The Boeing Company $BA Holdings Cut by Cadinha & Co. LLC

Key Points

• Cadinha & Co. cut its Boeing stake by 83% in the third quarter, selling 37,145 shares and retaining 7,615 shares valued at approximately $1.4 million. Institutional investors collectively own 64.82% of Boeing.
• Boeing shares opened at $187.46, down 2.5%, and remain well below their 12-month high of $254.35. The company reported a quarterly loss of $0.76 per share, missing estimates, despite revenue rising 8% year over year to $24.56 billion.
• The FAA’s certification of Boeing’s 737 MAX 10 could support future deliveries and cash-flow recovery, but investors remain focused on execution risks, including supply-chain delays, production increases, high leverage and upcoming quarterly results.

Cadinha & Co. LLC trimmed its stake in The Boeing Company (NYSE:BA - Free Report) by 83.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,615 shares of the aircraft producer's stock after selling 37,145 shares during the quarter. Cadinha & Co. LLC's holdings in Boeing were worth $1,417,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of BA. Jupiter Topco LLC bought a new stake in Boeing during the 2nd quarter valued at about $911,878,000. Bank of New York Mellon Corp bought a new position in Boeing in the 2nd quarter valued at approximately $747,763,000. Legal & General Group Plc purchased a new stake in Boeing during the 2nd quarter valued at $710,816,000. Deutsche Bank AG purchased a new stake in Boeing during the 2nd quarter valued at $539,456,000. Finally, Swiss National Bank boosted its stake in Boeing by 7.6% during the 1st quarter. Swiss National Bank now owns 2,298,077 shares of the aircraft producer's stock valued at $457,386,000 after purchasing an additional 163,000 shares during the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Stock Down 2.5%

Shares of BA stock opened at $187.46 on Friday. The company has a quick ratio of 0.33, a current ratio of 1.14 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. The company has a 50 day simple moving average of $201.61 and a two-hundred day simple moving average of $215.33.

Boeing (NYSE:BA - Get Free Report) last issued 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). Boeing had a negative return on equity of 346.82% and a net margin of 2.41%. The business had revenue of $24.56 billion for the quarter, compared to analysts' expectations of $24.26 billion. During the same quarter in the prior year, the business earned ($1.24) EPS. The company's revenue was up 8.0% compared to the same quarter last year. On average, analysts expect that The Boeing Company will post -1.08 EPS for the current fiscal year.

More Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: The FAA granted final certification to the 737 MAX 10, clearing the way for deliveries of an aircraft with approximately 1,555 orders. The approval could help Boeing compete more effectively with Airbus’ A321neo and ease a key delivery bottleneck. Boeing 737 MAX 10 certification
• Positive Sentiment: Analysts said MAX 10 approval could support more stable production and deliveries as aircraft demand builds in 2027 and 2028, potentially improving Boeing’s cash flow and turnaround prospects. Boeing wins FAA certification
• Neutral Sentiment: Boeing is scheduled to report third-quarter results before the market opens on October 27. Analysts are focused on aircraft deliveries, services demand, production rates and other operating metrics, with some forecasts calling for double-digit earnings growth. Boeing earnings preview
• Negative Sentiment: Investors still face execution concerns ahead of earnings, including supply-chain delays, the need to ramp 737 MAX production and Boeing’s negative return on invested capital. These issues could limit the benefit of the MAX 10 certification if deliveries and profitability do not improve. Boeing stock before earnings
• Negative Sentiment: The certification news has not translated into sustained buying, likely because approval was widely expected. With Boeing trading at a high earnings multiple and carrying substantial leverage, investors may be demanding clearer evidence of improving cash generation before bidding the shares higher. Boeing receives FAA approval

Analyst Upgrades and Downgrades

BA has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Boeing in a report on Monday. Cantor Fitzgerald cut shares of Boeing to a "neutral" rating in a report on Tuesday, August 11th. UBS Group restated a "buy" rating on shares of Boeing in a research report on Tuesday, September 29th. Bank of America reiterated a "buy" rating and set a $270.00 target price on shares of Boeing in a research note on Friday, September 18th. Finally, Morgan Stanley lowered their price target on Boeing from $250.00 to $225.00 and set an "equal weight" rating on the stock in a report on Friday, October 16th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have given a Hold rating and four have issued a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $266.96.

About Boeing

The Boeing Company NYSE: BA is a global aerospace company that designs, manufactures and supports commercial airplanes, military aircraft, satellites, space systems and related products and services. Its offerings serve airlines, government agencies, defense organizations and other customers worldwide.

Boeing operates through three principal business areas: Commercial Airplanes, which develops and produces passenger and cargo aircraft; Defense, Space & Security, which provides military aircraft, weapons systems, satellites and space-related platforms; and Global Services, which offers parts, maintenance, training, engineering and other lifecycle support.

Founded in 1916 by William Boeing, the company has grown into one of the world's major aerospace manufacturers.

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