Pacific Sage Partners LLC Invests $1.86 Million in The Boeing Company $BA

Key Points

• Pacific Sage Partners purchased 8,607 Boeing shares worth approximately $1.86 million in the second quarter, while institutional investors collectively own 64.82% of the company.
• Boeing received positive business developments, including a seven-year Pentagon missile-component production framework, demand for up to seven 737-8200 aircraft from Akasa Air, and the sale of several non-core subsidiaries to Archer Aviation for an approximately 20% stake.
• Boeing’s latest quarterly loss of $0.76 per share missed estimates, despite revenue rising 8% year over year to $24.56 billion. Analysts maintain a “Moderate Buy” consensus with an average price target of $272.58, versus a recent share price of $231.50.

Pacific Sage Partners LLC purchased a new stake in shares of The Boeing Company (NYSE:BA - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 8,607 shares of the aircraft producer's stock, valued at approximately $1,863,000.

A number of other hedge funds have also recently modified their holdings of the company. Measured Wealth Private Client Group LLC acquired a new position in Boeing in the 3rd quarter valued at about $25,000. Strive Financial Group LLC acquired a new stake in shares of Boeing during the 4th quarter worth approximately $25,000. Ares Financial Consulting LLC acquired a new stake in shares of Boeing during the 4th quarter worth approximately $26,000. CrossGen Wealth LLC purchased a new stake in shares of Boeing during the 4th quarter valued at approximately $26,000. Finally, Strategic Wealth Advisors LLC purchased a new stake in shares of Boeing during the 4th quarter valued at approximately $27,000. Hedge funds and other institutional investors own 64.82% of the company's stock.

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

Insider Buying and Selling

In other news, Director Bradley D. Tilden purchased 1,370 shares of the firm's stock in a transaction on Wednesday, May 20th. The shares were bought at an average cost of $218.50 per share, for a total transaction of $299,345.00. Following the completion of the purchase, the director directly owned 1,370 shares of the company's stock, valued at approximately $299,345. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.10% of the stock is owned by company insiders.

Boeing Price Performance

Boeing stock opened at $231.50 on Friday. The company's 50 day simple moving average is $221.70 and its 200-day simple moving average is $222.97. 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 Boeing Company has a 1 year low of $176.77 and a 1 year high of $254.35. The company has a market capitalization of $182.97 billion, a price-to-earnings ratio of 100.21 and a beta of 1.21.

Boeing (NYSE:BA - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The aircraft producer reported ($0.76) earnings per share 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 for the quarter, compared to analysts' expectations of $24.26 billion. During the same period in the previous year, the business posted ($1.24) EPS. The business's revenue for the quarter was up 8.0% on a year-over-year basis. As a group, equities research analysts expect that The Boeing Company will post -0.87 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on BA. William Blair reiterated an "outperform" rating on shares of Boeing in a research report on Tuesday, July 28th. Argus upgraded Boeing from a "hold" rating to a "buy" rating and set a $265.00 target price on the stock in a research report on Tuesday, August 11th. Weiss Ratings restated a "sell (d+)" rating on shares of Boeing in a research report on Tuesday, July 21st. Morgan Stanley upped their price target on Boeing from $245.00 to $250.00 and gave the company an "equal weight" rating in a research note on Thursday, April 23rd. Finally, Tigress Financial increased their price target on Boeing from $295.00 to $305.00 and gave the stock a "buy" rating in a report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Boeing has an average rating of "Moderate Buy" and a consensus target price of $272.58.

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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