286,756 Shares in The Boeing Company $BA Acquired by Public Employees Retirement System of Ohio

Key Points

• Public Employees Retirement System of Ohio acquired 286,756 Boeing shares in the second quarter, valued at approximately $62.1 million. Institutional investors and hedge funds collectively own 64.82% of Boeing.
• Boeing’s defense business is gaining support from major contracts, including a potential $131.23 billion F-15 sustainment deal and $766 million in B-52 modernization awards, though the F-15 figure represents a maximum ceiling rather than guaranteed revenue.
• The company still faces significant risks, including high leverage, manufacturing-quality concerns, labor tensions and a quarterly earnings miss. Despite these challenges, analysts maintain a consensus “Moderate Buy” rating with an average price target of $272.58.

Public Employees Retirement System of Ohio purchased a new stake in The Boeing Company (NYSE:BA - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 286,756 shares of the aircraft producer's stock, valued at approximately $62,074,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Revolve Wealth Partners LLC acquired a new stake in shares of Boeing in the fourth quarter valued at approximately $201,000. Sivia Capital Partners LLC raised its position in Boeing by 16.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,529 shares of the aircraft producer's stock valued at $320,000 after purchasing an additional 217 shares during the last quarter. AXA S.A. boosted its stake in Boeing by 1,225.7% during the 2nd quarter. AXA S.A. now owns 34,655 shares of the aircraft producer's stock worth $7,261,000 after purchasing an additional 32,041 shares during the period. Ieq Capital LLC grew its position in Boeing by 243.8% during the 2nd quarter. Ieq Capital LLC now owns 33,485 shares of the aircraft producer's stock worth $7,016,000 after purchasing an additional 23,746 shares during the last quarter. Finally, Alliancebernstein L.P. grew its position in Boeing by 4.2% in the 2nd quarter. Alliancebernstein L.P. now owns 1,334,451 shares of the aircraft producer's stock valued at $279,608,000 after buying an additional 53,736 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company's stock.

Key Headlines Impacting Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing secured a sole-source F-15 sustainment contract with a potential ceiling of approximately $131.23 billion through 2037. The award strengthens Boeing’s long-term defense backlog, although the ceiling represents a maximum potential value rather than guaranteed revenue. Boeing's $131B F-15 Win
• Positive Sentiment: Boeing and RTX won a combined $766 million in B-52 modernization contracts, providing additional evidence of continued U.S. defense demand for Boeing’s products and services. Boeing, RTX Win B-52 Contracts
• Positive Sentiment: Recent commentary portrays Boeing’s turnaround as progressing, with profitability and strong revenue growth expected as the company stabilizes production. Bernstein also initiated or reiterated a Buy rating, while valuation analysis suggested the shares could be undervalued after their recent decline. Boeing vs. Joby Aviation
• Neutral Sentiment: Reports said President Trump purchased as much as $500,000 of Boeing stock on the same day the Navy awarded Boeing a contract worth up to $880 million. The purchase may attract attention, but it does not change Boeing’s underlying financial outlook. Trump Bought Boeing Stock
• Negative Sentiment: Boeing has posted contractor openings for engineering and technical roles during a labor dispute with the SPEEA white-collar union. The move raises concerns about a potential strike, workforce disruption and additional execution risk. Boeing Posts Contract Jobs
• Negative Sentiment: A Boeing quality manager publicly expressed serious concerns about the 787 and 737 MAX, reinforcing ongoing worries about manufacturing quality, regulatory scrutiny and production reliability. Boeing Quality Concerns
• Negative Sentiment: Investors remain cautious because Boeing continues to carry substantial debt and faces commercial-aircraft headwinds. Commentary also questioned whether the $131 billion F-15 figure could translate into meaningful near-term cash flow, while the company’s decision to repurchase a business it previously sold highlighted concerns about capital allocation. Boeing F-15 Contract Ceiling

Boeing Trading Down 1.1%

Shares of NYSE:BA opened at $209.78 on Friday. 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 company's 50-day moving average price is $220.87 and its 200 day moving average price is $221.44. The company has a market cap of $165.81 billion, a PE ratio of 90.82 and a beta of 1.21. 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 released its 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 analyst estimates of $24.26 billion. Boeing had a negative return on equity of 346.82% and a net margin of 2.41%.The business's revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter last year, the company earned ($1.24) earnings per share. Sell-side analysts anticipate that The Boeing Company will post -0.87 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. UBS Group started coverage on Boeing in a research note on Tuesday, August 11th. They set a "buy" rating on the stock. The Goldman Sachs Group downgraded Boeing from a "buy" rating to a "hold" rating in a research report on Tuesday, August 11th. Cantor Fitzgerald lowered shares of Boeing to a "neutral" rating in a research report on Tuesday, August 11th. JPMorgan Chase & Co. lifted their price objective on Boeing from $270.00 to $290.00 and gave the company an "overweight" rating in a research note on Wednesday, July 29th. Finally, Sanford C. Bernstein assumed coverage on Boeing in a report on Tuesday, August 11th. They issued an "outperform" rating for the company. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $272.58.

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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