Pacer Advisors Inc. lessened its stake in shares of The Boeing Company (NYSE:BA – Free Report) by 31.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 44,371 shares of the aircraft producer’s stock after selling 20,186 shares during the period. Pacer Advisors Inc.’s holdings in Boeing were worth $8,831,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. FAS Wealth Partners Inc. grew its holdings in Boeing by 37.3% in the first quarter. FAS Wealth Partners Inc. now owns 20,230 shares of the aircraft producer’s stock worth $4,026,000 after purchasing an additional 5,501 shares during the period. Pine Valley Investments Ltd Liability Co increased its stake in Boeing by 1.7% in the first quarter. Pine Valley Investments Ltd Liability Co now owns 7,713 shares of the aircraft producer’s stock valued at $1,535,000 after purchasing an additional 128 shares in the last quarter. Optiver Holding B.V. acquired a new position in shares of Boeing during the first quarter valued at about $886,000. Blue Edge Capital LLC raised its holdings in shares of Boeing by 1.3% during the first quarter. Blue Edge Capital LLC now owns 21,250 shares of the aircraft producer’s stock valued at $4,229,000 after purchasing an additional 272 shares during the period. Finally, First Nebraska Trust Co bought a new position in shares of Boeing during the 1st quarter worth about $539,000. 64.82% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
BA has been the subject of several research reports. Tigress Financial raised their target price on Boeing from $290.00 to $295.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. William Blair reaffirmed an “outperform” rating on shares of Boeing in a research note on Tuesday, July 28th. Btg Pactual set a $260.00 price target on Boeing in a report on Tuesday, July 14th. Citigroup raised their price objective on Boeing from $256.00 to $260.00 and gave the company a “buy” rating in a research note on Monday, May 18th. Finally, Royal Bank Of Canada decreased their price objective on Boeing from $275.00 to $265.00 and set an “outperform” rating for the company in a report on Wednesday, July 29th. One 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. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $272.44.
Boeing Stock Up 1.5%
Shares of NYSE BA opened at $237.08 on Wednesday. The stock has a market capitalization of $187.38 billion, a P/E ratio of 102.63 and a beta of 1.21. The company has a 50-day moving average price of $219.78 and a 200-day moving average price of $223.70. The Boeing Company has a 1 year low of $176.77 and a 1 year high of $254.35. The company has a debt-to-equity ratio of 6.77, a current ratio of 1.14 and a quick ratio of 0.33.
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 business had revenue of $24.56 billion during the quarter, compared to analyst estimates of $24.26 billion. During the same quarter in the prior year, the company earned ($1.24) EPS. The company’s revenue was up 8.0% on a year-over-year basis. On average, equities research analysts forecast that The Boeing Company will post -0.81 EPS for the current fiscal year.
Insider Buying and Selling
In related news, Director Bradley D. Tilden acquired 1,370 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was purchased at an average cost of $218.50 per share, with a total value of $299,345.00. Following the acquisition, the director owned 1,370 shares of the company’s stock, valued at approximately $299,345. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.10% of the company’s stock.
Key Stories Impacting Boeing
Here are the key news stories impacting Boeing this week:
- Positive Sentiment: 737 MAX 7 certification unlocks future revenue. The FAA’s approval ends nearly a decade of technical reviews and safety assessments, allowing Boeing to begin preparations for first deliveries of the smallest MAX variant. The aircraft adds capacity to Boeing’s best-selling narrowbody family and could begin contributing cash flow sooner than the lengthy development timeline might suggest. Federal Aviation Administration certifies Boeing 737 MAX 7
- Positive Sentiment: Wall Street sentiment improved. BNP Paribas analyst Matthew Akers raised Boeing’s rating from Sell to Buy, skipping a Hold rating, citing fading certification risks and the potential for a powerful cash-flow recovery. The upgrade, combined with the FAA decision, helped reinforce investor confidence in Boeing’s extended recovery. Boeing Stock Gets Rare Double Upgrade
- Positive Sentiment: Commercial aircraft demand remains supportive. Airlines are operating aging fleets amid strong travel demand, increasing the value of Boeing’s ability to raise narrowbody and widebody delivery rates. Boeing also delivered a 737 MAX to Tajikistan’s Somon Air, providing another indication of ongoing international demand. Somon Air Receives Its First Boeing 737 MAX Jet
- Neutral Sentiment: Revenue benefits will take time. Although certification clears the way for deliveries, airlines may need months to integrate the MAX 7 into flight schedules, and passengers are not expected to fly on the aircraft until 2027. This limits the immediate earnings impact. Boeing’s Smallest 737 Max Finally Wins FAA Certification
- Negative Sentiment: Defense-program execution remains a concern. Boeing’s recent earnings miss was attributed largely to roughly $280 million in charges tied to legacy fixed-price defense manufacturing. While investors largely looked past the miss because commercial demand and certification progress are improving, the charges highlight continuing margin and cash-flow risks outside the commercial-aircraft business. The $280 Million Reason Boeing Missed
About Boeing
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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