Prospect Financial Services LLC Invests $8.97 Million in The Boeing Company $BA

Prospect Financial Services LLC acquired a new stake in The Boeing Company (NYSE:BA) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 41,428 shares of the aircraft producer’s stock, valued at approximately $8,968,000. Boeing accounts for 4.5% of Prospect Financial Services LLC’s portfolio, making the stock its 7th biggest holding.

Several other hedge funds and other institutional investors have also modified their holdings of BA. Vanguard Group Inc. boosted its holdings in Boeing by 5.1% in the 4th quarter. Vanguard Group Inc. now owns 70,989,438 shares of the aircraft producer’s stock valued at $15,413,227,000 after purchasing an additional 3,460,021 shares during the period. Alyeska Investment Group L.P. grew its position in Boeing by 245.7% in the 4th quarter. Alyeska Investment Group L.P. now owns 2,252,450 shares of the aircraft producer’s stock worth $489,052,000 after purchasing an additional 1,600,909 shares during the last quarter. Janus Henderson Group PLC grew its position in Boeing by 43.1% in the 4th quarter. Janus Henderson Group PLC now owns 3,907,876 shares of the aircraft producer’s stock worth $840,204,000 after purchasing an additional 1,176,074 shares during the last quarter. Viking Global Investors LP increased its holdings in shares of Boeing by 31.3% during the 4th quarter. Viking Global Investors LP now owns 3,953,087 shares of the aircraft producer’s stock worth $858,294,000 after purchasing an additional 942,536 shares during the period. Finally, Diamant Asset Management Inc. increased its holdings in shares of Boeing by 19,623.0% during the 1st quarter. Diamant Asset Management Inc. now owns 872,348 shares of the aircraft producer’s stock worth $173,623,000 after purchasing an additional 867,925 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Price Performance

NYSE:BA opened at $231.50 on Friday. The company has a 50-day moving average of $221.70 and a 200-day moving average of $222.97. The company has a market capitalization of $182.97 billion, a price-to-earnings 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 company has a debt-to-equity ratio of 6.77, a quick ratio of 0.33 and a current ratio of 1.14.

Boeing (NYSE:BA) last issued its earnings results on Tuesday, July 28th. The aircraft producer reported ($0.76) earnings per share for the quarter, missing the consensus estimate of ($0.34) by ($0.42). The business had revenue of $24.56 billion for the quarter, compared to analyst estimates of $24.26 billion. Boeing had a net margin of 2.41% and a negative return on equity of 346.82%. Boeing’s revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the firm posted ($1.24) earnings per share. As a group, equities research analysts anticipate that The Boeing Company will post -0.87 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on BA. Btg Pactual set a $260.00 target price on shares of Boeing in a research note on Tuesday, July 14th. Tigress Financial boosted their price target on Boeing from $295.00 to $305.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. JPMorgan Chase & Co. boosted their price target on Boeing from $270.00 to $290.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Royal Bank Of Canada cut their price target on Boeing from $275.00 to $265.00 and set an “outperform” rating for the company in a report on Wednesday, July 29th. Finally, Barclays downgraded Boeing from an “equal weight” rating to an “underweight” rating in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $272.58.

Insider Buying and Selling

In related news, Director Bradley D. Tilden acquired 1,370 shares of the firm’s stock in a transaction on Wednesday, May 20th. The shares were bought at an average cost 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 of the company’s stock, valued at $299,345. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

Key Headlines 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

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.