Moore Capital Management LP Cuts Holdings in The Boeing Company $BA

Moore Capital Management LP trimmed its position in The Boeing Company (NYSE:BA) by 83.7% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 6,626 shares of the aircraft producer’s stock after selling 34,115 shares during the period. Moore Capital Management LP’s holdings in Boeing were worth $1,434,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC bought a new position in shares of Boeing in the third quarter valued at approximately $25,000. Strive Financial Group LLC bought a new position in Boeing in the 4th quarter valued at $25,000. CrossGen Wealth LLC purchased a new stake in shares of Boeing during the 4th quarter valued at $26,000. 1 North Wealth Services LLC bought a new stake in shares of Boeing during the 4th quarter worth $27,000. Finally, Wealth Preservation Advisors LLC boosted its holdings in shares of Boeing by 66.7% in the 4th quarter. Wealth Preservation Advisors LLC now owns 125 shares of the aircraft producer’s stock worth $27,000 after buying an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Key Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Contract negotiations will resume: Boeing and the union representing approximately 17,000 engineers and technical workers agreed to restart negotiations on September 8. Resuming talks could reduce the immediate risk of a work stoppage if the parties reach an agreement. Boeing, engineers union agree to resume contract talks on Sept 8, union says
• Positive Sentiment: 737 production is accelerating: Reports indicate Boeing’s 737 production line is operating at its fastest pace in years. Higher output could support aircraft deliveries, revenue, cash generation and backlog reduction, although investors remain focused on whether Boeing can sustain the pace while maintaining quality. Boeing Is Building 737s Faster Than It Has in Years. But Its Engineers Just Authorized an October Strike.
• Neutral Sentiment: Additional credit capacity improves financial flexibility: Boeing reportedly secured a new $3 billion facility and expanded total credit lines to about $10 billion. The liquidity provides a buffer against production or labor disruptions, but also underscores the company’s need to preserve cash and manage its heavy debt burden. Boeing secures $10B in total credit lines
• Neutral Sentiment: Finance leadership transition: Boeing appointed Ryan L. Shedd as senior vice president and controller, succeeding retiring executive Michael J. Cleary. The planned transition is not expected to materially alter near-term earnings, but financial reporting oversight remains important during Boeing’s recovery. Boeing names Ryan L. Shedd senior vice president and controller
• Negative Sentiment: Strike risk remains the main overhang: Engineers rejected Boeing’s four-year contract proposals by wide margins and authorized a potential strike. Existing contracts expire October 6, creating a risk that a walkout could interrupt engineering, production and certification work just as 737 output is improving. Boeing engineers authorize potential October strike
• Negative Sentiment: Delivery concerns temper the production news: Commentary warns that a faster build rate does not automatically translate into deliveries or cash flow if aircraft remain held for inspections, rework or customer acceptance. This keeps execution and quality-control risks central to the BA investment case. Boeing: Don’t Let the Delivery Drop Fool You

Boeing Trading Down 0.9%

Shares of Boeing stock opened at $207.93 on Tuesday. The Boeing Company has a 12-month low of $176.77 and a 12-month high of $254.35. The company has a market cap of $164.34 billion, a price-to-earnings ratio of 90.01 and a beta of 1.21. The company has a current ratio of 1.14, a quick ratio of 0.33 and a debt-to-equity ratio of 6.77. The company’s 50-day moving average price is $220.34 and its 200-day moving average price is $220.95.

Boeing (NYSE:BA) last posted its 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). Boeing had a negative return on equity of 346.82% and a net margin of 2.41%.The firm had revenue of $24.56 billion for the quarter, compared to the consensus estimate of $24.26 billion. During the same period last year, the company posted ($1.24) EPS. The business’s revenue was up 8.0% on a year-over-year basis. On average, equities analysts expect that The Boeing Company will post -0.87 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on BA shares. Btg Pactual set a $260.00 target price on shares of Boeing in a research note on Tuesday, July 14th. Argus upgraded shares of Boeing from a “hold” rating to a “buy” rating and set a $265.00 price target for the company in a research note on Tuesday, August 11th. Barclays downgraded Boeing from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, August 11th. UBS Group initiated coverage on Boeing in a report on Tuesday, August 11th. They set a “buy” rating for the company. Finally, JPMorgan Chase & Co. raised their target price on Boeing from $270.00 to $290.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $272.58.

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.