Royal London Asset Management Ltd. Cuts Stake in The Boeing Company $BA

Royal London Asset Management Ltd. cut its stake in The Boeing Company (NYSE:BA) by 0.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 377,030 shares of the aircraft producer’s stock after selling 3,237 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Boeing were worth $81,616,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of BA. Princeton Capital Management LLC grew its stake in Boeing by 78.3% in the 4th quarter. Princeton Capital Management LLC now owns 12,249 shares of the aircraft producer’s stock valued at $2,660,000 after purchasing an additional 5,381 shares during the period. Rakuten Investment Management Inc. boosted its holdings in shares of Boeing by 502.3% in the 4th quarter. Rakuten Investment Management Inc. now owns 103,099 shares of the aircraft producer’s stock worth $22,398,000 after buying an additional 85,982 shares during the last quarter. Louisiana State Employees Retirement System bought a new position in Boeing during the first quarter valued at about $7,961,000. Patriot Financial Group Insurance Agency LLC increased its holdings in Boeing by 103.8% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 11,240 shares of the aircraft producer’s stock worth $2,237,000 after buying an additional 5,726 shares during the last quarter. Finally, Deutsche Bank AG boosted its stake in Boeing by 47.5% in the fourth quarter. Deutsche Bank AG now owns 2,376,243 shares of the aircraft producer’s stock valued at $515,930,000 after acquiring an additional 765,197 shares during the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Boeing Stock Performance

Shares of BA stock opened at $209.84 on Friday. The stock has a market capitalization of $165.85 billion, a P/E ratio of 90.84 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 firm’s 50 day moving average is $220.60 and its 200 day moving average is $221.36. The Boeing Company has a 12 month low of $176.77 and a 12 month high of $254.35.

Boeing (NYSE:BA) last released 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 business had revenue of $24.56 billion during the quarter, compared to analysts’ expectations of $24.26 billion. Boeing had a net margin of 2.41% and a negative return on equity of 346.82%. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($1.24) earnings per share. On average, sell-side analysts anticipate that The Boeing Company will post -0.87 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Citigroup cut shares of Boeing from a “buy” rating to a “sell” rating in a report on Tuesday, August 11th. Weiss Ratings reissued a “sell (d+)” rating on shares of Boeing in a report on Tuesday, July 21st. JPMorgan Chase & Co. raised their target price on Boeing from $270.00 to $290.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. William Blair restated an “outperform” rating on shares of Boeing in a research note on Tuesday, July 28th. Finally, BNP Paribas Exane raised Boeing from an “underperform” rating to an “outperform” rating and upped their price target for the company from $230.00 to $300.00 in a research report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $272.58.

Key Stories 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 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.