36,768 The Boeing Company $BA Shares Purchased by Sterling Investment Management LLC

Key Points

• Sterling Investment Management increased its Boeing stake by 363.4% in the third quarter, purchasing 36,768 shares and bringing its total holdings to 46,885 shares valued at approximately $8.7 million.
• Boeing shares opened at $189.98, near the lower end of their 12-month range, while the company reported a quarterly loss of $0.76 per share—worse than analyst expectations—despite revenue rising 8% year over year to $24.56 billion.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $266.96, although some firms recently lowered their targets and Citigroup downgraded the stock to “Sell.”

Sterling Investment Management LLC increased its stake in shares of The Boeing Company (NYSE:BA - Free Report) by 363.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 46,885 shares of the aircraft producer's stock after buying an additional 36,768 shares during the period. Boeing comprises 4.1% of Sterling Investment Management LLC's portfolio, making the stock its 6th largest holding. Sterling Investment Management LLC's holdings in Boeing were worth $8,723,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Highland Investment Advisors LLC acquired a new stake in shares of Boeing during the 2nd quarter valued at approximately $26,000. Strategic Wealth Advisors LLC purchased a new stake in shares of Boeing during the 2nd quarter worth approximately $27,000. Retirement Wealth Solutions LLC grew its holdings in shares of Boeing by 3,575.0% in the 3rd quarter. Retirement Wealth Solutions LLC now owns 147 shares of the aircraft producer's stock worth $27,000 after acquiring an additional 143 shares during the period. Bayban acquired a new stake in shares of Boeing in the 4th quarter worth approximately $29,000. Finally, Bell Investment Advisors Inc acquired a new stake in shares of Boeing in the 2nd quarter worth approximately $29,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Stock Performance

Shares of BA opened at $189.98 on Friday. 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 stock has a market cap of $150.16 billion, a P/E ratio of 82.24 and a beta of 1.26. The company has a 50-day moving average of $204.93 and a two-hundred day moving average of $215.57. The Boeing Company has a 12-month low of $176.77 and a 12-month high of $254.35.

Boeing (NYSE:BA - Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The aircraft producer reported ($0.76) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.34) by ($0.42). The business had revenue of $24.56 billion during the quarter, compared to analysts' expectations of $24.26 billion. Boeing had a net margin of 2.41% and a negative return on equity of 346.82%. The firm's revenue for the quarter was up 8.0% on a year-over-year basis. During the same period last year, the company earned ($1.24) EPS. As a group, research analysts predict that The Boeing Company will post -0.96 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BA has been the subject of several research analyst reports. Robert W. Baird set a $300.00 price objective on Boeing and gave the company an "outperform" rating in a research note on Wednesday, July 29th. Sanford C. Bernstein decreased their target price on Boeing from $298.00 to $278.00 and set an "outperform" rating on the stock in a research report on Monday, October 12th. Citigroup downgraded Boeing from a "buy" rating to a "sell" rating in a research report on Tuesday, August 11th. Tigress Financial upped their target price on Boeing from $295.00 to $305.00 and gave the company a "buy" rating in a report on Thursday, August 6th. Finally, Jefferies Financial Group dropped their price target on Boeing from $295.00 to $265.00 and set a "buy" rating for the company in a research report on Monday, September 21st. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $266.96.

Key Boeing News

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

Boeing Company 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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