Sound Income Strategies LLC Grows Holdings in The Boeing Company $BA

Sound Income Strategies LLC boosted its stake in shares of The Boeing Company (NYSE:BA) by 24,347.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,284,975 shares of the aircraft producer’s stock after buying an additional 1,279,719 shares during the quarter. Boeing makes up approximately 5.5% of Sound Income Strategies LLC’s investment portfolio, making the stock its 2nd biggest holding. Sound Income Strategies LLC’s holdings in Boeing were worth $239,070,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Highland Investment Advisors LLC bought a new position in Boeing during the second quarter valued at $26,000. 1 North Wealth Services LLC purchased a new stake in shares of Boeing in the fourth quarter valued at $27,000. Wealth Preservation Advisors LLC boosted its stake in shares of Boeing by 66.7% during the 4th quarter. Wealth Preservation Advisors LLC now owns 125 shares of the aircraft producer’s stock worth $27,000 after purchasing an additional 50 shares during the period. Strategic Wealth Advisors LLC purchased a new position in shares of Boeing during the 2nd quarter worth about $27,000. Finally, Bell Investment Advisors Inc purchased a new position in shares of Boeing during the 2nd quarter worth about $29,000. 64.82% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BA. Robert W. Baird set a $300.00 price objective on shares of Boeing and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. UBS Group restated a “buy” rating on shares of Boeing in a research report on Tuesday, September 29th. Jefferies Financial Group cut their target price on Boeing from $295.00 to $265.00 and set a “buy” rating on the stock in a research note on Monday, September 21st. Cantor Fitzgerald downgraded Boeing to a “neutral” rating in a report on Tuesday, August 11th. Finally, Argus raised 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. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Boeing presently has an average rating of “Moderate Buy” and a consensus price target of $269.96.

Boeing News Roundup

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Aircraft lessor Avolon placed a firm order for 140 Boeing 737 MAX jets as part of a broader 250-aircraft transaction split with Airbus. The order reinforces demand for Boeing’s highest-volume commercial program. Boeing Lands Order for 140 737 MAX Jets
• Positive Sentiment: Boeing reported a total backlog of approximately $715 billion at the end of the second quarter, including $597 billion in commercial airplanes. The backlog provides long-term revenue visibility if the company can improve delivery rates and production execution. Boeing’s Strategic Push to Balance Rising Demand with Operational Bottlenecks
• Positive Sentiment: Southwest Airlines is reportedly leaning toward Boeing’s 787 Dreamliner for a potential long-haul international expansion, which could create a meaningful future widebody order. Southwest Airlines Weighs Boeing 787
• Positive Sentiment: Boeing’s defense business could benefit from rising demand for infrared search-and-track systems, while its approximately $14.7 billion PAC-3 seeker contract with Lockheed Martin adds longer-term defense visibility. Rising IRST Demand and Boeing’s Defense Outlook
• Positive Sentiment: Barclays included Boeing among its aerospace and defense stock picks tied to a “modern-day industrial revolution,” supporting the bullish long-term investment case. Boeing and More Buys for the Modern-Day Industrial Revolution
• Neutral Sentiment: TD Cowen lowered its Boeing price target from $250 to $240 but maintained a Buy rating, indicating reduced near-term confidence while still seeing substantial upside potential. TD Cowen Cuts Aerospace Targets
• Negative Sentiment: Investors remain concerned about Boeing’s approaching debt repayments, high leverage, production delays and weak returns on invested capital. The company’s large backlog will not translate into cash flow quickly unless deliveries accelerate. Boeing Faces a Debt Wall

Boeing Trading Up 1.4%

BA stock traded up $2.72 during trading on Friday, hitting $190.47. The company had a trading volume of 5,085,304 shares, compared to its average volume of 6,857,321. The Boeing Company has a 52-week low of $176.77 and a 52-week high of $254.35. The company has a 50 day simple moving average of $209.70 and a 200-day simple moving average of $215.86. The firm has a market capitalization of $150.54 billion, a P/E ratio of 82.45 and a beta of 1.26. The company has a quick ratio of 0.33, a current ratio of 1.14 and a debt-to-equity ratio of 6.77.

Boeing (NYSE:BA) last released its quarterly earnings data on Tuesday, July 28th. The aircraft producer reported ($0.76) earnings per share (EPS) 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 analysts’ expectations of $24.26 billion. Boeing had a net margin of 2.41% and a negative return on equity of 346.82%. Boeing’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period last year, the firm earned ($1.24) earnings per share. As a group, research analysts forecast that The Boeing Company will post -0.91 earnings per share for the current fiscal year.

About Boeing

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.