NBT Bank N.A. Acquires New Shares in The Boeing Company $BA

Key Points

• NBT Bank acquired 11,860 Boeing shares during the third quarter, valued at approximately $2.21 million. Institutional investors collectively own 64.82% of Boeing’s stock.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and an average price target of $266.96, although several firms recently lowered their targets and Zacks downgraded the stock to “Strong Sell.”
• Boeing’s stock opened at $187.46, while the company continues to face execution and financial challenges, including supply-chain delays, high leverage and a recent quarterly EPS miss despite 8% year-over-year revenue growth.

NBT Bank N.A. acquired a new stake in shares of The Boeing Company (NYSE:BA - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 11,860 shares of the aircraft producer's stock, valued at approximately $2,207,000.

Several other hedge funds have also recently modified their holdings of BA. Highland Investment Advisors LLC bought a new stake in Boeing in the 2nd quarter valued at $26,000. Strategic Wealth Advisors LLC purchased a new stake in Boeing in the 2nd quarter worth $27,000. Bell Investment Advisors Inc purchased a new stake in Boeing in the 2nd quarter worth $29,000. Security National Bank of SO Dak bought a new position in shares of Boeing during the 2nd quarter valued at about $30,000. Finally, Retirement Wealth Solutions LLC boosted its holdings in shares of Boeing by 3,575.0% during the 3rd quarter. Retirement Wealth Solutions LLC now owns 147 shares of the aircraft producer's stock valued at $27,000 after purchasing an additional 143 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on BA. Morgan Stanley cut their price objective on Boeing from $250.00 to $225.00 and set an "equal weight" rating for the company in a research report on Friday, October 16th. Zacks Research cut Boeing from a "hold" rating to a "strong sell" rating in a report on Friday, October 16th. Deutsche Bank Aktiengesellschaft boosted their target price on Boeing from $244.00 to $248.00 and gave the stock a "hold" rating in a research report on Wednesday, July 29th. Royal Bank Of Canada dropped their price target on Boeing from $265.00 to $235.00 and set an "outperform" rating for the company in a research note on Thursday, October 15th. Finally, TD Cowen dropped their price target on Boeing from $250.00 to $240.00 and set a "buy" rating for the company in a research note on Friday, October 9th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $266.96.

Boeing Price Performance

Boeing stock opened at $187.46 on Friday. The Boeing Company has a 52-week low of $176.77 and a 52-week 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 firm's fifty day moving average is $201.61 and its 200 day moving average is $215.33. The company has a market cap of $148.17 billion, a price-to-earnings ratio of 81.15 and a beta of 1.26.

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). 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 period in the previous year, the business earned ($1.24) earnings per share. The business's quarterly revenue was up 8.0% on a year-over-year basis. Sell-side analysts forecast that The Boeing Company will post -1.08 EPS for the current fiscal year.

Boeing News Roundup

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: The FAA granted final certification to the 737 MAX 10, clearing the way for deliveries of an aircraft with approximately 1,555 orders. The approval could help Boeing compete more effectively with Airbus’ A321neo and ease a key delivery bottleneck. Boeing 737 MAX 10 certification
• Positive Sentiment: Analysts said MAX 10 approval could support more stable production and deliveries as aircraft demand builds in 2027 and 2028, potentially improving Boeing’s cash flow and turnaround prospects. Boeing wins FAA certification
• Neutral Sentiment: Boeing is scheduled to report third-quarter results before the market opens on October 27. Analysts are focused on aircraft deliveries, services demand, production rates and other operating metrics, with some forecasts calling for double-digit earnings growth. Boeing earnings preview
• Negative Sentiment: Investors still face execution concerns ahead of earnings, including supply-chain delays, the need to ramp 737 MAX production and Boeing’s negative return on invested capital. These issues could limit the benefit of the MAX 10 certification if deliveries and profitability do not improve. Boeing stock before earnings
• Negative Sentiment: The certification news has not translated into sustained buying, likely because approval was widely expected. With Boeing trading at a high earnings multiple and carrying substantial leverage, investors may be demanding clearer evidence of improving cash generation before bidding the shares higher. Boeing receives FAA approval

About Boeing

The Boeing Company NYSE: BA is a global aerospace company that designs, manufactures and supports commercial airplanes, military aircraft, satellites, space systems and related products and services. Its offerings serve airlines, government agencies, defense organizations and other customers worldwide.

Boeing operates through three principal business areas: Commercial Airplanes, which develops and produces passenger and cargo aircraft; Defense, Space & Security, which provides military aircraft, weapons systems, satellites and space-related platforms; and Global Services, which offers parts, maintenance, training, engineering and other lifecycle support.

Founded in 1916 by William Boeing, the company has grown into one of the world's major aerospace manufacturers.

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