Commerce Bank Buys New Stake in The Boeing Company $BA

Commerce Bank purchased a new position in The Boeing Company (NYSE:BA) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 57,747 shares of the aircraft producer’s stock, valued at approximately $12,500,000.

Other hedge funds also recently bought and sold shares of the company. Measured Wealth Private Client Group LLC bought a new stake in Boeing during the third quarter worth approximately $25,000. Strive Financial Group LLC purchased a new stake in Boeing during the fourth quarter valued at approximately $25,000. CrossGen Wealth LLC purchased a new stake in Boeing during the fourth quarter valued at approximately $26,000. Ares Financial Consulting LLC bought a new stake in shares of Boeing in the 4th quarter valued at approximately $26,000. Finally, 1 North Wealth Services LLC bought a new stake in shares of Boeing in the 4th quarter valued at approximately $27,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on BA. Cantor Fitzgerald downgraded Boeing to a “neutral” rating in a research report on Tuesday, August 11th. William Blair restated an “outperform” rating on shares of Boeing in a research report on Tuesday, July 28th. Sanford C. Bernstein began coverage on shares of Boeing in a research note on Tuesday, August 11th. They set an “outperform” rating for the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Boeing in a research note on Tuesday, July 21st. Finally, Citigroup cut shares of Boeing from a “buy” rating to a “sell” rating in a research report on Tuesday, August 11th. One equities research 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $272.58.

Boeing Stock Performance

BA opened at $214.20 on Monday. The stock has a market cap of $169.30 billion, a price-to-earnings ratio of 92.73 and a beta of 1.21. The stock’s 50 day moving average price is $222.11 and its 200-day moving average price is $222.18. 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.

Boeing (NYSE:BA) last issued 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). Boeing had a negative return on equity of 346.82% and a net margin of 2.41%.The business had revenue of $24.56 billion during the quarter, compared to analysts’ expectations of $24.26 billion. During the same quarter in the previous year, the company posted ($1.24) earnings per share. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. On average, equities analysts forecast that The Boeing Company will post -0.87 EPS for the current year.

Key Stories Impacting Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: The U.S. State Department approved a potential $4.5 billion sale of KC-46A tanker aircraft to Qatar. The approval supports Boeing’s defense backlog, although the transaction still requires finalization. US approves potential $4.5B sale of Boeing KC-46A tankers to Qatar
• Positive Sentiment: Boeing’s agreement to sell or transfer businesses including Wisk Aero, Insitu and SkyGrid to Archer Aviation, while taking a strategic stake in Archer, could generate cash and provide exposure to autonomous and electric aviation markets. However, the deal’s financial impact and execution remain uncertain. Archer Aviation bets big on becoming more than an air taxi company
• Neutral Sentiment: AerCap delivered its tenth Boeing 787 to Grupo Aeromexico, marking its 100th 787 delivery from its direct order book. The milestone signals continuing customer demand for the Dreamliner but is not a new Boeing order or immediate revenue catalyst. AerCap Holdings compared with Boeing
• Negative Sentiment: Voting ends on Boeing’s proposed four-year contract with the Society of Professional Engineering Employees in Aerospace, representing roughly 17,000 engineers and technical workers. A rejection could authorize a strike after the current contracts expire on October 6, raising concerns about production, certification and delivery schedules. Results were expected Friday afternoon. Boeing white-collar union contract vote results expected today
• Negative Sentiment: The labor uncertainty is outweighing recent operating progress, including higher commercial deliveries and efforts to increase 737 production. Investors appear concerned that a work stoppage could interrupt Boeing’s recovery. Boeing slides as labor vote uncertainty outweighs operational progress
• Negative Sentiment: Boeing is advancing repairs to Air Force One, but window replacement and interior work could threaten the program’s schedule, adding another execution risk to the company’s defense business. Boeing advances Air Force One repairs

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.