AMG National Trust Bank Buys Shares of 16,271 The Boeing Company $BA

Key Points

• AMG National Trust Bank initiated a Boeing position, purchasing 16,271 shares worth approximately $3.52 million during the second quarter. 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 low of $176.77 and high of $254.35. The company’s latest quarterly results missed EPS expectations, reporting a $0.76 loss per share versus the projected $0.34 loss.
• Analyst sentiment remains mixed but leans positive, with Boeing carrying a “Moderate Buy” consensus rating and an average price target of $272.58; recent developments include expanded defense agreements, the sale of non-core aviation assets to Archer, and continued 737 aircraft demand.

AMG National Trust Bank bought a new position in shares of The Boeing Company (NYSE:BA - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 16,271 shares of the aircraft producer's stock, valued at approximately $3,522,000.

A number of other institutional investors have also recently added to or reduced their stakes in BA. Revolve Wealth Partners LLC bought a new position in shares of Boeing during the fourth quarter valued at $201,000. Sivia Capital Partners LLC grew its stake in shares of Boeing by 16.5% in the second quarter. Sivia Capital Partners LLC now owns 1,529 shares of the aircraft producer's stock worth $320,000 after purchasing an additional 217 shares during the last quarter. AXA S.A. grew its stake in shares of Boeing by 1,225.7% in the second quarter. AXA S.A. now owns 34,655 shares of the aircraft producer's stock worth $7,261,000 after purchasing an additional 32,041 shares during the last quarter. Ieq Capital LLC increased its holdings in Boeing by 243.8% in the second quarter. Ieq Capital LLC now owns 33,485 shares of the aircraft producer's stock valued at $7,016,000 after purchasing an additional 23,746 shares during the period. Finally, Alliancebernstein L.P. increased its holdings in Boeing by 4.2% in the second quarter. Alliancebernstein L.P. now owns 1,334,451 shares of the aircraft producer's stock valued at $279,608,000 after purchasing an additional 53,736 shares during the period. 64.82% of the stock is owned by institutional investors.

Boeing Stock Performance

Shares of BA stock opened at $231.50 on Monday. The firm has a 50 day moving average of $221.70 and a 200-day moving average of $222.79. The company has a market cap of $182.97 billion, a price-to-earnings ratio of 100.21 and a beta of 1.21. 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.

Boeing (NYSE:BA - Get Free Report) last released 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 company had revenue of $24.56 billion for 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 firm's 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. On average, equities analysts forecast that The Boeing Company will post -0.87 earnings per share for the current year.

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

Analyst Upgrades and Downgrades

Several research analysts have commented on BA shares. Barclays downgraded Boeing from an "equal weight" rating to an "underweight" rating in a report on Tuesday, August 11th. Tigress Financial increased their price target on Boeing from $295.00 to $305.00 and gave the company a "buy" rating in a research note on Thursday, August 6th. Royal Bank Of Canada lowered their price objective on Boeing from $275.00 to $265.00 and set an "outperform" rating for the company in a research report on Wednesday, July 29th. Robert W. Baird set a $300.00 price objective on Boeing in a research note on Wednesday, July 29th. Finally, Weiss Ratings reiterated a "sell (d+)" rating on shares of Boeing in a report on Tuesday, July 21st. One 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 assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $272.58.

Insiders Place Their Bets

In related news, Director Bradley D. Tilden acquired 1,370 shares of the company's stock in a transaction dated Wednesday, May 20th. The shares were purchased at an average price of $218.50 per share, for a total transaction of $299,345.00. Following the completion of the acquisition, the director owned 1,370 shares of the company's stock, valued at approximately $299,345. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.10% of the company's stock.

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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