Primecap Management Co. CA Makes New Investment in The Boeing Company $BA

Primecap Management Co. CA acquired a new stake in shares of The Boeing Company (NYSE:BA - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,039,910 shares of the aircraft producer's stock, valued at approximately $225,109,000. Primecap Management Co. CA owned approximately 0.13% of Boeing as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Newport Trust Company LLC grew its position in Boeing by 1.0% in the fourth quarter. Newport Trust Company LLC now owns 29,485,294 shares of the aircraft producer's stock worth $6,401,847,000 after acquiring an additional 286,848 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Boeing by 3.2% during 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 in the last quarter. Fisher Asset Management LLC lifted its stake in shares of 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 last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Boeing by 3.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,370,415 shares of the aircraft producer's stock worth $948,905,000 after purchasing an additional 138,469 shares in the last quarter. Finally, Viking Global Investors LP boosted its holdings in Boeing by 31.3% in the fourth quarter. Viking Global Investors LP now owns 3,953,087 shares of the aircraft producer's stock worth $858,294,000 after purchasing an additional 942,536 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company's stock.

Boeing News Roundup

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Major F-15 defense award: The U.S. Air Force awarded Boeing an indefinite-delivery/indefinite-quantity contract with a ceiling of approximately $131.2 billion for the F-15 Eagle Crest program. The agreement covers aircraft production, upgrades, maintenance and sustainment through August 2037, potentially strengthening Boeing’s defense revenue visibility and helping its struggling defense division. The full contract value is a ceiling rather than guaranteed revenue, so the actual financial benefit will depend on future orders. Reuters F-15 contract article
• Positive Sentiment: Turnaround and portfolio focus: Boeing sold three businesses in one week, including a transaction involving Archer Aviation. The divestitures could simplify the company, improve capital allocation and allow management to focus on commercial aircraft and core defense operations. The Archer arrangement adds strategic value, although analysts indicate it is unlikely to materially affect near-term earnings. Boeing business sales and Archer article
• Neutral Sentiment: Additional defense and commercial activity: Boeing continues to receive support from demand for its P-8 Poseidon program and delivered another 777 freighter to National Airlines. These developments reinforce aircraft demand and backlog potential but are relatively small compared with the F-15 award and are unlikely to change near-term valuation on their own. P-8 Poseidon demand article
• Negative Sentiment: Labor uncertainty: The Society of Professional Engineering Employees in Aerospace rejected Boeing’s proposed agreement by a wide margin. A difficult contract renegotiation could increase labor costs, disrupt engineering work or delay Boeing’s operational recovery. SPEEA vote article

Boeing Stock Performance

BA opened at $211.09 on Wednesday. The stock's 50 day simple moving average is $221.41 and its 200-day simple moving average is $221.85. The company has a current ratio of 1.14, a quick ratio of 0.33 and a debt-to-equity ratio of 6.77. The stock has a market cap of $166.84 billion, a PE ratio of 91.38 and a beta of 1.21. The Boeing Company has a 1 year low of $176.77 and a 1 year high of $254.35.

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 analysts' consensus estimates of ($0.34) by ($0.42). Boeing had a net margin of 2.41% and a negative return on equity of 346.82%. The company had revenue of $24.56 billion for the quarter, compared to analyst estimates of $24.26 billion. During the same period in the previous year, the firm posted ($1.24) earnings per share. The firm's revenue for the quarter was up 8.0% compared to the same quarter last year. Sell-side analysts forecast that The Boeing Company will post -0.87 EPS for the current year.

Analyst Ratings Changes

BA has been the subject of a number of analyst reports. Wolfe Research cut Boeing from an "outperform" rating to a "hold" rating in a research report on Tuesday, August 11th. Weiss Ratings restated a "sell (d+)" rating on shares of Boeing in a report on Tuesday, July 21st. Btg Pactual set a $260.00 target price on Boeing in a research report on Tuesday, July 14th. Tigress Financial increased their price target on Boeing from $295.00 to $305.00 and gave the company a "buy" rating in a report on Thursday, August 6th. Finally, Robert W. Baird set a $300.00 price target on shares of Boeing in a research report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $272.58.

About Boeing

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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