Prospect Financial Services LLC Acquires Shares of 41,428 The Boeing Company $BA

Prospect Financial Services LLC bought a new stake in The Boeing Company (NYSE:BA) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 41,428 shares of the aircraft producer’s stock, valued at approximately $8,968,000. Boeing makes up approximately 4.5% of Prospect Financial Services LLC’s investment portfolio, making the stock its 7th largest holding.

Other large investors have also made changes to their positions in the company. Purus Wealth Management LLC increased its position in shares of Boeing by 3.6% during the 4th quarter. Purus Wealth Management LLC now owns 1,177 shares of the aircraft producer’s stock worth $256,000 after purchasing an additional 41 shares in the last quarter. XML Financial LLC boosted its position in Boeing by 0.5% in the fourth quarter. XML Financial LLC now owns 8,905 shares of the aircraft producer’s stock valued at $1,933,000 after buying an additional 43 shares in the last quarter. Global Financial Private Client LLC boosted its position in Boeing by 1.1% in the fourth quarter. Global Financial Private Client LLC now owns 4,025 shares of the aircraft producer’s stock valued at $874,000 after buying an additional 44 shares in the last quarter. North Star Investment Management Corp. grew its stake in Boeing by 1.6% during the fourth quarter. North Star Investment Management Corp. now owns 2,833 shares of the aircraft producer’s stock worth $615,000 after buying an additional 44 shares during the last quarter. Finally, Strait & Sound Wealth Management LLC grew its stake in Boeing by 1.1% during the fourth quarter. Strait & Sound Wealth Management LLC now owns 3,915 shares of the aircraft producer’s stock worth $850,000 after buying an additional 44 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on BA shares. JPMorgan Chase & Co. lifted their price objective on Boeing from $270.00 to $290.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Argus raised shares of Boeing from a “hold” rating to a “buy” rating and set a $265.00 price target for the company in a research note on Tuesday, August 11th. Citigroup lowered shares of Boeing from a “buy” rating to a “sell” rating in a report on Tuesday. Barclays cut shares of Boeing from an “equal weight” rating to an “underweight” rating in a research note on Tuesday. Finally, UBS Group initiated coverage on shares of Boeing in a report on Tuesday. They set a “buy” rating for the company. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Boeing currently has a consensus rating of “Moderate Buy” and an average price target of $272.58.

Key Boeing News

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

Boeing Price Performance

NYSE BA opened at $231.50 on Friday. The Boeing Company has a 52-week low of $176.77 and a 52-week 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 business has a 50 day simple moving average of $221.70 and a 200 day simple moving average of $222.97. The stock has a market cap of $182.97 billion, a price-to-earnings ratio of 100.21 and a beta of 1.21.

Boeing (NYSE:BA) last posted its quarterly earnings data on Tuesday, July 28th. The aircraft producer reported ($0.76) EPS for the quarter, missing the consensus estimate 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 net margin of 2.41% and a negative return on equity of 346.82%. The company’s revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the firm posted ($1.24) earnings per share. Analysts anticipate that The Boeing Company will post -0.87 earnings per share for the current fiscal year.

Insider Activity at Boeing

In other news, Director Bradley D. Tilden acquired 1,370 shares of Boeing stock in a transaction dated Wednesday, May 20th. The stock was bought at an average cost of $218.50 per share, with a total value of $299,345.00. Following the completion of the transaction, the director directly owned 1,370 shares of the company’s stock, valued at approximately $299,345. This represents a ? increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is currently owned by company insiders.

About Boeing

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.