The Boeing Company $BA Shares Purchased by Franklin Street Advisors Inc. NC

Key Points

• Franklin Street Advisors increased its Boeing stake by 33.4% in the second quarter, bringing its holdings to 89,084 shares valued at approximately $19.3 million. Institutional investors and hedge funds collectively own 64.82% of Boeing.
• Boeing reported quarterly revenue of $24.56 billion, up 8% year over year, but its $0.76 per-share loss missed analysts’ expectations of a $0.34 loss. The stock opened at $234.48, near the upper end of its 52-week range.
• Analyst sentiment remains broadly positive, with Boeing receiving a “Moderate Buy” consensus rating and an average price target of $273. Recent optimism centers on FAA approval of the 737 MAX 7, though inspections of hundreds of other 737 aircraft could create cost and delivery risks.

Franklin Street Advisors Inc. NC boosted its position in shares of The Boeing Company (NYSE:BA - Free Report) by 33.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 89,084 shares of the aircraft producer's stock after purchasing an additional 22,315 shares during the period. Franklin Street Advisors Inc. NC's holdings in Boeing were worth $19,284,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of BA. Revolve Wealth Partners LLC purchased a new stake in shares of Boeing during the 4th quarter valued at approximately $201,000. Sivia Capital Partners LLC grew its position in Boeing by 16.5% in the second quarter. Sivia Capital Partners LLC now owns 1,529 shares of the aircraft producer's stock worth $320,000 after acquiring an additional 217 shares during the period. AXA S.A. increased its stake in Boeing by 1,225.7% during the second quarter. AXA S.A. now owns 34,655 shares of the aircraft producer's stock worth $7,261,000 after acquiring an additional 32,041 shares during the last quarter. Ieq Capital LLC increased its stake in Boeing by 243.8% during the second quarter. Ieq Capital LLC now owns 33,485 shares of the aircraft producer's stock worth $7,016,000 after acquiring an additional 23,746 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its stake in shares of Boeing by 4.2% in the 2nd quarter. Alliancebernstein L.P. now owns 1,334,451 shares of the aircraft producer's stock valued at $279,608,000 after purchasing an additional 53,736 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Stock Performance

NYSE BA opened at $234.48 on Monday. The company has a market cap of $185.33 billion, a P/E ratio of 101.51 and a beta of 1.21. The company has a debt-to-equity ratio of 6.77, a current ratio of 1.14 and a quick ratio of 0.33. The stock has a 50-day moving average of $220.24 and a two-hundred day moving average of $223.44. The Boeing Company has a 1-year low of $176.77 and a 1-year high of $254.35.

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 (EPS) for the quarter, missing analysts' consensus estimates of ($0.34) by ($0.42). The business had revenue of $24.56 billion for 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 firm's revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter last year, the company earned ($1.24) earnings per share. As a group, analysts anticipate that The Boeing Company will post -0.88 EPS for the current year.

Insider Buying and Selling at Boeing

In other Boeing news, Director Bradley D. Tilden bought 1,370 shares of the business's stock in a transaction that occurred on Wednesday, May 20th. The shares were purchased at an average cost of $218.50 per share, with a total value of $299,345.00. Following the purchase, the director directly owned 1,370 shares in the company, valued at approximately $299,345. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on BA shares. Wolfe Research reiterated an "outperform" rating and set a $275.00 price target on shares of Boeing in a report on Thursday, April 23rd. Citigroup boosted their price objective on shares of Boeing from $256.00 to $260.00 and gave the company a "buy" rating in a report on Monday, May 18th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Boeing in a research report on Tuesday, August 4th. Robert W. Baird set a $300.00 target price on shares of Boeing in a research note on Wednesday, July 29th. Finally, Tigress Financial lifted their price target on shares of Boeing from $295.00 to $305.00 and gave the company a "buy" rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Boeing presently has an average rating of "Moderate Buy" and an average price target of $273.00.

Trending Headlines about Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: The FAA approved Boeing’s 737 MAX 7 for commercial service after a lengthy certification process. The approval allows Boeing to begin delivering completed aircraft and removes a major bottleneck for its backlog, supporting expectations for higher revenue, deliveries and cash generation. Boeing Wins 737 MAX 7 Approval
• Positive Sentiment: Analyst optimism is providing another tailwind. Tigress Financial raised its price target on BA from $295 to $305 and reiterated a “buy” rating, citing the company’s operational acceleration and the potential benefits of the MAX 7 rollout. Boeing Price Target Raised
• Positive Sentiment: Recent coverage points to improving production, deliveries and cash-flow prospects as Boeing moves past manufacturing disruptions and regulatory restrictions. Jim Cramer’s earlier bullish view on a turnaround is being highlighted after BA’s recent rally, although his comments are primarily sentiment-driven rather than a new fundamental catalyst. Jim Cramer on Boeing
• Neutral Sentiment: BA has gained roughly 8% this week following the MAX 7 approval, but its longer-term performance remains more muted. At about $234, the stock is near the upper portion of its 52-week range, with a forward-looking turnaround narrative already reflected in a high valuation.
• Negative Sentiment: The FAA ordered inspections of 471 737-8, 737-9 and 737-8200 aircraft after identifying possible cracks near a service-door structural reinforcement. Boeing supports the directive and says the issue has not been observed in the MAX fleet, but required inspections and any repairs could increase costs, delay aircraft and revive concerns about Boeing’s quality controls. FAA Probe Into Boeing 737 Jets

Boeing Company Profile

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.

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).

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source