Visionary Wealth Advisors Makes New $2.55 Million Investment in The Boeing Company $BA

Visionary Wealth Advisors bought a new stake in The Boeing Company (NYSE:BA) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,786 shares of the aircraft producer’s stock, valued at approximately $2,551,000.

Several other large investors also recently modified their holdings of BA. Cullen Capital Management LLC acquired a new stake in shares of Boeing during the second quarter worth about $1,692,000. Dearborn Partners LLC acquired a new position in shares of Boeing in the 2nd quarter valued at approximately $583,000. GSG Advisors LLC bought a new stake in Boeing during the 2nd quarter worth approximately $335,000. Asset One Wealth Management LLC bought a new stake in Boeing during the 2nd quarter worth approximately $481,000. Finally, Hill City Capital LP bought a new stake in Boeing during the 2nd quarter worth approximately $134,554,000. 64.82% of the stock is currently owned by institutional investors.

Boeing News Roundup

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing received a U.S. Department of War indefinite-delivery/indefinite-quantity contract with a ceiling value of $131.23 billion to support the F-15 Eagle Crest program. Although the ceiling is not guaranteed revenue, the award strengthens Boeing’s long-term defense backlog and could provide significant future cash flow. Boeing awarded contract for F-15 program
• Positive Sentiment: Strong maritime-defense demand is supporting Boeing’s P-8 Poseidon business, including a new $156.2 million contract. The award adds evidence that Boeing’s defense segment can supplement its commercial-aircraft recovery. P-8 Poseidon defense growth
• Positive Sentiment: National Airlines accepted its fourth Boeing 777-200 Freighter, highlighting ongoing cargo-aircraft demand and supporting Boeing’s production and delivery activity. National Airlines receives Boeing 777 freighter
• Neutral Sentiment: Analysts continue to focus on Boeing’s ability to increase 737 MAX production against its substantial backlog. Higher output could improve revenue and benefit suppliers, but execution, regulatory oversight and supply-chain constraints remain important risks. Boeing production and suppliers
• Negative Sentiment: Members of the Society of Professional Engineering Employees in Aerospace reportedly rejected Boeing’s proposed agreement by a wide margin. The labor setback raises the risk of extended negotiations, higher costs or disruption to engineering and production programs. SPEEA rejects Boeing proposal
• Negative Sentiment: United Airlines is reconsidering how to use premium seats ordered for delayed 737 MAX 10 aircraft, underscoring the model’s prolonged certification and delivery delays. Continued uncertainty could weigh on Boeing’s delivery targets and customer relationships. United Airlines and 737 MAX 10 delays

Boeing Trading Down 1.7%

NYSE BA opened at $210.50 on Tuesday. The Boeing Company has a 52 week low of $176.77 and a 52 week high of $254.35. The company has a debt-to-equity ratio of 6.77, a quick ratio of 0.33 and a current ratio of 1.14. The stock’s 50 day moving average price is $221.74 and its two-hundred day moving average price is $222.02. The stock has a market capitalization of $166.37 billion, a price-to-earnings ratio of 91.13 and a beta of 1.21.

Boeing (NYSE:BA) last issued its quarterly earnings results on Tuesday, July 28th. The aircraft producer reported ($0.76) earnings per share 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 business had revenue of $24.56 billion for the quarter, compared to the consensus estimate of $24.26 billion. During the same period in the prior year, the business earned ($1.24) earnings per share. Boeing’s revenue was up 8.0% compared to the same quarter last year. As a group, analysts anticipate that The Boeing Company will post -0.87 earnings per share for the current fiscal year.

Analyst Ratings Changes

BA has been the topic of a number of research reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Boeing in a research note on Tuesday, July 21st. Robert W. Baird set a $300.00 price objective on shares of Boeing in a research report on Wednesday, July 29th. Tigress Financial raised their price objective on shares of Boeing from $295.00 to $305.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Sanford C. Bernstein assumed coverage on shares of Boeing in a research report on Tuesday, August 11th. They issued an “outperform” rating on the stock. Finally, Wolfe Research lowered shares of Boeing from an “outperform” rating to a “hold” rating in a research note on Tuesday, August 11th. One 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 company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.