Czech National Bank Acquires 10,495 Shares of The Boeing Company $BA

Key Points

• Czech National Bank increased its Boeing holdings by 4.9% in the second quarter, purchasing 10,495 additional shares and bringing its position to 224,381 shares valued at approximately $48.6 million. Institutional investors collectively own 64.82% of Boeing.
• Boeing reported quarterly revenue of $24.56 billion, up 8% year over year, but its $0.76 loss per share missed analysts’ expectations of a $0.34 loss. The company continues to face significant leverage and negative return on equity.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $273 price target versus a recent share price of $232.23. Recent target increases and FAA approval of the 737 MAX 7 support optimism about Boeing’s recovery, though execution and profitability remain key risks.

Czech National Bank grew its holdings in shares of The Boeing Company (NYSE:BA - Free Report) by 4.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 224,381 shares of the aircraft producer's stock after acquiring an additional 10,495 shares during the period. Czech National Bank's holdings in Boeing were worth $48,572,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Apella Capital LLC increased its holdings in Boeing by 2.0% in the 2nd quarter. Apella Capital LLC now owns 13,895 shares of the aircraft producer's stock worth $3,219,000 after acquiring an additional 266 shares in the last quarter. 55 North Private Wealth LLC purchased a new position in Boeing during the second quarter valued at approximately $275,000. Clark Asset Management LLC bought a new position in shares of Boeing in the second quarter worth approximately $367,000. Emprise Bank increased its stake in shares of Boeing by 6.4% in the second quarter. Emprise Bank now owns 2,931 shares of the aircraft producer's stock worth $634,000 after purchasing an additional 177 shares in the last quarter. Finally, Evanson Financial LLC purchased a new stake in shares of Boeing in the second quarter worth $517,000. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Boeing Price Performance

Shares of BA stock opened at $232.23 on Friday. The company's 50-day simple moving average is $220.16 and its two-hundred day simple moving average is $223.53. The company has a market capitalization of $183.55 billion, a P/E ratio of 100.53 and a beta of 1.21. 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.

Boeing (NYSE:BA - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The aircraft producer reported ($0.76) 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 the consensus estimate of $24.26 billion. Boeing had a negative return on equity of 346.82% and a net margin of 2.41%.The business's quarterly revenue was up 8.0% on a year-over-year basis. During the same period last year, the firm earned ($1.24) EPS. As a group, equities analysts anticipate that The Boeing Company will post -0.88 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on BA. Robert W. Baird set a $300.00 target price on shares of Boeing in a report on Wednesday, July 29th. Wolfe Research restated an "outperform" rating and issued a $275.00 price objective on shares of Boeing in a research report on Thursday, April 23rd. Btg Pactual set a $260.00 price objective on Boeing in a research note on Tuesday, July 14th. Tigress Financial increased their target price on Boeing from $295.00 to $305.00 and gave the stock a "buy" rating in a research report on Thursday. Finally, Morgan Stanley lifted their target price on Boeing from $245.00 to $250.00 and gave the company an "equal weight" rating in a research note on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Boeing has an average rating of "Moderate Buy" and a consensus price target of $273.00.

Insider Buying and Selling

In other news, Director Bradley D. Tilden bought 1,370 shares of the stock in a transaction on Wednesday, May 20th. The stock was bought at an average cost of $218.50 per share, for a total transaction of $299,345.00. Following the completion of the purchase, the director directly owned 1,370 shares in the company, valued at approximately $299,345. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.10% of the stock is owned by insiders.

More Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: The Federal Aviation Administration approved the 737 MAX 7 for commercial service on August 3, removing a major certification bottleneck that had delayed the aircraft for years. The approval supports Boeing’s future delivery pipeline and could improve operating momentum as the company prepares for the aircraft’s rollout. Boeing Shows Operational Acceleration Ahead of Max 7 Rollout
• Positive Sentiment: Tigress Financial raised its Boeing price target from $295 to $305 and maintained a “buy” rating, reflecting optimism about the company’s recovery, deliveries, and cash-flow improvement. Boeing Price Target Increase
• Positive Sentiment: Boeing and Northrop Grumman tested an AI-enabled communications link between the MQ-4C Triton drone and P-8 Poseidon, highlighting potential support for Boeing’s defense and autonomous-systems business. Northrop and Boeing Test AI-Enabled Link
• Neutral Sentiment: Boeing-Lockheed Martin joint venture United Launch Alliance reportedly plans a roughly $500 million private bond sale to refinance debt. The financing could support ULA’s operations, but it also underscores leverage and does not directly change Boeing’s near-term results. ULA Plans Private Bond Sale
• Negative Sentiment: Progress toward a new agreement with the Society of Professional Engineering Employees in Aerospace has not provided a meaningful boost to BA, suggesting investors remain focused on execution, labor costs, and Boeing’s ability to convert certification progress into profitable deliveries. SPEEA Agreement and Boeing 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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