WNY Asset Management LLC Acquires Shares of 2,817 The Boeing Company $BA

WNY Asset Management LLC purchased a new stake in The Boeing Company (NYSE:BAFree Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,817 shares of the aircraft producer’s stock, valued at approximately $610,000.

Several other institutional investors and hedge funds have also made changes to their positions in BA. Jupiter Topco LLC acquired a new stake in shares of Boeing during the 2nd quarter worth about $911,878,000. Bank of New York Mellon Corp purchased a new stake in Boeing during the second quarter worth approximately $747,763,000. Legal & General Group Plc acquired a new position in Boeing in the second quarter valued at approximately $710,816,000. Deutsche Bank AG acquired a new position in Boeing in the second quarter valued at approximately $539,456,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Boeing in the second quarter valued at approximately $441,997,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Stock Down 1.1%

Boeing stock opened at $209.78 on Friday. The stock has a 50 day moving average of $220.87 and a two-hundred day moving average of $221.44. The Boeing Company has a twelve month low of $176.77 and a twelve month high of $254.35. The stock has a market capitalization of $165.81 billion, a price-to-earnings ratio of 90.82 and a beta of 1.21. The company has a current ratio of 1.14, a quick ratio of 0.33 and a debt-to-equity ratio of 6.77.

Boeing (NYSE:BAGet Free Report) last released its 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 company had revenue of $24.56 billion during the quarter, compared to analyst estimates of $24.26 billion. During the same period in the previous year, the firm posted ($1.24) EPS. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. As a group, research analysts expect that The Boeing Company will post -0.87 earnings per share for the current year.

Key Headlines Impacting Boeing

Here are the key news stories impacting Boeing this week:

  • Positive Sentiment: Boeing secured a sole-source F-15 sustainment contract with a potential ceiling of approximately $131.23 billion through 2037. The award strengthens Boeing’s long-term defense backlog, although the ceiling represents a maximum potential value rather than guaranteed revenue. Boeing’s $131B F-15 Win
  • Positive Sentiment: Boeing and RTX won a combined $766 million in B-52 modernization contracts, providing additional evidence of continued U.S. defense demand for Boeing’s products and services. Boeing, RTX Win B-52 Contracts
  • Positive Sentiment: Recent commentary portrays Boeing’s turnaround as progressing, with profitability and strong revenue growth expected as the company stabilizes production. Bernstein also initiated or reiterated a Buy rating, while valuation analysis suggested the shares could be undervalued after their recent decline. Boeing vs. Joby Aviation
  • Neutral Sentiment: Reports said President Trump purchased as much as $500,000 of Boeing stock on the same day the Navy awarded Boeing a contract worth up to $880 million. The purchase may attract attention, but it does not change Boeing’s underlying financial outlook. Trump Bought Boeing Stock
  • Negative Sentiment: Boeing has posted contractor openings for engineering and technical roles during a labor dispute with the SPEEA white-collar union. The move raises concerns about a potential strike, workforce disruption and additional execution risk. Boeing Posts Contract Jobs
  • Negative Sentiment: A Boeing quality manager publicly expressed serious concerns about the 787 and 737 MAX, reinforcing ongoing worries about manufacturing quality, regulatory scrutiny and production reliability. Boeing Quality Concerns
  • Negative Sentiment: Investors remain cautious because Boeing continues to carry substantial debt and faces commercial-aircraft headwinds. Commentary also questioned whether the $131 billion F-15 figure could translate into meaningful near-term cash flow, while the company’s decision to repurchase a business it previously sold highlighted concerns about capital allocation. Boeing F-15 Contract Ceiling

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. BNP Paribas Exane upgraded shares of Boeing from an “underperform” rating to an “outperform” rating and boosted their price objective for the stock from $230.00 to $300.00 in a research report on Monday, August 3rd. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Boeing in a research report on Tuesday, July 21st. Robert W. Baird set a $300.00 price target on shares of Boeing in a research note on Wednesday, July 29th. Citigroup cut shares of Boeing from a “buy” rating to a “sell” rating in a research report on Tuesday, August 11th. Finally, UBS Group began coverage on shares of Boeing in a research note on Tuesday, August 11th. They issued a “buy” rating for the company. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $272.58.

Read Our Latest Stock Analysis on Boeing

Boeing Company Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding BA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Boeing Company (NYSE:BAFree Report).

Institutional Ownership by Quarter for Boeing (NYSE:BA)

Receive News & Ratings for Boeing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing and related companies with MarketBeat.com's FREE daily email newsletter.