Jupiter Topco LLC Takes $911.88 Million Position in The Boeing Company $BA

Jupiter Topco LLC bought a new stake in The Boeing Company (NYSE:BA) during the second quarter, Holdings Channel reports. The institutional investor bought 4,212,507 shares of the aircraft producer’s stock, valued at approximately $911,878,000.

Several other institutional investors have also bought and sold shares of the stock. Measured Wealth Private Client Group LLC purchased a new stake in Boeing in the 3rd quarter valued at $25,000. Strive Financial Group LLC purchased a new position in Boeing during the 4th quarter worth $25,000. Ares Financial Consulting LLC purchased a new position in Boeing during the 4th quarter worth $26,000. CrossGen Wealth LLC bought a new stake in shares of Boeing in the 4th quarter worth $26,000. Finally, Strategic Wealth Advisors LLC purchased a new stake in shares of Boeing in the fourth quarter valued at about $27,000. Institutional investors own 64.82% of the company’s stock.

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

Boeing Price Performance

Shares of NYSE:BA opened at $211.09 on Wednesday. The company’s 50-day moving average is $221.41 and its 200 day moving average is $221.85. The company has a debt-to-equity ratio of 6.77, a quick ratio of 0.33 and a current ratio of 1.14. The company has a market capitalization of $166.84 billion, a P/E ratio of 91.38 and a beta of 1.21. The Boeing Company has a fifty-two week low of $176.77 and a fifty-two week high of $254.35.

Boeing (NYSE:BA) last posted its quarterly 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 for the quarter, compared to the consensus estimate of $24.26 billion. During the same quarter in the previous year, the company posted ($1.24) EPS. Boeing’s quarterly revenue was up 8.0% compared to the same quarter last year. On average, equities research analysts forecast that The Boeing Company will post -0.87 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BA. William Blair reissued an “outperform” rating on shares of Boeing in a research report on Tuesday, July 28th. Citigroup downgraded shares of Boeing from a “buy” rating to a “sell” rating in a research report on Tuesday, August 11th. The Goldman Sachs Group lowered shares of Boeing from a “buy” rating to a “hold” rating in a research note on Tuesday, August 11th. Robert W. Baird set a $300.00 target price on shares of Boeing in a research report on Wednesday, July 29th. Finally, Argus upgraded Boeing from a “hold” rating to a “buy” rating and set a $265.00 target price on the stock in a research note on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Boeing currently has an average rating of “Moderate Buy” and an average price target of $272.58.

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.