Nykredit A S Purchases Shares of 188,345 The Boeing Company $BA

Key Points

• Nykredit A/S purchased 188,345 Boeing shares in the second quarter, valued at approximately $40.8 million. Institutional investors and hedge funds collectively own 64.82% of Boeing’s stock.
• Boeing’s recovery remains mixed: potential additional Starliner missions, FAA approval for up to 35 more 777F freighters, and defense opportunities provide support, while 737 MAX wing-production bottlenecks and 787, engine, and certification issues threaten delivery and cash-flow targets.
• Wall Street maintains a generally positive view, with a consensus “Moderate Buy” rating and average price target of $272.45. Boeing reported quarterly revenue of $24.56 billion, up 8% year over year, but missed earnings expectations with a loss of $0.76 per share.

Nykredit A S purchased a new stake in The Boeing Company (NYSE:BA - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 188,345 shares of the aircraft producer's stock, valued at approximately $40,771,000.

Other hedge funds have also added to or reduced their stakes in the company. Newport Trust Company LLC grew its holdings in shares of Boeing by 1.0% in the fourth quarter. Newport Trust Company LLC now owns 29,485,294 shares of the aircraft producer's stock valued at $6,401,847,000 after acquiring an additional 286,848 shares in the last quarter. Geode Capital Management LLC grew its stake in Boeing by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 17,025,435 shares of the aircraft producer's stock valued at $3,679,592,000 after purchasing an additional 533,753 shares during the period. Fisher Asset Management LLC grew its stake in Boeing by 2.5% in the 4th quarter. Fisher Asset Management LLC now owns 5,640,900 shares of the aircraft producer's stock valued at $1,224,752,000 after purchasing an additional 135,860 shares during the period. Jupiter Topco LLC purchased a new stake in shares of Boeing during the 2nd quarter valued at $911,878,000. Finally, Janus Henderson Group PLC increased its position in shares of Boeing by 43.1% during the 4th quarter. Janus Henderson Group PLC now owns 3,907,876 shares of the aircraft producer's stock valued at $840,204,000 after purchasing an additional 1,176,074 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company's stock.

More Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: NASA is reportedly discussing additional missions for Boeing’s Starliner spacecraft. The vehicle’s return to service could improve confidence in Boeing’s space business and help repair reputational damage from earlier mission problems. NASA in talks for Boeing's Starliner to handle new missions
• Positive Sentiment: Bank of America reaffirmed its Buy rating and set a $270 price target, arguing that the recent decline following management’s production comments was an overreaction. The firm sees longer-term recovery potential, although it identified labor negotiations as a near-term risk. Boeing selloff overdone despite CEO's production comments
• Positive Sentiment: The FAA authorized Boeing to sell up to 35 additional 777F freighters after 2028 by waiving applicable emissions rules. The decision provides incremental sales opportunity for the existing freighter program while the 777-8F replacement remains years away. FAA waives emissions rules to let Boeing sell additional 777F freighters
• Positive Sentiment: A new Joint Air-to-Surface Missile framework with Lockheed Martin could expand missile-production opportunities and support defense-sector demand, offering some diversification from Boeing’s commercial-aircraft challenges. Defense ETFs stand to gain as JATM deal is signed
• Neutral Sentiment: Boeing’s large Korean Air commitment strengthens its backlog, but much of the financial benefit is not expected until the 2030s. Investors therefore view it as a long-term demand signal rather than an immediate earnings or cash-flow catalyst. Boeing's Korean Air deal won't help earnings until the 2030s
• Negative Sentiment: CEO Kelly Ortberg said 737 MAX production has not stabilized at the targeted 47 aircraft per month because of wing-production bottlenecks. The slower ramp threatens delivery timing, free-cash-flow improvement and Boeing’s ability to meet its recovery targets. Boeing stock skids as CEO warns of further 737 production delays
• Negative Sentiment: Investors also remain concerned about 787 production headwinds, engine and certification issues, a further delay to 777X certification, and uncertainty surrounding potential China orders. These issues could postpone earnings and cash-flow recovery despite Boeing’s strong backlog.

Wall Street Analyst Weigh In

BA has been the subject of a number of research reports. Robert W. Baird set a $300.00 target price on shares of Boeing in a research report on Wednesday, July 29th. Btg Pactual set a $260.00 price target on shares of Boeing in a report on Tuesday, July 14th. Bank of America reiterated a "buy" rating and issued a $270.00 price objective on shares of Boeing in a research note on Friday. Cantor Fitzgerald lowered Boeing to a "neutral" rating in a report on Tuesday, August 11th. Finally, BNP Paribas Exane raised Boeing from an "underperform" rating to an "outperform" rating and raised their target price for the stock from $230.00 to $300.00 in a research report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $272.45.

Boeing Price Performance

Boeing stock opened at $198.38 on Friday. The Boeing Company has a 52 week low of $176.77 and a 52 week high of $254.35. The business has a 50-day simple moving average of $216.12 and a 200 day simple moving average of $218.27. 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 $156.80 billion, a price-to-earnings ratio of 85.88 and a beta of 1.21.

Boeing (NYSE:BA - Get Free Report) last released its quarterly earnings results 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 company had revenue of $24.56 billion during the quarter, compared to analysts' expectations of $24.26 billion. During the same period in the prior year, the firm earned ($1.24) EPS. Boeing's quarterly revenue was up 8.0% on a year-over-year basis. On average, research analysts forecast that The Boeing Company will post -0.91 earnings per share for the current fiscal year.

Boeing Company Profile

The Boeing Company is a global aerospace company that designs, manufactures and services commercial airplanes, military aircraft, satellites, space systems and other aerospace products. Its principal business areas include commercial airplanes, defense and security, and aftermarket services that support aircraft operations throughout their life cycles.

Boeing's commercial portfolio includes the 737, 767, 777 and 787 families of jetliners, while its defense and space operations provide products and services for the U.S.

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