The Boeing Company $BA Holdings Boosted by Sound Income Strategies LLC

Key Points

• Sound Income Strategies LLC dramatically increased its Boeing stake by 24,347.8% to 1.28 million shares, making Boeing its second-largest holding at roughly $239.1 million. Institutional investors collectively own 64.82% of Boeing.
• Boeing shares traded at $190.47, below their 50-day and 200-day moving averages. The company’s latest quarterly results missed EPS expectations, while high leverage, debt repayments and production delays remain significant concerns.
• Despite operational and financial challenges, Boeing has a roughly $715 billion backlog, including $597 billion in commercial aircraft, and continues to receive new orders. Analysts maintain a “Moderate Buy” consensus with an average price target of $269.96.

Sound Income Strategies LLC lifted its holdings in The Boeing Company (NYSE:BA - Free Report) by 24,347.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,284,975 shares of the aircraft producer's stock after acquiring an additional 1,279,719 shares during the period. Boeing accounts for about 5.5% of Sound Income Strategies LLC's portfolio, making the stock its 2nd biggest holding. Sound Income Strategies LLC owned approximately 0.16% of Boeing worth $239,070,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Jupiter Topco LLC bought a new stake in Boeing during the 2nd quarter valued at approximately $911,878,000. Janus Henderson Group PLC boosted its stake in Boeing by 43.1% in the 4th quarter. Janus Henderson Group PLC now owns 3,907,876 shares of the aircraft producer's stock worth $840,204,000 after purchasing an additional 1,176,074 shares during the period. Bank of New York Mellon Corp bought a new position in Boeing in the 2nd quarter worth approximately $747,763,000. Legal & General Group Plc purchased a new stake in Boeing during the 2nd quarter valued at approximately $710,816,000. Finally, Deutsche Bank AG purchased a new stake in Boeing during the 2nd quarter valued at approximately $539,456,000. Hedge funds and other institutional investors own 64.82% of the company's stock.

Boeing Price Performance

BA traded up $2.72 during trading hours on Friday, hitting $190.47. The company's stock had a trading volume of 5,085,304 shares, compared to its average volume of 6,857,321. The stock has a market cap of $150.54 billion, a price-to-earnings ratio of 82.45 and a beta of 1.26. The business's 50-day moving average price is $209.70 and its 200-day moving average price is $215.86. 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 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 released its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $24.26 billion. During the same quarter last year, the business earned ($1.24) EPS. Boeing's revenue for the quarter was up 8.0% compared to the same quarter last year. Sell-side analysts expect that The Boeing Company will post -0.91 earnings per share for the current fiscal year.

More Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Aircraft lessor Avolon placed a firm order for 140 Boeing 737 MAX jets as part of a broader 250-aircraft transaction split with Airbus. The order reinforces demand for Boeing’s highest-volume commercial program. Boeing Lands Order for 140 737 MAX Jets
• Positive Sentiment: Boeing reported a total backlog of approximately $715 billion at the end of the second quarter, including $597 billion in commercial airplanes. The backlog provides long-term revenue visibility if the company can improve delivery rates and production execution. Boeing’s Strategic Push to Balance Rising Demand with Operational Bottlenecks
• Positive Sentiment: Southwest Airlines is reportedly leaning toward Boeing’s 787 Dreamliner for a potential long-haul international expansion, which could create a meaningful future widebody order. Southwest Airlines Weighs Boeing 787
• Positive Sentiment: Boeing’s defense business could benefit from rising demand for infrared search-and-track systems, while its approximately $14.7 billion PAC-3 seeker contract with Lockheed Martin adds longer-term defense visibility. Rising IRST Demand and Boeing’s Defense Outlook
• Positive Sentiment: Barclays included Boeing among its aerospace and defense stock picks tied to a “modern-day industrial revolution,” supporting the bullish long-term investment case. Boeing and More Buys for the Modern-Day Industrial Revolution
• Neutral Sentiment: TD Cowen lowered its Boeing price target from $250 to $240 but maintained a Buy rating, indicating reduced near-term confidence while still seeing substantial upside potential. TD Cowen Cuts Aerospace Targets
• Negative Sentiment: Investors remain concerned about Boeing’s approaching debt repayments, high leverage, production delays and weak returns on invested capital. The company’s large backlog will not translate into cash flow quickly unless deliveries accelerate. Boeing Faces a Debt Wall

Wall Street Analysts Forecast Growth

Several research firms have recently commented on BA. Sanford C. Bernstein reissued an "outperform" rating on shares of Boeing in a report on Wednesday, September 30th. The Goldman Sachs Group cut shares of Boeing from a "buy" rating to a "hold" rating in a research note on Tuesday, August 11th. DZ Bank reiterated a "buy" rating on shares of Boeing in a report on Thursday, August 6th. Robert W. Baird set a $300.00 price target on shares of Boeing and gave the stock an "outperform" rating in a research note on Wednesday, July 29th. Finally, JPMorgan Chase & Co. reissued a "buy" rating on shares of Boeing in a report on Sunday, September 27th. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $269.96.

About Boeing

The Boeing Company NYSE: BA is a global aerospace company that designs, manufactures and supports commercial airplanes, military aircraft, spacecraft and related systems. Its commercial portfolio includes the 737, 787 Dreamliner and 777 families, as well as the 777X program. Boeing sells aircraft to airlines, cargo operators and leasing companies around the world.

Through its defense and space operations, Boeing provides products and services for the U.S. government, allied governments and other institutional customers.

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