WNY Asset Management LLC Makes New $562,000 Investment in The Boeing Company $BA

WNY Asset Management LLC acquired a new position in The Boeing Company (NYSE:BAFree Report) during the first quarter, according to its most recent 13F filing with the SEC. The firm acquired 2,822 shares of the aircraft producer’s stock, valued at approximately $562,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Measured Wealth Private Client Group LLC purchased a new position in Boeing in the third quarter valued at approximately $25,000. Strive Financial Group LLC purchased a new stake in Boeing during the fourth quarter worth approximately $25,000. Ares Financial Consulting LLC purchased a new stake in Boeing during the fourth quarter worth approximately $26,000. CrossGen Wealth LLC acquired a new stake in shares of Boeing in the fourth quarter worth $26,000. Finally, Strategic Wealth Advisors LLC acquired a new stake in shares of Boeing in the fourth quarter worth $27,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BA has been the topic of several recent research reports. Tigress Financial lifted their target price on shares of Boeing from $290.00 to $295.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Btg Pactual set a $260.00 price objective on Boeing in a research report on Tuesday, July 14th. UBS Group reissued a “buy” rating on shares of Boeing in a research report on Wednesday. Citigroup boosted their price objective on Boeing from $256.00 to $260.00 and gave the stock a “buy” rating in a research note on Monday, May 18th. Finally, Royal Bank Of Canada decreased their target price on Boeing from $275.00 to $265.00 and set an “outperform” rating for the company in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Boeing has an average rating of “Moderate Buy” and an average target price of $264.11.

Get Our Latest Stock Report on BA

Insiders Place Their Bets

In other news, Director Bradley D. Tilden acquired 1,370 shares of the firm’s stock in a transaction on 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 transaction, the director directly owned 1,370 shares in the company, valued at approximately $299,345. This represents a ? increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.10% of the stock is currently owned by insiders.

Boeing Trading Down 1.9%

NYSE BA opened at $216.64 on Friday. The stock has a market cap of $171.23 billion, a P/E ratio of 93.78 and a beta of 1.21. The company’s fifty day simple moving average is $219.14 and its 200-day simple moving average is $223.92. The company has a current ratio of 1.14, a quick ratio of 0.35 and a debt-to-equity ratio of 6.77. The Boeing Company has a 52 week low of $176.77 and a 52 week high of $254.35.

Boeing (NYSE:BAGet Free Report) last released its quarterly earnings results on Tuesday, July 28th. The aircraft producer reported ($0.76) earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $24.26 billion. During the same period in the previous year, the business posted ($1.24) earnings per share. Boeing’s revenue for the quarter was up 8.0% on a year-over-year basis. Equities research analysts predict that The Boeing Company will post -0.81 EPS for the current fiscal year.

Trending Headlines about Boeing

Here are the key news stories impacting Boeing this week:

  • Positive Sentiment: Boeing’s commercial-airplane recovery remains the key catalyst. Reports indicate accelerating deliveries, with the company targeting as many as 600 commercial aircraft in 2026 and forecasting $1 billion to $3 billion in cash flow. Stronger deliveries could improve liquidity and help convert backlog into earnings and free cash flow. Boeing’s Delivery Pace Is Finally Accelerating Boeing’s recovery momentum surges with $24.6B revenue in Q2
  • Positive Sentiment: Boeing has offered a new contract to roughly 17,000 commercial-airplane engineers and technical workers, and union negotiators have endorsed the proposal. A successful agreement could reduce the risk of another labor disruption affecting production and deliveries. Boeing sends contract offer to engineers union
  • Positive Sentiment: JPMorgan raised its Boeing price target to $290, signaling greater confidence in the recovery outlook, although target changes are analyst opinions rather than guarantees. JPMorgan boosts Boeing price target
  • Neutral Sentiment: Coverage portrays Boeing as rebuilding customer and investor trust after years of safety and execution problems. The longer-term opportunity is significant, but the company still must demonstrate sustained profitability and operational consistency. The return of Boeing, and the long road to restore their reputation
  • Neutral Sentiment: RBC lowered its Boeing price target to $265, contrasting with JPMorgan’s increase and highlighting disagreement among analysts about the pace and reliability of the turnaround. RBC lowers Boeing price target
  • Negative Sentiment: A Government Accountability Office report found that Boeing’s $21 billion B-52 modernization program is already experiencing cost increases and schedule delays. Further overruns could pressure margins and raise concerns about execution in Boeing’s defense business. Boeing’s $21 billion B-52 upgrade faces cost overruns
  • Negative Sentiment: WestJet has begun parking Boeing 737 aircraft while negotiations with flight attendants remain unresolved. A strike or other labor disruption could temporarily reduce aircraft utilization and delay deliveries or related revenue, adding to Boeing’s broader labor and production risks. WestJet starts parking Boeing 737 jets

Boeing Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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