Keybank National Association OH Purchases 34,549 Shares of The Boeing Company $BA

Keybank National Association OH lifted its position in shares of The Boeing Company (NYSE:BA) by 11.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 342,847 shares of the aircraft producer’s stock after purchasing an additional 34,549 shares during the period. Keybank National Association OH’s holdings in Boeing were worth $63,787,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Highland Investment Advisors LLC acquired a new stake in Boeing during the 2nd quarter valued at $26,000. Strategic Wealth Advisors LLC purchased a new stake in Boeing during the 2nd quarter worth $27,000. Bell Investment Advisors Inc acquired a new position in Boeing in the 2nd quarter worth $29,000. Security National Bank of SO Dak acquired a new position in Boeing in the 2nd quarter worth $30,000. Finally, Retirement Wealth Solutions LLC lifted its holdings in Boeing by 3,575.0% in the 3rd quarter. Retirement Wealth Solutions LLC now owns 147 shares of the aircraft producer’s stock worth $27,000 after buying an additional 143 shares in the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Boeing Trading Up 0.6%

NYSE BA opened at $173.37 on Wednesday. The Boeing Company has a 12 month low of $165.01 and a 12 month high of $254.35. The company has a debt-to-equity ratio of 6.31, a current ratio of 1.13 and a quick ratio of 0.34. The company has a market capitalization of $137.39 billion, a price-to-earnings ratio of 18.86 and a beta of 1.34. The company’s fifty day moving average price is $190.95 and its two-hundred day moving average price is $214.64.

Boeing (NYSE:BA) last announced its quarterly earnings data on Tuesday, October 27th. The aircraft producer reported ($0.34) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($0.09). The company had revenue of $24.19 billion for the quarter, compared to analyst estimates of $23.95 billion. Boeing had a negative return on equity of 42.40% and a net margin of 7.98%. Boeing’s revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the business earned ($7.47) earnings per share. As a group, research analysts predict that The Boeing Company will post -1.84 earnings per share for the current fiscal year.

Boeing News Roundup

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing recorded its strongest October aircraft orders since 1997, a sign of solid demand that could support its longer-term production backlog. Article: Boeing posts strongest October aircraft orders since 1997
• Neutral Sentiment: A Boeing executive said the company will stay close to the factory floor to obtain candid safety information. The focus on safety may support oversight, though the report gives no new operational changes or financial targets. Article: Boeing to stay close to factory floor for tough safety information, exec says
• Negative Sentiment: October jet deliveries fell 14% and were down from both the prior month and year-earlier period, trailing Airbus’s tally. Fewer deliveries can delay revenue and cash collection, making this a near-term execution concern despite strong orders. Article: Boeing jet deliveries drop 14% in October
• Negative Sentiment: Boeing plans to cut about 5% of its Commercial Airplanes workforce—roughly 2,500 employees—through layoffs and attrition. Management cited slower-than-expected production growth and overstaffing. The cuts may reduce costs, but they also underscore delays in ramping up aircraft output and weighed on sentiment. Article: Boeing to cut 5% of commercial airplane workforce as production increase is slower than expected

Insider Transactions at Boeing

In related news, Director Mortimer Buckley purchased 5,820 shares of Boeing stock in a transaction dated Friday, October 30th. The shares were acquired at an average price of $171.55 per share, with a total value of $998,421.00. Following the completion of the transaction, the director owned 10,250 shares of the company’s stock, valued at approximately $1,758,387.50. This trade represents a 131.38% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Steven Mollenkopf purchased 2,950 shares of Boeing stock in a transaction dated Friday, October 30th. The shares were bought at an average cost of $173.03 per share, for a total transaction of $510,438.50. Following the transaction, the director directly owned 6,717 shares of the company’s stock, valued at approximately $1,162,242.51. The trade was a 78.31% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Scotiabank upgraded Boeing to an “outperform” rating in a research note on Wednesday, October 28th. BNP Paribas Exane raised Boeing to a “neutral” rating in a research report on Wednesday, October 28th. Sanford C. Bernstein lowered their price objective on Boeing from $278.00 to $223.00 and set an “outperform” rating for the company in a research note on Thursday, October 29th. Btg Pactual set a $260.00 price objective on Boeing in a report on Tuesday, July 14th. Finally, Wall Street Zen downgraded Boeing from a “hold” rating to a “sell” rating in a report on Saturday, October 24th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, Boeing presently has a consensus rating of “Moderate Buy” and a consensus target price of $247.88.

Boeing Profile

The Boeing Company is an aerospace manufacturer that designs, builds and supports commercial airplanes, defense products and space systems. Its commercial aircraft include the 737, 767, 777 and 787 families, which serve passenger and cargo operators around the world. Boeing’s defense, space and security business supplies military aircraft, helicopters, weapons, satellites and related systems, as well as services for government customers. Its Boeing Global Services business provides support such as maintenance, parts, training and logistics for commercial and government customers.