The Boeing Company $BA Shares Acquired by Royal Fund Management LLC

Key Points

• Royal Fund Management increased its Boeing stake by 1,372.2% in the third quarter, ending with 21,273 shares valued at approximately $3.96 million. Institutional investors collectively own 64.82% of Boeing.
• The FAA’s final certification of Boeing’s 737 MAX 10 clears the way for deliveries of roughly 1,555 ordered aircraft and could support production, cash flow and Boeing’s competitive position against Airbus.
• Boeing faces continued execution and financial risks, including supply-chain delays, the need to raise MAX production, high leverage and negative returns. Shares recently traded near $187.46, while analysts’ average price target is $266.96 and the consensus rating is “Moderate Buy.”

Royal Fund Management LLC lifted its position in The Boeing Company (NYSE:BA - Free Report) by 1,372.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,273 shares of the aircraft producer's stock after purchasing an additional 19,828 shares during the quarter. Royal Fund Management LLC's holdings in Boeing were worth $3,958,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CMH Wealth Management LLC lifted its stake in Boeing by 3.9% during the 3rd quarter. CMH Wealth Management LLC now owns 74,324 shares of the aircraft producer's stock valued at $13,828,000 after acquiring an additional 2,766 shares during the period. Benin Management CORP boosted its holdings in shares of Boeing by 28.8% in the 3rd quarter. Benin Management CORP now owns 1,342 shares of the aircraft producer's stock valued at $250,000 after acquiring an additional 300 shares during the last quarter. NBT Bank N.A. purchased a new stake in shares of Boeing in the 3rd quarter valued at $2,207,000. SBI Securities Co. Ltd. boosted its holdings in shares of Boeing by 2.4% in the 3rd quarter. SBI Securities Co. Ltd. now owns 17,771 shares of the aircraft producer's stock valued at $3,306,000 after acquiring an additional 413 shares during the last quarter. Finally, Crescent Grove Advisors LLC increased its stake in shares of Boeing by 25.0% in the third quarter. Crescent Grove Advisors LLC now owns 2,547 shares of the aircraft producer's stock worth $474,000 after acquiring an additional 510 shares during the period. Institutional investors and hedge funds own 64.82% of the company's stock.

Boeing News Summary

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

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Argus raised shares of Boeing from a "hold" rating to a "buy" rating and set a $265.00 target price for the company in a report on Tuesday, August 11th. Bank of America restated a "buy" rating and set a $270.00 target price on shares of Boeing in a research report on Friday, September 18th. The Goldman Sachs Group lowered shares of Boeing from a "buy" rating to a "hold" rating in a report on Tuesday, August 11th. William Blair reaffirmed an "outperform" rating on shares of Boeing in a research report on Wednesday, September 30th. Finally, Citigroup downgraded Boeing from a "buy" rating to a "sell" rating in a research report on Tuesday, August 11th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have issued a Hold rating and four have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Boeing currently has an average rating of "Moderate Buy" and an average price target of $266.96.

Boeing Trading Down 2.5%

Shares of NYSE:BA opened at $187.46 on Friday. The Boeing Company has a 12-month low of $176.77 and a 12-month high of $254.35. The company has a market capitalization of $148.17 billion, a PE ratio of 81.15 and a beta of 1.26. The business has a 50 day moving average of $201.61 and a two-hundred day moving average of $215.33. The company has a current ratio of 1.14, a quick ratio of 0.33 and a debt-to-equity ratio of 6.77.

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). The company had revenue of $24.56 billion during the quarter, compared to analysts' expectations of $24.26 billion. Boeing had a negative return on equity of 346.82% and a net margin of 2.41%. The company's revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the company posted ($1.24) EPS. As a group, analysts forecast that The Boeing Company will post -1.08 EPS for the current year.

Boeing Profile

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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