Quantinno Capital Management LP Has $64.68 Million Stock Position in The Boeing Company $BA

Quantinno Capital Management LP boosted its stake in shares of The Boeing Company (NYSE:BA) by 137.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 324,964 shares of the aircraft producer’s stock after acquiring an additional 188,178 shares during the quarter. Quantinno Capital Management LP’s holdings in Boeing were worth $64,678,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Southpoint Capital Advisors LP bought a new position in shares of Boeing in the first quarter worth about $139,321,000. Jessup Wealth Management Inc grew its stake in shares of Boeing by 11.9% during the first quarter. Jessup Wealth Management Inc now owns 3,140 shares of the aircraft producer’s stock valued at $625,000 after purchasing an additional 334 shares during the last quarter. Gateway Wealth Partners LLC grew its stake in shares of Boeing by 140.0% during the first quarter. Gateway Wealth Partners LLC now owns 10,451 shares of the aircraft producer’s stock valued at $2,080,000 after purchasing an additional 6,096 shares during the last quarter. Delta Global Management LP bought a new stake in shares of Boeing during the first quarter valued at approximately $2,146,000. Finally, OMERS ADMINISTRATION Corp increased its holdings in shares of Boeing by 32.4% in the first quarter. OMERS ADMINISTRATION Corp now owns 37,128 shares of the aircraft producer’s stock valued at $7,390,000 after purchasing an additional 9,093 shares in the last quarter. 64.82% of the stock is owned by institutional investors.

Trending Headlines about Boeing

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Wells Fargo & Company initiated coverage on shares of Boeing in a research report on Wednesday, April 1st. They issued an “overweight” rating and a $250.00 price objective for the company. Btg Pactual set a $260.00 target price on Boeing in a research note on Tuesday, July 14th. Wolfe Research reissued an “outperform” rating and issued a $275.00 target price on shares of Boeing in a research note on Thursday, April 23rd. Weiss Ratings restated a “sell (d+)” rating on shares of Boeing in a research report on Tuesday, July 21st. Finally, William Blair reaffirmed an “outperform” rating on shares of Boeing in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $261.89.

Boeing Stock Up 5.1%

Shares of NYSE:BA opened at $222.34 on Wednesday. The company has a debt-to-equity ratio of 7.42, a current ratio of 1.18 and a quick ratio of 0.35. The stock has a market cap of $175.27 billion, a price-to-earnings ratio of 107.93 and a beta of 1.21. The company has a 50 day moving average of $219.32 and a 200-day moving average of $224.16. The Boeing Company has a one year low of $176.77 and a one year high of $254.35.

Boeing (NYSE:BA) last announced its quarterly earnings data on Tuesday, July 28th. The aircraft producer reported ($0.76) earnings per share for the quarter, missing the consensus estimate of ($0.34) by ($0.42). The company had revenue of $24.56 billion for the quarter, compared to analyst estimates of $24.26 billion. During the same quarter in the prior year, the company earned ($1.24) EPS. Boeing’s revenue for the quarter was up 8.0% compared to the same quarter last year. On average, sell-side analysts forecast that The Boeing Company will post -0.33 earnings per share for the current year.

Insider Activity at Boeing

In other Boeing news, Director Bradley D. Tilden bought 1,370 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was bought at an average price of $218.50 per share, for a total transaction of $299,345.00. Following the transaction, the director owned 1,370 shares of the company’s stock, valued at approximately $299,345. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.10% of the company’s stock.

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.