Vise Technologies Inc. Makes New $5.84 Million Investment in The Boeing Company $BA

Vise Technologies Inc. bought a new position in The Boeing Company (NYSE:BA) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 31,400 shares of the aircraft producer’s stock, valued at approximately $5,842,000.

Several other institutional investors have also added to or reduced their stakes in the business. Grandfield & Dodd LLC increased its holdings in Boeing by 30.9% during the 3rd quarter. Grandfield & Dodd LLC now owns 93,327 shares of the aircraft producer’s stock valued at $17,364,000 after purchasing an additional 22,015 shares during the period. Investment Partners LTD. lifted its position in Boeing by 38.6% during the third quarter. Investment Partners LTD. now owns 2,300 shares of the aircraft producer’s stock valued at $428,000 after buying an additional 641 shares during the period. Summit Global Investments boosted its stake in Boeing by 65.7% during the third quarter. Summit Global Investments now owns 5,052 shares of the aircraft producer’s stock worth $940,000 after acquiring an additional 2,004 shares in the last quarter. Kassira Wealth Management LLC boosted its position in shares of Boeing by 37.0% in the 3rd quarter. Kassira Wealth Management LLC now owns 13,141 shares of the aircraft producer’s stock worth $2,445,000 after purchasing an additional 3,549 shares in the last quarter. Finally, MGO One Seven LLC boosted its holdings in Boeing by 0.6% in the third quarter. MGO One Seven LLC now owns 12,248 shares of the aircraft producer’s stock worth $2,279,000 after acquiring an additional 71 shares in the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on BA shares. The Goldman Sachs Group reissued a “buy” rating and issued a $238.00 target price on shares of Boeing in a report on Wednesday, October 28th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Boeing in a report on Monday, October 19th. Barclays decreased their price objective on Boeing from $300.00 to $250.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 28th. William Blair restated an “outperform” rating on shares of Boeing in a research report on Wednesday, September 30th. Finally, Scotiabank upgraded shares of Boeing to an “outperform” rating in a research note on Wednesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Boeing currently has an average rating of “Moderate Buy” and a consensus price target of $247.88.

Key Headlines Impacting Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: New 767 freighter agreement: Boeing and Icelease agreed to convert one 767-300 passenger aircraft into a Boeing Converted Freighter, with options for up to two additional conversions. The first aircraft is scheduled for induction in the first quarter of 2027 and delivery in the second quarter, providing incremental demand for Boeing’s freighter-conversion business. Boeing and Icelease Sign Agreement for up to Three 767-300 Boeing Converted Freighters
• Positive Sentiment: Defense-sector optimism: Commentary argued that improving cooperation between government agencies and defense contractors could reduce the risks associated with fixed-price development contracts and support share-price appreciation for companies including Boeing. This is a broad, forward-looking thesis rather than a new Boeing contract or financial update. Prediction: Defense Stocks Like Lockheed Martin, RTX, and Boeing Are Set to Soar

Boeing Stock Performance

NYSE:BA opened at $175.34 on Tuesday. The stock’s fifty day moving average is $195.34 and its 200 day moving average is $216.87. The company has a debt-to-equity ratio of 6.31, a quick ratio of 0.33 and a current ratio of 1.13. The Boeing Company has a fifty-two week low of $165.01 and a fifty-two week high of $254.35.

Boeing (NYSE:BA) last released its quarterly earnings results on Tuesday, October 27th. The aircraft producer reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.09). The firm had revenue of $24.19 billion for the quarter, compared to analysts’ expectations of $23.95 billion. Boeing had a negative return on equity of 42.40% and a net margin of 7.98%. Boeing’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the prior year, the firm posted ($7.47) earnings per share. As a group, equities research analysts forecast that The Boeing Company will post -1.72 earnings per share for the current fiscal year.

Boeing Company Profile

The Boeing Company (NYSE: BA) is a global aerospace company that designs, manufactures and supports commercial airplanes, military aircraft, satellites, space systems and related products and services. Its offerings serve airlines, government agencies, defense organizations and other customers worldwide.

Boeing operates through three principal business areas: Commercial Airplanes, which develops and produces passenger and cargo aircraft; Defense, Space & Security, which provides military aircraft, weapons systems, satellites and space-related platforms; and Global Services, which offers parts, maintenance, training, engineering and other lifecycle support.

Founded in 1916 by William Boeing, the company has grown into one of the world’s major aerospace manufacturers.