NBT Bank N.A. Buys New Shares in The Boeing Company $BA

NBT Bank N.A. purchased a new stake in shares of The Boeing Company (NYSE:BA) during the 3rd quarter, Holdings Channel reports. The fund purchased 11,860 shares of the aircraft producer’s stock, valued at approximately $2,207,000.

Other institutional investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. lifted its holdings in shares of Boeing by 2.4% in the 3rd quarter. SBI Securities Co. Ltd. now owns 17,771 shares of the aircraft producer’s stock worth $3,306,000 after acquiring an additional 413 shares during the last quarter. Crescent Grove Advisors LLC boosted its stake in shares of Boeing by 25.0% during the 3rd quarter. Crescent Grove Advisors LLC now owns 2,547 shares of the aircraft producer’s stock worth $474,000 after purchasing an additional 510 shares during the period. Foster Victor Wealth Advisors LLC grew its holdings in Boeing by 14.4% during the 3rd quarter. Foster Victor Wealth Advisors LLC now owns 65,605 shares of the aircraft producer’s stock valued at $12,558,000 after purchasing an additional 8,255 shares during the last quarter. Massachusetts Wealth Management grew its holdings in Boeing by 10.6% during the 3rd quarter. Massachusetts Wealth Management now owns 7,560 shares of the aircraft producer’s stock valued at $1,407,000 after purchasing an additional 725 shares during the last quarter. Finally, Seamount Financial Group Inc. grew its holdings in Boeing by 10.2% during the 3rd quarter. Seamount Financial Group Inc. now owns 1,080 shares of the aircraft producer’s stock valued at $201,000 after purchasing an additional 100 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

BA has been the topic of a number of recent analyst reports. Rothschild & Co Redburn increased their price objective on shares of Boeing from $260.00 to $285.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Tigress Financial boosted their target price on Boeing from $295.00 to $305.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Zacks Research cut Boeing from a “hold” rating to a “strong sell” rating in a research note on Friday, October 16th. BNP Paribas Exane upgraded 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. Finally, Btg Pactual set a $260.00 price target on Boeing in a report on Tuesday, July 14th. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have issued a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $266.96.

Boeing Stock Down 2.5%

NYSE:BA opened at $187.46 on Friday. The company has a market cap of $148.17 billion, a price-to-earnings ratio of 81.15 and a beta of 1.26. The Boeing Company has a twelve month low of $176.77 and a twelve month high of $254.35. 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 stock has a fifty day simple moving average of $201.61 and a 200-day simple moving average of $215.33.

Boeing (NYSE:BA) last posted its quarterly 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). The company had revenue of $24.56 billion during the quarter, compared to the consensus estimate of $24.26 billion. Boeing had a negative return on equity of 346.82% and a net margin of 2.41%. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the company posted ($1.24) earnings per share. Analysts anticipate that The Boeing Company will post -1.08 EPS for the current year.

Key Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: The FAA granted final certification to the 737 MAX 10, clearing the way for deliveries of an aircraft with approximately 1,555 orders. The approval could help Boeing compete more effectively with Airbus’ A321neo and ease a key delivery bottleneck. Boeing 737 MAX 10 certification
• Positive Sentiment: Analysts said MAX 10 approval could support more stable production and deliveries as aircraft demand builds in 2027 and 2028, potentially improving Boeing’s cash flow and turnaround prospects. Boeing wins FAA certification
• Neutral Sentiment: Boeing is scheduled to report third-quarter results before the market opens on October 27. Analysts are focused on aircraft deliveries, services demand, production rates and other operating metrics, with some forecasts calling for double-digit earnings growth. Boeing earnings preview
• Negative Sentiment: Investors still face execution concerns ahead of earnings, including supply-chain delays, the need to ramp 737 MAX production and Boeing’s negative return on invested capital. These issues could limit the benefit of the MAX 10 certification if deliveries and profitability do not improve. Boeing stock before earnings
• Negative Sentiment: The certification news has not translated into sustained buying, likely because approval was widely expected. With Boeing trading at a high earnings multiple and carrying substantial leverage, investors may be demanding clearer evidence of improving cash generation before bidding the shares higher. Boeing receives FAA approval

Boeing Profile

The Boeing Company (NYSE: BA) is a global aerospace company that designs, manufactures and supports commercial airplanes, military aircraft, satellites, space systems and related products and services. Its offerings serve airlines, government agencies, defense organizations and other customers worldwide.

Boeing operates through three principal business areas: Commercial Airplanes, which develops and produces passenger and cargo aircraft; Defense, Space & Security, which provides military aircraft, weapons systems, satellites and space-related platforms; and Global Services, which offers parts, maintenance, training, engineering and other lifecycle support.

Founded in 1916 by William Boeing, the company has grown into one of the world’s major aerospace manufacturers.