10,960 The Boeing Company $BA Shares Sold by Investment House LLC

Key Points

• Investment House LLC cut its Boeing stake by 82.4% in the third quarter, selling 10,960 shares and retaining 2,345 shares valued at approximately $436,000. Institutional investors overall own 64.82% of Boeing.
• Boeing reported a quarterly loss of $0.76 per share, missing the $0.34 loss expected by analysts, although revenue of $24.56 billion exceeded forecasts and rose 8% year over year.
• Analyst sentiment remains moderately bullish, with a consensus “Moderate Buy” rating and a $266.96 price target versus the stock’s reported $188.36 price; however, Boeing continues to face high debt, weak liquidity, and cash-flow concerns.

Investment House LLC decreased its position in The Boeing Company (NYSE:BA - Free Report) by 82.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,345 shares of the aircraft producer's stock after selling 10,960 shares during the period. Investment House LLC's holdings in Boeing were worth $436,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. B.O.S.S. Retirement Advisors LLC grew its stake in Boeing by 1.4% during the 1st quarter. B.O.S.S. Retirement Advisors LLC now owns 3,175 shares of the aircraft producer's stock valued at $632,000 after purchasing an additional 44 shares during the last quarter. Horizon Bancorp Inc. IN increased its holdings in shares of Boeing by 3.1% in the first quarter. Horizon Bancorp Inc. IN now owns 1,493 shares of the aircraft producer's stock valued at $297,000 after purchasing an additional 45 shares during the period. Howe & Rusling Inc. raised its stake in shares of Boeing by 2.5% in the first quarter. Howe & Rusling Inc. now owns 2,024 shares of the aircraft producer's stock worth $403,000 after purchasing an additional 49 shares during the last quarter. Paul R. Ried Financial Group LLC raised its stake in shares of Boeing by 0.3% in the first quarter. Paul R. Ried Financial Group LLC now owns 18,060 shares of the aircraft producer's stock worth $3,594,000 after purchasing an additional 49 shares during the last quarter. Finally, Barnes Pettey Financial Advisors LLC raised its stake in shares of Boeing by 4.0% in the first quarter. Barnes Pettey Financial Advisors LLC now owns 1,307 shares of the aircraft producer's stock worth $260,000 after purchasing an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company's stock.

Boeing Stock Performance

NYSE BA opened at $188.36 on Friday. The firm has a market capitalization of $148.87 billion, a P/E ratio of 81.54 and a beta of 1.26. The stock has a 50-day simple moving average of $200.75 and a two-hundred day simple moving average of $215.14. 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 Boeing Company has a fifty-two week low of $176.77 and a fifty-two week high of $254.35.

Boeing (NYSE:BA - Get Free Report) last issued 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). The company had revenue of $24.56 billion during the quarter, compared to analysts' expectations of $24.26 billion. Boeing had a negative return on equity of 346.82% and a net margin of 2.41%. The firm's quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($1.24) EPS. On average, equities analysts forecast that The Boeing Company will post -1.08 earnings per share for the current year.

Trending Headlines about Boeing

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?

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Argus upgraded Boeing from a "hold" rating to a "buy" rating and set a $265.00 target price on the stock in a research report on Tuesday, August 11th. Bank of America reissued a "buy" rating and set a $270.00 price target on shares of Boeing in a research report on Friday, September 18th. The Goldman Sachs Group cut shares of Boeing from a "buy" rating to a "hold" rating in a research note on Tuesday, August 11th. Jefferies Financial Group decreased their price objective on shares of Boeing from $295.00 to $265.00 and set a "buy" rating for the company in a research note on Monday, September 21st. Finally, DZ Bank reaffirmed a "buy" rating on shares of Boeing in a report on Thursday, August 6th. Two equities 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 company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $266.96.

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.

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