The Boeing Company $BA Stock Sold by University of Texas Texas AM Investment Management Co.

Key Points

• University of Texas Texas A&M Investment Management Co. cut its Boeing stake by 57.1% in the third quarter, selling 15,644 shares and retaining 11,734 shares valued at about $2.18 million.
• Boeing reported quarterly revenue of $24.19 billion, up 3.9% year over year, but its loss per share of $0.34 was wider than analysts’ expected $0.25 loss.
• Developments were mixed: Avolon placed a record order for 140 737-10 jets and two directors bought shares, while weak October MAX deliveries and FAA scrutiny of Dreamliner wings remain concerns. Analysts’ consensus rating is “Moderate Buy,” with an average price target of $247.88.

University of Texas Texas AM Investment Management Co. lowered its position in shares of The Boeing Company (NYSE:BA - Free Report) by 57.1% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,734 shares of the aircraft producer's stock after selling 15,644 shares during the quarter. University of Texas Texas AM Investment Management Co.'s holdings in Boeing were worth $2,183,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Paul R. Ried Financial Group LLC increased its stake in shares of Boeing by 0.3% during 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 acquiring an additional 49 shares during the period. BlueChip Wealth Advisors LLC lifted its position in Boeing by 2.6% in the first quarter. BlueChip Wealth Advisors LLC now owns 1,945 shares of the aircraft producer's stock valued at $381,000 after purchasing an additional 50 shares during the period. Enterprise Financial Services Corp lifted its position in Boeing by 1.8% in the first quarter. Enterprise Financial Services Corp now owns 2,821 shares of the aircraft producer's stock valued at $561,000 after purchasing an additional 51 shares during the period. Gradient Investments LLC lifted its position in Boeing by 0.9% in the second quarter. Gradient Investments LLC now owns 5,681 shares of the aircraft producer's stock valued at $1,230,000 after purchasing an additional 51 shares during the period. Finally, Sandy Cove Advisors LLC boosted 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 purchasing an additional 52 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company's stock.

Trending Headlines about 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

Wall Street Analyst Weigh In

Several equities analysts have issued reports on BA shares. Tigress Financial boosted their target price on Boeing from $295.00 to $305.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. Zacks Research downgraded Boeing from a "hold" rating to a "strong sell" rating in a research note on Friday, October 16th. UBS Group reduced their price target on Boeing from $275.00 to $240.00 and set a "buy" rating for the company in a report on Wednesday, October 28th. Glj Research started coverage on Boeing in a research note on Wednesday, October 28th. They issued a "buy" rating on the stock. Finally, Morgan Stanley decreased their price target on Boeing from $225.00 to $195.00 and set an "equal weight" rating on the stock in a research note 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 given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Boeing presently has a consensus rating of "Moderate Buy" and an average price target of $247.88.

Insider Buying and Selling

In related news, Director Steven Mollenkopf purchased 2,950 shares of Boeing stock in a transaction dated Friday, October 30th. The stock was bought at an average cost of $173.03 per share, for a total transaction of $510,438.50. Following the transaction, the director owned 6,717 shares in the company, valued at approximately $1,162,242.51. The trade was a 78.31% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Mortimer Buckley purchased 5,820 shares of the firm's stock in a transaction dated 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 purchase, the director directly owned 10,250 shares in the company, valued at approximately $1,758,387.50. This represents a 131.38% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.10% of the stock is currently owned by company insiders.

Boeing Stock Performance

Shares of BA opened at $173.44 on Monday. The company has a quick ratio of 0.34, a current ratio of 1.13 and a debt-to-equity ratio of 6.31. The Boeing Company has a 52-week low of $165.01 and a 52-week high of $254.35. The company has a 50-day simple moving average of $192.39 and a 200-day simple moving average of $215.41. The company has a market capitalization of $137.44 billion, a PE ratio of 18.87 and a beta of 1.34.

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

About Boeing

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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