The Boeing Company $BA Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC decreased its holdings in shares of The Boeing Company (NYSE:BA) by 9.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,478 shares of the aircraft producer’s stock after selling 3,349 shares during the period. Sterling Capital Management LLC’s holdings in Boeing were worth $6,229,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. B.O.S.S. Retirement Advisors LLC grew its stake in shares of Boeing by 1.4% in the 1st quarter. B.O.S.S. Retirement Advisors LLC now owns 3,175 shares of the aircraft producer’s stock valued at $632,000 after purchasing an additional 44 shares during the period. Horizon Bancorp Inc. IN raised its holdings in shares of Boeing by 3.1% in the 1st quarter. Horizon Bancorp Inc. IN now owns 1,493 shares of the aircraft producer’s stock worth $297,000 after buying an additional 45 shares in the last quarter. Howe & Rusling Inc. raised its holdings in shares of Boeing by 2.5% in the 1st quarter. Howe & Rusling Inc. now owns 2,024 shares of the aircraft producer’s stock worth $403,000 after buying an additional 49 shares in the last quarter. Paul R. Ried Financial Group LLC lifted its position in shares of Boeing by 0.3% during the 1st quarter. Paul R. Ried Financial Group LLC now owns 18,060 shares of the aircraft producer’s stock worth $3,594,000 after buying an additional 49 shares during the period. Finally, Barnes Pettey Financial Advisors LLC lifted its position in shares of Boeing by 4.0% during the 1st quarter. Barnes Pettey Financial Advisors LLC now owns 1,307 shares of the aircraft producer’s stock worth $260,000 after buying an additional 50 shares during the period. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Stock Performance

NYSE BA opened at $188.36 on Friday. The firm has a market cap of $148.87 billion, a price-to-earnings ratio of 81.54 and a beta of 1.26. The company has a 50 day moving average of $200.75 and a 200-day moving average of $215.14. 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 Boeing Company has a 1-year low of $176.77 and a 1-year high of $254.35.

Boeing (NYSE:BA) last posted its earnings results 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). The firm had revenue of $24.56 billion during the quarter, compared to the consensus estimate of $24.26 billion. Boeing had a net margin of 2.41% and a negative return on equity of 346.82%. The business’s revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the firm posted ($1.24) EPS. On average, equities analysts forecast that The Boeing Company will post -1.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Bank of America reaffirmed a “buy” rating and issued a $270.00 price target on shares of Boeing in a research note on Friday, September 18th. DZ Bank reiterated a “buy” rating on shares of Boeing in a research note on Thursday, August 6th. Jefferies Financial Group dropped their price objective on Boeing from $295.00 to $265.00 and set a “buy” rating for the company in a research note on Monday, September 21st. Weiss Ratings reissued a “sell (d+)” rating on shares of Boeing in a report on Monday, October 19th. Finally, Royal Bank Of Canada reduced their target price on shares of Boeing from $265.00 to $235.00 and set an “outperform” rating on the stock in a research note on Thursday, October 15th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $266.96.

Key Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: The FAA has granted final certification for Boeing’s long-delayed 737 MAX 10, removing a significant hurdle for deliveries and allowing the aircraft to compete more directly with Airbus’ A321neo. The approval could support Boeing’s backlog, revenue, cash flow, and long-term competitiveness. Boeing wins FAA certification for 737 MAX 10
• Positive Sentiment: Analysts and investors expect the MAX 10 approval, rising aircraft deliveries, and stronger commercial-services demand to improve earnings and support Boeing’s turnaround. A production recovery could also improve margins across the aerospace supply chain. Great News for Boeing Investors
• Positive Sentiment: GA-ASI, a General Atomics business, is partnering with Spirit Defense, a Boeing company, to support airframe production for the FQ-42 Vengeance Collaborative Combat Aircraft. The relationship highlights potential defense-manufacturing activity for Boeing-affiliated operations, although the financial impact was not disclosed. GA-ASI Partnering With Spirit Defense For FQ-42 CCA Production
• Neutral Sentiment: Boeing is scheduled to report third-quarter results before the market opens on October 27. Investors will focus on deliveries, free cash flow, MAX production, services demand, and management’s guidance for the recovery. Boeing Stock Preps the Runway Ahead of Earnings
• Negative Sentiment: Despite the certification win, investors remain concerned about Boeing’s high debt burden, weak liquidity metrics, supply-chain delays, negative returns on invested capital, and the company’s ability to convert production growth into sustainable cash flow. What’s Going on With Boeing Shares on Friday?

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.