The Boeing Company $BA Stock Acquired by Keybank National Association OH

Keybank National Association OH boosted its stake in The Boeing Company (NYSE:BA) by 11.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 342,847 shares of the aircraft producer’s stock after purchasing an additional 34,549 shares during the quarter. Keybank National Association OH’s holdings in Boeing were worth $63,787,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Jupiter Topco LLC acquired a new position in shares of Boeing in the 2nd quarter valued at $911,878,000. Bank of New York Mellon Corp acquired a new stake in shares of Boeing during the 2nd quarter worth $747,763,000. Legal & General Group Plc acquired a new stake in shares of Boeing during the 2nd quarter worth $710,816,000. Deutsche Bank AG acquired a new stake in shares of Boeing during the 2nd quarter worth $539,456,000. Finally, Swiss National Bank raised its position in shares of Boeing by 7.6% in the 1st quarter. Swiss National Bank now owns 2,298,077 shares of the aircraft producer’s stock worth $457,386,000 after buying an additional 163,000 shares during the period. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Boeing Price Performance

BA opened at $173.37 on Wednesday. The company has a quick ratio of 0.34, a current ratio of 1.13 and a debt-to-equity ratio of 6.31. The Boeing Company has a 52-week low of $165.01 and a 52-week high of $254.35. The company has a 50 day moving average of $190.95 and a two-hundred day moving average of $214.64. The company has a market cap of $137.39 billion, a P/E ratio of 18.86 and a beta of 1.34.

Boeing (NYSE:BA) last released its quarterly earnings data on Tuesday, October 27th. The aircraft producer reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($0.09). Boeing had a negative return on equity of 42.40% and a net margin of 7.98%. The business had revenue of $24.19 billion during the quarter, compared to analyst estimates of $23.95 billion. During the same period in the previous year, the company earned ($7.47) EPS. Boeing’s revenue was up 3.9% on a year-over-year basis. On average, analysts expect that The Boeing Company will post -1.84 earnings per share for the current year.

Insider Buying and Selling at Boeing

In other Boeing news, Director Steven Mollenkopf purchased 2,950 shares of the firm’s stock in a transaction that occurred on Friday, October 30th. The stock was purchased at an average cost of $173.03 per share, with a total value of $510,438.50. Following the transaction, the director owned 6,717 shares in the company, valued at approximately $1,162,242.51. This trade represents a 78.31% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mortimer Buckley purchased 5,820 shares of the stock in a transaction that occurred on Friday, October 30th. The stock was bought at an average price of $171.55 per share, with a total value of $998,421.00. Following the completion of the acquisition, the director owned 10,250 shares in the company, valued at $1,758,387.50. This represents a 131.38% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

BA has been the topic of a number of research analyst reports. Zacks Research cut Boeing from a “hold” rating to a “strong sell” rating in a report on Friday, October 16th. Deutsche Bank Aktiengesellschaft boosted their price target on Boeing from $244.00 to $248.00 and gave the company a “hold” rating in a research report on Wednesday, July 29th. Sanford C. Bernstein dropped their price target on Boeing from $278.00 to $223.00 and set an “outperform” rating for the company in a research note on Thursday, October 29th. William Blair restated an “outperform” rating on shares of Boeing in a research note on Wednesday, September 30th. Finally, DZ Bank restated a “buy” rating on shares of Boeing in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $247.88.

Trending Headlines about Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing recorded its strongest October aircraft orders since 1997, a sign of solid demand that could support its longer-term production backlog. Article: Boeing posts strongest October aircraft orders since 1997
• Neutral Sentiment: A Boeing executive said the company will stay close to the factory floor to obtain candid safety information. The focus on safety may support oversight, though the report gives no new operational changes or financial targets. Article: Boeing to stay close to factory floor for tough safety information, exec says
• Negative Sentiment: October jet deliveries fell 14% and were down from both the prior month and year-earlier period, trailing Airbus’s tally. Fewer deliveries can delay revenue and cash collection, making this a near-term execution concern despite strong orders. Article: Boeing jet deliveries drop 14% in October
• Negative Sentiment: Boeing plans to cut about 5% of its Commercial Airplanes workforce—roughly 2,500 employees—through layoffs and attrition. Management cited slower-than-expected production growth and overstaffing. The cuts may reduce costs, but they also underscore delays in ramping up aircraft output and weighed on sentiment. Article: Boeing to cut 5% of commercial airplane workforce as production increase is slower than expected

About Boeing

The Boeing Company is an aerospace manufacturer that designs, builds and supports commercial airplanes, defense products and space systems. Its commercial aircraft include the 737, 767, 777 and 787 families, which serve passenger and cargo operators around the world. Boeing’s defense, space and security business supplies military aircraft, helicopters, weapons, satellites and related systems, as well as services for government customers. Its Boeing Global Services business provides support such as maintenance, parts, training and logistics for commercial and government customers.