New Mexico Educational Retirement Board increased its stake in The Boeing Company (NYSE:BA – Free Report) by 13.3% in the second quarter, Holdings Channel.com reports. The institutional investor owned 39,095 shares of the aircraft producer’s stock after purchasing an additional 4,600 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Boeing were worth $8,463,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the stock. Mufg Securities Americas Inc. raised its holdings in shares of Boeing by 9.3% during the 2nd quarter. Mufg Securities Americas Inc. now owns 23,743 shares of the aircraft producer’s stock valued at $5,140,000 after buying an additional 2,012 shares during the period. Field & Main Bank purchased a new position in Boeing in the 2nd quarter worth approximately $137,000. Archer Investment Corp acquired a new stake in Boeing in the second quarter valued at approximately $984,000. Kingsview Wealth Management LLC purchased a new stake in shares of Boeing during the second quarter valued at approximately $5,471,000. Finally, Henson Edgewater Management LLC purchased a new stake in shares of Boeing during the second quarter valued at approximately $3,964,000. Institutional investors and hedge funds own 64.82% of the company’s stock.
Wall Street Analysts Forecast Growth
BA has been the subject of several analyst reports. Argus upgraded shares of Boeing from a “hold” rating to a “buy” rating and set a $265.00 target price for the company in a research note on Tuesday, August 11th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Boeing in a report on Tuesday, July 21st. Citigroup downgraded Boeing from a “buy” rating to a “sell” rating in a research note on Tuesday, August 11th. Tigress Financial lifted 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. Finally, Btg Pactual set a $260.00 price target on Boeing in a research note on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $272.58.
Key Headlines Impacting Boeing
Here are the key news stories impacting Boeing this week:
- Positive Sentiment: Boeing expanded and extended its credit facilities, including a new 364-day agreement with a lender syndicate. The move should improve near-term liquidity and financial flexibility, although it also underscores the company’s substantial funding needs. Boeing Expands and Extends Credit Facilities to Bolster Liquidity
- Positive Sentiment: The Pentagon awarded Boeing a sole-source F-15 sustainment contract with a potential ceiling of roughly $131.2 billion through 2037. The headline figure strengthens Boeing’s defense backlog, though only a smaller portion has been obligated so far, limiting the immediate financial impact. Boeing’s $131B F-15 Win
- Positive Sentiment: GE Aerospace’s LEAP engine deliveries rose sharply this year. Higher engine availability is important for Boeing because engine supply remains a bottleneck to increasing 737 and other aircraft deliveries, revenue recognition, and cash generation. GE Aerospace’s LEAP Engine Deliveries Jumped 41%
- Neutral Sentiment: Analysts continue to view Boeing and other defense contractors as beneficiaries of elevated military spending, strong backlogs, and geopolitical demand. However, comparisons with General Dynamics highlight Boeing’s execution, debt, and profitability challenges. BA vs. GD: Which Defense Contractor Has Stronger Growth Prospects?
- Negative Sentiment: Boeing engineers and technical workers overwhelmingly rejected a four-year contract proposal and authorized a strike, raising the risk of higher labor costs, production disruption, and delays to commercial-aircraft recovery. Negotiators are scheduled to resume talks Monday. Boeing and Union Negotiators to Meet Monday
- Negative Sentiment: Boeing has reportedly posted contractor openings for engineering and technical positions as the labor dispute escalates. The apparent preparation for replacement or contingency staffing increases uncertainty and may further strain relations with the union. Boeing Posts Contract Jobs in Labor Dispute
- Negative Sentiment: Investor commentary continues to flag Boeing’s heavy debt burden and the risk that large contract ceilings may not translate into near-term cash flow. Financing actions and elevated valuation make execution particularly important for BA.
Boeing Stock Down 0.0%
Shares of NYSE:BA opened at $209.84 on Friday. The company has a current ratio of 1.14, a quick ratio of 0.33 and a debt-to-equity ratio of 6.77. The company has a fifty day simple moving average of $220.60 and a 200 day simple moving average of $221.36. The firm has a market cap of $165.85 billion, a PE ratio of 90.84 and a beta of 1.21. The Boeing Company has a 12-month low of $176.77 and a 12-month high of $254.35.
Boeing (NYSE:BA – Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The aircraft producer reported ($0.76) EPS for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.42). The company had revenue of $24.56 billion for the quarter, compared to the consensus estimate of $24.26 billion. Boeing had a net margin of 2.41% and a negative return on equity of 346.82%. The company’s revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the company earned ($1.24) earnings per share. On average, equities research analysts anticipate that The Boeing Company will post -0.87 EPS for the current fiscal year.
Boeing 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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