NFJ Investment Group LLC bought a new position in The Boeing Company (NYSE:BA – Free Report) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 56,251 shares of the aircraft producer’s stock, valued at approximately $12,177,000.
Other large investors have also recently bought and sold shares of the company. Silvant Capital Management LLC bought a new position in shares of Boeing in the second quarter worth $196,000. LaSalle St. Investment Advisors LLC purchased a new stake in shares of Boeing in the second quarter worth $1,118,000. Mystic Asset Management Inc. bought a new stake in Boeing during the second quarter valued at $4,894,000. Oxford Financial Group LTD. LLC bought a new stake in Boeing during the second quarter valued at $1,295,000. Finally, Kilter Group LLC purchased a new position in Boeing during the second quarter worth about $72,000. 64.82% of the stock is owned by institutional investors.
Boeing Stock Down 3.1%
Shares of NYSE:BA opened at $215.22 on Friday. The stock’s 50-day moving average price is $222.21 and its 200-day moving average price is $222.31. The Boeing Company has a 12-month low of $176.77 and a 12-month high of $254.35. The stock has a market capitalization of $170.10 billion, a P/E ratio of 93.17 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.
Boeing News Roundup
Here are the key news stories impacting Boeing this week:
- Positive Sentiment: The U.S. State Department approved a potential $4.5 billion sale of KC-46A aerial refueling tankers to Qatar. The deal would support Boeing’s defense backlog and international sales, although it remains subject to final agreements and congressional review. US approves potential $4.5B sale of Boeing KC-46A tankers to Qatar
- Positive Sentiment: Boeing is progressing repairs and interior work on the next Air Force One aircraft, and it recently received a contract worth roughly $75 million for Air Force One parts. These developments provide defense and government-services revenue, though schedule pressure remains. Boeing advances Air Force One repairs
- Neutral Sentiment: Boeing’s partnership with Archer Aviation involves transferring Boeing-owned businesses—including Wisk Aero, Insitu and SkyGrid—in exchange for a strategic equity stake in Archer. The transaction could monetize noncore assets and preserve exposure to future aviation technology, but its near-term financial effect on BA is unclear. Archer Aviation bets big on becoming more than an air taxi company
- Negative Sentiment: The largest near-term overhang is uncertainty surrounding a contract vote by approximately 17,000 SPEEA engineers and technical workers. Rejection could lead to strike authorization after contracts expire on October 6, potentially disrupting Boeing’s recovery, certification work and production ramp. Boeing slides as labor vote uncertainty appears to outweigh recent operational progress
- Negative Sentiment: Air Force One repair work faces potential schedule threats related to windows and interior installation, reinforcing investor concerns about Boeing’s ability to execute complex programs on time and control costs.
- Negative Sentiment: Boeing’s $1.5 billion private bond financing for United Launch Alliance highlights continued capital needs and leverage concerns. With elevated debt and historically weak profitability, additional borrowing may weigh on sentiment despite supporting liquidity. A $1.5 Billion Deal: Why Boeing and Lockheed Stocks Are in Focus
Analyst Ratings Changes
A number of analysts have recently issued reports on the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of Boeing in a research report on Tuesday, July 21st. Royal Bank Of Canada decreased their price objective on shares of Boeing from $275.00 to $265.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 29th. Morgan Stanley raised their target price on shares of Boeing from $245.00 to $250.00 and gave the company an “equal weight” rating in a research note on Thursday, April 23rd. The Goldman Sachs Group lowered shares of Boeing from a “buy” rating to a “hold” rating in a research report on Tuesday, August 11th. Finally, Btg Pactual set a $260.00 price target on shares of Boeing in a research note on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $272.58.
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.
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