Boeing (NYSE:BA) Trading Down 3.7% – Should You Sell?

The Boeing Company (NYSE:BA) shares traded down 3.7% during mid-day trading on Wednesday . The stock traded as low as $197.01 and last traded at $201.96. 12,797,540 shares changed hands during trading, an increase of 94% from the average daily volume of 6,586,926 shares. The stock had previously closed at $209.69.

More Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Korean Air finalized a record order for 103 Boeing aircraft valued at approximately $36.2 billion at list prices. The order spans 777-9 wide-body jets, 787 Dreamliners, 737-10 aircraft and freighters, providing significant long-term backlog visibility. Boeing, Korean Air finalize order for 103 aircraft
• Positive Sentiment: Boeing is reportedly close to finalizing a delayed order for 150 737 MAX jets from Turkish Airlines, potentially preserving another major commercial-aircraft sale after a dispute involving engine maintenance. Boeing salvages delayed Turkish Airlines order
• Positive Sentiment: The Pentagon increased the potential ceiling of Boeing’s KC-46 Pegasus contract to $19.1 billion from $5.7 billion and expanded it to foreign military sales. The change improves long-term defense revenue visibility, although it does not represent immediate revenue or cash because no funds were obligated with the ceiling increase. Pentagon Adds $13.4 Billion to Boeing Contract
• Neutral Sentiment: Boeing and RTX are also positioned to benefit from Pentagon initiatives to expand production of SM-3 missile interceptors, supporting the defense segment but offering limited near-term earnings clarity. Pentagon partners with Boeing and RTX
• Negative Sentiment: The delayed 737 MAX production ramp raises concerns about deliveries, cash generation and Boeing’s ability to convert its strong backlog into profitable results. The market remains sensitive to these issues because Boeing continues to face operational challenges and has yet to demonstrate consistently healthy commercial-aircraft margins. Boeing CEO says it is taking longer to stabilize 737 MAX output

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. William Blair reiterated an “outperform” rating on shares of Boeing in a research note on Tuesday, July 28th. The Goldman Sachs Group cut shares of Boeing from a “buy” rating to a “hold” rating in a report on Tuesday, August 11th. Wolfe Research downgraded shares of Boeing from an “outperform” rating to a “hold” rating in a research note on Tuesday, August 11th. Citigroup lowered shares of Boeing from a “buy” rating to a “sell” rating in a report on Tuesday, August 11th. Finally, Robert W. Baird set a $300.00 target price on Boeing in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $272.58.

Boeing Trading Down 3.7%

The company has a debt-to-equity ratio of 6.77, a quick ratio of 0.33 and a current ratio of 1.14. The company has a market cap of $159.62 billion, a price-to-earnings ratio of 87.43 and a beta of 1.21. The company’s fifty day moving average is $217.57 and its two-hundred day moving average is $218.82.

Boeing (NYSE:BA) last announced its quarterly earnings data on Tuesday, July 28th. The aircraft producer reported ($0.76) EPS for the quarter, missing the consensus estimate 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. 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 in the previous year, the firm posted ($1.24) earnings per share. On average, research analysts anticipate that The Boeing Company will post -0.91 EPS for the current year.

Institutional Investors Weigh In On Boeing

Hedge funds have recently added to or reduced their stakes in the business. Jupiter Topco LLC purchased a new position in shares of Boeing during the 2nd quarter valued at approximately $911,878,000. Bank of New York Mellon Corp acquired a new stake in Boeing during the second quarter valued at $747,763,000. Legal & General Group Plc acquired a new stake in Boeing during the second quarter valued at $710,816,000. Deutsche Bank AG purchased a new position in Boeing in the second quarter valued at $539,456,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Boeing in the second quarter valued at $441,997,000. 64.82% of the stock is owned by hedge funds and other institutional investors.

About Boeing

The Boeing Company is a global aerospace company that designs, manufactures and services commercial airplanes, military aircraft, satellites, space systems and other aerospace products. Its principal business areas include commercial airplanes, defense and security, and aftermarket services that support aircraft operations throughout their life cycles.

Boeing’s commercial portfolio includes the 737, 767, 777 and 787 families of jetliners, while its defense and space operations provide products and services for the U.S.