The Boeing Company $BA Stock Sold by University of Texas Texas AM Investment Management Co.

University of Texas Texas AM Investment Management Co. reduced its holdings in shares of The Boeing Company (NYSE:BA) by 57.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,734 shares of the aircraft producer’s stock after selling 15,644 shares during the quarter. University of Texas Texas AM Investment Management Co.’s holdings in Boeing were worth $2,183,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Jupiter Topco LLC purchased a new stake in shares of Boeing in the second quarter valued at about $911,878,000. Bank of New York Mellon Corp purchased a new position in shares of Boeing during the 2nd quarter worth approximately $747,763,000. Legal & General Group Plc purchased a new position in shares of Boeing during the 2nd quarter worth approximately $710,816,000. Deutsche Bank AG purchased a new position in shares of Boeing during the 2nd quarter worth approximately $539,456,000. Finally, Swiss National Bank raised its position in shares of Boeing by 7.6% during the 1st quarter. Swiss National Bank now owns 2,298,077 shares of the aircraft producer’s stock worth $457,386,000 after purchasing an additional 163,000 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Insider Buying and Selling

In other news, Director Mortimer J. Buckley bought 5,820 shares of the firm’s stock in a transaction that occurred on Friday, October 30th. The shares were purchased at an average price of $171.55 per share, for a total transaction of $998,421.00. Following the completion of the transaction, the director owned 10,250 shares in the company, valued at $1,758,387.50. The trade was a 131.38% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Steven M. Mollenkopf bought 2,950 shares of the stock in a transaction on Friday, October 30th. The stock was purchased at an average cost of $173.03 per share, with a total value of $510,438.50. Following the completion of the purchase, the director directly owned 6,717 shares in the company, valued at $1,162,242.51. This trade represents a 78.31% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 0.10% of the company’s stock.

Boeing News Summary

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Avolon ordered 140 Boeing 737-10 jets, a record order that reinforces demand for Boeing’s largest 737 variant and adds to its backlog. Boeing Looks 8% Overvalued Following Avolon’s Order
• Positive Sentiment: Two directors bought Boeing shares after the stock’s decline, while a report also cited positive free cash flow. Those signals may bolster confidence, though they do not resolve operational challenges. Boeing Has the Orders, the Cash Flow, and Insider Buyers
• Neutral Sentiment: A valuation analysis said Boeing shares looked about 8% overvalued despite the Avolon order, reflecting concerns about the company’s recent performance and delivery outlook. Boeing Valuation Analysis
• Negative Sentiment: Boeing reportedly delivered 32 MAX jets in October, its lowest monthly total in nearly a year. Fewer deliveries could weigh on revenue and complicate the production recovery. October MAX Deliveries
• Negative Sentiment: The FAA is scrutinizing Dreamliner wing issues, adding a potential quality-control and regulatory overhang that could raise the risk of delays or added costs. FAA Scrutiny of Dreamliner Wings

Boeing Price Performance

NYSE:BA opened at $173.44 on Monday. The firm has a market cap of $137.44 billion, a price-to-earnings ratio of 18.87 and a beta of 1.34. The company has a current ratio of 1.13, a quick ratio of 0.34 and a debt-to-equity ratio of 6.31. The company’s 50-day moving average is $192.39 and its two-hundred day moving average is $215.41. The Boeing Company has a 12-month low of $165.01 and a 12-month high of $254.35.

Boeing (NYSE:BA) last released its quarterly earnings results on Tuesday, October 27th. The aircraft producer reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($0.09). The firm 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 for the quarter 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. Research analysts expect that The Boeing Company will post -1.84 EPS for the current year.

Wall Street Analysts Forecast Growth

BA has been the subject of several research reports. Langenberg & Company set a $250.00 price objective on Boeing in a research report on Tuesday, October 27th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Boeing in a report on Monday, October 19th. Barclays lowered their target price on Boeing from $300.00 to $250.00 and set an “overweight” rating on the stock in a report on Wednesday, October 28th. The Goldman Sachs Group reissued a “buy” rating and set a $238.00 price target on shares of Boeing in a research report on Wednesday, October 28th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $235.00 price target on shares of Boeing in a report on Monday, October 26th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $247.88.

Boeing Company 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.

Founded in 1916 by William Boeing, the company has grown into a global aerospace business serving customers across the Americas, Europe, Asia and other regions.