Osterweis Capital Management Inc. Invests $31.78 Million in The Boeing Company $BA

Key Points

• Osterweis Capital Management acquired 146,792 Boeing shares worth approximately $31.78 million, making Boeing its 23rd-largest holding and 1.5% of its portfolio. 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 analyst expectations. The stock opened at $210.50, below its 50-day and 200-day moving averages.
• Analysts maintain a broadly positive outlook, with a consensus “Moderate Buy” rating and $272.58 price target. Defense-contract wins and cargo demand provide potential support, while 737 MAX production and certification delays, supply-chain constraints and labor negotiations remain key risks.

Osterweis Capital Management Inc. acquired a new position in shares of The Boeing Company (NYSE:BA - Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 146,792 shares of the aircraft producer's stock, valued at approximately $31,776,000. Boeing comprises 1.5% of Osterweis Capital Management Inc.'s investment portfolio, making the stock its 23rd biggest position.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Measured Wealth Private Client Group LLC purchased a new stake in shares of Boeing during the third quarter valued at about $25,000. Strive Financial Group LLC bought a new stake in shares of Boeing in the 4th quarter valued at about $25,000. CrossGen Wealth LLC purchased a new position in shares of Boeing in the 4th quarter worth approximately $26,000. Ares Financial Consulting LLC purchased a new position in Boeing during the 4th quarter worth $26,000. Finally, 1 North Wealth Services LLC acquired a new position in Boeing during the 4th quarter valued at about $27,000. Hedge funds and other institutional investors own 64.82% of the company's stock.

Boeing Stock Performance

Shares of BA opened at $210.50 on Tuesday. The stock has a 50-day moving average of $221.74 and a two-hundred day moving average of $222.02. 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 quick ratio of 0.33 and a current ratio of 1.14. The stock has a market cap of $166.37 billion, a P/E ratio of 91.13 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). The firm had revenue of $24.56 billion for the quarter, compared to analysts' expectations of $24.26 billion. Boeing had a net margin of 2.41% and a negative return on equity of 346.82%. The firm's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($1.24) EPS. As a group, research analysts predict that The Boeing Company will post -0.87 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on BA shares. Barclays cut Boeing from an "equal weight" rating to an "underweight" rating in a research note on Tuesday, August 11th. Tigress Financial upped their price objective on shares of Boeing from $295.00 to $305.00 and gave the company a "buy" rating in a report on Thursday, August 6th. UBS Group started coverage on shares of Boeing in a research report on Tuesday, August 11th. They issued a "buy" rating for the company. BNP Paribas Exane upgraded shares of Boeing from an "underperform" rating to an "outperform" rating and lifted their target price for the stock from $230.00 to $300.00 in a research note on Monday, August 3rd. Finally, Royal Bank Of Canada dropped their target price on shares of Boeing from $275.00 to $265.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Boeing has an average rating of "Moderate Buy" and a consensus target price of $272.58.

Key Stories Impacting Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing received a U.S. Department of War indefinite-delivery/indefinite-quantity contract with a ceiling value of $131.23 billion to support the F-15 Eagle Crest program. Although the ceiling is not guaranteed revenue, the award strengthens Boeing’s long-term defense backlog and could provide significant future cash flow. Boeing awarded contract for F-15 program
• Positive Sentiment: Strong maritime-defense demand is supporting Boeing’s P-8 Poseidon business, including a new $156.2 million contract. The award adds evidence that Boeing’s defense segment can supplement its commercial-aircraft recovery. P-8 Poseidon defense growth
• Positive Sentiment: National Airlines accepted its fourth Boeing 777-200 Freighter, highlighting ongoing cargo-aircraft demand and supporting Boeing’s production and delivery activity. National Airlines receives Boeing 777 freighter
• Neutral Sentiment: Analysts continue to focus on Boeing’s ability to increase 737 MAX production against its substantial backlog. Higher output could improve revenue and benefit suppliers, but execution, regulatory oversight and supply-chain constraints remain important risks. Boeing production and suppliers
• Negative Sentiment: Members of the Society of Professional Engineering Employees in Aerospace reportedly rejected Boeing’s proposed agreement by a wide margin. The labor setback raises the risk of extended negotiations, higher costs or disruption to engineering and production programs. SPEEA rejects Boeing proposal
• Negative Sentiment: United Airlines is reconsidering how to use premium seats ordered for delayed 737 MAX 10 aircraft, underscoring the model’s prolonged certification and delivery delays. Continued uncertainty could weigh on Boeing’s delivery targets and customer relationships. United Airlines and 737 MAX 10 delays

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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