2,786 Shares in The Boeing Company $BA Purchased by Bryn Mawr Trust Advisors LLC

Bryn Mawr Trust Advisors LLC bought a new position in shares of The Boeing Company (NYSE:BA) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,786 shares of the aircraft producer’s stock, valued at approximately $603,000.

Other large investors have also made changes to their positions in the company. Revolve Wealth Partners LLC acquired a new position in Boeing during the fourth quarter worth $201,000. Sivia Capital Partners LLC increased its stake in shares of Boeing by 16.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,529 shares of the aircraft producer’s stock worth $320,000 after acquiring an additional 217 shares during the last quarter. AXA S.A. increased its stake in shares of Boeing by 1,225.7% in the 2nd quarter. AXA S.A. now owns 34,655 shares of the aircraft producer’s stock worth $7,261,000 after acquiring an additional 32,041 shares during the last quarter. Ieq Capital LLC raised its holdings in shares of Boeing by 243.8% during the 2nd quarter. Ieq Capital LLC now owns 33,485 shares of the aircraft producer’s stock worth $7,016,000 after acquiring an additional 23,746 shares during the period. Finally, Alliancebernstein L.P. raised its holdings in shares of Boeing by 4.2% during the 2nd quarter. Alliancebernstein L.P. now owns 1,334,451 shares of the aircraft producer’s stock worth $279,608,000 after acquiring an additional 53,736 shares during the period. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on BA shares. UBS Group started coverage on shares of Boeing in a report on Tuesday. They issued a “buy” rating for the company. JPMorgan Chase & Co. boosted their target price on shares of Boeing from $270.00 to $290.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Weiss Ratings reissued a “sell (d+)” rating on shares of Boeing in a research note on Tuesday, July 21st. Tigress Financial lifted 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. Finally, Wolfe Research lowered Boeing from an “outperform” rating to a “hold” rating in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, Boeing currently has a consensus rating of “Moderate Buy” and a consensus target price of $272.58.

Boeing Stock Performance

Shares of BA stock opened at $231.50 on Friday. The Boeing Company has a one year low of $176.77 and a one year high of $254.35. The company has a debt-to-equity ratio of 6.77, a quick ratio of 0.33 and a current ratio of 1.14. The firm’s 50 day moving average price is $221.70 and its 200-day moving average price is $222.97. The firm has a market cap of $182.97 billion, a P/E ratio of 100.21 and a beta of 1.21.

Boeing (NYSE:BA) last announced its earnings results 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 net margin of 2.41% and a negative return on equity of 346.82%. The firm had revenue of $24.56 billion during the quarter, compared to analysts’ expectations of $24.26 billion. During the same period in the previous year, the firm earned ($1.24) EPS. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. As a group, equities research analysts predict that The Boeing Company will post -0.87 EPS for the current year.

Boeing News Summary

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: The Pentagon signed framework agreements with Boeing and RTX to increase production of components for SM-3 Block IIA and Block IB interceptor missiles. The seven-year arrangements could provide greater visibility for Boeing’s defense business and support incremental revenue, helping drive the stock higher. Pentagon signs deals with Boeing and RTX
• Positive Sentiment: Boeing is selling Wisk Aero, Insitu and SkyGrid to Archer Aviation in an all-stock transaction that gives Boeing an approximately 20% stake in Archer. Analysts view the deal as a way to exit a struggling, non-core air-taxi operation while retaining exposure to autonomy and electric-aircraft technologies, potentially sharpening Boeing’s turnaround focus. Boeing’s Wisk sale and portfolio strategy
• Positive Sentiment: Avolon agreed to lease up to seven Boeing 737-8200 aircraft to India’s Akasa Air. The transaction supports continued demand for Boeing’s narrow-body aircraft in one of the aviation industry’s fastest-growing markets. Avolon and Akasa Air 737 transaction
• Neutral Sentiment: Odysight.ai received a Boeing purchase order and will demonstrate AI-powered predictive-maintenance technology at two Boeing sites. The initiative could improve future maintenance capabilities and create supplier opportunities, but its immediate financial impact on BA is expected to be limited. Odysight.ai Boeing purchase order
• Neutral Sentiment: JLL is considering Boeing’s former Chicago headquarters for a potential global headquarters move. The move could benefit Boeing through property monetization or reduced real-estate obligations, though no transaction has been finalized. JLL considers Boeing’s former headquarters

Insider Buying and Selling at Boeing

In other news, Director Bradley D. Tilden acquired 1,370 shares of the company’s stock in a transaction dated Wednesday, May 20th. The stock was acquired at an average cost of $218.50 per share, with a total value of $299,345.00. Following the completion of the purchase, the director owned 1,370 shares of the company’s stock, valued at $299,345. This represents a ? increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.10% of the company’s stock.

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.