The Boeing Company $BA Position Lessened by Investment House LLC

Investment House LLC cut its position in shares of The Boeing Company (NYSE:BA) by 82.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,345 shares of the aircraft producer’s stock after selling 10,960 shares during the period. Investment House LLC’s holdings in Boeing were worth $436,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Highland Investment Advisors LLC purchased a new position in Boeing in the second quarter valued at $26,000. Strategic Wealth Advisors LLC acquired a new position in shares of Boeing in the second quarter worth about $27,000. Retirement Wealth Solutions LLC boosted its stake in shares of Boeing by 3,575.0% during the 3rd quarter. Retirement Wealth Solutions LLC now owns 147 shares of the aircraft producer’s stock worth $27,000 after acquiring an additional 143 shares in the last quarter. Bell Investment Advisors Inc purchased a new stake in shares of Boeing during the 2nd quarter worth about $29,000. Finally, Security National Bank of SO Dak purchased a new position in Boeing during the second quarter worth approximately $30,000. 64.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BA has been the topic of a number of recent analyst reports. Royal Bank Of Canada decreased their target price on Boeing from $265.00 to $235.00 and set an “outperform” rating on the stock in a research report on Thursday, October 15th. Morgan Stanley reduced their price objective on shares of Boeing from $250.00 to $225.00 and set an “equal weight” rating for the company in a research report on Friday, October 16th. Wolfe Research raised shares of Boeing from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 24th. William Blair reaffirmed an “outperform” rating on shares of Boeing in a report on Wednesday, September 30th. Finally, Rothschild & Co Redburn lifted their target price on shares of Boeing from $260.00 to $285.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, Boeing has a consensus rating of “Moderate Buy” and a consensus price target of $266.96.

Boeing Trading Up 0.4%

Shares of BA opened at $188.36 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 quick ratio of 0.33, a current ratio of 1.14 and a debt-to-equity ratio of 6.77. The firm’s fifty day moving average is $200.75 and its two-hundred day moving average is $215.14. The stock has a market cap of $148.87 billion, a PE ratio of 81.54 and a beta of 1.26.

Boeing (NYSE:BA) last released its earnings results on Tuesday, July 28th. The aircraft producer reported ($0.76) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.42). The business had revenue of $24.56 billion for the quarter, compared to analysts’ expectations of $24.26 billion. Boeing had a negative return on equity of 346.82% and a net margin of 2.41%. Boeing’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the company earned ($1.24) EPS. Research analysts forecast that The Boeing Company will post -1.08 earnings per share for the current fiscal year.

Key Headlines Impacting Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: The FAA has granted final certification for Boeing’s long-delayed 737 MAX 10, removing a significant hurdle for deliveries and allowing the aircraft to compete more directly with Airbus’ A321neo. The approval could support Boeing’s backlog, revenue, cash flow, and long-term competitiveness. Boeing wins FAA certification for 737 MAX 10
• Positive Sentiment: Analysts and investors expect the MAX 10 approval, rising aircraft deliveries, and stronger commercial-services demand to improve earnings and support Boeing’s turnaround. A production recovery could also improve margins across the aerospace supply chain. Great News for Boeing Investors
• Positive Sentiment: GA-ASI, a General Atomics business, is partnering with Spirit Defense, a Boeing company, to support airframe production for the FQ-42 Vengeance Collaborative Combat Aircraft. The relationship highlights potential defense-manufacturing activity for Boeing-affiliated operations, although the financial impact was not disclosed. GA-ASI Partnering With Spirit Defense For FQ-42 CCA Production
• Neutral Sentiment: Boeing is scheduled to report third-quarter results before the market opens on October 27. Investors will focus on deliveries, free cash flow, MAX production, services demand, and management’s guidance for the recovery. Boeing Stock Preps the Runway Ahead of Earnings
• Negative Sentiment: Despite the certification win, investors remain concerned about Boeing’s high debt burden, weak liquidity metrics, supply-chain delays, negative returns on invested capital, and the company’s ability to convert production growth into sustainable cash flow. What’s Going on With Boeing Shares on Friday?

Boeing Profile

The Boeing Company (NYSE: BA) is a global aerospace company that designs, manufactures and supports commercial airplanes, military aircraft, satellites, space systems and related products and services. Its offerings serve airlines, government agencies, defense organizations and other customers worldwide.

Boeing operates through three principal business areas: Commercial Airplanes, which develops and produces passenger and cargo aircraft; Defense, Space & Security, which provides military aircraft, weapons systems, satellites and space-related platforms; and Global Services, which offers parts, maintenance, training, engineering and other lifecycle support.

Founded in 1916 by William Boeing, the company has grown into one of the world’s major aerospace manufacturers.