8,319 Shares in The Boeing Company $BA Acquired by 1ST Source Bank

Key Points

• 1ST Source Bank acquired 8,319 Boeing shares during the second quarter, valued at approximately $1.8 million. Institutional investors collectively own 64.82% of Boeing’s outstanding stock.
• Boeing shares opened at $231.50, with the stock trading between a 52-week range of $176.77 and $254.35. The company reported quarterly revenue of $24.56 billion, up 8% year over year, but its adjusted loss of $0.76 per share missed analyst expectations.
• Analyst sentiment remains mixed but leans positive: Boeing has an average “Moderate Buy” rating and a consensus price target of $272.58, while recent developments include expanded Pentagon missile-component agreements and the sale of several non-core businesses to Archer Aviation.

1ST Source Bank acquired a new position in shares of The Boeing Company (NYSE:BA - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 8,319 shares of the aircraft producer's stock, valued at approximately $1,801,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in BA. Purus Wealth Management LLC raised its stake in Boeing by 3.6% in the fourth quarter. Purus Wealth Management LLC now owns 1,177 shares of the aircraft producer's stock worth $256,000 after buying an additional 41 shares in the last quarter. XML Financial LLC lifted its stake in shares of Boeing by 0.5% during the 4th quarter. XML Financial LLC now owns 8,905 shares of the aircraft producer's stock worth $1,933,000 after purchasing an additional 43 shares during the last quarter. Global Financial Private Client LLC lifted its stake in shares of Boeing by 1.1% during the 4th quarter. Global Financial Private Client LLC now owns 4,025 shares of the aircraft producer's stock worth $874,000 after purchasing an additional 44 shares during the last quarter. North Star Investment Management Corp. boosted its position 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 valued at $615,000 after purchasing an additional 44 shares in the last quarter. Finally, Strait & Sound Wealth Management LLC boosted its holdings in shares of Boeing by 1.1% in the 4th quarter. Strait & Sound Wealth Management LLC now owns 3,915 shares of the aircraft producer's stock valued at $850,000 after buying an additional 44 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors.

Boeing Trading Down 0.1%

Boeing stock opened at $231.50 on Monday. 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 Boeing Company has a 52 week low of $176.77 and a 52 week high of $254.35. The company has a market capitalization of $182.97 billion, a price-to-earnings ratio of 100.21 and a beta of 1.21. The stock has a 50-day moving average price of $221.70 and a 200 day moving average price of $222.79.

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 the consensus estimate of ($0.34) by ($0.42). Boeing had a negative return on equity of 346.82% and a net margin of 2.41%.The business had revenue of $24.56 billion during the quarter, compared to analyst estimates of $24.26 billion. During the same quarter last year, the company posted ($1.24) EPS. Boeing's quarterly revenue was up 8.0% compared to the same quarter last year. Sell-side analysts anticipate that The Boeing Company will post -0.87 EPS for the current year.

Insider Buying and Selling

In related news, Director Bradley D. Tilden acquired 1,370 shares of Boeing stock in a transaction on Wednesday, May 20th. The stock was acquired at an average price of $218.50 per share, for a total transaction of $299,345.00. Following the purchase, the director owned 1,370 shares of the company's stock, valued at approximately $299,345. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.10% of the company's stock.

Trending Headlines about Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: The Pentagon signed framework agreements with Boeing and RTX to increase production of components for SM-3 Block IIA and Block IB interceptor missiles. The seven-year arrangements could provide greater visibility for Boeing’s defense business and support incremental revenue, helping drive the stock higher. Pentagon signs deals with Boeing and RTX
• Positive Sentiment: Boeing is selling Wisk Aero, Insitu and SkyGrid to Archer Aviation in an all-stock transaction that gives Boeing an approximately 20% stake in Archer. Analysts view the deal as a way to exit a struggling, non-core air-taxi operation while retaining exposure to autonomy and electric-aircraft technologies, potentially sharpening Boeing’s turnaround focus. Boeing’s Wisk sale and portfolio strategy
• Positive Sentiment: Avolon agreed to lease up to seven Boeing 737-8200 aircraft to India’s Akasa Air. The transaction supports continued demand for Boeing’s narrow-body aircraft in one of the aviation industry’s fastest-growing markets. Avolon and Akasa Air 737 transaction
• Neutral Sentiment: Odysight.ai received a Boeing purchase order and will demonstrate AI-powered predictive-maintenance technology at two Boeing sites. The initiative could improve future maintenance capabilities and create supplier opportunities, but its immediate financial impact on BA is expected to be limited. Odysight.ai Boeing purchase order
• Neutral Sentiment: JLL is considering Boeing’s former Chicago headquarters for a potential global headquarters move. The move could benefit Boeing through property monetization or reduced real-estate obligations, though no transaction has been finalized. JLL considers Boeing’s former headquarters

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. The Goldman Sachs Group lowered shares of Boeing from a "buy" rating to a "hold" rating in a report on Tuesday, August 11th. Btg Pactual set a $260.00 price objective on Boeing in a report on Tuesday, July 14th. Sanford C. Bernstein started coverage on Boeing in a research report on Tuesday, August 11th. They issued an "outperform" rating for the company. BNP Paribas Exane upgraded Boeing from an "underperform" rating to an "outperform" rating and boosted their target price for the stock from $230.00 to $300.00 in a research note on Monday, August 3rd. Finally, Weiss Ratings restated a "sell (d+)" rating on shares of Boeing in a research note on Tuesday, July 21st. One research 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 company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price 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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