American National Bank & Trust Increases Stake in The Boeing Company $BA

American National Bank & Trust raised its position in The Boeing Company (NYSE:BA) by 28,857.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,031 shares of the aircraft producer’s stock after acquiring an additional 12,986 shares during the quarter. American National Bank & Trust’s holdings in Boeing were worth $2,424,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. B.O.S.S. Retirement Advisors LLC raised its position in Boeing by 1.4% during the 1st quarter. B.O.S.S. Retirement Advisors LLC now owns 3,175 shares of the aircraft producer’s stock valued at $632,000 after purchasing an additional 44 shares in the last quarter. Horizon Bancorp Inc. IN increased its stake in shares of Boeing by 3.1% during the first quarter. Horizon Bancorp Inc. IN now owns 1,493 shares of the aircraft producer’s stock valued at $297,000 after buying an additional 45 shares during the period. Meadowbrook Advisors Group LLC lifted its stake in Boeing by 2.5% in the first quarter. Meadowbrook Advisors Group LLC now owns 1,955 shares of the aircraft producer’s stock worth $389,000 after acquiring an additional 47 shares during the period. Howe & Rusling Inc. lifted its stake in Boeing by 2.5% in the first quarter. Howe & Rusling Inc. now owns 2,024 shares of the aircraft producer’s stock worth $403,000 after acquiring an additional 49 shares during the period. Finally, Paul R. Ried Financial Group LLC grew its holdings in Boeing by 0.3% during the 1st quarter. Paul R. Ried Financial Group LLC now owns 18,060 shares of the aircraft producer’s stock worth $3,594,000 after acquiring an additional 49 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 secured a seven-year contract worth up to approximately $14.7 billion from Lockheed Martin to triple production of PAC-3 Missile Segment Enhancement seekers. The award strengthens Boeing’s defense backlog and could provide multiyear revenue visibility, although some contract terms remain subject to finalization. Boeing receives Lockheed PAC-3 MSE contract worth up to $14.7 billion
• Positive Sentiment: The FAA determined that a recently identified 737 MAX software issue is not a flight-safety concern, helping preserve the path toward certification of the MAX 10. Boeing has also reportedly won major sixth-generation fighter programs, adding to its defense positioning. FAA clears Boeing 737 MAX software issue
• Neutral Sentiment: Recent coverage highlights a conflicting financial picture: Boeing posted about $2.09 billion in trailing net income but negative EBITDA of roughly $2.9 billion. The discrepancy makes reported earnings appear less reflective of underlying operating cash generation, while analysts continue to expect a full-year loss. Boeing has negative EBITDA and positive net income
• Negative Sentiment: Investors remain concerned about Boeing’s high debt burden as billions in maturities approach amid elevated bond yields. Reports of recent Boeing aircraft emergencies, including a British Airways 777 cabin-depressurization incident and a 787 flight that rapidly lost altitude, may also revive scrutiny of product quality and safety. In addition, Pomerantz announced an investor investigation, creating another potential legal overhang. Boeing debt maturities and higher yields

Boeing Stock Down 1.0%

NYSE:BA traded down $1.86 during mid-day trading on Wednesday, hitting $187.96. 3,226,802 shares of the company’s stock traded hands, compared to its average volume of 6,825,785. The company has a fifty day moving average of $211.41 and a 200 day moving average of $216.18. 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 Boeing Company has a twelve month low of $176.77 and a twelve month high of $254.35. The company has a market capitalization of $148.55 billion, a P/E ratio of 81.40 and a beta of 1.26.

Boeing (NYSE:BA) last issued its quarterly earnings results 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). The business had revenue of $24.56 billion for the quarter, compared to analysts’ expectations of $24.26 billion. Boeing had a negative return on equity of 346.82% and a net margin of 2.41%.Boeing’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) EPS. On average, analysts forecast that The Boeing Company will post -0.91 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. UBS Group restated a “buy” rating on shares of Boeing in a report on Tuesday, September 29th. Barclays downgraded shares of Boeing from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, August 11th. Wolfe Research upgraded Boeing from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 24th. The Goldman Sachs Group cut Boeing from a “buy” rating to a “hold” rating in a research note on Tuesday, August 11th. Finally, Jefferies Financial Group dropped their price objective on Boeing from $295.00 to $265.00 and set a “buy” rating on the stock in a research report on Monday, September 21st. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Boeing has an average rating of “Moderate Buy” and an average target price of $270.95.

Boeing Profile

The Boeing Company (NYSE: BA) is a global aerospace company that designs, manufactures and supports commercial airplanes, military aircraft, spacecraft and related systems. Its commercial portfolio includes the 737, 787 Dreamliner and 777 families, as well as the 777X program. Boeing sells aircraft to airlines, cargo operators and leasing companies around the world.

Through its defense and space operations, Boeing provides products and services for the U.S. government, allied governments and other institutional customers.