4,212,507 Shares in The Boeing Company $BA Bought by Jupiter Topco LLC

Key Points

• Jupiter Topco LLC bought 4.21 million Boeing shares worth approximately $911.9 million, giving it a 0.53% stake. Institutional investors collectively own 64.82% of Boeing.
• Analyst sentiment is cautiously positive, with Boeing carrying a “Moderate Buy” consensus rating and an average price target of $272.58, although ratings range from Strong Buy to Sell.
• Boeing’s latest quarterly revenue rose 8% year over year to $24.56 billion, but the company reported an adjusted loss of $0.76 per share, missing estimates; shares opened at $211.09.

Jupiter Topco LLC bought a new stake in The Boeing Company (NYSE:BA - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,212,507 shares of the aircraft producer's stock, valued at approximately $911,878,000. Jupiter Topco LLC owned 0.53% of Boeing as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. XML Financial LLC lifted its stake in shares of Boeing by 0.5% in the 4th quarter. XML Financial LLC now owns 8,905 shares of the aircraft producer's stock valued at $1,933,000 after purchasing an additional 43 shares during the period. North Star Investment Management Corp. grew its stake in Boeing by 1.6% during the fourth quarter. North Star Investment Management Corp. now owns 2,833 shares of the aircraft producer's stock worth $615,000 after purchasing an additional 44 shares during the period. Strait & Sound Wealth Management LLC increased its holdings in Boeing by 1.1% in the fourth quarter. Strait & Sound Wealth Management LLC now owns 3,915 shares of the aircraft producer's stock worth $850,000 after purchasing an additional 44 shares in the last quarter. B.O.S.S. Retirement Advisors LLC increased its holdings in Boeing by 1.4% in the first quarter. B.O.S.S. Retirement Advisors LLC now owns 3,175 shares of the aircraft producer's stock worth $632,000 after purchasing an additional 44 shares in the last quarter. Finally, PKS Advisory Services LLC lifted its stake in Boeing by 2.5% in the fourth quarter. PKS Advisory Services LLC now owns 1,839 shares of the aircraft producer's stock valued at $399,000 after buying an additional 45 shares during the period. Institutional investors own 64.82% of the company's stock.

Wall Street Analysts Forecast Growth

BA has been the subject of several recent analyst reports. Sanford C. Bernstein initiated coverage on shares of Boeing in a research report on Tuesday, August 11th. They set an "outperform" rating for the company. JPMorgan Chase & Co. boosted their target price on shares of Boeing from $270.00 to $290.00 and gave the company an "overweight" rating in a research report on Wednesday, July 29th. Royal Bank Of Canada cut their target price on shares of Boeing from $275.00 to $265.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 29th. Weiss Ratings restated a "sell (d+)" rating on shares of Boeing in a report on Tuesday, July 21st. Finally, Argus raised shares of Boeing from a "hold" rating to a "buy" rating and set a $265.00 price target for the company in a research note on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $272.58.

Trending Headlines about Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Major F-15 defense award: The U.S. Air Force awarded Boeing an indefinite-delivery/indefinite-quantity contract with a ceiling of approximately $131.2 billion for the F-15 Eagle Crest program. The agreement covers aircraft production, upgrades, maintenance and sustainment through August 2037, potentially strengthening Boeing’s defense revenue visibility and helping its struggling defense division. The full contract value is a ceiling rather than guaranteed revenue, so the actual financial benefit will depend on future orders. Reuters F-15 contract article
• Positive Sentiment: Turnaround and portfolio focus: Boeing sold three businesses in one week, including a transaction involving Archer Aviation. The divestitures could simplify the company, improve capital allocation and allow management to focus on commercial aircraft and core defense operations. The Archer arrangement adds strategic value, although analysts indicate it is unlikely to materially affect near-term earnings. Boeing business sales and Archer article
• Neutral Sentiment: Additional defense and commercial activity: Boeing continues to receive support from demand for its P-8 Poseidon program and delivered another 777 freighter to National Airlines. These developments reinforce aircraft demand and backlog potential but are relatively small compared with the F-15 award and are unlikely to change near-term valuation on their own. P-8 Poseidon demand article
• Negative Sentiment: Labor uncertainty: The Society of Professional Engineering Employees in Aerospace rejected Boeing’s proposed agreement by a wide margin. A difficult contract renegotiation could increase labor costs, disrupt engineering work or delay Boeing’s operational recovery. SPEEA vote article

Boeing Trading Up 0.3%

Shares of Boeing stock opened at $211.09 on Wednesday. The stock has a market capitalization of $166.84 billion, a PE ratio of 91.38 and a beta of 1.21. The Boeing Company has a 52 week low of $176.77 and a 52 week high of $254.35. The stock has a 50 day moving average price of $221.41 and a two-hundred day moving average price of $221.85. The company has a debt-to-equity ratio of 6.77, a quick ratio of 0.33 and a current ratio of 1.14.

Boeing (NYSE:BA - Get Free Report) last issued 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). 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 analyst estimates of $24.26 billion. During the same period in the previous year, the company earned ($1.24) earnings per share. Boeing's revenue for the quarter was up 8.0% compared to the same quarter last year. As a group, equities analysts anticipate that The Boeing Company will post -0.87 earnings per share for the current fiscal year.

Boeing Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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