First National Bank of Omaha Purchases New Position in The Boeing Company $BA

First National Bank of Omaha bought a new position in shares of The Boeing Company (NYSE:BA) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 3,089 shares of the aircraft producer’s stock, valued at approximately $663,000.

Other hedge funds have also recently modified their holdings of the company. Measured Wealth Private Client Group LLC acquired a new position in shares of Boeing during the third quarter valued at approximately $25,000. Strive Financial Group LLC acquired a new position in shares of Boeing during the 4th quarter valued at about $25,000. Ares Financial Consulting LLC acquired a new position in Boeing in the 4th quarter valued at about $26,000. CrossGen Wealth LLC acquired a new position in Boeing in the fourth quarter valued at approximately $26,000. Finally, Strategic Wealth Advisors LLC acquired a new position in shares of Boeing in the 4th quarter valued at $27,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Performance

NYSE BA opened at $221.79 on Thursday. The business’s 50 day moving average is $222.33 and its two-hundred day moving average is $222.44. The Boeing Company has a 12-month low of $176.77 and a 12-month high of $254.35. The stock has a market capitalization of $175.30 billion, a price-to-earnings ratio of 96.01 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.

Boeing (NYSE:BA) last released its earnings results on Tuesday, July 28th. The aircraft producer reported ($0.76) 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 business had revenue of $24.56 billion during the quarter, compared to analyst estimates of $24.26 billion. During the same period last year, the business posted ($1.24) EPS. Boeing’s revenue was up 8.0% compared to the same quarter last year. Research analysts expect that The Boeing Company will post -0.87 EPS for the current year.

Analyst Upgrades and Downgrades

BA has been the subject of a number of research analyst reports. Sanford C. Bernstein began coverage on shares of Boeing in a research report on Tuesday, August 11th. They set an “outperform” rating for the company. JPMorgan Chase & Co. lifted their price objective on Boeing from $270.00 to $290.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Morgan Stanley boosted 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. Btg Pactual set a $260.00 price target on Boeing in a report on Tuesday, July 14th. Finally, Barclays downgraded shares of Boeing from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, August 11th. One investment 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 assigned a Sell rating to the company. According to data from MarketBeat, Boeing presently has an average rating of “Moderate Buy” and a consensus price target of $272.58.

Key Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing is pursuing an internal turnaround under CEO Kelly Ortberg, emphasizing engineering discipline, production quality and long-term aircraft development rather than short-term Wall Street targets. The strategy could improve execution and restore customer and investor confidence, although results will take time. How Kelly Ortberg is rebuilding Boeing from the inside out
• Positive Sentiment: Wright-Patterson Air Force Base awarded Boeing a $75 million contract for Air Force One spare parts, providing incremental support for the company’s defense and government-services business. Boeing $75 million Air Force One parts contract
• Positive Sentiment: Boeing and Lockheed Martin’s United Launch Alliance reportedly completed a $1.5 billion private bond offering—three times the initial target—suggesting strong investor demand for ULA financing and continued interest in its space business. Boeing Q2 earnings context

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.