Wealthfront Advisers LLC purchased a new position in shares of The Boeing Company (NYSE:BA – Free Report) in the second quarter, HoldingsChannel reports. The institutional investor purchased 80,197 shares of the aircraft producer’s stock, valued at approximately $17,360,000.
Several other hedge funds also recently modified their holdings of BA. Strategic Wealth Advisors LLC acquired a new stake in shares of Boeing in the second quarter worth $27,000. Main Street Financial Solutions LLC increased its position in Boeing by 15.6% during the second quarter. Main Street Financial Solutions LLC now owns 1,462 shares of the aircraft producer’s stock worth $316,000 after acquiring an additional 197 shares during the period. First National Bank of Omaha acquired a new position in Boeing during the 2nd quarter valued at $663,000. Navigoe LLC acquired a new position in Boeing during the 2nd quarter valued at $149,000. Finally, Element Pointe Advisors LLC bought a new stake in Boeing in the 2nd quarter valued at $204,000. 64.82% of the stock is owned by institutional investors.
More Boeing News
Here are the key news stories impacting Boeing this week:
- Positive Sentiment: Boeing received a $75 million U.S. Air Force contract for Air Force One spare parts. Although modest relative to Boeing’s overall business, the award supports its defense and government-services backlog. Air Force One parts contract
- Positive Sentiment: United Launch Alliance, Boeing’s joint venture with Lockheed Martin, reportedly completed a $1.5 billion private bond offering—triple its original target. The financing could support ULA’s launch operations and growth, though the debt is at the venture level rather than a direct Boeing contract. Boeing-Lockheed ULA bond offering
- Neutral Sentiment: Boeing appointed Celso Ferrer to lead its Latin America and Caribbean operations. His regional airline and safety experience could help rebuild customer relationships and expand commercial opportunities, but the financial impact is likely longer term. Boeing Latin America leadership appointment
- Negative Sentiment: The U.S. Army temporarily grounded Apache helicopters after a fatal crash near Fort Hood that killed two service members. Boeing manufactures the Apache, and the stand-down increases concerns about program reliability, potential investigations and delivery delays. Apache helicopter grounding
- Negative Sentiment: A new Netflix documentary revisits the 737 MAX tragedies and alleges that a profits-over-quality culture contributed to Boeing’s safety failures. Renewed scrutiny of whistleblower claims may weigh on the company’s reputation, regulatory risk and future aircraft demand. Freefall documentary review
- Negative Sentiment: Recent second-quarter results showed revenue growth of 8% year over year to $24.56 billion, but Boeing missed the consensus EPS estimate. With a high P/E ratio, substantial debt and continued execution challenges, investors remain sensitive to further setbacks. Boeing second-quarter earnings comparison
Boeing Price Performance
Boeing (NYSE:BA – Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The aircraft producer reported ($0.76) earnings per share for the quarter, missing the consensus estimate of ($0.34) by ($0.42). Boeing had a negative return on equity of 346.82% and a net margin of 2.41%.The firm had revenue of $24.56 billion for the quarter, compared to analyst estimates of $24.26 billion. During the same period in the previous year, the business posted ($1.24) EPS. The business’s quarterly revenue was up 8.0% on a year-over-year basis. On average, equities analysts anticipate that The Boeing Company will post -0.87 EPS for the current fiscal year.
Analyst Ratings Changes
BA has been the topic of several research analyst reports. Robert W. Baird set a $300.00 price target on shares of Boeing in a research report on Wednesday, July 29th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Boeing in a research report on Tuesday, July 21st. JPMorgan Chase & Co. increased their target price on shares of Boeing from $270.00 to $290.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. The Goldman Sachs Group downgraded Boeing from a “buy” rating to a “hold” rating in a research report on Tuesday, August 11th. Finally, Morgan Stanley boosted their price target on Boeing from $245.00 to $250.00 and gave the company an “equal weight” rating in a research note on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $272.58.
Check Out Our Latest 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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