Moore Capital Management LP Sells 34,115 Shares of The Boeing Company $BA

Key Points

• Moore Capital Management sharply reduced its Boeing stake by selling 34,115 shares, an 83.7% decrease, leaving the firm with 6,626 shares valued at approximately $1.43 million.
• Institutional investors own 64.82% of Boeing, while analyst sentiment remains a “Moderate Buy” with an average price target of $272.58, despite Barclays downgrading the stock to “underweight.”
• Boeing’s improving 737 production and expanded credit capacity offer support, but potential engineer strike action, delivery delays and quality-control risks remain significant overhangs.

Moore Capital Management LP reduced its holdings in The Boeing Company (NYSE:BA - Free Report) by 83.7% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 6,626 shares of the aircraft producer's stock after selling 34,115 shares during the quarter. Moore Capital Management LP's holdings in Boeing were worth $1,434,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of BA. XML Financial LLC lifted its holdings in Boeing by 0.5% during the 4th quarter. XML Financial LLC now owns 8,905 shares of the aircraft producer's stock worth $1,933,000 after buying an additional 43 shares during the period. Strait & Sound Wealth Management LLC raised its position in shares of Boeing by 1.1% during the fourth quarter. Strait & Sound Wealth Management LLC now owns 3,915 shares of the aircraft producer's stock worth $850,000 after acquiring an additional 44 shares during the last quarter. B.O.S.S. Retirement Advisors LLC lifted its stake in shares of Boeing by 1.4% in the first quarter. B.O.S.S. Retirement Advisors LLC now owns 3,175 shares of the aircraft producer's stock worth $632,000 after acquiring an additional 44 shares during the period. PKS Advisory Services LLC boosted its holdings in Boeing by 2.5% in the fourth quarter. PKS Advisory Services LLC now owns 1,839 shares of the aircraft producer's stock valued at $399,000 after acquiring an additional 45 shares during the last quarter. Finally, Horizon Bancorp Inc. IN raised its holdings in Boeing by 3.1% during the 1st quarter. Horizon Bancorp Inc. IN now owns 1,493 shares of the aircraft producer's stock worth $297,000 after purchasing an additional 45 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on BA. William Blair reiterated an "outperform" rating on shares of Boeing in a research report on Tuesday, July 28th. UBS Group started coverage on Boeing in a report on Tuesday, August 11th. They set a "buy" rating for the company. Sanford C. Bernstein started coverage on Boeing in a research report on Tuesday, August 11th. They issued an "outperform" rating for the company. Tigress Financial upped their target price on Boeing from $295.00 to $305.00 and gave the company a "buy" rating in a research report on Thursday, August 6th. Finally, Barclays cut Boeing from an "equal weight" rating to an "underweight" rating in a research note on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Boeing has an average rating of "Moderate Buy" and an average target price of $272.58.

Boeing Price Performance

Shares of BA opened at $207.93 on Tuesday. The business's fifty day moving average is $220.34 and its 200 day moving average is $220.95. The Boeing Company has a 12-month low of $176.77 and a 12-month high of $254.35. 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 stock has a market cap of $164.34 billion, a P/E ratio of 90.01 and a beta of 1.21.

Boeing (NYSE:BA - Get Free Report) last released its quarterly earnings data 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 analyst estimates of $24.26 billion. During the same quarter in the previous year, the company posted ($1.24) EPS. The business's quarterly revenue was up 8.0% on a year-over-year basis. Sell-side analysts anticipate that The Boeing Company will post -0.87 earnings per share for the current fiscal year.

More Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Contract negotiations will resume: Boeing and the union representing approximately 17,000 engineers and technical workers agreed to restart negotiations on September 8. Resuming talks could reduce the immediate risk of a work stoppage if the parties reach an agreement. Boeing, engineers union agree to resume contract talks on Sept 8, union says
• Positive Sentiment: 737 production is accelerating: Reports indicate Boeing’s 737 production line is operating at its fastest pace in years. Higher output could support aircraft deliveries, revenue, cash generation and backlog reduction, although investors remain focused on whether Boeing can sustain the pace while maintaining quality. Boeing Is Building 737s Faster Than It Has in Years. But Its Engineers Just Authorized an October Strike.
• Neutral Sentiment: Additional credit capacity improves financial flexibility: Boeing reportedly secured a new $3 billion facility and expanded total credit lines to about $10 billion. The liquidity provides a buffer against production or labor disruptions, but also underscores the company’s need to preserve cash and manage its heavy debt burden. Boeing secures $10B in total credit lines
• Neutral Sentiment: Finance leadership transition: Boeing appointed Ryan L. Shedd as senior vice president and controller, succeeding retiring executive Michael J. Cleary. The planned transition is not expected to materially alter near-term earnings, but financial reporting oversight remains important during Boeing’s recovery. Boeing names Ryan L. Shedd senior vice president and controller
• Negative Sentiment: Strike risk remains the main overhang: Engineers rejected Boeing’s four-year contract proposals by wide margins and authorized a potential strike. Existing contracts expire October 6, creating a risk that a walkout could interrupt engineering, production and certification work just as 737 output is improving. Boeing engineers authorize potential October strike
• Negative Sentiment: Delivery concerns temper the production news: Commentary warns that a faster build rate does not automatically translate into deliveries or cash flow if aircraft remain held for inspections, rework or customer acceptance. This keeps execution and quality-control risks central to the BA investment case. Boeing: Don’t Let the Delivery Drop Fool You

Boeing Company 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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