Canada Pension Plan Investment Board Purchases New Shares in The Boeing Company $BA

Canada Pension Plan Investment Board acquired a new position in The Boeing Company (NYSE:BA) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 1,286,555 shares of the aircraft producer’s stock, valued at approximately $278,501,000. Canada Pension Plan Investment Board owned approximately 0.16% of Boeing as of its most recent SEC filing.

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

Trending Headlines about Boeing

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

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. William Blair reiterated an “outperform” rating on shares of Boeing in a research report on Tuesday, July 28th. The Goldman Sachs Group cut Boeing from a “buy” rating to a “hold” rating in a research report on Tuesday, August 11th. Robert W. Baird set a $300.00 price target on Boeing in a research note on Wednesday, July 29th. UBS Group began coverage on shares of Boeing in a research report on Tuesday, August 11th. They set a “buy” rating for the company. Finally, Tigress Financial raised their target price on shares of Boeing from $295.00 to $305.00 and gave the company a “buy” rating in a report on Thursday, August 6th. 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 given a Sell rating to the company. According to data from MarketBeat, Boeing has an average rating of “Moderate Buy” and an average price target of $272.58.

Boeing Price Performance

Shares of BA stock opened at $211.09 on Wednesday. The business has a fifty day simple moving average of $221.41 and a 200 day simple moving average of $221.85. The company has a market cap of $166.84 billion, a P/E ratio of 91.38 and a beta of 1.21. 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 analysts’ consensus estimates of ($0.34) by ($0.42). The business had revenue of $24.56 billion during the quarter, compared to the consensus estimate of $24.26 billion. Boeing had a net margin of 2.41% and a negative return on equity of 346.82%. The business’s revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($1.24) EPS. On average, sell-side analysts forecast that The Boeing Company will post -0.87 EPS for the current fiscal year.

Boeing Company 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.