The Boeing Company $BA Stock Purchased by American National Bank & Trust

American National Bank & Trust increased its holdings in The Boeing Company (NYSE:BA) by 28,857.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,031 shares of the aircraft producer’s stock after buying an additional 12,986 shares during the quarter. American National Bank & Trust’s holdings in Boeing were worth $2,424,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Worth Asset Management LLC purchased a new position in shares of Boeing during the third quarter worth $240,000. Bank of New Hampshire raised its stake in shares of Boeing by 100.0% during the 3rd quarter. Bank of New Hampshire now owns 200 shares of the aircraft producer’s stock valued at $37,000 after buying an additional 100 shares during the last quarter. Legacy Private Trust Co. boosted its stake in shares of Boeing by 1.9% in the third quarter. Legacy Private Trust Co. now owns 17,325 shares of the aircraft producer’s stock worth $3,223,000 after buying an additional 320 shares during the last quarter. Baker Tilly Wealth Management LLC raised its position in Boeing by 3.8% during the third quarter. Baker Tilly Wealth Management LLC now owns 12,579 shares of the aircraft producer’s stock valued at $2,340,000 after acquiring an additional 456 shares in the last quarter. Finally, Ferguson Wellman Capital Management Inc. lifted its holdings in Boeing by 25.7% in the third quarter. Ferguson Wellman Capital Management Inc. now owns 7,035 shares of the aircraft producer’s stock valued at $1,309,000 after acquiring an additional 1,440 shares during the period. 64.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BA has been the subject of several analyst reports. William Blair reiterated an “outperform” rating on shares of Boeing in a research note on Wednesday, September 30th. UBS Group reaffirmed a “buy” rating on shares of Boeing in a report on Tuesday, September 29th. BNP Paribas Exane upgraded shares of Boeing from an “underperform” rating to an “outperform” rating and upped their price objective for the stock from $230.00 to $300.00 in a research report on Monday, August 3rd. Jefferies Financial Group lowered their target price on shares of Boeing from $295.00 to $265.00 and set a “buy” rating on the stock in a research note on Monday, September 21st. Finally, Barclays cut Boeing from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, August 11th. Two research 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 company has an average rating of “Moderate Buy” and a consensus target price of $270.95.

Trending Headlines about Boeing

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 Price Performance

BA traded down $1.86 during midday trading on Wednesday, hitting $187.96. 3,226,802 shares of the company traded hands, compared to its average volume of 6,825,785. 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 company has a market capitalization of $148.55 billion, a price-to-earnings ratio of 81.40 and a beta of 1.26. The Boeing Company has a 52-week low of $176.77 and a 52-week high of $254.35. The business has a 50 day simple moving average of $211.41 and a two-hundred day simple moving average of $216.18.

Boeing (NYSE:BA) last released its earnings results on Tuesday, July 28th. The aircraft producer reported ($0.76) EPS for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.42). Boeing had a negative return on equity of 346.82% and a net margin of 2.41%.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 prior year, the firm earned ($1.24) EPS. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. On average, equities analysts forecast that The Boeing Company will post -0.91 earnings per share for the current fiscal year.

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.