17,523 Shares in The Boeing Company $BA Purchased by Associated Banc Corp

Key Points

• Associated Banc Corp opened a new Boeing position, buying 17,523 shares worth approximately $3.26 million in the third quarter. Institutional investors and hedge funds collectively own 64.82% of Boeing’s stock.
• Boeing received a boost from Avolon’s order for 140 737-10 jets, but its recovery faces risks from a delayed 737 MAX production ramp and 777X schedule concerns.
• Boeing’s latest quarter missed earnings expectations, reporting a loss of $0.34 per share versus a forecast loss of $0.25, though revenue beat estimates and rose 3.9% year over year. Analysts’ consensus rating is “Moderate Buy,” with an average price target of $247.88.

Associated Banc Corp bought a new position in The Boeing Company (NYSE:BA - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 17,523 shares of the aircraft producer's stock, valued at approximately $3,260,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Richwood Investment Advisors LLC increased its position in Boeing by 6.6% during the third quarter. Richwood Investment Advisors LLC now owns 5,389 shares of the aircraft producer's stock worth $1,003,000 after purchasing an additional 332 shares during the last quarter. Integrity Alliance LLC. boosted its position in shares of Boeing by 20.6% in the third quarter. Integrity Alliance LLC. now owns 8,163 shares of the aircraft producer's stock worth $1,519,000 after buying an additional 1,395 shares during the period. First Nebraska Trust Co purchased a new position in Boeing in the 3rd quarter worth approximately $504,000. CrossGen Wealth LLC grew its holdings in Boeing by 377.4% during the 3rd quarter. CrossGen Wealth LLC now owns 253 shares of the aircraft producer's stock valued at $47,000 after purchasing an additional 200 shares in the last quarter. Finally, Tucker Asset Management LLC acquired a new stake in Boeing during the 3rd quarter valued at $220,000. Institutional investors and hedge funds own 64.82% of the company's stock.

Key Stories Impacting Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Avolon finalized an order for 140 Boeing 737-10 jets, a record 737 MAX purchase by a lessor. The deal lifts Avolon’s 737 MAX backlog above 240 aircraft and underscores demand for Boeing’s single-aisle jets. Avolon Finalizes Order for 140 Boeing 737-10 Jets
• Positive Sentiment: Two Boeing directors bought about $1.51 million of shares after the recent earnings report: Mortimer Buckley purchased 5,820 shares and Steven Mollenkopf bought 2,950. The insider buying may signal confidence in the company’s recovery, although it does not guarantee improved results. Boeing Chairman and Former Vanguard CEO Buy $1.51 Million in Stock
• Neutral Sentiment: Coverage described a mixed day for Boeing, with fuel-tank inspection concerns counterbalanced by new orders. The available report details do not specify the scope or likely financial impact of the inspections. Fuel Tank Inspections, New Orders Send Boeing Stock Rising
• Negative Sentiment: Boeing’s recovery still faces execution risks: its 737 MAX production ramp has been pushed back, while Emirates has voiced concern about the delayed 777X. Further schedule setbacks could postpone deliveries and revenue. Boeing Stock Slips as Emirates Gets Concerned

Insider Buying and Selling

In other Boeing news, Director Mortimer J. Buckley acquired 5,820 shares of the firm's stock in a transaction on Friday, October 30th. The stock was purchased at an average cost of $171.55 per share, for a total transaction of $998,421.00. Following the transaction, the director owned 10,250 shares of the company's stock, valued at $1,758,387.50. The trade was a 131.38% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Steven M. Mollenkopf bought 2,950 shares of the company's stock in a transaction dated Friday, October 30th. The stock was acquired at an average price of $173.03 per share, for a total transaction of $510,438.50. Following the acquisition, the director directly owned 6,717 shares in the company, valued at $1,162,242.51. This trade represents a 78.31% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.10% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on BA shares. Barclays cut their price objective on shares of Boeing from $300.00 to $250.00 and set an "overweight" rating on the stock in a report on Wednesday, October 28th. Langenberg & Company set a $250.00 target price on Boeing in a research note on Tuesday, October 27th. Btg Pactual set a $260.00 target price on Boeing in a research report on Tuesday, July 14th. Argus raised 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. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a $235.00 price target on shares of Boeing in a report on Monday, October 26th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $247.88.

Boeing Stock Up 2.1%

NYSE:BA opened at $176.88 on Thursday. The Boeing Company has a 52 week low of $165.01 and a 52 week high of $254.35. The company has a current ratio of 1.13, a quick ratio of 0.34 and a debt-to-equity ratio of 6.31. The stock has a 50 day moving average of $193.91 and a 200-day moving average of $216.17. The firm has a market capitalization of $140.17 billion, a PE ratio of 19.25 and a beta of 1.34.

Boeing (NYSE:BA - Get Free Report) last announced its quarterly earnings results on Tuesday, October 27th. The aircraft producer reported ($0.34) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.25) by ($0.09). Boeing had a negative return on equity of 42.40% and a net margin of 7.98%. The business had revenue of $24.19 billion for the quarter, compared to analyst estimates of $23.95 billion. During the same quarter last year, the firm posted ($7.47) EPS. The company's revenue was up 3.9% compared to the same quarter last year. Analysts predict that The Boeing Company will post -1.72 EPS for the current year.

Boeing Profile

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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