EFG International AG bought a new position in The Boeing Company (NYSE:BA – Free Report) in the second quarter, HoldingsChannel reports. The firm bought 13,809 shares of the aircraft producer’s stock, valued at approximately $2,989,000.
Several other large investors have also recently modified their holdings of the stock. Bank of New York Mellon Corp bought a new stake in Boeing in the second quarter worth $747,763,000. Legal & General Group Plc bought a new position in Boeing during the second quarter valued at $710,816,000. Deutsche Bank AG purchased a new stake in shares of Boeing in the second quarter valued at $539,456,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Boeing in the 2nd quarter worth about $441,997,000. Finally, Alyeska Investment Group L.P. boosted its stake in shares of Boeing by 245.7% during the 4th quarter. Alyeska Investment Group L.P. now owns 2,252,450 shares of the aircraft producer’s stock worth $489,052,000 after purchasing an additional 1,600,909 shares during the period. Institutional investors own 64.82% of the company’s stock.
Key Headlines Impacting Boeing
Here are the key news stories impacting Boeing this week:
- Positive Sentiment: Bernstein initiated or reiterated a Buy view on Boeing, providing support for the stock despite recent operational concerns. Boeing Gets a Buy from Bernstein
- Positive Sentiment: Boeing and RTX won approximately $766 million in U.S. Air Force contracts tied to B-52 modernization. The award reinforces Boeing’s defense exposure and provides incremental backlog and revenue visibility. Boeing and RTX Win B-52 Modernization Contracts
- Positive Sentiment: The market continues to focus on Boeing’s potential $131.23 billion F-15 Eagle contract ceiling, which could support defense revenue through 2037 and include modernization, sustainment, and foreign military sales. However, the indefinite-delivery/indefinite-quantity award is a maximum authorization—not guaranteed revenue—and only about $344,000 was initially funded. F-15 Eagle Contract Announcement
- Positive Sentiment: Some valuation analysis argues Boeing may be undervalued after a roughly 10% annual decline, citing long-term defense contracts and technology partnerships as potential cash-flow catalysts. Execution remains the key risk. Boeing Stock Could Be Undervalued
Boeing Stock Performance
Boeing (NYSE:BA – Get Free Report) last posted its earnings results on Tuesday, July 28th. The aircraft producer reported ($0.76) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.42). Boeing had a negative return on equity of 346.82% and a net margin of 2.41%.The company had revenue of $24.56 billion for the quarter, compared to analysts’ expectations of $24.26 billion. During the same quarter in the prior year, the company earned ($1.24) EPS. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. On average, sell-side analysts anticipate that The Boeing Company will post -0.87 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on the stock. Btg Pactual set a $260.00 price objective on shares of Boeing in a research report on Tuesday, July 14th. Royal Bank Of Canada reduced their price target on Boeing from $275.00 to $265.00 and set an “outperform” rating on the stock in a report on Wednesday, July 29th. Sanford C. Bernstein began coverage on Boeing in a report on Tuesday, August 11th. They set an “outperform” rating for the company. Argus raised Boeing from a “hold” rating to a “buy” rating and set a $265.00 price objective on the stock in a research report on Tuesday, August 11th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Boeing in a research note on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, Boeing presently has an average rating of “Moderate Buy” and a consensus target price of $272.58.
Check Out Our Latest Stock Report on Boeing
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.
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