Foster Victor Wealth Advisors LLC increased its stake in The Boeing Company (NYSE:BA – Free Report) by 14.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 65,605 shares of the aircraft producer’s stock after buying an additional 8,255 shares during the period. Foster Victor Wealth Advisors LLC’s holdings in Boeing were worth $12,558,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Massachusetts Wealth Management raised its stake in shares of Boeing by 10.6% during the third quarter. Massachusetts Wealth Management now owns 7,560 shares of the aircraft producer’s stock valued at $1,407,000 after acquiring an additional 725 shares in the last quarter. Seamount Financial Group Inc. grew its stake in Boeing by 10.2% in the third quarter. Seamount Financial Group Inc. now owns 1,080 shares of the aircraft producer’s stock worth $201,000 after purchasing an additional 100 shares in the last quarter. Axxcess Wealth Management LLC grew its stake in Boeing by 3.3% in the third quarter. Axxcess Wealth Management LLC now owns 21,261 shares of the aircraft producer’s stock worth $3,956,000 after purchasing an additional 672 shares in the last quarter. Crossmark Global Holdings Inc. grew its stake in Boeing by 12.3% in the third quarter. Crossmark Global Holdings Inc. now owns 11,725 shares of the aircraft producer’s stock worth $2,181,000 after purchasing an additional 1,282 shares in the last quarter. Finally, Sawyer & Company Inc purchased a new position in Boeing during the 3rd quarter worth $79,000. Institutional investors own 64.82% of the company’s stock.
Trending Headlines about Boeing
Here are the key news stories impacting Boeing this week:
- Positive Sentiment: FAA certification removes a major delivery bottleneck. The Federal Aviation Administration approved Boeing’s 737 MAX 10 after a lengthy safety-review and testing process. The certification allows Boeing to begin preparing deliveries of the largest MAX variant, with approximately 1,555 aircraft already backed by airline orders. The first deliveries are expected in 2027, improving Boeing’s ability to convert its backlog into revenue and customer payments. Reuters article
- Positive Sentiment: The MAX 10 could support cash-flow recovery. Analysts at Bank of America said certification should help stabilize production and deliveries as aircraft demand strengthens in 2027 and 2028. Delivering aircraft that have been held up by certification could release working capital, help recover deferred 737 production costs and support Boeing’s longer-term free-cash-flow objectives. Alaska Airlines has also endorsed the aircraft, reinforcing customer demand. Proactive Investors article
- Positive Sentiment: Dataliner adds a potential higher-margin services catalyst. Boeing introduced Dataliner, an AI-powered aircraft-data platform developed with Microsoft. The product is designed to help airlines improve maintenance and operations while retaining control of their data, potentially expanding recurring software revenue and supporting margins in Boeing Global Services. Boeing Dataliner announcement
- Neutral Sentiment: Investors may wait for execution before revaluing BA. Certification was expected after years of delays, so the immediate focus is shifting to production rates, delivery timing and the pace of cash-flow improvement. Boeing’s upcoming third-quarter earnings report on October 27 is likely to provide more evidence.
- Negative Sentiment: Near-term financial headwinds remain. A reported Department of Justice settlement payment of roughly $700 million, elevated debt, defense-program cost overruns and continued execution concerns could offset some of the positive MAX 10 impact. Analysts have trimmed targets amid these cash-burn risks. MarketBeat article
Boeing Stock Up 1.0%
NYSE BA opened at $192.32 on Thursday. The firm’s 50 day moving average price is $202.47 and its 200-day moving average price is $215.47. 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 52-week low of $176.77 and a 52-week high of $254.35.
Boeing (NYSE:BA – Get Free Report) last announced its quarterly 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 company had revenue of $24.56 billion during the quarter, compared to analysts’ expectations of $24.26 billion. Boeing had a net margin of 2.41% and a negative return on equity of 346.82%. The company’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($1.24) earnings per share. On average, equities analysts forecast that The Boeing Company will post -1.08 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on the company. Bank of America reaffirmed a “buy” rating and set a $270.00 target price on shares of Boeing in a research report on Friday, September 18th. The Goldman Sachs Group downgraded Boeing from a “buy” rating to a “hold” rating in a research report on Tuesday, August 11th. William Blair restated an “outperform” rating on shares of Boeing in a research note on Wednesday, September 30th. TD Cowen cut their price target on Boeing from $250.00 to $240.00 and set a “buy” rating on the stock in a research note on Friday, October 9th. Finally, DZ Bank restated a “buy” rating on shares of Boeing in a report on Thursday, August 6th. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have assigned a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $266.96.
Check Out Our Latest Research Report on BA
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.
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