Nwam LLC Reduces Holdings in The Boeing Company $BA

Nwam LLC reduced its stake in The Boeing Company (NYSE:BA) by 19.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 42,564 shares of the aircraft producer’s stock after selling 10,442 shares during the quarter. Nwam LLC’s holdings in Boeing were worth $9,214,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Revolve Wealth Partners LLC acquired a new stake in shares of Boeing during the fourth quarter worth about $201,000. Sivia Capital Partners LLC increased its holdings in 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 buying an additional 217 shares during the period. AXA S.A. raised its position in Boeing by 1,225.7% during the 2nd quarter. AXA S.A. now owns 34,655 shares of the aircraft producer’s stock worth $7,261,000 after buying an additional 32,041 shares during the last quarter. Ieq Capital LLC raised its position in 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 buying an additional 23,746 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its stake in Boeing by 4.2% during the 2nd quarter. Alliancebernstein L.P. now owns 1,334,451 shares of the aircraft producer’s stock valued at $279,608,000 after acquiring an additional 53,736 shares during the period. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Price Performance

Shares of NYSE BA opened at $207.93 on Tuesday. The stock has a market capitalization of $164.34 billion, a price-to-earnings ratio of 90.01 and a beta of 1.21. The Boeing Company has a 12 month low of $176.77 and a 12 month high of $254.35. The firm’s 50 day simple moving average is $220.34 and its 200-day simple moving average is $220.95. The company has a debt-to-equity ratio of 6.77, a current ratio of 1.14 and a quick ratio of 0.33.

Boeing (NYSE:BA) last posted its earnings results on Tuesday, July 28th. The aircraft producer reported ($0.76) earnings per share (EPS) for the quarter, missing the consensus estimate 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 analyst estimates of $24.26 billion. During the same quarter in the prior year, the firm earned ($1.24) earnings per share. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. Analysts expect that The Boeing Company will post -0.87 EPS for the current year.

Key Headlines Impacting Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Contract negotiations will resume: Boeing and the union representing approximately 17,000 engineers and technical workers agreed to restart negotiations on September 8. Resuming talks could reduce the immediate risk of a work stoppage if the parties reach an agreement. Boeing, engineers union agree to resume contract talks on Sept 8, union says
• Positive Sentiment: 737 production is accelerating: Reports indicate Boeing’s 737 production line is operating at its fastest pace in years. Higher output could support aircraft deliveries, revenue, cash generation and backlog reduction, although investors remain focused on whether Boeing can sustain the pace while maintaining quality. Boeing Is Building 737s Faster Than It Has in Years. But Its Engineers Just Authorized an October Strike.
• Neutral Sentiment: Additional credit capacity improves financial flexibility: Boeing reportedly secured a new $3 billion facility and expanded total credit lines to about $10 billion. The liquidity provides a buffer against production or labor disruptions, but also underscores the company’s need to preserve cash and manage its heavy debt burden. Boeing secures $10B in total credit lines
• Neutral Sentiment: Finance leadership transition: Boeing appointed Ryan L. Shedd as senior vice president and controller, succeeding retiring executive Michael J. Cleary. The planned transition is not expected to materially alter near-term earnings, but financial reporting oversight remains important during Boeing’s recovery. Boeing names Ryan L. Shedd senior vice president and controller
• Negative Sentiment: Strike risk remains the main overhang: Engineers rejected Boeing’s four-year contract proposals by wide margins and authorized a potential strike. Existing contracts expire October 6, creating a risk that a walkout could interrupt engineering, production and certification work just as 737 output is improving. Boeing engineers authorize potential October strike
• Negative Sentiment: Delivery concerns temper the production news: Commentary warns that a faster build rate does not automatically translate into deliveries or cash flow if aircraft remain held for inspections, rework or customer acceptance. This keeps execution and quality-control risks central to the BA investment case. Boeing: Don’t Let the Delivery Drop Fool You

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Royal Bank Of Canada dropped their price objective on shares of Boeing from $275.00 to $265.00 and set an “outperform” rating on the stock in a report on Wednesday, July 29th. Argus raised shares of Boeing from a “hold” rating to a “buy” rating and set a $265.00 target price for the company in a report on Tuesday, August 11th. William Blair restated an “outperform” rating on shares of Boeing in a research report on Tuesday, July 28th. JPMorgan Chase & Co. upped their price target on shares of Boeing from $270.00 to $290.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Finally, Cantor Fitzgerald downgraded Boeing to a “neutral” rating in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $272.58.

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.