SCS Capital Management LLC Invests $8.32 Million in The Boeing Company $BA

Key Points

• SCS Capital Management acquired 38,423 Boeing shares worth approximately $8.32 million in the second quarter, while institutional investors collectively own 64.82% of BA.
• Boeing received several potentially supportive business developments, including a seven-year Pentagon missile-component framework, the sale of Wisk Aero and other units to Archer for an approximately 20% Archer stake, and demand for up to seven 737-8200 aircraft from Akasa Air.
• Analyst sentiment remains mixed: Boeing carries a “Moderate Buy” consensus with an average price target of $272.58, despite recent downgrades from Goldman Sachs, Barclays and Wolfe Research. The company also missed quarterly EPS expectations, reporting a loss of $0.76 per share, although revenue rose 8% year over year to $24.56 billion.

SCS Capital Management LLC acquired a new position in shares of The Boeing Company (NYSE:BA - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 38,423 shares of the aircraft producer's stock, valued at approximately $8,317,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Measured Wealth Private Client Group LLC purchased a new position in shares of Boeing during the third quarter worth $25,000. Strive Financial Group LLC purchased a new stake in shares of Boeing in the 4th quarter valued at $25,000. Ares Financial Consulting LLC purchased a new stake in shares of Boeing in the 4th quarter valued at $26,000. CrossGen Wealth LLC acquired a new position in Boeing during the 4th quarter worth about $26,000. Finally, Strategic Wealth Advisors LLC acquired a new position in Boeing during the 4th quarter worth about $27,000. 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: 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

Analyst Ratings Changes

Several equities analysts have weighed in on the company. William Blair reaffirmed an "outperform" rating on shares of Boeing in a research report on Tuesday, July 28th. The Goldman Sachs Group cut shares of Boeing from a "buy" rating to a "hold" rating in a research report on Tuesday, August 11th. Barclays lowered shares of Boeing from an "equal weight" rating to an "underweight" rating in a research note on Tuesday, August 11th. Wolfe Research cut shares of Boeing from an "outperform" rating to a "hold" rating in a report on Tuesday, August 11th. Finally, UBS Group initiated coverage on shares of Boeing in a research note on Tuesday, August 11th. They set a "buy" rating on the stock. 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $272.58.

Insider Activity

In other Boeing news, Director Bradley D. Tilden acquired 1,370 shares of the stock in a transaction dated Wednesday, May 20th. The stock was acquired at an average cost of $218.50 per share, with a total value of $299,345.00. Following the transaction, the director owned 1,370 shares in the company, valued at $299,345. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.10% of the company's stock.

Boeing Price Performance

Boeing stock opened at $231.50 on Monday. 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 company has a fifty day simple moving average of $221.70 and a 200-day simple moving average of $222.79. The stock has a market cap of $182.97 billion, a P/E ratio of 100.21 and a beta of 1.21. The Boeing Company has a 12-month low of $176.77 and a 12-month high of $254.35.

Boeing (NYSE:BA - Get Free Report) last posted its earnings results on Tuesday, July 28th. The aircraft producer reported ($0.76) EPS for the quarter, missing the consensus estimate of ($0.34) by ($0.42). Boeing had a net margin of 2.41% and a negative return on equity of 346.82%. The business had revenue of $24.56 billion during the quarter, compared to analysts' expectations of $24.26 billion. During the same period last year, the company earned ($1.24) EPS. The business's quarterly revenue was up 8.0% compared to the same quarter last year. Equities analysts expect that The Boeing Company will post -0.87 EPS for the current fiscal year.

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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