Westmount Partners LLC Trims Stock Position in The Boeing Company $BA

Westmount Partners LLC trimmed its holdings in The Boeing Company (NYSE:BA) by 44.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,763 shares of the aircraft producer’s stock after selling 3,047 shares during the period. Westmount Partners LLC’s holdings in Boeing were worth $815,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Measured Wealth Private Client Group LLC purchased a new position in shares of Boeing during the 3rd quarter worth about $25,000. Strive Financial Group LLC acquired a new stake in shares of Boeing in the fourth quarter worth approximately $25,000. CrossGen Wealth LLC purchased a new stake in Boeing in the fourth quarter valued at approximately $26,000. Ares Financial Consulting LLC purchased a new stake in Boeing in the fourth quarter valued at approximately $26,000. Finally, 1 North Wealth Services LLC acquired a new position in Boeing during the fourth quarter worth approximately $27,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

More Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: The Federal Aviation Administration approved the 737 MAX 7 for commercial service on August 3, removing a major certification bottleneck that had delayed the aircraft for years. The approval supports Boeing’s future delivery pipeline and could improve operating momentum as the company prepares for the aircraft’s rollout. Boeing Shows Operational Acceleration Ahead of Max 7 Rollout
• Positive Sentiment: Tigress Financial raised its Boeing price target from $295 to $305 and maintained a “buy” rating, reflecting optimism about the company’s recovery, deliveries, and cash-flow improvement. Boeing Price Target Increase
• Positive Sentiment: Boeing and Northrop Grumman tested an AI-enabled communications link between the MQ-4C Triton drone and P-8 Poseidon, highlighting potential support for Boeing’s defense and autonomous-systems business. Northrop and Boeing Test AI-Enabled Link
• Neutral Sentiment: Boeing-Lockheed Martin joint venture United Launch Alliance reportedly plans a roughly $500 million private bond sale to refinance debt. The financing could support ULA’s operations, but it also underscores leverage and does not directly change Boeing’s near-term results. ULA Plans Private Bond Sale
• Negative Sentiment: Progress toward a new agreement with the Society of Professional Engineering Employees in Aerospace has not provided a meaningful boost to BA, suggesting investors remain focused on execution, labor costs, and Boeing’s ability to convert certification progress into profitable deliveries. SPEEA Agreement and Boeing Stock

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on BA shares. Tigress Financial lifted their price target on shares of Boeing from $295.00 to $305.00 and gave the company a “buy” rating in a report on Thursday. William Blair restated an “outperform” rating on shares of Boeing in a report on Tuesday, July 28th. UBS Group reaffirmed a “buy” rating on shares of Boeing in a research report on Wednesday, July 29th. Royal Bank Of Canada reduced their target price on Boeing from $275.00 to $265.00 and set an “outperform” rating on the stock in a report on Wednesday, July 29th. Finally, JPMorgan Chase & Co. boosted their price target on Boeing from $270.00 to $290.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $273.00.

Insider Transactions at Boeing

In other news, Director Bradley D. Tilden acquired 1,370 shares of the stock in a transaction on Wednesday, May 20th. The stock was bought at an average price of $218.50 per share, with a total value of $299,345.00. Following the completion of the transaction, the director directly owned 1,370 shares of the company’s stock, valued at $299,345. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.10% of the stock is owned by company insiders.

Boeing Price Performance

Shares of NYSE BA opened at $232.23 on Friday. The company has a debt-to-equity ratio of 6.77, a current ratio of 1.14 and a quick ratio of 0.33. The Boeing Company has a 1-year low of $176.77 and a 1-year high of $254.35. The company has a market capitalization of $183.55 billion, a price-to-earnings ratio of 100.53 and a beta of 1.21. The business has a 50-day moving average of $220.16 and a 200-day moving average of $223.53.

Boeing (NYSE:BA) last announced 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). The company had revenue of $24.56 billion for the quarter, compared to analysts’ expectations of $24.26 billion. Boeing had a net margin of 2.41% and a negative return on equity of 346.82%. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($1.24) earnings per share. On average, equities analysts anticipate that The Boeing Company will post -0.88 EPS for the current fiscal 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.