West Family Investments Inc. Invests $580,000 in The Boeing Company $BA

West Family Investments Inc. bought a new stake in The Boeing Company (NYSE:BA) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,679 shares of the aircraft producer’s stock, valued at approximately $580,000.

A number of other institutional investors also recently added to or reduced their stakes in BA. Vanguard Group Inc. raised its holdings in Boeing by 5.1% during the fourth quarter. Vanguard Group Inc. now owns 70,989,438 shares of the aircraft producer’s stock worth $15,413,227,000 after purchasing an additional 3,460,021 shares in the last quarter. Newport Trust Company LLC raised its stake in shares of Boeing by 1.0% in the 4th quarter. Newport Trust Company LLC now owns 29,485,294 shares of the aircraft producer’s stock worth $6,401,847,000 after buying an additional 286,848 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Boeing by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 17,025,435 shares of the aircraft producer’s stock valued at $3,679,592,000 after buying an additional 533,753 shares during the period. Fisher Asset Management LLC boosted its stake in Boeing by 2.5% during the fourth quarter. Fisher Asset Management LLC now owns 5,640,900 shares of the aircraft producer’s stock valued at $1,224,752,000 after buying an additional 135,860 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Boeing by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,370,415 shares of the aircraft producer’s stock worth $948,905,000 after acquiring an additional 138,469 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Trading Down 0.6%

NYSE:BA opened at $221.79 on Thursday. The stock has a market cap of $175.30 billion, a PE ratio of 96.01 and a beta of 1.21. The Boeing Company has a fifty-two week low of $176.77 and a fifty-two week high of $254.35. The company has a debt-to-equity ratio of 6.77, a current ratio of 1.14 and a quick ratio of 0.33. The stock’s 50-day moving average is $222.33 and its two-hundred day moving average is $222.44.

Boeing (NYSE:BA) last released 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 during 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 firm’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($1.24) EPS. As a group, equities research analysts forecast that The Boeing Company will post -0.87 earnings per share for the current fiscal year.

Key Headlines Impacting Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing is pursuing an internal turnaround under CEO Kelly Ortberg, emphasizing engineering discipline, production quality and long-term aircraft development rather than short-term Wall Street targets. The strategy could improve execution and restore customer and investor confidence, although results will take time. How Kelly Ortberg is rebuilding Boeing from the inside out
• Positive Sentiment: Wright-Patterson Air Force Base awarded Boeing a $75 million contract for Air Force One spare parts, providing incremental support for the company’s defense and government-services business. Boeing $75 million Air Force One parts contract
• Positive Sentiment: Boeing and Lockheed Martin’s United Launch Alliance reportedly completed a $1.5 billion private bond offering—three times the initial target—suggesting strong investor demand for ULA financing and continued interest in its space business. Boeing Q2 earnings context

Analysts Set New Price Targets

BA has been the subject of several recent research reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Boeing in a research note on Tuesday, July 21st. JPMorgan Chase & Co. upped their price target on Boeing from $270.00 to $290.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. UBS Group began coverage on Boeing in a research note on Tuesday, August 11th. They set a “buy” rating for the company. Robert W. Baird set a $300.00 target price on Boeing in a research report on Wednesday, July 29th. Finally, Citigroup lowered Boeing from a “buy” rating to a “sell” rating in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $272.58.

About Boeing

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.