Focus Partners Advisor Solutions LLC Buys Shares of 22,528 The Boeing Company $BA

Focus Partners Advisor Solutions LLC purchased a new position in The Boeing Company (NYSE:BA - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 22,528 shares of the aircraft producer's stock, valued at approximately $4,877,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. S&CO Inc. bought a new stake in shares of Boeing during the 2nd quarter valued at $387,000. Sutton Place Investors LLC bought a new position in Boeing in the 2nd quarter worth $300,000. Langley Wealth Management LLC purchased a new position in Boeing during the second quarter valued at $109,000. Pacific Sage Partners LLC purchased a new position in Boeing during the second quarter valued at $1,863,000. Finally, Family Legacy Inc. bought a new stake in Boeing during the second quarter valued at about $2,949,000. Hedge funds and other institutional investors own 64.82% of the company's stock.

Analysts Set New Price Targets

BA has been the subject of a number of analyst reports. Morgan Stanley upped their price target on Boeing from $245.00 to $250.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 23rd. Wolfe Research lowered shares of Boeing from an "outperform" rating to a "hold" rating in a research report on Tuesday. The Goldman Sachs Group cut shares of Boeing from a "buy" rating to a "hold" rating in a research note on Tuesday. Robert W. Baird set a $300.00 price objective on shares of Boeing in a research report on Wednesday, July 29th. Finally, Sanford C. Bernstein began coverage on shares of Boeing in a research note on Tuesday. They set an "outperform" rating on the stock. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $272.58.

Insider Activity at Boeing

In related news, Director Bradley D. Tilden bought 1,370 shares of the company's stock in a transaction that occurred on Wednesday, May 20th. The stock was purchased at an average price of $218.50 per share, for a total transaction of $299,345.00. Following the completion of the transaction, the director owned 1,370 shares in the company, valued at $299,345. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.10% of the company's stock.

Boeing Stock Up 0.5%

NYSE BA opened at $231.50 on Friday. The stock's 50 day moving average is $221.70 and its 200 day moving average is $222.97. The company has a current ratio of 1.14, a quick ratio of 0.33 and a debt-to-equity ratio of 6.77. The Boeing Company has a 12 month low of $176.77 and a 12 month high of $254.35. The stock has a market cap of $182.97 billion, a PE ratio of 100.21 and a beta of 1.21.

Boeing (NYSE:BA - Get Free Report) last posted its quarterly 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 during the quarter, compared to the consensus estimate of $24.26 billion. During the same quarter in the previous year, the company earned ($1.24) earnings per share. The company's revenue for the quarter was up 8.0% compared to the same quarter last year. Research analysts predict that The Boeing Company will post -0.87 EPS for the current fiscal year.

Key Headlines Impacting 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

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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