Clear Harbor Asset Management LLC Purchases New Stake in The Boeing Company $BA

Clear Harbor Asset Management LLC acquired a new position in shares of The Boeing Company (NYSE:BA) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 3,950 shares of the aircraft producer’s stock, valued at approximately $855,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Measured Wealth Private Client Group LLC bought a new stake in shares of Boeing during the third quarter worth approximately $25,000. Strive Financial Group LLC acquired a new stake in Boeing during the 4th quarter worth approximately $25,000. CrossGen Wealth LLC acquired a new stake in Boeing during the 4th quarter worth approximately $26,000. Ares Financial Consulting LLC bought a new stake in Boeing in the 4th quarter valued at $26,000. Finally, 1 North Wealth Services LLC acquired a new position in Boeing in the 4th quarter valued at $27,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Key Boeing News

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 tanker aircraft to Qatar. The approval supports Boeing’s defense backlog, although the transaction still requires finalization. US approves potential $4.5B sale of Boeing KC-46A tankers to Qatar
• Positive Sentiment: Boeing’s agreement to sell or transfer businesses including Wisk Aero, Insitu and SkyGrid to Archer Aviation, while taking a strategic stake in Archer, could generate cash and provide exposure to autonomous and electric aviation markets. However, the deal’s financial impact and execution remain uncertain. Archer Aviation bets big on becoming more than an air taxi company
• Neutral Sentiment: AerCap delivered its tenth Boeing 787 to Grupo Aeromexico, marking its 100th 787 delivery from its direct order book. The milestone signals continuing customer demand for the Dreamliner but is not a new Boeing order or immediate revenue catalyst. AerCap Holdings compared with Boeing
• Negative Sentiment: Voting ends on Boeing’s proposed four-year contract with the Society of Professional Engineering Employees in Aerospace, representing roughly 17,000 engineers and technical workers. A rejection could authorize a strike after the current contracts expire on October 6, raising concerns about production, certification and delivery schedules. Results were expected Friday afternoon. Boeing white-collar union contract vote results expected today
• Negative Sentiment: The labor uncertainty is outweighing recent operating progress, including higher commercial deliveries and efforts to increase 737 production. Investors appear concerned that a work stoppage could interrupt Boeing’s recovery. Boeing slides as labor vote uncertainty outweighs operational progress
• Negative Sentiment: Boeing is advancing repairs to Air Force One, but window replacement and interior work could threaten the program’s schedule, adding another execution risk to the company’s defense business. Boeing advances Air Force One repairs

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BA. UBS Group began coverage on shares of Boeing in a research report on Tuesday, August 11th. They issued a “buy” rating for the company. Btg Pactual set a $260.00 price target on shares of Boeing in a research report on Tuesday, July 14th. Tigress Financial lifted their price objective on shares of Boeing from $295.00 to $305.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. BNP Paribas Exane raised shares of Boeing from an “underperform” rating to an “outperform” rating and boosted their price objective for the company from $230.00 to $300.00 in a report on Monday, August 3rd. Finally, Argus upgraded shares of Boeing from a “hold” rating to a “buy” rating and set a $265.00 target price on the stock in a research report on Tuesday, August 11th. One research 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. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $272.58.

Boeing Price Performance

BA stock opened at $214.20 on Monday. The company has a market cap of $169.30 billion, a PE ratio of 92.73 and a beta of 1.21. The business has a 50-day simple moving average of $222.11 and a 200 day simple moving average of $222.18. The Boeing Company has a 52 week low of $176.77 and a 52 week high of $254.35. The company has a quick ratio of 0.33, a current ratio of 1.14 and a debt-to-equity ratio of 6.77.

Boeing (NYSE:BA) last announced its quarterly earnings data on Tuesday, July 28th. The aircraft producer reported ($0.76) earnings per share (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 firm had revenue of $24.56 billion for the quarter, compared to analyst estimates of $24.26 billion. During the same quarter in the previous year, the company earned ($1.24) earnings per share. The company’s quarterly revenue was up 8.0% on a year-over-year basis. Sell-side analysts anticipate that The Boeing Company will post -0.87 EPS for the current fiscal year.

About Boeing

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.