The Boeing Company $BA Shares Acquired by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. grew its position in The Boeing Company (NYSE:BA) by 13.4% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 28,706 shares of the aircraft producer’s stock after buying an additional 3,401 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Boeing were worth $6,214,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in BA. Revolve Wealth Partners LLC acquired a new position in Boeing in the 4th quarter valued at $201,000. Sivia Capital Partners LLC boosted its stake in Boeing by 16.5% during the 2nd 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 last quarter. AXA S.A. boosted its stake in Boeing by 1,225.7% during the 2nd 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 during the last quarter. Ieq Capital LLC grew its holdings in shares of Boeing by 243.8% during the second quarter. Ieq Capital LLC now owns 33,485 shares of the aircraft producer’s stock worth $7,016,000 after buying an additional 23,746 shares in the last quarter. Finally, Alliancebernstein L.P. grew its holdings in shares of Boeing by 4.2% during the second quarter. Alliancebernstein L.P. now owns 1,334,451 shares of the aircraft producer’s stock worth $279,608,000 after buying an additional 53,736 shares in the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on BA shares. Robert W. Baird set a $300.00 price target on shares of Boeing in a research note on Wednesday, July 29th. William Blair reaffirmed an “outperform” rating on shares of Boeing in a research note on Tuesday, July 28th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Boeing in a report on Tuesday, August 4th. Morgan Stanley raised their target price on shares of Boeing from $245.00 to $250.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 23rd. Finally, UBS Group restated a “buy” rating on shares of Boeing in a report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Boeing presently has an average rating of “Moderate Buy” and a consensus price target of $273.00.

Insider Activity

In other news, Director Bradley D. Tilden purchased 1,370 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was acquired at an average price of $218.50 per share, for a total transaction of $299,345.00. Following the acquisition, the director directly owned 1,370 shares of the company’s stock, valued at approximately $299,345. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.10% of the stock is owned by corporate insiders.

Boeing Stock Up 0.0%

NYSE BA opened at $234.48 on Monday. The business’s fifty day simple moving average is $220.24 and its 200-day simple moving average is $223.44. The company has a quick ratio of 0.33, a current ratio of 1.14 and a debt-to-equity ratio of 6.77. The firm has a market cap of $185.33 billion, a PE ratio of 101.51 and a beta of 1.21. The Boeing Company has a 52 week low of $176.77 and a 52 week high of $254.35.

Boeing (NYSE:BA) last announced its quarterly earnings data on Tuesday, July 28th. The aircraft producer reported ($0.76) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.42). Boeing had a net margin of 2.41% and a negative return on equity of 346.82%. The firm had revenue of $24.56 billion during the quarter, compared to analysts’ expectations of $24.26 billion. During the same period in the prior year, the company posted ($1.24) EPS. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. As a group, equities analysts anticipate that The Boeing Company will post -0.88 earnings per share for the current year.

Key Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: The FAA approved Boeing’s 737 MAX 7 for commercial service after a lengthy certification process. The approval allows Boeing to begin delivering completed aircraft and removes a major bottleneck for its backlog, supporting expectations for higher revenue, deliveries and cash generation. Boeing Wins 737 MAX 7 Approval
• Positive Sentiment: Analyst optimism is providing another tailwind. Tigress Financial raised its price target on BA from $295 to $305 and reiterated a “buy” rating, citing the company’s operational acceleration and the potential benefits of the MAX 7 rollout. Boeing Price Target Raised
• Positive Sentiment: Recent coverage points to improving production, deliveries and cash-flow prospects as Boeing moves past manufacturing disruptions and regulatory restrictions. Jim Cramer’s earlier bullish view on a turnaround is being highlighted after BA’s recent rally, although his comments are primarily sentiment-driven rather than a new fundamental catalyst. Jim Cramer on Boeing
• Neutral Sentiment: BA has gained roughly 8% this week following the MAX 7 approval, but its longer-term performance remains more muted. At about $234, the stock is near the upper portion of its 52-week range, with a forward-looking turnaround narrative already reflected in a high valuation.
• Negative Sentiment: The FAA ordered inspections of 471 737-8, 737-9 and 737-8200 aircraft after identifying possible cracks near a service-door structural reinforcement. Boeing supports the directive and says the issue has not been observed in the MAX fleet, but required inspections and any repairs could increase costs, delay aircraft and revive concerns about Boeing’s quality controls. FAA Probe Into Boeing 737 Jets

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.