Allworth Financial LP bought a new stake in shares of The Boeing Company (NYSE:BA - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 42,666 shares of the aircraft producer's stock, valued at approximately $9,236,000.
Several other hedge funds have also made changes to their positions in BA. Measured Wealth Private Client Group LLC purchased a new stake in Boeing during the third quarter worth $25,000. Strive Financial Group LLC bought a new stake in Boeing during the 4th quarter valued at $25,000. Ares Financial Consulting LLC purchased a new position in shares of Boeing in the 4th quarter valued at $26,000. CrossGen Wealth LLC purchased a new position in shares of Boeing in the 4th quarter valued at $26,000. Finally, Strategic Wealth Advisors LLC bought a new position in shares of Boeing in the 4th quarter worth $27,000. 64.82% of the stock is currently owned by hedge funds and other institutional investors.
Boeing Stock Down 3.1%
Boeing stock opened at $215.22 on Friday. The company has a debt-to-equity ratio of 6.77, a current ratio of 1.14 and a quick ratio of 0.33. The stock has a market capitalization of $170.10 billion, a price-to-earnings ratio of 93.17 and a beta of 1.21. The Boeing Company has a 1-year low of $176.77 and a 1-year high of $254.35. The business has a fifty day moving average price of $222.21 and a 200-day moving average price of $222.31.
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 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 for the quarter, compared to analysts' expectations of $24.26 billion. During the same quarter last year, the firm earned ($1.24) earnings per share. The firm's quarterly revenue was up 8.0% compared to the same quarter last year. Equities research analysts forecast that The Boeing Company will post -0.87 EPS for the current fiscal year.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on the company. UBS Group initiated coverage on Boeing in a research note on Tuesday, August 11th. They set a "buy" rating for the company. Morgan Stanley boosted their target price on shares of Boeing from $245.00 to $250.00 and gave the stock an "equal weight" rating in a report on Thursday, April 23rd. Royal Bank Of Canada decreased their price target on shares of Boeing from $275.00 to $265.00 and set an "outperform" rating for the company in a research report on Wednesday, July 29th. Weiss Ratings restated a "sell (d+)" rating on shares of Boeing in a report on Tuesday, July 21st. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Boeing from $270.00 to $290.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $272.58.
Read Our Latest Stock Report on BA
Key Boeing News
Here are the key news stories impacting Boeing this week:
- Positive Sentiment: The U.S. State Department approved a potential $4.5 billion sale of KC-46A aerial refueling tankers to Qatar. The deal would support Boeing’s defense backlog and international sales, although it remains subject to final agreements and congressional review. US approves potential $4.5B sale of Boeing KC-46A tankers to Qatar
- Positive Sentiment: Boeing is progressing repairs and interior work on the next Air Force One aircraft, and it recently received a contract worth roughly $75 million for Air Force One parts. These developments provide defense and government-services revenue, though schedule pressure remains. Boeing advances Air Force One repairs
- Neutral Sentiment: Boeing’s partnership with Archer Aviation involves transferring Boeing-owned businesses—including Wisk Aero, Insitu and SkyGrid—in exchange for a strategic equity stake in Archer. The transaction could monetize noncore assets and preserve exposure to future aviation technology, but its near-term financial effect on BA is unclear. Archer Aviation bets big on becoming more than an air taxi company
- Negative Sentiment: The largest near-term overhang is uncertainty surrounding a contract vote by approximately 17,000 SPEEA engineers and technical workers. Rejection could lead to strike authorization after contracts expire on October 6, potentially disrupting Boeing’s recovery, certification work and production ramp. Boeing slides as labor vote uncertainty appears to outweigh recent operational progress
- Negative Sentiment: Air Force One repair work faces potential schedule threats related to windows and interior installation, reinforcing investor concerns about Boeing’s ability to execute complex programs on time and control costs.
- Negative Sentiment: Boeing’s $1.5 billion private bond financing for United Launch Alliance highlights continued capital needs and leverage concerns. With elevated debt and historically weak profitability, additional borrowing may weigh on sentiment despite supporting liquidity. A $1.5 Billion Deal: Why Boeing and Lockheed Stocks Are in Focus
About Boeing
(
Free Report)
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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