Algert Global LLC Cuts Position in The Boeing Company $BA

Algert Global LLC decreased its stake in The Boeing Company (NYSE:BA - Free Report) by 60.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,493 shares of the aircraft producer's stock after selling 21,887 shares during the period. Algert Global LLC's holdings in Boeing were worth $3,137,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BA. Bank of New York Mellon Corp acquired a new position in shares of Boeing during the 2nd quarter worth approximately $747,763,000. Deutsche Bank AG acquired a new stake in Boeing during the 2nd quarter valued at $539,456,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Boeing during the 2nd quarter valued at $441,997,000. Alyeska Investment Group L.P. increased its position in 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 buying an additional 1,600,909 shares in the last quarter. Finally, Janus Henderson Group PLC increased its position in 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 buying an additional 1,176,074 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing expanded and extended its credit facilities, including a new 364-day agreement with a lender syndicate. The move should improve near-term liquidity and financial flexibility, although it also underscores the company’s substantial funding needs. Boeing Expands and Extends Credit Facilities to Bolster Liquidity
• Positive Sentiment: The Pentagon awarded Boeing a sole-source F-15 sustainment contract with a potential ceiling of roughly $131.2 billion through 2037. The headline figure strengthens Boeing’s defense backlog, though only a smaller portion has been obligated so far, limiting the immediate financial impact. Boeing’s $131B F-15 Win
• Positive Sentiment: GE Aerospace’s LEAP engine deliveries rose sharply this year. Higher engine availability is important for Boeing because engine supply remains a bottleneck to increasing 737 and other aircraft deliveries, revenue recognition, and cash generation. GE Aerospace’s LEAP Engine Deliveries Jumped 41%
• Neutral Sentiment: Analysts continue to view Boeing and other defense contractors as beneficiaries of elevated military spending, strong backlogs, and geopolitical demand. However, comparisons with General Dynamics highlight Boeing’s execution, debt, and profitability challenges. BA vs. GD: Which Defense Contractor Has Stronger Growth Prospects?
• Negative Sentiment: Boeing engineers and technical workers overwhelmingly rejected a four-year contract proposal and authorized a strike, raising the risk of higher labor costs, production disruption, and delays to commercial-aircraft recovery. Negotiators are scheduled to resume talks Monday. Boeing and Union Negotiators to Meet Monday
• Negative Sentiment: Boeing has reportedly posted contractor openings for engineering and technical positions as the labor dispute escalates. The apparent preparation for replacement or contingency staffing increases uncertainty and may further strain relations with the union. Boeing Posts Contract Jobs in Labor Dispute
• Negative Sentiment: Investor commentary continues to flag Boeing’s heavy debt burden and the risk that large contract ceilings may not translate into near-term cash flow. Financing actions and elevated valuation make execution particularly important for BA.

Boeing Price Performance

Shares of NYSE BA opened at $209.84 on Friday. The Boeing Company has a fifty-two week low of $176.77 and a fifty-two week high of $254.35. The business has a 50 day moving average price of $220.60 and a two-hundred day moving average price of $221.36. 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 firm has a market cap of $165.85 billion, a PE ratio of 90.84 and a beta of 1.21.

Boeing (NYSE:BA - Get Free Report) last announced its earnings results on Tuesday, July 28th. The aircraft producer reported ($0.76) earnings per share (EPS) 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 analyst estimates of $24.26 billion. Boeing had a net margin of 2.41% and a negative return on equity of 346.82%. The business's revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the previous year, the company earned ($1.24) earnings per share. Sell-side analysts expect that The Boeing Company will post -0.87 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Btg Pactual set a $260.00 target price on shares of Boeing in a research note on Tuesday, July 14th. Sanford C. Bernstein assumed coverage on shares of Boeing in a research note on Tuesday, August 11th. They set an "outperform" rating on the stock. UBS Group started coverage on shares of Boeing in a report on Tuesday, August 11th. They set a "buy" rating for the company. Cantor Fitzgerald lowered shares of Boeing to a "neutral" rating in a research report on Tuesday, August 11th. Finally, Weiss Ratings restated 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, twelve have assigned a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Boeing has a consensus rating of "Moderate Buy" and an average 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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