The Boeing Company $BA Stock Acquired by McAlister Sweet & Associates Inc.

McAlister Sweet & Associates Inc. grew its holdings in shares of The Boeing Company (NYSE:BA) by 57.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 45,420 shares of the aircraft producer’s stock after buying an additional 16,531 shares during the period. Boeing makes up 7.2% of McAlister Sweet & Associates Inc.’s investment portfolio, making the stock its 6th largest position. McAlister Sweet & Associates Inc.’s holdings in Boeing were worth $8,450,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of BA. Jupiter Topco LLC purchased a new stake in Boeing in the second quarter worth about $911,878,000. Bank of New York Mellon Corp bought a new stake in shares of Boeing in the 2nd quarter worth approximately $747,763,000. Legal & General Group Plc purchased a new stake in shares of Boeing in the 2nd quarter worth approximately $710,816,000. Deutsche Bank AG purchased a new stake in shares of Boeing in the 2nd quarter worth approximately $539,456,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Boeing during the 2nd quarter valued at approximately $441,997,000. 64.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

BA has been the subject of a number of recent research reports. Btg Pactual set a $260.00 price objective on Boeing in a research note on Tuesday, July 14th. Cantor Fitzgerald downgraded Boeing to a “neutral” rating in a report on Tuesday, August 11th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Boeing in a research report on Wednesday, September 30th. Barclays cut shares of Boeing from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, August 11th. Finally, Bank of America restated a “buy” rating and set a $270.00 price objective on shares of Boeing in a research note on Friday, September 18th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $270.95.

Boeing Stock Performance

NYSE:BA traded down $1.86 during mid-day trading on Wednesday, reaching $187.96. The company’s stock had a trading volume of 3,436,111 shares, compared to its average volume of 6,826,445. 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 stock has a market cap of $148.56 billion, a P/E ratio of 81.38 and a beta of 1.26. The firm’s fifty day moving average price is $211.41 and its two-hundred day moving average price is $216.18. The Boeing Company has a 12-month low of $176.77 and a 12-month high of $254.35.

Boeing (NYSE:BA) last announced its quarterly earnings results on Tuesday, July 28th. The aircraft producer reported ($0.76) earnings per share (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 analysts’ expectations of $24.26 billion. During the same period in the previous year, the business earned ($1.24) EPS. The business’s revenue was up 8.0% compared to the same quarter last year. On average, equities analysts forecast that The Boeing Company will post -0.91 EPS for the current fiscal year.

Boeing News Roundup

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing secured a seven-year contract worth up to approximately $14.7 billion from Lockheed Martin to triple production of PAC-3 Missile Segment Enhancement seekers. The award strengthens Boeing’s defense backlog and could provide multiyear revenue visibility, although some contract terms remain subject to finalization. Boeing receives Lockheed PAC-3 MSE contract worth up to $14.7 billion
• Positive Sentiment: The FAA determined that a recently identified 737 MAX software issue is not a flight-safety concern, helping preserve the path toward certification of the MAX 10. Boeing has also reportedly won major sixth-generation fighter programs, adding to its defense positioning. FAA clears Boeing 737 MAX software issue
• Neutral Sentiment: Recent coverage highlights a conflicting financial picture: Boeing posted about $2.09 billion in trailing net income but negative EBITDA of roughly $2.9 billion. The discrepancy makes reported earnings appear less reflective of underlying operating cash generation, while analysts continue to expect a full-year loss. Boeing has negative EBITDA and positive net income
• Negative Sentiment: Investors remain concerned about Boeing’s high debt burden as billions in maturities approach amid elevated bond yields. Reports of recent Boeing aircraft emergencies, including a British Airways 777 cabin-depressurization incident and a 787 flight that rapidly lost altitude, may also revive scrutiny of product quality and safety. In addition, Pomerantz announced an investor investigation, creating another potential legal overhang. Boeing debt maturities and higher yields

Boeing Profile

The Boeing Company (NYSE: BA) is a global aerospace company that designs, manufactures and supports commercial airplanes, military aircraft, spacecraft and related systems. Its commercial portfolio includes the 737, 787 Dreamliner and 777 families, as well as the 777X program. Boeing sells aircraft to airlines, cargo operators and leasing companies around the world.

Through its defense and space operations, Boeing provides products and services for the U.S. government, allied governments and other institutional customers.