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The Boeing Company $BA Shares Bought by SteelPeak Wealth LLC

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Key Points

  • SteelPeak Wealth LLC increased its Boeing stake by 50.4% in Q3, buying 8,833 shares to hold 26,360 shares valued at about $5.69 million.
  • Boeing reported a steep quarterly EPS miss — ($7.47) versus ($0.51) expected — while revenue rose 30.4% year‑over‑year to $23.27 billion and beat estimates.
  • Boeing won large defense contracts (including an $8.6 billion F‑15IA order and roughly $2.7 billion for Apache support) and carries a consensus analyst rating of "Moderate Buy" with a $234.92 price target.
  • Five stocks to consider instead of Boeing.

SteelPeak Wealth LLC grew its holdings in The Boeing Company (NYSE:BA - Free Report) by 50.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,360 shares of the aircraft producer's stock after buying an additional 8,833 shares during the period. SteelPeak Wealth LLC's holdings in Boeing were worth $5,689,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BA. Wallace Advisory Group LLC raised its holdings in Boeing by 1.2% in the 2nd quarter. Wallace Advisory Group LLC now owns 3,570 shares of the aircraft producer's stock valued at $748,000 after acquiring an additional 44 shares during the last quarter. Aspire Capital Advisors LLC grew its position in shares of Boeing by 0.8% in the second quarter. Aspire Capital Advisors LLC now owns 5,943 shares of the aircraft producer's stock valued at $1,245,000 after purchasing an additional 45 shares in the last quarter. Lantz Financial LLC increased its holdings in shares of Boeing by 1.5% in the second quarter. Lantz Financial LLC now owns 3,072 shares of the aircraft producer's stock valued at $644,000 after purchasing an additional 46 shares during the last quarter. Blue Barn Wealth LLC increased its holdings in shares of Boeing by 1.8% in the second quarter. Blue Barn Wealth LLC now owns 2,594 shares of the aircraft producer's stock valued at $544,000 after purchasing an additional 46 shares during the last quarter. Finally, Atlas Brown Inc. lifted its position in Boeing by 0.7% during the second quarter. Atlas Brown Inc. now owns 6,498 shares of the aircraft producer's stock worth $1,362,000 after buying an additional 48 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BA has been the subject of several analyst reports. Tigress Financial restated a "buy" rating and issued a $275.00 target price on shares of Boeing in a report on Monday. Deutsche Bank Aktiengesellschaft cut shares of Boeing from a "buy" rating to a "hold" rating and set a $240.00 price target on the stock. in a research report on Thursday, October 30th. BNP Paribas set a $150.00 price objective on shares of Boeing in a research report on Tuesday, November 18th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $250.00 target price on shares of Boeing in a research note on Monday, September 29th. Finally, Sanford C. Bernstein reiterated an "outperform" rating and issued a $267.00 target price on shares of Boeing in a report on Friday, November 14th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have issued a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $234.92.

Get Our Latest Stock Analysis on Boeing

Boeing Price Performance

Shares of BA stock opened at $217.07 on Friday. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $242.69. The firm has a market cap of $164.99 billion, a PE ratio of -15.87 and a beta of 1.16. The company has a 50-day moving average of $202.14 and a two-hundred day moving average of $214.52.

Boeing (NYSE:BA - Get Free Report) last issued its quarterly earnings data on Wednesday, October 29th. The aircraft producer reported ($7.47) EPS for the quarter, missing the consensus estimate of ($0.51) by ($6.96). The firm had revenue of $23.27 billion for the quarter, compared to analysts' expectations of $21.61 billion. During the same quarter in the prior year, the company posted ($10.44) EPS. The business's revenue was up 30.4% on a year-over-year basis. Sell-side analysts anticipate that The Boeing Company will post -2.58 EPS for the current fiscal year.

Insider Activity

In other Boeing news, SVP Dana S. Deasy purchased 554 shares of Boeing stock in a transaction dated Monday, November 24th. The shares were acquired at an average price of $178.88 per share, with a total value of $99,099.52. Following the completion of the transaction, the senior vice president owned 28,442 shares of the company's stock, valued at $5,087,704.96. This trade represents a 1.99% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Uma M. Amuluru sold 1,366 shares of the firm's stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $197.66, for a total transaction of $270,003.56. Following the completion of the transaction, the executive vice president directly owned 14,656 shares of the company's stock, valued at approximately $2,896,904.96. The trade was a 8.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.09% of the stock is currently owned by corporate insiders.

Trending Headlines about Boeing

Here are the key news stories impacting Boeing this week:

Boeing Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding BA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Boeing Company (NYSE:BA - Free Report).

Institutional Ownership by Quarter for Boeing (NYSE:BA)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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