Evanson Financial LLC Acquires New Position in The Boeing Company $BA

Evanson Financial LLC bought a new position in shares of The Boeing Company (NYSE:BA) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,389 shares of the aircraft producer’s stock, valued at approximately $517,000.

Several other institutional investors also recently bought and sold shares of BA. Princeton Capital Management LLC lifted its position in Boeing by 78.3% during the fourth quarter. Princeton Capital Management LLC now owns 12,249 shares of the aircraft producer’s stock worth $2,660,000 after buying an additional 5,381 shares during the period. Rakuten Investment Management Inc. lifted its holdings in shares of Boeing by 502.3% during the 4th quarter. Rakuten Investment Management Inc. now owns 103,099 shares of the aircraft producer’s stock worth $22,398,000 after acquiring an additional 85,982 shares during the period. Louisiana State Employees Retirement System acquired a new stake in shares of Boeing in the first quarter worth approximately $7,961,000. Patriot Financial Group Insurance Agency LLC grew its holdings in Boeing by 103.8% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 11,240 shares of the aircraft producer’s stock valued at $2,237,000 after purchasing an additional 5,726 shares during the period. Finally, Deutsche Bank AG increased its position in Boeing by 47.5% during the fourth quarter. Deutsche Bank AG now owns 2,376,243 shares of the aircraft producer’s stock worth $515,930,000 after purchasing an additional 765,197 shares during 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 weighed in on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of Boeing in a report on Tuesday, July 21st. JPMorgan Chase & Co. lifted their target price on Boeing from $270.00 to $290.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. BNP Paribas Exane raised Boeing from an “underperform” rating to an “outperform” rating and boosted their price target for the company from $230.00 to $300.00 in a research report on Monday. Btg Pactual set a $260.00 price target on Boeing in a research note on Tuesday, July 14th. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of Boeing in a report on Tuesday. 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 assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $273.00.

Boeing News Summary

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: The FAA approved Boeing’s 737 MAX 7 for commercial service after a lengthy certification process. The approval allows Boeing to begin delivering completed aircraft and removes a major bottleneck for its backlog, supporting expectations for higher revenue, deliveries and cash generation. Boeing Wins 737 MAX 7 Approval
• Positive Sentiment: Analyst optimism is providing another tailwind. Tigress Financial raised its price target on BA from $295 to $305 and reiterated a “buy” rating, citing the company’s operational acceleration and the potential benefits of the MAX 7 rollout. Boeing Price Target Raised
• Positive Sentiment: Recent coverage points to improving production, deliveries and cash-flow prospects as Boeing moves past manufacturing disruptions and regulatory restrictions. Jim Cramer’s earlier bullish view on a turnaround is being highlighted after BA’s recent rally, although his comments are primarily sentiment-driven rather than a new fundamental catalyst. Jim Cramer on Boeing
• Neutral Sentiment: BA has gained roughly 8% this week following the MAX 7 approval, but its longer-term performance remains more muted. At about $234, the stock is near the upper portion of its 52-week range, with a forward-looking turnaround narrative already reflected in a high valuation.
• Negative Sentiment: The FAA ordered inspections of 471 737-8, 737-9 and 737-8200 aircraft after identifying possible cracks near a service-door structural reinforcement. Boeing supports the directive and says the issue has not been observed in the MAX fleet, but required inspections and any repairs could increase costs, delay aircraft and revive concerns about Boeing’s quality controls. FAA Probe Into Boeing 737 Jets

Insider Activity

In related news, Director Bradley D. Tilden bought 1,370 shares of the stock in a transaction dated Wednesday, May 20th. The stock was acquired at an average price of $218.50 per share, for a total transaction of $299,345.00. Following the completion of the purchase, the director owned 1,370 shares in the company, valued at $299,345. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.10% of the company’s stock.

Boeing Price Performance

BA opened at $234.48 on Friday. The Boeing Company has a 52-week low of $176.77 and a 52-week high of $254.35. The company has a 50 day moving average of $220.24 and a two-hundred day moving average of $223.61. The company has a market cap of $185.33 billion, a P/E ratio of 101.51 and a beta of 1.21. The company has a quick ratio of 0.33, a current ratio of 1.14 and a debt-to-equity ratio of 6.77.

Boeing (NYSE:BA) last issued its earnings results 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 business had revenue of $24.56 billion during the quarter, compared to analysts’ expectations of $24.26 billion. Boeing had a net margin of 2.41% and a negative return on equity of 346.82%. The business’s revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the business posted ($1.24) EPS. On average, analysts expect that The Boeing Company will post -0.88 earnings per share for the current year.

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.