing sold three businesses in one week, including a transaction involving Archer Aviation. The divestitures could simplify the company, improve capital allocation and allow management to focus on commercial aircraft and core defense operations. The Archer arrangement adds strategic value, although analysts indicate it is unlikely to materially affect near-term earnings. Boeing business sales and Archer article
• Neutral Sentiment: Additional defense and commercial activity: Boeing continues to receive support from demand for its P-8 Poseidon program and delivered another 777 freighter to National Airlines. These developments reinforce aircraft demand and backlog potential but are relatively small compared with the F-15 award and are unlikely to change near-term valuation on their own. P-8 Poseidon demand article
• Negative Sentiment: Labor uncertainty: The Society of Professional Engineering Employees in Aerospace rejected Boeing’s proposed agreement by a wide margin. A difficult contract renegotiation could increase labor costs, disrupt engineering work or delay Boeing’s operational recovery. SPEEA vote article

Wall Street Analyst Weigh In

A number of analysts recently commented on BA shares. Sanford C. Bernstein initiated coverage on Boeing in a research report on Tuesday, August 11th. They issued an “outperform” rating for the company. 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 research report on Tuesday, August 11th. Wolfe Research lowered shares of Boeing from an “outperform” rating to a “hold” rating in a research note on Tuesday, August 11th. Tigress Financial lifted their price target on shares of Boeing from $295.00 to $305.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Finally, UBS Group assumed coverage on shares of Boeing in a research note on Tuesday, August 11th. They set a “buy” rating for the company. One investment 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 given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $272.58.

Boeing Trading Up 0.3%

NYSE BA opened at $211.09 on Wednesday. The stock has a 50-day simple moving average of $221.41 and a 200 day simple moving average of $221.85. The company has a market capitalization of $166.84 billion, a PE ratio of 91.38 and a beta of 1.21. 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.

Boeing (NYSE:BA) last released 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 net margin of 2.41% and a negative return on equity of 346.82%. The company had revenue of $24.56 billion during the quarter, compared to analyst estimates of $24.26 billion. During the same period in the previous year, the company posted ($1.24) EPS. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. Research analysts forecast that The Boeing Company will post -0.87 EPS for the current year.

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.