West Family Investments Inc. Buys Shares of 2,679 The Boeing Company $BA

West Family Investments Inc. purchased a new position in shares of The Boeing Company (NYSE:BA) during the 2nd quarter, HoldingsChannel reports. The firm purchased 2,679 shares of the aircraft producer’s stock, valued at approximately $580,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Knuff & Co LLC acquired a new stake in shares of Boeing in the 2nd quarter valued at $3,903,000. NewEdge Wealth LLC acquired a new position in Boeing during the second quarter worth $1,390,000. Chancellor Financial Group WB LP bought a new position in Boeing during the second quarter valued at about $526,000. Great Lakes Advisors LLC acquired a new stake in shares of Boeing in the second quarter worth about $113,412,000. Finally, Pacific Sun Financial Corp acquired a new stake in shares of Boeing in the second quarter worth about $204,000. Institutional investors own 64.82% of the company’s stock.

Boeing Price Performance

Shares of NYSE:BA opened at $221.79 on Thursday. The firm has a market capitalization of $175.30 billion, a PE ratio of 96.01 and a beta of 1.21. 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 Boeing Company has a 1-year low of $176.77 and a 1-year high of $254.35. The business’s 50 day moving average is $222.33 and its 200-day moving average is $222.44.

Boeing (NYSE:BA) last issued its 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 negative return on equity of 346.82% and a net margin of 2.41%.The firm had revenue of $24.56 billion during the quarter, compared to the consensus estimate of $24.26 billion. During the same period last year, the business earned ($1.24) earnings per share. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. Sell-side analysts predict that The Boeing Company will post -0.87 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on BA. Argus raised Boeing from a “hold” rating to a “buy” rating and set a $265.00 price objective on the stock in a report on Tuesday, August 11th. Morgan Stanley upped their target price on Boeing from $245.00 to $250.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 23rd. BNP Paribas Exane upgraded Boeing from an “underperform” rating to an “outperform” rating and increased their price target for the company from $230.00 to $300.00 in a report on Monday, August 3rd. Barclays cut shares of Boeing from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, August 11th. Finally, UBS Group assumed coverage on shares of Boeing in a report on Tuesday, August 11th. They set a “buy” rating for the company. 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 given a Sell rating to the stock. According to MarketBeat, Boeing has an average rating of “Moderate Buy” and a consensus price target of $272.58.

Boeing News Summary

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing is pursuing an internal turnaround under CEO Kelly Ortberg, emphasizing engineering discipline, production quality and long-term aircraft development rather than short-term Wall Street targets. The strategy could improve execution and restore customer and investor confidence, although results will take time. How Kelly Ortberg is rebuilding Boeing from the inside out
• Positive Sentiment: Wright-Patterson Air Force Base awarded Boeing a $75 million contract for Air Force One spare parts, providing incremental support for the company’s defense and government-services business. Boeing $75 million Air Force One parts contract
• Positive Sentiment: Boeing and Lockheed Martin’s United Launch Alliance reportedly completed a $1.5 billion private bond offering—three times the initial target—suggesting strong investor demand for ULA financing and continued interest in its space business. Boeing Q2 earnings context

Boeing 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.