15,938 The Boeing Company $BA Shares Purchased by Center For Asset Management LLC

Key Points

• Center For Asset Management LLC increased its Boeing stake by 1,644.8% in the third quarter, purchasing 15,938 additional shares and bringing its total holdings to 16,907 shares valued at approximately $3.15 million.
• Institutional ownership remains substantial, with hedge funds and other institutional investors holding 64.82% of Boeing’s shares; several major firms recently established or expanded positions.
• Boeing’s shares opened at $189.98, below their 50-day and 200-day moving averages, while the company’s latest quarterly results missed earnings expectations. Despite mixed analyst views, the stock carries a consensus “Moderate Buy” rating and an average price target of $266.96.

Center For Asset Management LLC boosted its position in The Boeing Company (NYSE:BA - Free Report) by 1,644.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,907 shares of the aircraft producer's stock after buying an additional 15,938 shares during the quarter. Boeing accounts for approximately 1.4% of Center For Asset Management LLC's holdings, making the stock its 20th biggest holding. Center For Asset Management LLC's holdings in Boeing were worth $3,146,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BA. Jupiter Topco LLC purchased a new position in shares of Boeing during the 2nd quarter valued at approximately $911,878,000. Bank of New York Mellon Corp acquired a new stake in shares of Boeing during the second quarter worth approximately $747,763,000. Legal & General Group Plc bought a new stake in shares of Boeing in the second quarter worth $710,816,000. Deutsche Bank AG bought a new stake in shares of Boeing in the second quarter worth $539,456,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Boeing in the second quarter worth $441,997,000. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Price Performance

Shares of BA opened at $189.98 on Friday. The firm has a market cap of $150.16 billion, a price-to-earnings ratio of 82.24 and a beta of 1.26. The stock has a 50 day moving average of $204.93 and a 200-day moving average of $215.57. The company has a current ratio of 1.14, a quick ratio of 0.33 and a debt-to-equity ratio of 6.77. The Boeing Company has a 52 week low of $176.77 and a 52 week high of $254.35.

Boeing (NYSE:BA - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The aircraft producer reported ($0.76) earnings per share for the quarter, missing analysts' consensus estimates of ($0.34) by ($0.42). The firm 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%. Boeing's revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the firm posted ($1.24) earnings per share. As a group, analysts forecast that The Boeing Company will post -0.96 EPS for the current year.

Trending Headlines about Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing is reportedly in discussions with Cathay Pacific over a potential order for as many as 50 wide-body aircraft. Although Cathay is also considering Airbus, a win would strengthen Boeing’s backlog and support future production and deliveries. Boeing Heads Into Talks Over Up To 50 Wide Body Jets
• Positive Sentiment: Southwest Airlines is reportedly considering another Boeing purchase, adding to recent commercial-aircraft deal momentum and potentially supporting Boeing’s order pipeline. Boeing Stock Gains as Southwest Considers Buy
• Positive Sentiment: Boeing averted a possible engineers’ strike after new contracts were signed, reducing a near-term operational disruption risk. Boeing Strike Deadline and New Contracts
• Positive Sentiment: Barclays maintained an optimistic outlook, with a $300 price target implying substantial upside and citing Boeing’s improving revenue trajectory. Barclays Sees Upside in Boeing Stock
• Neutral Sentiment: Board members with deeper aviation expertise could help Boeing shape its next-generation aircraft strategy, though the benefit is longer term. Boeing’s Boardroom Strategy
• Negative Sentiment: Chief Sales Officer Ihssane Mounir McMullen plans to retire, creating a leadership transition in a critical commercial-sales role. Boeing Sales Chief to Retire
• Negative Sentiment: Morgan Stanley cut its price target from $250 to $225, while retaining a Buy rating. RBC also reduced its target from $265 to $235, citing defense-budget uncertainty. Morgan Stanley Boeing Price Target
• Negative Sentiment: A separate risk-reward assessment assigned Boeing a low score and a Sell rating, underscoring valuation, balance-sheet and execution concerns. Boeing Risk-Reward Assessment

Analyst Upgrades and Downgrades

Several analysts recently issued reports on BA shares. DZ Bank reaffirmed a "buy" rating on shares of Boeing in a report on Thursday, August 6th. William Blair reissued an "outperform" rating on shares of Boeing in a report on Wednesday, September 30th. Sanford C. Bernstein decreased their price objective on shares of Boeing from $298.00 to $278.00 and set an "outperform" rating for the company in a report on Monday, October 12th. Citigroup downgraded shares of Boeing from a "buy" rating to a "sell" rating in a research report on Tuesday, August 11th. Finally, BNP Paribas Exane upgraded shares of Boeing from an "underperform" rating to an "outperform" rating and upped their target price for the company from $230.00 to $300.00 in a research note on Monday, August 3rd. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Boeing has a consensus rating of "Moderate Buy" and an average target price 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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