DCF Advisers LLC Buys Shares of 6,000 The Boeing Company $BA

DCF Advisers LLC bought a new stake in The Boeing Company (NYSE:BA) in the 2nd quarter, Holdings Channel reports. The institutional investor bought 6,000 shares of the aircraft producer’s stock, valued at approximately $1,299,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Measured Wealth Private Client Group LLC acquired a new stake in shares of Boeing during the 3rd quarter worth approximately $25,000. Strive Financial Group LLC acquired a new position in Boeing during the fourth quarter valued at approximately $25,000. CrossGen Wealth LLC bought a new stake in Boeing during the fourth quarter worth $26,000. Ares Financial Consulting LLC bought a new stake in Boeing during the fourth quarter worth $26,000. Finally, 1 North Wealth Services LLC acquired a new stake in shares of Boeing in the 4th quarter valued at $27,000. Institutional investors own 64.82% of the company’s stock.

Boeing News Summary

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing is pursuing an internal turnaround under CEO Kelly Ortberg, emphasizing engineering discipline, production quality and long-term aircraft development rather than short-term Wall Street targets. The strategy could improve execution and restore customer and investor confidence, although results will take time. How Kelly Ortberg is rebuilding Boeing from the inside out
• Positive Sentiment: Wright-Patterson Air Force Base awarded Boeing a $75 million contract for Air Force One spare parts, providing incremental support for the company’s defense and government-services business. Boeing $75 million Air Force One parts contract
• Positive Sentiment: Boeing and Lockheed Martin’s United Launch Alliance reportedly completed a $1.5 billion private bond offering—three times the initial target—suggesting strong investor demand for ULA financing and continued interest in its space business. Boeing Q2 earnings context

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on BA shares. Morgan Stanley lifted their price target on Boeing from $245.00 to $250.00 and gave the company an “equal weight” rating in a research note on Thursday, April 23rd. Citigroup downgraded Boeing from a “buy” rating to a “sell” rating in a research report on Tuesday, August 11th. William Blair reiterated an “outperform” rating on shares of Boeing in a research report on Tuesday, July 28th. Barclays cut shares of Boeing from an “equal weight” rating to an “underweight” rating in a report on Tuesday, August 11th. Finally, BNP Paribas Exane upgraded shares of Boeing from an “underperform” rating to an “outperform” rating and raised their price target for the company from $230.00 to $300.00 in a research note on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, Boeing currently has a consensus rating of “Moderate Buy” and an average target price of $272.58.

Boeing Stock Performance

NYSE:BA opened at $221.79 on Thursday. The stock’s 50-day moving average is $222.33 and its 200-day moving average is $222.44. The Boeing Company has a 1-year low of $176.77 and a 1-year high of $254.35. The company has a current ratio of 1.14, a quick ratio of 0.33 and a debt-to-equity ratio of 6.77. The stock has a market cap of $175.30 billion, a P/E ratio of 96.01 and a beta of 1.21.

Boeing (NYSE:BA) last issued its quarterly earnings data on Tuesday, July 28th. The aircraft producer reported ($0.76) earnings per share (EPS) 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 business had revenue of $24.56 billion during the quarter, compared to the consensus estimate of $24.26 billion. During the same quarter last year, the business earned ($1.24) EPS. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. Equities research analysts anticipate that The Boeing Company will post -0.87 earnings per share for the current year.

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.