3,164 Shares in The Boeing Company $BA Bought by Bull Harbor Capital LLC

Bull Harbor Capital LLC purchased a new stake in shares of The Boeing Company (NYSE:BA) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 3,164 shares of the aircraft producer’s stock, valued at approximately $630,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Revolve Wealth Partners LLC bought a new stake in Boeing during the 4th quarter worth approximately $201,000. Sivia Capital Partners LLC boosted its position in shares of Boeing by 16.5% in the second quarter. Sivia Capital Partners LLC now owns 1,529 shares of the aircraft producer’s stock worth $320,000 after purchasing an additional 217 shares during the period. AXA S.A. increased its stake in shares of Boeing by 1,225.7% in the second quarter. AXA S.A. now owns 34,655 shares of the aircraft producer’s stock worth $7,261,000 after purchasing an additional 32,041 shares in the last quarter. Ieq Capital LLC increased its stake in shares of Boeing by 243.8% in the second quarter. Ieq Capital LLC now owns 33,485 shares of the aircraft producer’s stock worth $7,016,000 after purchasing an additional 23,746 shares in the last quarter. Finally, Alliancebernstein L.P. raised its position 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 purchasing an additional 53,736 shares during the period. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on BA shares. Btg Pactual set a $260.00 target price on shares of Boeing in a research note on Tuesday, July 14th. Royal Bank Of Canada decreased their price target on Boeing from $275.00 to $265.00 and set an “outperform” rating on the stock in a report on Wednesday. JPMorgan Chase & Co. increased their target price on Boeing from $270.00 to $290.00 and gave the stock an “overweight” rating in a research report on Wednesday. Morgan Stanley lifted their target price on Boeing from $245.00 to $250.00 and gave the company an “equal weight” rating in a research note on Thursday, April 23rd. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Boeing in a report on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $264.42.

Key Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing’s delivery pace is accelerating, a key driver of future revenue and cash generation. Higher 737 and 787 output, combined with a record $715 billion backlog, supports the bullish view that production improvements could translate into substantially stronger free cash flow. Boeing delivery pace and free cash flow
• Positive Sentiment: Certification progress and restored FAA self-certification authority for the 737 MAX and 787 represent important operational milestones that could help Boeing increase output and reduce delivery bottlenecks. BA Q2 earnings call highlights
• Positive Sentiment: Analyst sentiment remains supportive: JPMorgan raised its Boeing price target to $290 and maintained an “overweight” rating, while RBC retained an “outperform” rating with a $265 target. Boeing analyst price targets
• Neutral Sentiment: National Airlines’ delivery of a third Boeing 777-200 freighter highlights continued customer demand for Boeing aircraft, although the announcement has limited direct near-term financial impact. National Airlines Boeing 777 freighter delivery
• Negative Sentiment: Boeing still reported a larger-than-expected quarterly loss, partly because of rising Air Force One program costs, underscoring continuing execution problems in its defense business. Boeing second-quarter loss
• Negative Sentiment: The FAA flagged a quality issue affecting seats on hundreds of 737 MAX jets, creating potential inspection, repair and reputational risks. Boeing also faces a longer-term competitive threat from JetZero’s government-backed blended-wing aircraft program. FAA Boeing MAX seat quality issue

Insider Activity at Boeing

In other news, Director Bradley D. Tilden purchased 1,370 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were bought at an average cost of $218.50 per share, for a total transaction of $299,345.00. Following the acquisition, the director owned 1,370 shares of the company’s stock, valued at approximately $299,345. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.10% of the company’s stock.

Boeing Stock Performance

NYSE:BA opened at $221.13 on Friday. The firm has a market capitalization of $174.77 billion, a PE ratio of 95.73 and a beta of 1.21. The stock’s fifty day moving average is $219.19 and its 200 day moving average is $223.98. The Boeing Company has a fifty-two week low of $176.77 and a fifty-two week high of $254.35. The company has a debt-to-equity ratio of 6.77, a quick ratio of 0.35 and a current ratio of 1.14.

Boeing (NYSE:BA) last posted its quarterly earnings data 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 negative return on equity of 346.82% and a net margin of 2.41%.The firm had revenue of $24.56 billion for the quarter, compared to analysts’ expectations of $24.26 billion. During the same period in the previous year, the firm earned ($1.24) earnings per share. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. On average, sell-side analysts anticipate that The Boeing Company will post -0.33 earnings per share for the current year.

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.