Dearborn Partners LLC purchased a new position in shares of The Boeing Company (NYSE:BA – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,911 shares of the aircraft producer’s stock, valued at approximately $630,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Measured Wealth Private Client Group LLC acquired a new stake in shares of Boeing during the 3rd quarter valued at $25,000. Strive Financial Group LLC acquired a new position in shares of Boeing in the fourth quarter worth $25,000. CrossGen Wealth LLC purchased a new stake in shares of Boeing during the fourth quarter worth $26,000. 1 North Wealth Services LLC purchased a new stake in shares of Boeing during the fourth quarter worth $27,000. Finally, Wealth Preservation Advisors LLC boosted its position in Boeing by 66.7% during the fourth quarter. Wealth Preservation Advisors LLC now owns 125 shares of the aircraft producer’s stock valued at $27,000 after purchasing an additional 50 shares during the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.
Key Headlines Impacting Boeing
Here are the key news stories impacting Boeing this week:
- Positive Sentiment: Boeing expanded and extended its credit facilities, including a new 364-day agreement with a lender syndicate. The move should improve near-term liquidity and financial flexibility, although it also underscores the company’s substantial funding needs. Boeing Expands and Extends Credit Facilities to Bolster Liquidity
- Positive Sentiment: The Pentagon awarded Boeing a sole-source F-15 sustainment contract with a potential ceiling of roughly $131.2 billion through 2037. The headline figure strengthens Boeing’s defense backlog, though only a smaller portion has been obligated so far, limiting the immediate financial impact. Boeing’s $131B F-15 Win
- Positive Sentiment: GE Aerospace’s LEAP engine deliveries rose sharply this year. Higher engine availability is important for Boeing because engine supply remains a bottleneck to increasing 737 and other aircraft deliveries, revenue recognition, and cash generation. GE Aerospace’s LEAP Engine Deliveries Jumped 41%
- Neutral Sentiment: Analysts continue to view Boeing and other defense contractors as beneficiaries of elevated military spending, strong backlogs, and geopolitical demand. However, comparisons with General Dynamics highlight Boeing’s execution, debt, and profitability challenges. BA vs. GD: Which Defense Contractor Has Stronger Growth Prospects?
- Negative Sentiment: Boeing engineers and technical workers overwhelmingly rejected a four-year contract proposal and authorized a strike, raising the risk of higher labor costs, production disruption, and delays to commercial-aircraft recovery. Negotiators are scheduled to resume talks Monday. Boeing and Union Negotiators to Meet Monday
- Negative Sentiment: Boeing has reportedly posted contractor openings for engineering and technical positions as the labor dispute escalates. The apparent preparation for replacement or contingency staffing increases uncertainty and may further strain relations with the union. Boeing Posts Contract Jobs in Labor Dispute
- Negative Sentiment: Investor commentary continues to flag Boeing’s heavy debt burden and the risk that large contract ceilings may not translate into near-term cash flow. Financing actions and elevated valuation make execution particularly important for BA.
Boeing Stock Performance
Boeing (NYSE:BA – Get Free Report) last issued 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 during the quarter, compared to the consensus estimate of $24.26 billion. Boeing had a net margin of 2.41% and a negative return on equity of 346.82%. The firm’s revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the business posted ($1.24) earnings per share. As a group, equities research analysts forecast that The Boeing Company will post -0.87 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
BA has been the subject of a number of recent research reports. The Goldman Sachs Group downgraded Boeing from a “buy” rating to a “hold” rating in a research note on Tuesday, August 11th. William Blair restated an “outperform” rating on shares of Boeing in a report on Tuesday, July 28th. Sanford C. Bernstein started coverage on shares of Boeing in a research report on Tuesday, August 11th. They set an “outperform” rating on the stock. Cantor Fitzgerald cut shares of Boeing to a “neutral” rating in a research note on Tuesday, August 11th. Finally, Wolfe Research downgraded shares of Boeing from an “outperform” rating to a “hold” rating in a research report on Tuesday, August 11th. One equities 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $272.58.
Read Our Latest Analysis on BA
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.
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