Syntax Research Inc. Has $957,000 Stock Position in The Boeing Company $BA

Syntax Research Inc. reduced its holdings in shares of The Boeing Company (NYSE:BA) by 60.3% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 4,423 shares of the aircraft producer’s stock after selling 6,732 shares during the quarter. Boeing comprises approximately 0.7% of Syntax Research Inc.’s holdings, making the stock its 23rd biggest position. Syntax Research Inc.’s holdings in Boeing were worth $957,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Princeton Capital Management LLC increased its holdings in shares of 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 in the last quarter. Rakuten Investment Management Inc. lifted its holdings in Boeing by 502.3% in the fourth quarter. Rakuten Investment Management Inc. now owns 103,099 shares of the aircraft producer’s stock valued at $22,398,000 after buying an additional 85,982 shares during the period. Louisiana State Employees Retirement System acquired a new position in shares of Boeing during the 1st quarter valued at $7,961,000. Patriot Financial Group Insurance Agency LLC lifted its holdings in shares of Boeing by 103.8% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 11,240 shares of the aircraft producer’s stock worth $2,237,000 after purchasing an additional 5,726 shares in the last quarter. Finally, Deutsche Bank AG boosted its stake in Boeing by 47.5% during the 4th quarter. Deutsche Bank AG now owns 2,376,243 shares of the aircraft producer’s stock valued at $515,930,000 after purchasing an additional 765,197 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Price Performance

Shares of Boeing stock opened at $210.54 on Friday. The company’s fifty day simple moving average is $219.73 and its two-hundred day simple moving average is $220.29. The Boeing Company has a 12-month low of $176.77 and a 12-month high of $254.35. The firm has a market cap of $166.40 billion, a PE ratio of 91.14 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 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). The firm 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 business’s revenue was up 8.0% on a year-over-year basis. During the same period last year, the company posted ($1.24) earnings per share. As a group, equities analysts expect that The Boeing Company will post -0.87 EPS for the current year.

More Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Analyst support strengthened after Argus upgraded Boeing to Buy, citing its large backlog, revenue growth, improving margins and a second-quarter cash-flow turnaround. Q2 Cash Flow Turnaround Supports Boeing’s Rating Upgrade by Argus
• Positive Sentiment: Billionaire investors David Tepper and Paul Tudor Jones reportedly established Boeing positions, signaling that some institutional investors see value in a longer-term turnaround despite weak technical momentum. What Do Tepper, Tudor See in Boeing That the Market Doesn’t?
• Positive Sentiment: Albany International extended its agreement to manufacture composite fuselage frames for Boeing’s 787, supporting ongoing Dreamliner production and the supplier ecosystem. Albany Engineered Composites Secures Contract Extension on Boeing 787 Components
• Positive Sentiment: Boeing delivered the final round of mPower satellites, a positive operational milestone for its space business, which has faced execution challenges in the past. Boeing Delivers Final Round of mPower Satellites
• Positive Sentiment: Commercial-aircraft demand prospects remain constructive: Boeing projects substantial growth in Africa’s fleet by 2045, while Ethiopian Airlines is reportedly nearing an order for as many as 10 long-haul freighters. Ethiopian Airlines Nears Boeing Cargo Plane Order

Analyst Ratings Changes

BA has been the topic of several recent analyst reports. Citigroup cut shares of Boeing from a “buy” rating to a “sell” rating in a research report on Tuesday, August 11th. Argus upgraded Boeing from a “hold” rating to a “buy” rating and set a $265.00 price objective on the stock in a research report on Tuesday, August 11th. Royal Bank Of Canada decreased their price target on shares of Boeing from $275.00 to $265.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 29th. William Blair restated an “outperform” rating on shares of Boeing in a report on Tuesday, July 28th. Finally, Wolfe Research cut shares of Boeing from an “outperform” rating to a “hold” rating in a research note on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $272.58.

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.