SCS Capital Management LLC Buys New Stake in The Boeing Company $BA

SCS Capital Management LLC purchased a new position in shares of The Boeing Company (NYSE:BA) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 38,423 shares of the aircraft producer’s stock, valued at approximately $8,317,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Purus Wealth Management LLC grew its holdings in shares of Boeing by 3.6% during the fourth quarter. Purus Wealth Management LLC now owns 1,177 shares of the aircraft producer’s stock worth $256,000 after purchasing an additional 41 shares during the last quarter. XML Financial LLC lifted its holdings in shares of Boeing by 0.5% in the 4th quarter. XML Financial LLC now owns 8,905 shares of the aircraft producer’s stock valued at $1,933,000 after purchasing an additional 43 shares during the last quarter. Global Financial Private Client LLC boosted its position in shares of Boeing by 1.1% in the 4th quarter. Global Financial Private Client LLC now owns 4,025 shares of the aircraft producer’s stock valued at $874,000 after purchasing an additional 44 shares during the period. North Star Investment Management Corp. boosted its position in shares of Boeing by 1.6% in the 4th quarter. North Star Investment Management Corp. now owns 2,833 shares of the aircraft producer’s stock valued at $615,000 after purchasing an additional 44 shares during the period. Finally, Strait & Sound Wealth Management LLC grew its stake in Boeing by 1.1% during the 4th quarter. Strait & Sound Wealth Management LLC now owns 3,915 shares of the aircraft producer’s stock worth $850,000 after buying an additional 44 shares during the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: The Pentagon signed framework agreements with Boeing and RTX to increase production of components for SM-3 Block IIA and Block IB interceptor missiles. The seven-year arrangements could provide greater visibility for Boeing’s defense business and support incremental revenue, helping drive the stock higher. Pentagon signs deals with Boeing and RTX
• Positive Sentiment: Boeing is selling Wisk Aero, Insitu and SkyGrid to Archer Aviation in an all-stock transaction that gives Boeing an approximately 20% stake in Archer. Analysts view the deal as a way to exit a struggling, non-core air-taxi operation while retaining exposure to autonomy and electric-aircraft technologies, potentially sharpening Boeing’s turnaround focus. Boeing’s Wisk sale and portfolio strategy
• Positive Sentiment: Avolon agreed to lease up to seven Boeing 737-8200 aircraft to India’s Akasa Air. The transaction supports continued demand for Boeing’s narrow-body aircraft in one of the aviation industry’s fastest-growing markets. Avolon and Akasa Air 737 transaction
• Neutral Sentiment: Odysight.ai received a Boeing purchase order and will demonstrate AI-powered predictive-maintenance technology at two Boeing sites. The initiative could improve future maintenance capabilities and create supplier opportunities, but its immediate financial impact on BA is expected to be limited. Odysight.ai Boeing purchase order
• Neutral Sentiment: JLL is considering Boeing’s former Chicago headquarters for a potential global headquarters move. The move could benefit Boeing through property monetization or reduced real-estate obligations, though no transaction has been finalized. JLL considers Boeing’s former headquarters

Insider Activity

In related news, Director Bradley D. Tilden bought 1,370 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were acquired at an average price of $218.50 per share, with a total value of $299,345.00. Following the completion of the acquisition, the director owned 1,370 shares in the company, valued at approximately $299,345. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.10% of the company’s stock.

Boeing Stock Performance

Shares of BA stock opened at $231.50 on Monday. The stock has a market capitalization of $182.97 billion, a PE ratio of 100.21 and a beta of 1.21. The Boeing Company has a 52-week low of $176.77 and a 52-week high of $254.35. The stock’s 50-day moving average price is $221.70 and its 200 day moving average price is $222.79. 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 posted its quarterly earnings data on Tuesday, July 28th. The aircraft producer reported ($0.76) EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $24.26 billion. During the same period in the prior year, the company earned ($1.24) earnings per share. The firm’s revenue was up 8.0% on a year-over-year basis. As a group, equities research analysts forecast that The Boeing Company will post -0.87 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on BA shares. Citigroup lowered Boeing from a “buy” rating to a “sell” rating in a research report on Tuesday, August 11th. Sanford C. Bernstein assumed coverage on shares of Boeing in a research report on Tuesday, August 11th. They set an “outperform” rating on the stock. JPMorgan Chase & Co. lifted their target price on shares of 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 shares of Boeing from an “underperform” rating to an “outperform” rating and lifted their target price for the company from $230.00 to $300.00 in a report on Monday, August 3rd. Finally, Argus upgraded shares of Boeing from a “hold” rating to a “buy” rating and set a $265.00 price target for the company in a research report on Tuesday, August 11th. 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 given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $272.58.

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.