SteelPeak Wealth LLC Acquires 82,479 Shares of The Boeing Company $BA

SteelPeak Wealth LLC increased its holdings in shares of The Boeing Company (NYSE:BA) by 660.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 94,976 shares of the aircraft producer’s stock after purchasing an additional 82,479 shares during the period. SteelPeak Wealth LLC’s holdings in Boeing were worth $17,670,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in BA. Highland Investment Advisors LLC purchased a new stake in Boeing in the second quarter valued at $26,000. Strategic Wealth Advisors LLC acquired a new stake in Boeing during the 2nd quarter worth about $27,000. Bell Investment Advisors Inc acquired a new stake in Boeing during the 2nd quarter worth about $29,000. Bayban acquired a new stake in Boeing during the 4th quarter worth about $29,000. Finally, Security National Bank of SO Dak purchased a new position in shares of Boeing during the 2nd quarter valued at about $30,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

Shares of NYSE BA opened at $189.98 on Friday. The company’s fifty day moving average price is $204.93 and its 200 day moving average price is $215.57. The Boeing Company has a 1 year low of $176.77 and a 1 year high of $254.35. The company has a market capitalization of $150.16 billion, a PE ratio of 82.24 and a beta of 1.26. The company has a debt-to-equity ratio of 6.77, a quick ratio of 0.33 and a current ratio of 1.14.

Boeing (NYSE:BA) last released its quarterly earnings results on Tuesday, July 28th. The aircraft producer reported ($0.76) EPS for the quarter, missing the consensus estimate of ($0.34) by ($0.42). Boeing had a net margin of 2.41% and a negative return on equity of 346.82%. The firm had revenue of $24.56 billion for the quarter, compared to analyst estimates of $24.26 billion. During the same quarter in the prior year, the business posted ($1.24) EPS. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. On average, research analysts predict that The Boeing Company will post -0.96 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on BA shares. Cantor Fitzgerald cut Boeing to a “neutral” rating in a report on Tuesday, August 11th. DZ Bank restated a “buy” rating on shares of Boeing in a research note on Thursday, August 6th. Bank of America reaffirmed a “buy” rating and set a $270.00 target price on shares of Boeing in a report on Friday, September 18th. The Goldman Sachs Group lowered Boeing from a “buy” rating to a “hold” rating in a report on Tuesday, August 11th. Finally, TD Cowen reduced their price target on Boeing from $250.00 to $240.00 and set a “buy” rating for the company in a research report on Friday, October 9th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $266.96.

Boeing News Roundup

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing is reportedly in discussions with Cathay Pacific over a potential order for as many as 50 wide-body aircraft. Although Cathay is also considering Airbus, a win would strengthen Boeing’s backlog and support future production and deliveries. Boeing Heads Into Talks Over Up To 50 Wide Body Jets
• Positive Sentiment: Southwest Airlines is reportedly considering another Boeing purchase, adding to recent commercial-aircraft deal momentum and potentially supporting Boeing’s order pipeline. Boeing Stock Gains as Southwest Considers Buy
• Positive Sentiment: Boeing averted a possible engineers’ strike after new contracts were signed, reducing a near-term operational disruption risk. Boeing Strike Deadline and New Contracts
• Positive Sentiment: Barclays maintained an optimistic outlook, with a $300 price target implying substantial upside and citing Boeing’s improving revenue trajectory. Barclays Sees Upside in Boeing Stock
• Neutral Sentiment: Board members with deeper aviation expertise could help Boeing shape its next-generation aircraft strategy, though the benefit is longer term. Boeing’s Boardroom Strategy
• Negative Sentiment: Chief Sales Officer Ihssane Mounir McMullen plans to retire, creating a leadership transition in a critical commercial-sales role. Boeing Sales Chief to Retire
• Negative Sentiment: Morgan Stanley cut its price target from $250 to $225, while retaining a Buy rating. RBC also reduced its target from $265 to $235, citing defense-budget uncertainty. Morgan Stanley Boeing Price Target
• Negative Sentiment: A separate risk-reward assessment assigned Boeing a low score and a Sell rating, underscoring valuation, balance-sheet and execution concerns. Boeing Risk-Reward Assessment

About Boeing

The Boeing Company (NYSE: BA) is a global aerospace company that designs, manufactures and supports commercial airplanes, military aircraft, satellites, space systems and related products and services. Its offerings serve airlines, government agencies, defense organizations and other customers worldwide.

Boeing operates through three principal business areas: Commercial Airplanes, which develops and produces passenger and cargo aircraft; Defense, Space & Security, which provides military aircraft, weapons systems, satellites and space-related platforms; and Global Services, which offers parts, maintenance, training, engineering and other lifecycle support.

Founded in 1916 by William Boeing, the company has grown into one of the world’s major aerospace manufacturers.