Dearborn Partners LLC Takes Position in The Boeing Company $BA

Dearborn Partners LLC purchased a new position in The Boeing Company (NYSE:BA) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 2,929 shares of the aircraft producer’s stock, valued at approximately $583,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in BA. Measured Wealth Private Client Group LLC purchased a new position in Boeing during the third quarter valued at $25,000. Strive Financial Group LLC bought a new stake in Boeing in the fourth quarter worth $25,000. Ares Financial Consulting LLC purchased a new stake in shares of Boeing in the fourth quarter worth $26,000. CrossGen Wealth LLC bought a new position in shares of Boeing during the fourth quarter valued at $26,000. Finally, Strategic Wealth Advisors LLC bought a new position in shares of Boeing during the fourth quarter valued at $27,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analysts Set New Price Targets

BA has been the subject of several recent analyst reports. Barclays lowered Boeing from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, August 11th. Btg Pactual set a $260.00 price objective on shares of Boeing in a research note on Tuesday, July 14th. Argus upgraded shares of Boeing from a “hold” rating to a “buy” rating and set a $265.00 price objective for the company in a research note on Tuesday, August 11th. Wolfe Research cut shares of Boeing from an “outperform” rating to a “hold” rating in a report on Tuesday, August 11th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Boeing in a report on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Boeing presently has an average rating of “Moderate Buy” and an average price target of $272.58.

Boeing Trading Down 1.7%

NYSE:BA opened at $210.50 on Tuesday. The company has a market cap of $166.37 billion, a PE ratio of 91.13 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. The company has a 50 day simple moving average of $221.74 and a two-hundred day simple moving average of $222.02. The Boeing Company has a 12 month low of $176.77 and a 12 month high of $254.35.

Boeing (NYSE:BA) last released its quarterly earnings results on Tuesday, July 28th. The aircraft producer reported ($0.76) earnings per share for the quarter, missing the consensus estimate of ($0.34) by ($0.42). The firm had revenue of $24.56 billion for the quarter, compared to the consensus estimate of $24.26 billion. Boeing had a net margin of 2.41% and a negative return on equity of 346.82%. Boeing’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the company earned ($1.24) earnings per share. Research analysts forecast that The Boeing Company will post -0.87 earnings per share for the current year.

Trending Headlines about Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing received a U.S. Department of War indefinite-delivery/indefinite-quantity contract with a ceiling value of $131.23 billion to support the F-15 Eagle Crest program. Although the ceiling is not guaranteed revenue, the award strengthens Boeing’s long-term defense backlog and could provide significant future cash flow. Boeing awarded contract for F-15 program
• Positive Sentiment: Strong maritime-defense demand is supporting Boeing’s P-8 Poseidon business, including a new $156.2 million contract. The award adds evidence that Boeing’s defense segment can supplement its commercial-aircraft recovery. P-8 Poseidon defense growth
• Positive Sentiment: National Airlines accepted its fourth Boeing 777-200 Freighter, highlighting ongoing cargo-aircraft demand and supporting Boeing’s production and delivery activity. National Airlines receives Boeing 777 freighter
• Neutral Sentiment: Analysts continue to focus on Boeing’s ability to increase 737 MAX production against its substantial backlog. Higher output could improve revenue and benefit suppliers, but execution, regulatory oversight and supply-chain constraints remain important risks. Boeing production and suppliers
• Negative Sentiment: Members of the Society of Professional Engineering Employees in Aerospace reportedly rejected Boeing’s proposed agreement by a wide margin. The labor setback raises the risk of extended negotiations, higher costs or disruption to engineering and production programs. SPEEA rejects Boeing proposal
• Negative Sentiment: United Airlines is reconsidering how to use premium seats ordered for delayed 737 MAX 10 aircraft, underscoring the model’s prolonged certification and delivery delays. Continued uncertainty could weigh on Boeing’s delivery targets and customer relationships. United Airlines and 737 MAX 10 delays

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.