Stonebridge Capital Management Inc. Purchases Shares of 4,100 The Boeing Company $BA

Stonebridge Capital Management Inc. acquired a new stake in The Boeing Company (NYSE:BA) in the 2nd quarter, HoldingsChannel reports. The fund acquired 4,100 shares of the aircraft producer’s stock, valued at approximately $888,000.

Other institutional investors have also added to or reduced their stakes in the company. Revolve Wealth Partners LLC acquired a new stake in shares of Boeing in the fourth quarter valued at approximately $201,000. Sivia Capital Partners LLC increased its holdings in shares of Boeing by 16.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,529 shares of the aircraft producer’s stock worth $320,000 after acquiring an additional 217 shares during the last quarter. AXA S.A. raised its stake in Boeing by 1,225.7% in the 2nd quarter. AXA S.A. now owns 34,655 shares of the aircraft producer’s stock valued at $7,261,000 after acquiring an additional 32,041 shares during the period. Ieq Capital LLC increased its holdings in shares of Boeing by 243.8% in the second quarter. Ieq Capital LLC now owns 33,485 shares of the aircraft producer’s stock valued at $7,016,000 after purchasing an additional 23,746 shares during the last quarter. Finally, Alliancebernstein L.P. increased its holdings in shares of Boeing by 4.2% in the second quarter. Alliancebernstein L.P. now owns 1,334,451 shares of the aircraft producer’s stock valued at $279,608,000 after purchasing an additional 53,736 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Key Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Bernstein initiated or reiterated a Buy view on Boeing, providing support for the stock despite recent operational concerns. Boeing Gets a Buy from Bernstein
• Positive Sentiment: Boeing and RTX won approximately $766 million in U.S. Air Force contracts tied to B-52 modernization. The award reinforces Boeing’s defense exposure and provides incremental backlog and revenue visibility. Boeing and RTX Win B-52 Modernization Contracts
• Positive Sentiment: The market continues to focus on Boeing’s potential $131.23 billion F-15 Eagle contract ceiling, which could support defense revenue through 2037 and include modernization, sustainment, and foreign military sales. However, the indefinite-delivery/indefinite-quantity award is a maximum authorization—not guaranteed revenue—and only about $344,000 was initially funded. F-15 Eagle Contract Announcement
• Positive Sentiment: Some valuation analysis argues Boeing may be undervalued after a roughly 10% annual decline, citing long-term defense contracts and technology partnerships as potential cash-flow catalysts. Execution remains the key risk. Boeing Stock Could Be Undervalued

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on BA. Argus upgraded shares of Boeing from a “hold” rating to a “buy” rating and set a $265.00 target price for the company in a research note on Tuesday, August 11th. UBS Group assumed coverage on shares of Boeing in a research report on Tuesday, August 11th. They set a “buy” rating for the company. Sanford C. Bernstein began coverage on Boeing in a report on Tuesday, August 11th. They set an “outperform” rating for the company. Tigress Financial upped their target price on Boeing from $295.00 to $305.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Boeing in a report on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $272.58.

Boeing Price Performance

Shares of NYSE BA opened at $212.48 on Thursday. The stock has a market capitalization of $167.94 billion, a PE ratio of 91.98 and a beta of 1.21. 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 business has a fifty day moving average price of $221.15 and a two-hundred day moving average price of $221.68. The Boeing Company has a fifty-two week low of $176.77 and a fifty-two week high of $254.35.

Boeing (NYSE:BA) last issued its quarterly earnings results on Tuesday, July 28th. The aircraft producer reported ($0.76) 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 the consensus estimate of $24.26 billion. Boeing had a negative return on equity of 346.82% and a net margin of 2.41%.The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the business posted ($1.24) EPS. As a group, equities analysts predict that The Boeing Company will post -0.87 earnings per share for the current fiscal year.

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.