Opal Capital LLC Buys New Shares in The Boeing Company $BA

Opal Capital LLC purchased a new position in shares of The Boeing Company (NYSE:BA) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 9,372 shares of the aircraft producer’s stock, valued at approximately $1,865,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Princeton Capital Management LLC increased its stake in Boeing by 78.3% during the 4th quarter. Princeton Capital Management LLC now owns 12,249 shares of the aircraft producer’s stock worth $2,660,000 after purchasing an additional 5,381 shares in the last quarter. Rakuten Investment Management Inc. increased its position in Boeing by 502.3% during the fourth quarter. Rakuten Investment Management Inc. now owns 103,099 shares of the aircraft producer’s stock worth $22,398,000 after buying an additional 85,982 shares during the last quarter. Louisiana State Employees Retirement System bought a new stake in Boeing in the 1st quarter valued at $7,961,000. Vaughan Nelson Investment Management L.P. bought a new position in shares of Boeing in the fourth quarter valued at about $55,787,000. Finally, Patriot Financial Group Insurance Agency LLC lifted its position in Boeing by 103.8% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 11,240 shares of the aircraft producer’s stock worth $2,237,000 after acquiring an additional 5,726 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing News Roundup

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing reported second-quarter revenue of $24.6 billion, up 8% year over year and ahead of Wall Street expectations. Commercial aircraft deliveries rose to 171, the company’s strongest quarterly total since 2018, supporting the broader turnaround story. Boeing Q2 revenue tops estimates as jet deliveries climb, cash turns positive
• Positive Sentiment: Operating cash flow reached $1.4 billion and free cash flow was approximately $631 million. Management maintained its full-year free-cash-flow outlook of $1 billion to $3 billion, while CFO Brian West described a return to $10 billion in annual free cash flow as attainable over time. Boeing posts larger-than-expected Q2 loss as Air Force One costs rise
• Positive Sentiment: Total backlog reached a record $715.3 billion, including more than 6,200 commercial aircraft, providing substantial long-term revenue visibility. Boeing’s Q2 loss wider than estimated, revenues increase
• Neutral Sentiment: Investors appeared willing to look through the earnings miss because the $428 million net loss was narrower than the $612 million loss in the prior-year quarter and production is recovering. Shares also received favorable commentary from market commentator Jim Cramer, though such commentary is not a fundamental catalyst. Jim Cramer says Boeing stock is ready to run
• Negative Sentiment: Core loss per share was $0.76, substantially worse than the roughly $0.28 analyst consensus. Boeing recorded a further $280 million charge on the delayed Air Force One replacement program, which pushed its Defense, Space & Security segment into an operating loss and highlighted continuing fixed-price contract risk. Boeing posts bigger loss than expected as Air Force One costs weigh
• Negative Sentiment: The FAA said airlines should inspect seat installations on 453 Boeing 737 MAX aircraft after identifying improperly installed seats. The estimated cost is modest, but the issue adds another quality-control concern for Boeing and its regulators. FAA says seats on hundreds of Boeing 737 MAX were incorrectly installed

Insider Buying and Selling at Boeing

In other news, Director Bradley D. Tilden acquired 1,370 shares of Boeing stock in a transaction that occurred on Wednesday, May 20th. The stock was bought at an average price of $218.50 per share, with a total value of $299,345.00. Following the completion of the purchase, the director owned 1,370 shares in the company, valued at approximately $299,345. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.10% of the company’s stock.

Boeing Stock Performance

BA opened at $222.34 on Wednesday. The Boeing Company has a 1-year low of $176.77 and a 1-year high of $254.35. The company has a market cap of $175.27 billion, a price-to-earnings ratio of 107.93 and a beta of 1.21. The company’s fifty day moving average price is $219.32 and its two-hundred day moving average price is $224.16. The company has a current ratio of 1.18, a quick ratio of 0.35 and a debt-to-equity ratio of 7.42.

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). The business had revenue of $24.56 billion for the quarter, compared to analyst estimates of $24.26 billion. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period last year, the firm earned ($1.24) earnings per share. On average, analysts expect that The Boeing Company will post -0.33 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have issued reports on BA. Morgan Stanley boosted their price objective on shares of Boeing from $245.00 to $250.00 and gave the company an “equal weight” rating in a report on Thursday, April 23rd. Btg Pactual set a $260.00 price objective on Boeing in a research report on Tuesday, July 14th. Tigress Financial increased their target price on shares of Boeing from $290.00 to $295.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Citigroup raised their price target on shares of Boeing from $256.00 to $260.00 and gave the company a “buy” rating in a research note on Monday, May 18th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Boeing in a report on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $261.89.

Boeing Company 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.