Triumph Capital Management Trims Position in The Boeing Company $BA

Triumph Capital Management decreased its holdings in shares of The Boeing Company (NYSE:BA) by 60.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,016 shares of the aircraft producer’s stock after selling 4,600 shares during the period. Triumph Capital Management’s holdings in Boeing were worth $653,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Measured Wealth Private Client Group LLC purchased a new stake in Boeing during the 3rd quarter valued at approximately $25,000. Strive Financial Group LLC purchased a new position in shares of Boeing in the 4th quarter valued at approximately $25,000. CrossGen Wealth LLC purchased a new position in shares of Boeing in the 4th quarter valued at approximately $26,000. Strategic Wealth Advisors LLC acquired a new position in shares of Boeing in the fourth quarter valued at approximately $27,000. Finally, 1 North Wealth Services LLC acquired a new position in shares of Boeing in the fourth quarter valued at approximately $27,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Down 1.0%

BA opened at $205.63 on Wednesday. The company has a debt-to-equity ratio of 6.77, a current ratio of 1.14 and a quick ratio of 0.33. The business has a 50 day simple moving average of $220.11 and a 200-day simple moving average of $220.73. The stock has a market capitalization of $162.52 billion, a P/E ratio of 89.02 and a beta of 1.21. The Boeing Company has a 12 month low of $176.77 and a 12 month high of $254.35.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. BNP Paribas Exane raised Boeing from an “underperform” rating to an “outperform” rating and increased their price target for the stock from $230.00 to $300.00 in a report on Monday, August 3rd. William Blair reissued an “outperform” rating on shares of Boeing in a research note on Tuesday, July 28th. Robert W. Baird set a $300.00 price objective on shares of Boeing in a research report on Wednesday, July 29th. Citigroup cut shares of Boeing from a “buy” rating to a “sell” rating in a research note on Tuesday, August 11th. Finally, Sanford C. Bernstein initiated coverage on shares of Boeing in a report on Tuesday, August 11th. They issued an “outperform” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $272.58.

Trending Headlines about Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing’s defense and space business is gaining momentum, supported by approximately $85 billion in backlog and several programs moving into low-rate production. This could provide a steadier growth driver beyond commercial aircraft and improve long-term revenue visibility. Can Boeing’s Defense Business Become a Bigger Growth Driver?
• Positive Sentiment: Boeing is gradually increasing aircraft production after receiving additional regulatory approvals, while its enormous commercial backlog—potentially covering more than a decade of deliveries—offers substantial future revenue support. Boeing Stock Analysis: Sales Increase 8% to $24.6 Billion. Time to Buy?
• Neutral Sentiment: Industry research projects continued growth in the global freighter-aircraft market, driven by e-commerce, express shipping and fleet replacement. The trend could benefit Boeing, although the report describes an industry opportunity rather than a new contract or forecast revision for BA. Global Freighter Aircraft Market to Reach $12.11 Billion by 2031
• Negative Sentiment: Boeing and the union representing roughly 17,000 engineers and technical workers will resume contract negotiations on September 8. Workers previously rejected Boeing’s four-year offers and authorized a potential strike, creating a significant execution, cost and production risk if talks fail. Boeing, Engineers Union Agree to Resume Contract Talks
• Negative Sentiment: The latest quarterly results showed improving revenue but continued earnings pressure: sales rose 8% to $24.56 billion, while Boeing reported a $0.76-per-share loss that missed the $0.34 consensus loss estimate. High leverage, weak liquidity metrics and an estimated full-year loss reinforce concerns about the pace and cost of the turnaround. Boeing Stock Analysis: Sales Increase 8% to $24.6 Billion

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.