The Boeing Company $BA Stock Position Lifted by Tarbox Family Office Inc.

Tarbox Family Office Inc. grew its holdings in The Boeing Company (NYSE:BA) by 149.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 12,039 shares of the aircraft producer’s stock after buying an additional 7,213 shares during the quarter. Tarbox Family Office Inc.’s holdings in Boeing were worth $2,240,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of BA. SteelPeak Wealth LLC lifted its position in Boeing by 660.0% in the 3rd quarter. SteelPeak Wealth LLC now owns 94,976 shares of the aircraft producer’s stock valued at $17,670,000 after acquiring an additional 82,479 shares in the last quarter. McAlister Sweet & Associates Inc. boosted its stake in Boeing by 57.2% during the 3rd quarter. McAlister Sweet & Associates Inc. now owns 45,420 shares of the aircraft producer’s stock valued at $8,450,000 after purchasing an additional 16,531 shares during the last quarter. Integrated Wealth Concepts LLC boosted its stake in Boeing by 16.0% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 42,417 shares of the aircraft producer’s stock valued at $9,182,000 after purchasing an additional 5,862 shares during the last quarter. T3 Companies LLC increased its holdings in shares of Boeing by 1,487.1% in the 3rd quarter. T3 Companies LLC now owns 17,458 shares of the aircraft producer’s stock worth $3,248,000 after purchasing an additional 16,358 shares in the last quarter. Finally, Mather Group LLC. increased its holdings in shares of Boeing by 347.3% in the 3rd quarter. Mather Group LLC. now owns 23,183 shares of the aircraft producer’s stock worth $4,313,000 after purchasing an additional 18,000 shares in the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on BA shares. Weiss Ratings restated a “sell (d+)” rating on shares of Boeing in a research note on Monday, October 19th. Cantor Fitzgerald downgraded Boeing to a “neutral” rating in a report on Tuesday, August 11th. William Blair reaffirmed an “outperform” rating on shares of Boeing in a research report on Wednesday, September 30th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Boeing in a report on Sunday, September 27th. Finally, Citigroup lowered Boeing from a “buy” rating to a “sell” rating in a research report on Tuesday, August 11th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, Boeing presently has an average rating of “Moderate Buy” and a consensus target price of $266.96.

More Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: The FAA has granted final certification for Boeing’s long-delayed 737 MAX 10, removing a significant hurdle for deliveries and allowing the aircraft to compete more directly with Airbus’ A321neo. The approval could support Boeing’s backlog, revenue, cash flow, and long-term competitiveness. Boeing wins FAA certification for 737 MAX 10
• Positive Sentiment: Analysts and investors expect the MAX 10 approval, rising aircraft deliveries, and stronger commercial-services demand to improve earnings and support Boeing’s turnaround. A production recovery could also improve margins across the aerospace supply chain. Great News for Boeing Investors
• Positive Sentiment: GA-ASI, a General Atomics business, is partnering with Spirit Defense, a Boeing company, to support airframe production for the FQ-42 Vengeance Collaborative Combat Aircraft. The relationship highlights potential defense-manufacturing activity for Boeing-affiliated operations, although the financial impact was not disclosed. GA-ASI Partnering With Spirit Defense For FQ-42 CCA Production
• Neutral Sentiment: Boeing is scheduled to report third-quarter results before the market opens on October 27. Investors will focus on deliveries, free cash flow, MAX production, services demand, and management’s guidance for the recovery. Boeing Stock Preps the Runway Ahead of Earnings
• Negative Sentiment: Despite the certification win, investors remain concerned about Boeing’s high debt burden, weak liquidity metrics, supply-chain delays, negative returns on invested capital, and the company’s ability to convert production growth into sustainable cash flow. What’s Going on With Boeing Shares on Friday?

Boeing Stock Up 0.4%

BA stock opened at $188.36 on Friday. The business’s 50-day moving average price is $200.75 and its 200-day moving average price is $215.14. The stock has a market cap of $148.87 billion, a P/E ratio of 81.54 and a beta of 1.26. 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 Boeing Company has a twelve month low of $176.77 and a twelve month high of $254.35.

Boeing (NYSE:BA) last released its earnings results on Tuesday, July 28th. The aircraft producer reported ($0.76) earnings per share (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 during the quarter, compared to analysts’ expectations of $24.26 billion. During the same period in the prior year, the company posted ($1.24) earnings per share. The company’s revenue was up 8.0% compared to the same quarter last year. On average, equities research analysts forecast that The Boeing Company will post -1.08 EPS for the current year.

About Boeing

The Boeing Company (NYSE: BA) is a global aerospace company that designs, manufactures and supports commercial airplanes, military aircraft, satellites, space systems and related products and services. Its offerings serve airlines, government agencies, defense organizations and other customers worldwide.

Boeing operates through three principal business areas: Commercial Airplanes, which develops and produces passenger and cargo aircraft; Defense, Space & Security, which provides military aircraft, weapons systems, satellites and space-related platforms; and Global Services, which offers parts, maintenance, training, engineering and other lifecycle support.

Founded in 1916 by William Boeing, the company has grown into one of the world’s major aerospace manufacturers.