Commerce Bank Makes New $12.50 Million Investment in The Boeing Company $BA

Commerce Bank bought a new position in shares of The Boeing Company (NYSE:BA) during the second quarter, HoldingsChannel reports. The institutional investor bought 57,747 shares of the aircraft producer’s stock, valued at approximately $12,500,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Measured Wealth Private Client Group LLC bought a new position in Boeing in the third quarter worth approximately $25,000. Strive Financial Group LLC bought a new stake in Boeing during the 4th quarter valued at $25,000. Ares Financial Consulting LLC purchased a new stake in shares of Boeing in the 4th quarter worth $26,000. CrossGen Wealth LLC purchased a new stake in shares of Boeing in the 4th quarter worth $26,000. Finally, Strategic Wealth Advisors LLC bought a new position in shares of Boeing during the 4th quarter worth $27,000. Institutional investors own 64.82% of the company’s stock.

Boeing News Roundup

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: The U.S. State Department approved a potential $4.5 billion sale of KC-46A tanker aircraft to Qatar. The approval supports Boeing’s defense backlog, although the transaction still requires finalization. US approves potential $4.5B sale of Boeing KC-46A tankers to Qatar
• Positive Sentiment: Boeing’s agreement to sell or transfer businesses including Wisk Aero, Insitu and SkyGrid to Archer Aviation, while taking a strategic stake in Archer, could generate cash and provide exposure to autonomous and electric aviation markets. However, the deal’s financial impact and execution remain uncertain. Archer Aviation bets big on becoming more than an air taxi company
• Neutral Sentiment: AerCap delivered its tenth Boeing 787 to Grupo Aeromexico, marking its 100th 787 delivery from its direct order book. The milestone signals continuing customer demand for the Dreamliner but is not a new Boeing order or immediate revenue catalyst. AerCap Holdings compared with Boeing
• Negative Sentiment: Voting ends on Boeing’s proposed four-year contract with the Society of Professional Engineering Employees in Aerospace, representing roughly 17,000 engineers and technical workers. A rejection could authorize a strike after the current contracts expire on October 6, raising concerns about production, certification and delivery schedules. Results were expected Friday afternoon. Boeing white-collar union contract vote results expected today
• Negative Sentiment: The labor uncertainty is outweighing recent operating progress, including higher commercial deliveries and efforts to increase 737 production. Investors appear concerned that a work stoppage could interrupt Boeing’s recovery. Boeing slides as labor vote uncertainty outweighs operational progress
• Negative Sentiment: Boeing is advancing repairs to Air Force One, but window replacement and interior work could threaten the program’s schedule, adding another execution risk to the company’s defense business. Boeing advances Air Force One repairs

Boeing Stock Performance

Shares of NYSE BA opened at $214.20 on Monday. 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 stock has a market capitalization of $169.30 billion, a P/E ratio of 92.73 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. The business has a fifty day moving average price of $222.11 and a 200 day moving average price of $222.18.

Boeing (NYSE:BA) last issued its quarterly earnings data 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 company had revenue of $24.56 billion for the quarter, compared to the consensus estimate of $24.26 billion. During the same period in the previous year, the business earned ($1.24) EPS. Boeing’s revenue for the quarter was up 8.0% compared to the same quarter last year. Equities research analysts expect that The Boeing Company will post -0.87 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on BA shares. JPMorgan Chase & Co. raised their price target on Boeing from $270.00 to $290.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Sanford C. Bernstein assumed coverage on shares of Boeing in a research note on Tuesday, August 11th. They issued an “outperform” rating for the company. Royal Bank Of Canada reduced their price target on shares of Boeing from $275.00 to $265.00 and set an “outperform” rating for the company in a report on Wednesday, July 29th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Boeing in a research report on Tuesday, July 21st. Finally, William Blair reiterated an “outperform” rating on shares of Boeing in a research note on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, Boeing has a consensus rating of “Moderate Buy” and a consensus target price of $272.58.

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.