HBK Sorce Advisory LLC Invests $2.23 Million in The Boeing Company $BA

HBK Sorce Advisory LLC bought a new position in shares of The Boeing Company (NYSE:BA) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 9,296 shares of the aircraft producer’s stock, valued at approximately $2,233,000.

Other hedge funds also recently added to or reduced their stakes in the company. Abbot Financial Management Inc. acquired a new stake in Boeing during the 2nd quarter worth about $691,000. Peachtree Investment Partners LLC acquired a new position in shares of Boeing in the 2nd quarter valued at about $238,000. German American Bancorp Inc. acquired a new position in shares of Boeing in the 2nd quarter valued at about $5,093,000. Arrowroot Family Office LLC purchased a new stake in shares of Boeing in the second quarter worth about $302,000. Finally, Flputnam Investment Management Co. purchased a new stake in shares of Boeing in the second quarter worth about $441,000. 64.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. The Goldman Sachs Group cut Boeing from a “buy” rating to a “hold” rating in a research report on Tuesday, August 11th. Robert W. Baird set a $300.00 price objective on Boeing in a research report on Wednesday, July 29th. UBS Group began coverage on shares of Boeing in a research note on Tuesday, August 11th. They set a “buy” rating on the stock. William Blair reaffirmed an “outperform” rating on shares of Boeing in a research note on Tuesday, July 28th. Finally, Sanford C. Bernstein started coverage on shares of Boeing in a report on Tuesday, August 11th. They set an “outperform” rating for the company. One 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 given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $272.58.

Boeing News Summary

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

Boeing Price Performance

Shares of Boeing stock opened at $231.50 on Monday. 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 Boeing Company has a twelve month low of $176.77 and a twelve month high of $254.35. The business has a 50-day moving average price of $221.70 and a 200 day moving average price of $222.79. The firm has a market cap of $182.97 billion, a PE ratio of 100.21 and a beta of 1.21.

Boeing (NYSE:BA) last released its quarterly earnings results 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 business had revenue of $24.56 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the company posted ($1.24) EPS. Sell-side analysts predict that The Boeing Company will post -0.87 earnings per share for the current fiscal year.

Insider Activity at Boeing

In other Boeing news, Director Bradley D. Tilden bought 1,370 shares of Boeing stock in a transaction dated Wednesday, May 20th. The stock was acquired at an average cost of $218.50 per share, with a total value of $299,345.00. Following the purchase, the director directly owned 1,370 shares in the company, valued at $299,345. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 0.10% of the stock is owned by company insiders.

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.