14,852 Shares in The Boeing Company $BA Purchased by Pingora Partners LLC

Key Points

• Pingora Partners LLC purchased 14,852 Boeing shares worth approximately $3.2 million in the second quarter, making Boeing its seventh-largest holding and about 1.9% of its portfolio.
• Boeing’s stock opened at $212.48, below its 50-day and 200-day moving averages. The company reported quarterly revenue of $24.56 billion, up 8% year over year, but missed earnings expectations with a loss of $0.76 per share.
• Analysts maintain a generally positive outlook, with Boeing receiving a “Moderate Buy” consensus rating and an average price target of $272.58, despite some downgrades and ongoing execution concerns.

Pingora Partners LLC purchased a new stake in shares of The Boeing Company (NYSE:BA - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,852 shares of the aircraft producer's stock, valued at approximately $3,215,000. Boeing comprises about 1.9% of Pingora Partners LLC's investment portfolio, making the stock its 7th largest holding.

Several other institutional investors have also recently made changes to their positions in the stock. Measured Wealth Private Client Group LLC acquired a new stake in shares of Boeing in the 3rd quarter valued at approximately $25,000. Strive Financial Group LLC acquired a new position in Boeing during the fourth quarter worth $25,000. Ares Financial Consulting LLC bought a new stake in Boeing during the fourth quarter worth $26,000. CrossGen Wealth LLC bought a new stake in Boeing during the fourth quarter worth $26,000. Finally, Strategic Wealth Advisors LLC acquired a new stake in Boeing in the fourth quarter valued at $27,000. Institutional investors and hedge funds own 64.82% of the company's stock.

Boeing Stock Up 0.7%

Boeing stock opened at $212.48 on Thursday. The company's 50-day moving average price is $221.15 and its two-hundred day moving average price is $221.68. 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 stock has a market cap of $167.94 billion, a P/E ratio of 91.98 and a beta of 1.21. The Boeing Company has a twelve month low of $176.77 and a twelve month high of $254.35.

Boeing (NYSE:BA - Get Free Report) last issued its quarterly earnings data 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). 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 for the quarter, compared to the consensus estimate of $24.26 billion. During the same quarter in the prior year, the firm earned ($1.24) EPS. The company's revenue was up 8.0% on a year-over-year basis. As a group, analysts expect that The Boeing Company will post -0.87 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on BA shares. Cantor Fitzgerald downgraded shares of Boeing to a "neutral" rating in a research report on Tuesday, August 11th. William Blair reiterated an "outperform" rating on shares of Boeing in a research note on Tuesday, July 28th. Sanford C. Bernstein began coverage on Boeing in a report on Tuesday, August 11th. They set an "outperform" rating for the company. BNP Paribas Exane raised Boeing from an "underperform" rating to an "outperform" rating and boosted their price target for the stock from $230.00 to $300.00 in a research report on Monday, August 3rd. Finally, Tigress Financial upped their price objective on Boeing from $295.00 to $305.00 and gave the company a "buy" rating in a research note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $272.58.

More Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Bernstein initiated or reiterated a Buy view on Boeing, providing support for the stock despite recent operational concerns. Boeing Gets a Buy from Bernstein
• Positive Sentiment: Boeing and RTX won approximately $766 million in U.S. Air Force contracts tied to B-52 modernization. The award reinforces Boeing’s defense exposure and provides incremental backlog and revenue visibility. Boeing and RTX Win B-52 Modernization Contracts
• Positive Sentiment: The market continues to focus on Boeing’s potential $131.23 billion F-15 Eagle contract ceiling, which could support defense revenue through 2037 and include modernization, sustainment, and foreign military sales. However, the indefinite-delivery/indefinite-quantity award is a maximum authorization—not guaranteed revenue—and only about $344,000 was initially funded. F-15 Eagle Contract Announcement
• Positive Sentiment: Some valuation analysis argues Boeing may be undervalued after a roughly 10% annual decline, citing long-term defense contracts and technology partnerships as potential cash-flow catalysts. Execution remains the key risk. Boeing Stock Could Be Undervalued

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.

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