Bridgewater Advisors Inc. Acquires New Position in The Boeing Company $BA

Key Points

• Bridgewater Advisors acquired 7,353 Boeing shares in the second quarter, worth approximately $1.7 million. Institutional investors collectively own 64.82% of Boeing.
• Boeing recently secured a seven-year Pentagon missile-component production framework, agreed to sell several non-core aviation businesses to Archer for an approximately 20% stake, and saw demand for its 737-8200 aircraft through a lease deal with Akasa Air.
• Analyst sentiment remains mixed but leans positive, with a consensus “Moderate Buy” rating and a $272.58 price target. Boeing shares opened at $231.50, while the company’s latest quarterly loss of $0.76 per share missed estimates despite revenue rising 8% year over year.

Bridgewater Advisors Inc. bought a new position in The Boeing Company (NYSE:BA - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 7,353 shares of the aircraft producer's stock, valued at approximately $1,704,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Revolve Wealth Partners LLC bought a new stake in Boeing in the fourth quarter worth $201,000. Sivia Capital Partners LLC grew its stake in shares of Boeing by 16.5% during the second quarter. Sivia Capital Partners LLC now owns 1,529 shares of the aircraft producer's stock valued at $320,000 after buying an additional 217 shares during the last quarter. AXA S.A. lifted its stake in shares of Boeing by 1,225.7% in the 2nd quarter. AXA S.A. now owns 34,655 shares of the aircraft producer's stock valued at $7,261,000 after acquiring an additional 32,041 shares during the last quarter. Ieq Capital LLC lifted its stake in shares of Boeing by 243.8% in the 2nd quarter. Ieq Capital LLC now owns 33,485 shares of the aircraft producer's stock valued at $7,016,000 after acquiring an additional 23,746 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in Boeing by 4.2% during the 2nd quarter. Alliancebernstein L.P. now owns 1,334,451 shares of the aircraft producer's stock valued at $279,608,000 after acquiring an additional 53,736 shares during the period. Hedge funds and other institutional investors own 64.82% of the company's stock.

Insider Activity at Boeing

In related news, Director Bradley D. Tilden bought 1,370 shares of the business's stock in a transaction dated Wednesday, May 20th. The shares were purchased at an average cost of $218.50 per share, with a total value of $299,345.00. Following the completion of the purchase, the director owned 1,370 shares in the company, valued at approximately $299,345. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.10% of the company's stock.

Key Boeing News

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 Ratings Changes

Several equities analysts recently issued reports on BA shares. The Goldman Sachs Group lowered Boeing from a "buy" rating to a "hold" rating in a research report on Tuesday. Weiss Ratings reissued a "sell (d+)" rating on shares of Boeing in a report on Tuesday, July 21st. Cantor Fitzgerald cut shares of Boeing to a "neutral" rating in a research report on Tuesday. BNP Paribas Exane raised shares of Boeing from an "underperform" rating to an "outperform" rating and upped their price objective for the company from $230.00 to $300.00 in a research note on Monday, August 3rd. Finally, Robert W. Baird set a $300.00 target price on shares of Boeing in a report on Wednesday, July 29th. One equities research 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's stock. According to data from MarketBeat.com, Boeing has a consensus rating of "Moderate Buy" and a consensus price target of $272.58.

Boeing Trading Up 0.5%

NYSE:BA opened at $231.50 on Friday. The Boeing Company has a one year low of $176.77 and a one year high of $254.35. 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 company's 50-day simple moving average is $221.70 and its 200 day simple moving average is $222.97. The firm has a market capitalization of $182.97 billion, a P/E ratio of 100.21 and a beta of 1.21.

Boeing (NYSE:BA - Get Free Report) last announced its quarterly earnings data 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). 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 analysts' expectations of $24.26 billion. During the same quarter last year, the company posted ($1.24) EPS. Boeing's revenue for the quarter was up 8.0% compared to the same quarter last year. As a group, analysts forecast that The Boeing Company will post -0.87 EPS for the current fiscal year.

About Boeing

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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