Castlekeep Investment Advisors LLC Takes $4.79 Million Position in The Boeing Company $BA

Castlekeep Investment Advisors LLC acquired a new position in shares of The Boeing Company (NYSE:BA) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 22,103 shares of the aircraft producer’s stock, valued at approximately $4,785,000. Boeing comprises about 2.4% of Castlekeep Investment Advisors LLC’s investment portfolio, making the stock its 13th largest holding.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Measured Wealth Private Client Group LLC purchased a new position in Boeing during the third quarter worth $25,000. Strive Financial Group LLC purchased a new stake in shares of Boeing in the fourth quarter valued at $25,000. Ares Financial Consulting LLC purchased a new stake in shares of Boeing in the fourth quarter valued at $26,000. CrossGen Wealth LLC acquired a new stake in shares of Boeing during the fourth quarter valued at $26,000. Finally, Strategic Wealth Advisors LLC acquired a new stake in shares of Boeing during the fourth quarter valued at $27,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Key Headlines Impacting Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Major F-15 defense award: The U.S. Air Force awarded Boeing an indefinite-delivery/indefinite-quantity contract with a ceiling of approximately $131.2 billion for the F-15 Eagle Crest program. The agreement covers aircraft production, upgrades, maintenance and sustainment through August 2037, potentially strengthening Boeing’s defense revenue visibility and helping its struggling defense division. The full contract value is a ceiling rather than guaranteed revenue, so the actual financial benefit will depend on future orders. Reuters F-15 contract article
• Positive Sentiment: Turnaround and portfolio focus: Boeing sold three businesses in one week, including a transaction involving Archer Aviation. The divestitures could simplify the company, improve capital allocation and allow management to focus on commercial aircraft and core defense operations. The Archer arrangement adds strategic value, although analysts indicate it is unlikely to materially affect near-term earnings. Boeing business sales and Archer article
• Neutral Sentiment: Additional defense and commercial activity: Boeing continues to receive support from demand for its P-8 Poseidon program and delivered another 777 freighter to National Airlines. These developments reinforce aircraft demand and backlog potential but are relatively small compared with the F-15 award and are unlikely to change near-term valuation on their own. P-8 Poseidon demand article
• Negative Sentiment: Labor uncertainty: The Society of Professional Engineering Employees in Aerospace rejected Boeing’s proposed agreement by a wide margin. A difficult contract renegotiation could increase labor costs, disrupt engineering work or delay Boeing’s operational recovery. SPEEA vote article

Boeing Stock Up 0.3%

Shares of NYSE:BA opened at $211.09 on Wednesday. The company has a current ratio of 1.14, a quick ratio of 0.33 and a debt-to-equity ratio of 6.77. The firm has a market cap of $166.84 billion, a price-to-earnings ratio of 91.38 and a beta of 1.21. The stock’s 50-day moving average price is $221.41 and its two-hundred day moving average price is $221.85. The Boeing Company has a 12-month low of $176.77 and a 12-month high of $254.35.

Boeing (NYSE:BA) last posted its quarterly earnings data on Tuesday, July 28th. The aircraft producer reported ($0.76) EPS for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.42). Boeing had a net margin of 2.41% and a negative return on equity of 346.82%. The company had revenue of $24.56 billion for the quarter, compared to analyst estimates of $24.26 billion. During the same period in the prior year, the company earned ($1.24) EPS. The company’s revenue was up 8.0% compared to the same quarter last year. On average, research analysts forecast that The Boeing Company will post -0.87 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on BA shares. Argus raised shares of Boeing from a “hold” rating to a “buy” rating and set a $265.00 target price for the company in a research note on Tuesday, August 11th. Robert W. Baird set a $300.00 price target on shares of Boeing in a report on Wednesday, July 29th. Barclays lowered shares of Boeing from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, August 11th. BNP Paribas Exane raised shares of Boeing from an “underperform” rating to an “outperform” rating and upped their price objective for the company from $230.00 to $300.00 in a research note on Monday, August 3rd. Finally, The Goldman Sachs Group lowered shares of Boeing from a “buy” rating to a “hold” rating in a research report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $272.58.

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.