Compass Capital Management Inc. Acquires New Holdings in The Boeing Company $BA

Compass Capital Management Inc. bought a new stake in The Boeing Company (NYSE:BA) in the second quarter, Holdings Channel.com reports. The institutional investor bought 55,384 shares of the aircraft producer’s stock, valued at approximately $11,989,000.

Several other large investors also recently added to or reduced their stakes in the business. Measured Wealth Private Client Group LLC bought a new position in shares of Boeing during the 3rd quarter valued at $25,000. Strive Financial Group LLC acquired a new stake in shares of Boeing in the 4th quarter valued at $25,000. CrossGen Wealth LLC bought a new stake in Boeing in the fourth quarter worth $26,000. Ares Financial Consulting LLC bought a new stake in Boeing in the fourth quarter worth $26,000. Finally, 1 North Wealth Services LLC acquired a new position in Boeing during the fourth quarter worth $27,000. 64.82% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Boeing news, Director Bradley D. Tilden bought 1,370 shares of the stock in a transaction on Wednesday, May 20th. The shares were purchased at an average price of $218.50 per share, with a total value of $299,345.00. Following the acquisition, the director directly owned 1,370 shares of the company’s stock, valued at $299,345. This represents a ? increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.10% of the stock is currently owned by insiders.

Boeing Stock Down 0.1%

BA stock opened at $231.50 on Monday. The stock has a market capitalization of $182.97 billion, a price-to-earnings ratio of 100.21 and a beta of 1.21. The company has a 50-day moving average of $221.70 and a two-hundred day moving average of $222.79. 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 current ratio of 1.14 and a quick ratio of 0.33.

Boeing (NYSE:BA) last posted its quarterly earnings data on Tuesday, July 28th. The aircraft producer reported ($0.76) EPS for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $24.26 billion. During the same quarter in the previous year, the firm posted ($1.24) earnings per share. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. As a group, equities research analysts anticipate that The Boeing Company will post -0.87 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on BA shares. Wolfe Research lowered Boeing from an “outperform” rating to a “hold” rating in a report on Tuesday, August 11th. Sanford C. Bernstein initiated coverage on Boeing in a research note on Tuesday, August 11th. They set an “outperform” rating for the company. JPMorgan Chase & Co. increased their price objective on Boeing from $270.00 to $290.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. William Blair reissued an “outperform” rating on shares of Boeing in a research note on Tuesday, July 28th. Finally, Tigress Financial boosted their target price on Boeing from $295.00 to $305.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Boeing presently has a consensus rating of “Moderate Buy” and an average target price of $272.58.

Key Headlines Impacting Boeing

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 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.