Nwam LLC Decreases Holdings in The Boeing Company $BA

Nwam LLC decreased its stake in The Boeing Company (NYSE:BA) by 19.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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.

A number of other institutional investors and hedge funds have also modified their holdings of BA. Measured Wealth Private Client Group LLC purchased a new stake in Boeing during the 3rd quarter worth approximately $25,000. Strive Financial Group LLC purchased a new position in shares of Boeing in the fourth quarter valued at approximately $25,000. CrossGen Wealth LLC purchased a new position in shares of Boeing in the fourth quarter valued at approximately $26,000. Strategic Wealth Advisors LLC purchased a new position in shares of Boeing in the fourth quarter valued at approximately $27,000. Finally, 1 North Wealth Services LLC acquired a new stake in shares of Boeing in the fourth quarter worth approximately $27,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Price Performance

BA stock opened at $207.93 on Tuesday. The company has a debt-to-equity ratio of 6.77, a current ratio of 1.14 and a quick ratio of 0.33. The business has a 50 day simple moving average of $220.34 and a 200-day simple moving average of $220.95. The firm has a market capitalization of $164.34 billion, a PE ratio of 90.01 and a beta of 1.21. The Boeing Company has a 1 year low of $176.77 and a 1 year high of $254.35.

Boeing (NYSE:BA) last posted its quarterly earnings results on Tuesday, July 28th. The aircraft producer reported ($0.76) 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 company had revenue of $24.56 billion during the quarter, compared to analyst estimates of $24.26 billion. During the same period in the prior year, the business posted ($1.24) EPS. Boeing’s revenue for the quarter 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 fiscal year.

Key Boeing News

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 Analysts Forecast Growth

Several analysts recently commented on the company. Btg Pactual set a $260.00 price target on Boeing in a research report on Tuesday, July 14th. Wolfe Research lowered Boeing from an “outperform” rating to a “hold” rating in a report on Tuesday, August 11th. William Blair reaffirmed an “outperform” rating on shares of Boeing in a research note on Tuesday, July 28th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Boeing in a report on Tuesday, July 21st. Finally, BNP Paribas Exane upgraded shares of Boeing from an “underperform” rating to an “outperform” rating and increased their target price for the company from $230.00 to $300.00 in a research report on Monday, August 3rd. One investment 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.com, the company has a consensus rating of “Moderate Buy” and an average target price of $272.58.

Boeing 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.