Pointe Capital Management LLC Makes New Investment in The Boeing Company $BA

Pointe Capital Management LLC purchased a new stake in shares of The Boeing Company (NYSE:BA) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 3,676 shares of the aircraft producer’s stock, valued at approximately $796,000.

Several other institutional investors have also recently bought and sold shares of BA. Measured Wealth Private Client Group LLC bought a new position in shares of Boeing in the third quarter worth about $25,000. Strive Financial Group LLC bought a new position in Boeing in the 4th quarter worth approximately $25,000. CrossGen Wealth LLC acquired a new position in Boeing during the 4th quarter valued at $26,000. Ares Financial Consulting LLC acquired a new position in shares of Boeing during the fourth quarter valued at about $26,000. Finally, 1 North Wealth Services LLC bought a new stake in shares of Boeing in the 4th quarter worth approximately $27,000. Institutional investors own 64.82% of the company’s stock.

Key Stories Impacting Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Major F-15 defense award: The U.S. Air Force awarded Boeing an indefinite-delivery/indefinite-quantity contract with a ceiling of approximately $131.2 billion for the F-15 Eagle Crest program. The agreement covers aircraft production, upgrades, maintenance and sustainment through August 2037, potentially strengthening Boeing’s defense revenue visibility and helping its struggling defense division. The full contract value is a ceiling rather than guaranteed revenue, so the actual financial benefit will depend on future orders. Reuters F-15 contract article
• Positive Sentiment: Turnaround and portfolio focus: Boeing sold three businesses in one week, including a transaction involving Archer Aviation. The divestitures could simplify the company, improve capital allocation and allow management to focus on commercial aircraft and core defense operations. The Archer arrangement adds strategic value, although analysts indicate it is unlikely to materially affect near-term earnings. Boeing business sales and Archer article
• Neutral Sentiment: Additional defense and commercial activity: Boeing continues to receive support from demand for its P-8 Poseidon program and delivered another 777 freighter to National Airlines. These developments reinforce aircraft demand and backlog potential but are relatively small compared with the F-15 award and are unlikely to change near-term valuation on their own. P-8 Poseidon demand article
• Negative Sentiment: Labor uncertainty: The Society of Professional Engineering Employees in Aerospace rejected Boeing’s proposed agreement by a wide margin. A difficult contract renegotiation could increase labor costs, disrupt engineering work or delay Boeing’s operational recovery. SPEEA vote article

Boeing Trading Up 0.3%

Shares of BA opened at $211.09 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 current ratio of 1.14, a quick ratio of 0.33 and a debt-to-equity ratio of 6.77. The stock has a 50 day simple moving average of $221.41 and a 200-day simple moving average of $221.85. The stock has a market cap of $166.84 billion, a PE ratio of 91.38 and a beta of 1.21.

Boeing (NYSE:BA) last posted its 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 negative return on equity of 346.82% and a net margin of 2.41%.The company had revenue of $24.56 billion for the quarter, compared to the consensus estimate of $24.26 billion. During the same quarter last year, the business earned ($1.24) EPS. Boeing’s quarterly revenue was up 8.0% compared to the same quarter last year. On average, sell-side analysts predict that The Boeing Company will post -0.87 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on BA shares. Citigroup cut Boeing from a “buy” rating to a “sell” rating in a research report on Tuesday, August 11th. Btg Pactual set a $260.00 target price on Boeing in a research report on Tuesday, July 14th. BNP Paribas Exane raised shares of Boeing from an “underperform” rating to an “outperform” rating and boosted their price target for the company from $230.00 to $300.00 in a report on Monday, August 3rd. Weiss Ratings restated a “sell (d+)” rating on shares of Boeing in a research note on Tuesday, July 21st. Finally, William Blair reaffirmed an “outperform” rating on shares of Boeing in a report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned 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, the company has an average 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.