The Boeing Company $BA Stock Bought by Edgemoor Investment Advisors Inc.

Key Points

• Edgemoor Investment Advisors increased its Boeing stake 68.4% in the third quarter, adding 7,748 shares to hold 19,070 shares valued at $3.55 million. Institutional investors and hedge funds own 64.82% of Boeing stock.
• Boeing’s latest quarterly results missed the earnings-per-share estimate at a loss of $0.34 per share, though revenue of $24.19 billion topped expectations and rose 3.9% year over year.
• Analysts’ outlook was mixed: Boeing has a “Moderate Buy” consensus rating, but several firms cut price targets. Operational concerns include low October 737 MAX deliveries and FAA scrutiny of Dreamliner wing issues.

Edgemoor Investment Advisors Inc. raised its holdings in shares of The Boeing Company (NYSE:BA - Free Report) by 68.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,070 shares of the aircraft producer's stock after buying an additional 7,748 shares during the quarter. Edgemoor Investment Advisors Inc.'s holdings in Boeing were worth $3,548,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of BA. Paul R. Ried Financial Group LLC lifted its stake in shares of Boeing by 0.3% in the first quarter. Paul R. Ried Financial Group LLC now owns 18,060 shares of the aircraft producer's stock worth $3,594,000 after buying an additional 49 shares in the last quarter. BlueChip Wealth Advisors LLC grew its stake in Boeing by 2.6% during the 1st quarter. BlueChip Wealth Advisors LLC now owns 1,945 shares of the aircraft producer's stock valued at $381,000 after acquiring an additional 50 shares in the last quarter. Enterprise Financial Services Corp grew its stake in Boeing by 1.8% during the 1st quarter. Enterprise Financial Services Corp now owns 2,821 shares of the aircraft producer's stock valued at $561,000 after acquiring an additional 51 shares in the last quarter. Gradient Investments LLC raised its holdings in Boeing by 0.9% in the 2nd quarter. Gradient Investments LLC now owns 5,681 shares of the aircraft producer's stock valued at $1,230,000 after acquiring an additional 51 shares during the last quarter. Finally, Sandy Cove Advisors LLC raised its holdings in Boeing by 5.1% in the 2nd quarter. Sandy Cove Advisors LLC now owns 1,076 shares of the aircraft producer's stock valued at $233,000 after acquiring an additional 52 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Avolon ordered 140 Boeing 737-10 jets, a record order that reinforces demand for Boeing’s largest 737 variant and adds to its backlog. Boeing Looks 8% Overvalued Following Avolon’s Order
• Positive Sentiment: Two directors bought Boeing shares after the stock’s decline, while a report also cited positive free cash flow. Those signals may bolster confidence, though they do not resolve operational challenges. Boeing Has the Orders, the Cash Flow, and Insider Buyers
• Neutral Sentiment: A valuation analysis said Boeing shares looked about 8% overvalued despite the Avolon order, reflecting concerns about the company’s recent performance and delivery outlook. Boeing Valuation Analysis
• Negative Sentiment: Boeing reportedly delivered 32 MAX jets in October, its lowest monthly total in nearly a year. Fewer deliveries could weigh on revenue and complicate the production recovery. October MAX Deliveries
• Negative Sentiment: The FAA is scrutinizing Dreamliner wing issues, adding a potential quality-control and regulatory overhang that could raise the risk of delays or added costs. FAA Scrutiny of Dreamliner Wings

Boeing Stock Performance

NYSE:BA opened at $173.44 on Monday. The company has a debt-to-equity ratio of 6.31, a current ratio of 1.13 and a quick ratio of 0.34. The firm has a market capitalization of $137.44 billion, a price-to-earnings ratio of 18.87 and a beta of 1.34. The company's 50-day moving average is $192.39 and its two-hundred day moving average is $215.41. The Boeing Company has a 1-year low of $165.01 and a 1-year high of $254.35.

Boeing (NYSE:BA - Get Free Report) last posted its quarterly earnings results on Tuesday, October 27th. The aircraft producer reported ($0.34) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($0.09). The firm had revenue of $24.19 billion during the quarter, compared to analysts' expectations of $23.95 billion. Boeing had a net margin of 7.98% and a negative return on equity of 42.40%. The business's quarterly revenue was up 3.9% on a year-over-year basis. During the same period last year, the company earned ($7.47) EPS. Analysts forecast that The Boeing Company will post -1.84 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Wells Fargo & Company decreased their target price on shares of Boeing from $250.00 to $210.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 28th. Sanford C. Bernstein lowered their target price on Boeing from $278.00 to $223.00 and set an "outperform" rating on the stock in a report on Thursday, October 29th. Cantor Fitzgerald lowered Boeing to a "neutral" rating in a research report on Tuesday, August 11th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $235.00 price target on shares of Boeing in a report on Monday, October 26th. Finally, Roth Capital cut Boeing to a "neutral" rating in a report on Wednesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat, Boeing has a consensus rating of "Moderate Buy" and an average price target of $247.88.

Insider Buying and Selling

In other Boeing news, Director Mortimer Buckley acquired 5,820 shares of the firm's stock in a transaction that occurred on Friday, October 30th. The shares were purchased at an average cost of $171.55 per share, for a total transaction of $998,421.00. Following the completion of the acquisition, the director owned 10,250 shares of the company's stock, valued at approximately $1,758,387.50. The trade was a 131.38% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Steven Mollenkopf acquired 2,950 shares of the stock in a transaction that occurred on Friday, October 30th. The stock was acquired at an average price of $173.03 per share, with a total value of $510,438.50. Following the completion of the transaction, the director directly owned 6,717 shares of the company's stock, valued at $1,162,242.51. This trade represents a 78.31% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 0.10% of the company's stock.

Boeing Company Profile

The Boeing Company is an aerospace manufacturer that designs, builds and supports commercial airplanes, defense products and space systems. Its commercial aircraft include the 737, 767, 777 and 787 families, which serve passenger and cargo operators around the world.

Boeing's defense, space and security business supplies military aircraft, helicopters, weapons, satellites and related systems, as well as services for government customers. Its Boeing Global Services business provides support such as maintenance, parts, training and logistics for commercial and government customers.

Founded in 1916 by William Boeing, the company has grown into a global aerospace business serving customers across the Americas, Europe, Asia and other regions.

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