The Boeing Company $BA Stock Position Increased by NorthCrest Asset Manangement LLC

Key Points

• NorthCrest Asset Management increased its Boeing stake by 86.6% in the third quarter, adding 44,750 shares to hold 96,436 shares valued at approximately $17.9 million.
• Institutional investors collectively own 64.82% of Boeing, with several major firms—including Janus Henderson, Bank of New York Mellon, Legal & General, and Deutsche Bank—also building or initiating positions.
• Boeing shares opened at $189.52, below their 50-day and 200-day moving averages, while analysts maintain a “Moderate Buy” consensus and a $269.16 average price target despite concerns over cash flow, leverage, and profitability.

NorthCrest Asset Manangement LLC raised its holdings in shares of The Boeing Company (NYSE:BA - Free Report) by 86.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 96,436 shares of the aircraft producer's stock after acquiring an additional 44,750 shares during the quarter. NorthCrest Asset Manangement LLC's holdings in Boeing were worth $17,942,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. Jupiter Topco LLC purchased a new stake in Boeing during the 2nd quarter worth about $911,878,000. Janus Henderson Group PLC boosted its stake in Boeing by 43.1% in the 4th quarter. Janus Henderson Group PLC now owns 3,907,876 shares of the aircraft producer's stock worth $840,204,000 after purchasing an additional 1,176,074 shares during the period. Bank of New York Mellon Corp purchased a new position in Boeing during the 2nd quarter valued at about $747,763,000. Legal & General Group Plc purchased a new position in Boeing during the 2nd quarter valued at about $710,816,000. Finally, Deutsche Bank AG purchased a new position in Boeing during the 2nd quarter valued at about $539,456,000. Hedge funds and other institutional investors own 64.82% of the company's stock.

Boeing Price Performance

Shares of NYSE BA opened at $189.52 on Tuesday. The firm has a market capitalization of $149.79 billion, a P/E ratio of 82.04 and a beta of 1.26. The company has a quick ratio of 0.33, a current ratio of 1.14 and a debt-to-equity ratio of 6.77. The stock's 50-day simple moving average is $208.82 and its two-hundred day simple moving average is $215.93. The Boeing Company has a twelve month low of $176.77 and a twelve month 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). Boeing had a net margin of 2.41% and a negative return on equity of 346.82%. The business had revenue of $24.56 billion for the quarter, compared to the consensus estimate of $24.26 billion. During the same quarter last year, the business posted ($1.24) EPS. The business's revenue was up 8.0% compared to the same quarter last year. As a group, equities analysts anticipate that The Boeing Company will post -0.94 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on BA. UBS Group reissued a "buy" rating on shares of Boeing in a report on Tuesday, September 29th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Boeing from $244.00 to $248.00 and gave the company a "hold" rating in a research note on Wednesday, July 29th. Bank of America reaffirmed a "buy" rating and set a $270.00 target price on shares of Boeing in a report on Friday, September 18th. Sanford C. Bernstein lowered their target price on shares of Boeing from $298.00 to $278.00 and set an "outperform" rating on the stock in a research note on Monday. Finally, Wolfe Research raised shares of Boeing from a "hold" rating to a "strong-buy" rating in a report on Thursday, September 24th. Two analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Boeing presently has a consensus rating of "Moderate Buy" and a consensus price target of $269.16.

Boeing News Roundup

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Barclays initiated coverage of Boeing with an Overweight rating, adding a new bullish view on the company’s recovery and long-term aerospace prospects. Boeing Stock Rated Overweight in New Coverage at Barclays
• Positive Sentiment: Bank of America Securities said Boeing “holds the keys” to the future of U.S. tactical aircraft after winning the F/A-XX program, suggesting meaningful long-term defense potential that investors may not have fully reflected in the stock. Boeing Holds the Keys to the Future of US Tactical Aircraft
• Positive Sentiment: Aircraft lessor Avolon placed a large order with Boeing and Airbus to expand its fleet. The Boeing portion supports future commercial aircraft demand and production visibility. Avolon Places Massive Aircraft Order With Boeing and Airbus
• Neutral Sentiment: Analyst opinion remains mixed: Barclays’ bullish initiation contrasts with Bernstein’s reduced price target, while broader analyst-rating coverage continues to portray Boeing as a potential investment but cautions that consensus recommendations may be overly optimistic. Mixed Bag of Analysis Sends Boeing Stock Down Slightly
• Negative Sentiment: Bernstein cut its Boeing price target to $278 from $298, citing limited visibility into cash flow despite progress since the 2018–2023 period of 737 MAX accidents, 787 structural issues, certification delays and defense charges. Bernstein Cuts Boeing Price Target to $278
• Negative Sentiment: Investor comparisons with GE Aerospace highlight Boeing’s weaker fundamentals, including negative cash flow, substantially higher leverage and limited profitability. A separate investor fraud investigation announcement adds a further headline risk. Boeing vs. GE Aerospace

Boeing Company Profile

The Boeing Company NYSE: BA is a global aerospace company that designs, manufactures and supports commercial airplanes, military aircraft, spacecraft and related systems. Its commercial portfolio includes the 737, 787 Dreamliner and 777 families, as well as the 777X program. Boeing sells aircraft to airlines, cargo operators and leasing companies around the world.

Through its defense and space operations, Boeing provides products and services for the U.S. government, allied governments and other institutional customers.

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