The Boeing Company $BA Shares Bought by SteelPeak Wealth LLC

Key Points

• SteelPeak Wealth increased its Boeing stake by 660% in the third quarter, purchasing 82,479 additional shares for a total of 94,976 shares valued at approximately $17.67 million.
• Institutional investors own 64.82% of Boeing’s outstanding shares, while several smaller investment firms recently initiated new positions.
• Boeing’s latest quarterly results missed earnings expectations, despite revenue rising 8% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $266.96, above the stock’s reported price of $189.98.

SteelPeak Wealth LLC raised its holdings in The Boeing Company (NYSE:BA - Free Report) by 660.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 94,976 shares of the aircraft producer's stock after buying an additional 82,479 shares during the quarter. SteelPeak Wealth LLC's holdings in Boeing were worth $17,670,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BA. Highland Investment Advisors LLC purchased a new stake in shares of Boeing during the second quarter worth about $26,000. Strategic Wealth Advisors LLC acquired a new position in shares of Boeing during the second quarter valued at about $27,000. Bell Investment Advisors Inc acquired a new position in shares of Boeing during the second quarter valued at about $29,000. Bayban acquired a new position in shares of Boeing during the fourth quarter valued at about $29,000. Finally, Security National Bank of SO Dak purchased a new position in shares of Boeing in the 2nd quarter valued at approximately $30,000. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Boeing Stock Up 0.7%

Boeing stock opened at $189.98 on Friday. The business's 50-day simple moving average is $204.93 and its two-hundred day simple moving average is $215.57. The company has a debt-to-equity ratio of 6.77, a quick ratio of 0.33 and a current ratio of 1.14. The company has a market cap of $150.16 billion, a PE ratio of 82.24 and a beta of 1.26. The Boeing Company has a fifty-two week low of $176.77 and a fifty-two week high of $254.35.

Boeing (NYSE:BA - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The aircraft producer reported ($0.76) earnings per share (EPS) 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 firm had revenue of $24.56 billion during the quarter, compared to analysts' expectations of $24.26 billion. During the same quarter in the previous year, the business earned ($1.24) earnings per share. The company's revenue for the quarter was up 8.0% compared to the same quarter last year. Equities analysts anticipate that The Boeing Company will post -0.96 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on BA. Robert W. Baird set a $300.00 target price on shares of Boeing and gave the stock an "outperform" rating in a research note on Wednesday, July 29th. Wolfe Research raised shares of Boeing from a "hold" rating to a "strong-buy" rating in a research report on Thursday, September 24th. Cantor Fitzgerald lowered shares of Boeing to a "neutral" rating in a research note on Tuesday, August 11th. Barclays started coverage on shares of Boeing in a research note on Friday, October 9th. They set an "overweight" rating and a $300.00 price target on the stock. Finally, DZ Bank reaffirmed a "buy" rating on shares of Boeing in a report on Thursday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $266.96.

Key Stories Impacting Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing is reportedly in discussions with Cathay Pacific over a potential order for as many as 50 wide-body aircraft. Although Cathay is also considering Airbus, a win would strengthen Boeing’s backlog and support future production and deliveries. Boeing Heads Into Talks Over Up To 50 Wide Body Jets
• Positive Sentiment: Southwest Airlines is reportedly considering another Boeing purchase, adding to recent commercial-aircraft deal momentum and potentially supporting Boeing’s order pipeline. Boeing Stock Gains as Southwest Considers Buy
• Positive Sentiment: Boeing averted a possible engineers’ strike after new contracts were signed, reducing a near-term operational disruption risk. Boeing Strike Deadline and New Contracts
• Positive Sentiment: Barclays maintained an optimistic outlook, with a $300 price target implying substantial upside and citing Boeing’s improving revenue trajectory. Barclays Sees Upside in Boeing Stock
• Neutral Sentiment: Board members with deeper aviation expertise could help Boeing shape its next-generation aircraft strategy, though the benefit is longer term. Boeing’s Boardroom Strategy
• Negative Sentiment: Chief Sales Officer Ihssane Mounir McMullen plans to retire, creating a leadership transition in a critical commercial-sales role. Boeing Sales Chief to Retire
• Negative Sentiment: Morgan Stanley cut its price target from $250 to $225, while retaining a Buy rating. RBC also reduced its target from $265 to $235, citing defense-budget uncertainty. Morgan Stanley Boeing Price Target
• Negative Sentiment: A separate risk-reward assessment assigned Boeing a low score and a Sell rating, underscoring valuation, balance-sheet and execution concerns. Boeing Risk-Reward Assessment

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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