Sapient Capital LLC Takes Position in The Boeing Company $BA

Sapient Capital LLC purchased a new position in shares of The Boeing Company (NYSE:BA) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,349 shares of the aircraft producer’s stock, valued at approximately $468,000.

Several other hedge funds have also recently added to or reduced their stakes in BA. Vanguard Group Inc. grew its holdings in shares of Boeing by 5.1% during the fourth quarter. Vanguard Group Inc. now owns 70,989,438 shares of the aircraft producer’s stock worth $15,413,227,000 after buying an additional 3,460,021 shares in the last quarter. Newport Trust Company LLC boosted its position in Boeing by 1.0% during the fourth quarter. Newport Trust Company LLC now owns 29,485,294 shares of the aircraft producer’s stock worth $6,401,847,000 after acquiring an additional 286,848 shares during the last quarter. Geode Capital Management LLC grew its stake in Boeing by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 17,025,435 shares of the aircraft producer’s stock valued at $3,679,592,000 after acquiring an additional 533,753 shares in the last quarter. Fisher Asset Management LLC raised its holdings in Boeing by 2.5% in the 4th quarter. Fisher Asset Management LLC now owns 5,640,900 shares of the aircraft producer’s stock valued at $1,224,752,000 after acquiring an additional 135,860 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Boeing by 3.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,370,415 shares of the aircraft producer’s stock worth $948,905,000 after purchasing an additional 138,469 shares in the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Price Performance

Shares of BA opened at $237.08 on Wednesday. The firm has a 50-day simple moving average of $219.78 and a two-hundred day simple moving average of $223.70. The stock has a market cap of $187.38 billion, a PE ratio of 102.63 and a beta of 1.21. The Boeing Company has a 1-year low of $176.77 and a 1-year high of $254.35. The company has a debt-to-equity ratio of 6.77, a current ratio of 1.14 and a quick ratio of 0.33.

Boeing (NYSE:BA) last posted its quarterly earnings data on Tuesday, July 28th. The aircraft producer reported ($0.76) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.42). The company 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%.The business’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the previous year, the business posted ($1.24) EPS. As a group, analysts forecast that The Boeing Company will post -0.81 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on BA. Citigroup upped their price target on Boeing from $256.00 to $260.00 and gave the company a “buy” rating in a research report on Monday, May 18th. Morgan Stanley raised their target price on Boeing from $245.00 to $250.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 23rd. JPMorgan Chase & Co. lifted their price target on Boeing from $270.00 to $290.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Weiss Ratings reissued a “sell (d+)” rating on shares of Boeing in a report on Tuesday, July 21st. Finally, Royal Bank Of Canada reduced their target price 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. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Boeing has an average rating of “Moderate Buy” and an average price target of $272.44.

Key Stories Impacting Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: 737 MAX 7 certification unlocks future revenue. The FAA’s approval ends nearly a decade of technical reviews and safety assessments, allowing Boeing to begin preparations for first deliveries of the smallest MAX variant. The aircraft adds capacity to Boeing’s best-selling narrowbody family and could begin contributing cash flow sooner than the lengthy development timeline might suggest. Federal Aviation Administration certifies Boeing 737 MAX 7
• Positive Sentiment: Wall Street sentiment improved. BNP Paribas analyst Matthew Akers raised Boeing’s rating from Sell to Buy, skipping a Hold rating, citing fading certification risks and the potential for a powerful cash-flow recovery. The upgrade, combined with the FAA decision, helped reinforce investor confidence in Boeing’s extended recovery. Boeing Stock Gets Rare Double Upgrade
• Positive Sentiment: Commercial aircraft demand remains supportive. Airlines are operating aging fleets amid strong travel demand, increasing the value of Boeing’s ability to raise narrowbody and widebody delivery rates. Boeing also delivered a 737 MAX to Tajikistan’s Somon Air, providing another indication of ongoing international demand. Somon Air Receives Its First Boeing 737 MAX Jet
• Neutral Sentiment: Revenue benefits will take time. Although certification clears the way for deliveries, airlines may need months to integrate the MAX 7 into flight schedules, and passengers are not expected to fly on the aircraft until 2027. This limits the immediate earnings impact. Boeing’s Smallest 737 Max Finally Wins FAA Certification
• Negative Sentiment: Defense-program execution remains a concern. Boeing’s recent earnings miss was attributed largely to roughly $280 million in charges tied to legacy fixed-price defense manufacturing. While investors largely looked past the miss because commercial demand and certification progress are improving, the charges highlight continuing margin and cash-flow risks outside the commercial-aircraft business. The $280 Million Reason Boeing Missed

Insider Buying and Selling at Boeing

In other news, Director Bradley D. Tilden acquired 1,370 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were purchased at an average price of $218.50 per share, for a total transaction of $299,345.00. Following the acquisition, the director owned 1,370 shares of the company’s stock, valued at $299,345. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.10% of the company’s stock.

Boeing Company 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.