The Boeing Company $BA Stock Acquired by Inspire Trust Co. N.A.

Inspire Trust Co. N.A. boosted its holdings in The Boeing Company (NYSE:BA) by 23.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,500 shares of the aircraft producer’s stock after purchasing an additional 6,000 shares during the quarter. Inspire Trust Co. N.A.’s holdings in Boeing were worth $5,861,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Jupiter Topco LLC purchased a new stake in shares of Boeing in the second quarter valued at about $911,878,000. Bank of New York Mellon Corp acquired a new position in Boeing in the 2nd quarter valued at about $747,763,000. Legal & General Group Plc purchased a new stake in Boeing during the 2nd quarter valued at approximately $710,816,000. Deutsche Bank AG acquired a new stake in Boeing during the 2nd quarter worth approximately $539,456,000. Finally, Swiss National Bank grew its stake in shares of Boeing by 7.6% in the 1st quarter. Swiss National Bank now owns 2,298,077 shares of the aircraft producer’s stock valued at $457,386,000 after purchasing an additional 163,000 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Insider Buying and Selling

In other news, Director Mortimer J. Buckley purchased 5,820 shares of the stock in a transaction that occurred on Friday, October 30th. The shares were acquired at an average price of $171.55 per share, for a total transaction of $998,421.00. Following the acquisition, the director directly owned 10,250 shares in the company, valued at approximately $1,758,387.50. The trade was a 131.38% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven M. Mollenkopf acquired 2,950 shares of the company’s stock in a transaction that occurred on Friday, October 30th. The stock was purchased at an average cost of $173.03 per share, with a total value of $510,438.50. Following the completion of the purchase, the director directly owned 6,717 shares in the company, valued at $1,162,242.51. This represents a 78.31% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Scotiabank raised Boeing to an “outperform” rating in a report on Wednesday, October 28th. Citigroup lowered shares of Boeing from a “buy” rating to a “sell” rating in a research note on Tuesday, August 11th. Btg Pactual set a $260.00 price target on shares of Boeing in a research note on Tuesday, July 14th. Robert W. Baird cut their price target on shares of Boeing from $300.00 to $230.00 and set an “outperform” rating for the company in a report on Wednesday, October 28th. Finally, Argus upgraded shares of Boeing from a “hold” rating to a “buy” rating and set a $265.00 price objective for the company in a research report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Boeing presently has an average rating of “Moderate Buy” and a consensus target price of $247.88.

Key Headlines Impacting Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing recorded its strongest October aircraft orders since 1997, a sign of solid demand that could support its longer-term production backlog. Article: Boeing posts strongest October aircraft orders since 1997
• Neutral Sentiment: A Boeing executive said the company will stay close to the factory floor to obtain candid safety information. The focus on safety may support oversight, though the report gives no new operational changes or financial targets. Article: Boeing to stay close to factory floor for tough safety information, exec says
• Negative Sentiment: October jet deliveries fell 14% and were down from both the prior month and year-earlier period, trailing Airbus’s tally. Fewer deliveries can delay revenue and cash collection, making this a near-term execution concern despite strong orders. Article: Boeing jet deliveries drop 14% in October
• Negative Sentiment: Boeing plans to cut about 5% of its Commercial Airplanes workforce—roughly 2,500 employees—through layoffs and attrition. Management cited slower-than-expected production growth and overstaffing. The cuts may reduce costs, but they also underscore delays in ramping up aircraft output and weighed on sentiment. Article: Boeing to cut 5% of commercial airplane workforce as production increase is slower than expected

Boeing Stock Performance

NYSE:BA opened at $173.37 on Wednesday. The company has a quick ratio of 0.34, a current ratio of 1.13 and a debt-to-equity ratio of 6.31. The Boeing Company has a fifty-two week low of $165.01 and a fifty-two week high of $254.35. The stock has a market cap of $137.39 billion, a PE ratio of 18.86 and a beta of 1.34. The firm’s fifty day simple moving average is $190.95 and its 200-day simple moving average is $214.64.

Boeing (NYSE:BA) last announced its quarterly earnings results on Tuesday, October 27th. The aircraft producer reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.09). The company had revenue of $24.19 billion during the quarter, compared to analysts’ expectations of $23.95 billion. Boeing had a net margin of 7.98% and a negative return on equity of 42.40%. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($7.47) EPS. Analysts expect that The Boeing Company will post -1.84 earnings per share for the current fiscal year.

Boeing Profile

The Boeing Company is an aerospace manufacturer that designs, builds and supports commercial airplanes, defense products and space systems. Its commercial aircraft include the 737, 767, 777 and 787 families, which serve passenger and cargo operators around the world. Boeing’s defense, space and security business supplies military aircraft, helicopters, weapons, satellites and related systems, as well as services for government customers. Its Boeing Global Services business provides support such as maintenance, parts, training and logistics for commercial and government customers.