Allworth Financial LP increased its stake in The Boeing Company (NYSE:BA – Free Report) by 7.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 42,075 shares of the aircraft producer’s stock after acquiring an additional 3,073 shares during the quarter. Allworth Financial LP’s holdings in Boeing were worth $9,081,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in the stock. Revolve Wealth Partners LLC acquired a new stake in shares of Boeing in the fourth quarter valued at about $201,000. Sivia Capital Partners LLC raised its position in shares of Boeing by 16.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,529 shares of the aircraft producer’s stock worth $320,000 after purchasing an additional 217 shares during the last quarter. Rovida Advisors Inc. purchased a new position in Boeing in the 2nd quarter valued at about $129,231,000. United Advisor Group LLC acquired a new stake in Boeing in the 2nd quarter worth about $296,000. Finally, Wealthspire Advisors LLC increased its stake in Boeing by 3.4% during the 2nd quarter. Wealthspire Advisors LLC now owns 15,085 shares of the aircraft producer’s stock worth $3,161,000 after buying an additional 496 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on BA shares. Citigroup reissued a “buy” rating on shares of Boeing in a report on Thursday, February 5th. TD Cowen reiterated a “buy” rating on shares of Boeing in a research report on Wednesday, January 28th. Royal Bank Of Canada increased their price objective on Boeing from $265.00 to $275.00 and gave the company an “outperform” rating in a research note on Wednesday, January 28th. Weiss Ratings upgraded Boeing from a “sell (d-)” rating to a “hold (c-)” rating in a report on Wednesday, February 4th. Finally, Argus raised shares of Boeing to a “hold” rating in a research note on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $246.82.
Boeing Price Performance
NYSE:BA opened at $201.36 on Friday. The Boeing Company has a one year low of $128.88 and a one year high of $254.35. The stock has a market cap of $158.14 billion, a PE ratio of 100.18 and a beta of 1.14. The company has a debt-to-equity ratio of 8.37, a quick ratio of 0.40 and a current ratio of 1.19. The stock has a 50 day moving average price of $233.56 and a 200 day moving average price of $218.63.
Boeing (NYSE:BA – Get Free Report) last released its quarterly earnings data on Tuesday, January 27th. The aircraft producer reported $9.92 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.40) by $10.32. The company had revenue of $23.95 billion for the quarter, compared to analyst estimates of $22.41 billion. The business’s quarterly revenue was up 57.1% on a year-over-year basis. During the same period last year, the firm posted ($5.90) EPS. Equities research analysts expect that The Boeing Company will post -2.58 EPS for the current fiscal year.
Boeing News Roundup
Here are the key news stories impacting Boeing this week:
- Positive Sentiment: Tigress Financial raised its price target on BA to $290 and reiterated a “buy” rating, signaling sizable upside expectations from that shop and supporting bullish investor sentiment. Tigress Raises Target (Benzinga)
- Positive Sentiment: Ryanair’s CEO said he expects Boeing MAX 10 certification in Q3 and deliveries to begin on time early next year, which eases near‑term delivery concerns for that variant and supports commercial backlog visibility. Ryanair Expects MAX 10 On Time (Reuters)
- Positive Sentiment: The FAA has cleared Boeing’s 777‑9 to advance to the fourth phase of certification testing, a constructive regulatory step for the long‑delayed widebody program and future revenue potential. FAA Clears 777‑9 to Next Stage (Reuters)
- Positive Sentiment: Boeing won a ~$489M contract from the U.S. Naval Air Systems Command, bolstering near‑term defense revenue and cashflow visibility. $489M Naval Contract (Yahoo)
- Neutral Sentiment: Analysts at Bank of America note production ramps and defense upside but warn of near‑term margin pressure as Boeing absorbs Spirit AeroSystems; that frames a mixed but watchable outlook. BofA Outlook (Benzinga)
- Negative Sentiment: Boeing told investors the war involving Iran will likely slow commercial production, creating delivery delays and near‑term cashflow/throughput risk — a direct headwind to revenue timing. Iran War May Slow Production (TipRanks)
- Negative Sentiment: Boeing warned commercial‑division profit recovery is delayed (now pushing profit toward 2027) as Spirit integration adds unexpected costs and margins are pressured this year. That lowers near‑term earnings visibility. Commercial Profit Delayed to 2027 (MSN)
- Negative Sentiment: A judge allowed a class action by shareholders over 737 MAX safety issues to proceed, increasing potential legal and reputational risk for Boeing. Shareholders’ Class Action Allowed (Globe and Mail)
- Negative Sentiment: Atlas Air’s order for Airbus A350 freighters signals competitive pressure in the cargo widebody market and questions about Boeing’s 777‑8F timeline, which could hurt future freighter sales momentum. Atlas Air Moves Toward Airbus (Yahoo)
Insider Buying and Selling
In related news, EVP Howard E. Mckenzie sold 10,497 shares of the firm’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $233.99, for a total transaction of $2,456,193.03. Following the completion of the sale, the executive vice president directly owned 14,692 shares in the company, valued at approximately $3,437,781.08. This trade represents a 41.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mortimer J. Buckley bought 2,230 shares of Boeing stock in a transaction on Tuesday, March 3rd. The shares were purchased at an average cost of $224.20 per share, for a total transaction of $499,966.00. Following the completion of the purchase, the director directly owned 4,430 shares of the company’s stock, valued at $993,206. This trade represents a 101.36% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have sold 21,012 shares of company stock worth $4,980,687 in the last quarter. 0.10% of the stock is currently owned by insiders.
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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