Abner Herrman & Brock LLC Has $28.15 Million Stake in The Boeing Company $BA

Key Points

• Abner Herrman & Brock increased its Boeing stake by 34.2% in the second quarter to 130,043 shares valued at approximately $28.15 million, making Boeing its 12th-largest portfolio holding.
• Boeing reported a quarterly loss of $0.76 per share, missing estimates of $0.34, although revenue rose 8% year over year to $24.56 billion. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $273.
• The FAA’s approval of the 737 MAX 7 supports Boeing’s delivery and cash-flow recovery, but inspections of 471 other 737 aircraft over potential structural cracks remain a risk to costs, deliveries and quality-control confidence.

Abner Herrman & Brock LLC raised its stake in The Boeing Company (NYSE:BA - Free Report) by 34.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 130,043 shares of the aircraft producer's stock after acquiring an additional 33,125 shares during the quarter. Boeing makes up approximately 2.7% of Abner Herrman & Brock LLC's investment portfolio, making the stock its 12th largest position. Abner Herrman & Brock LLC's holdings in Boeing were worth $28,150,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in BA. Vanguard Group Inc. raised its holdings in Boeing by 5.1% in the 4th quarter. Vanguard Group Inc. now owns 70,989,438 shares of the aircraft producer's stock valued at $15,413,227,000 after buying an additional 3,460,021 shares during the last quarter. Alyeska Investment Group L.P. lifted its holdings in shares of Boeing by 245.7% during the fourth quarter. Alyeska Investment Group L.P. now owns 2,252,450 shares of the aircraft producer's stock worth $489,052,000 after purchasing an additional 1,600,909 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Boeing by 43.1% during the fourth quarter. Janus Henderson Group PLC now owns 3,907,876 shares of the aircraft producer's stock worth $840,204,000 after purchasing an additional 1,176,074 shares during the period. Viking Global Investors LP grew its stake in shares of Boeing by 31.3% in the fourth quarter. Viking Global Investors LP now owns 3,953,087 shares of the aircraft producer's stock worth $858,294,000 after purchasing an additional 942,536 shares during the last quarter. Finally, Diamant Asset Management Inc. increased its holdings in Boeing by 19,623.0% in the first quarter. Diamant Asset Management Inc. now owns 872,348 shares of the aircraft producer's stock valued at $173,623,000 after purchasing an additional 867,925 shares during the period. Institutional investors own 64.82% of the company's stock.

Boeing Stock Up 1.0%

Boeing stock opened at $234.48 on Friday. The Boeing Company has a fifty-two week low of $176.77 and a fifty-two week high of $254.35. The stock has a market cap of $185.33 billion, a PE ratio of 101.51 and a beta of 1.21. The firm's 50-day simple moving average is $220.24 and its 200 day simple moving average is $223.61. 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 announced 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 business had revenue of $24.56 billion during the quarter, compared to analysts' expectations of $24.26 billion. Boeing had a negative return on equity of 346.82% and a net margin of 2.41%.Boeing's quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($1.24) EPS. Research analysts predict that The Boeing Company will post -0.88 EPS for the current fiscal year.

Insider Transactions at Boeing

In other Boeing news, Director Bradley D. Tilden bought 1,370 shares of the firm's stock in a transaction dated Wednesday, May 20th. The stock was purchased at an average cost of $218.50 per share, with a total value of $299,345.00. Following the transaction, the director directly owned 1,370 shares in the company, valued at $299,345. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.10% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Robert W. Baird set a $300.00 target price on Boeing in a research report on Wednesday, July 29th. Btg Pactual set a $260.00 price objective on Boeing in a research note on Tuesday, July 14th. Royal Bank Of Canada reduced their target price on Boeing from $275.00 to $265.00 and set an "outperform" rating on the stock in a report on Wednesday, July 29th. JPMorgan Chase & Co. increased 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. Finally, Weiss Ratings reiterated a "sell (d+)" rating on shares of Boeing in a research report on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $273.00.

Key Stories Impacting Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: The FAA approved Boeing’s 737 MAX 7 for commercial service after a lengthy certification process. The approval allows Boeing to begin delivering completed aircraft and removes a major bottleneck for its backlog, supporting expectations for higher revenue, deliveries and cash generation. Boeing Wins 737 MAX 7 Approval
• Positive Sentiment: Analyst optimism is providing another tailwind. Tigress Financial raised its price target on BA from $295 to $305 and reiterated a “buy” rating, citing the company’s operational acceleration and the potential benefits of the MAX 7 rollout. Boeing Price Target Raised
• Positive Sentiment: Recent coverage points to improving production, deliveries and cash-flow prospects as Boeing moves past manufacturing disruptions and regulatory restrictions. Jim Cramer’s earlier bullish view on a turnaround is being highlighted after BA’s recent rally, although his comments are primarily sentiment-driven rather than a new fundamental catalyst. Jim Cramer on Boeing
• Neutral Sentiment: BA has gained roughly 8% this week following the MAX 7 approval, but its longer-term performance remains more muted. At about $234, the stock is near the upper portion of its 52-week range, with a forward-looking turnaround narrative already reflected in a high valuation.
• Negative Sentiment: The FAA ordered inspections of 471 737-8, 737-9 and 737-8200 aircraft after identifying possible cracks near a service-door structural reinforcement. Boeing supports the directive and says the issue has not been observed in the MAX fleet, but required inspections and any repairs could increase costs, delay aircraft and revive concerns about Boeing’s quality controls. FAA Probe Into Boeing 737 Jets

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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