The Boeing Company $BA Stock Acquired by Robertson Stephens Wealth Management LLC

by · The Cerbat Gem

Robertson Stephens Wealth Management LLC increased its position in The Boeing Company (NYSE:BA – Free Report) by 16.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 19,844 shares of the aircraft producer’s stock after purchasing an additional 2,785 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in Boeing were worth $3,692,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Highland Investment Advisors LLC bought a new position in Boeing in the second quarter worth $26,000. Strategic Wealth Advisors LLC purchased a new position in Boeing during the second quarter valued at $27,000. Bell Investment Advisors Inc purchased a new position in Boeing during the second quarter valued at $29,000. Bayban bought a new stake in shares of Boeing during the 4th quarter valued at $29,000. Finally, Security National Bank of SO Dak bought a new stake in shares of Boeing during the 2nd quarter valued at $30,000. 64.82% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Barclays started coverage on shares of Boeing in a research report on Friday, October 9th. They issued an “overweight” rating and a $300.00 target price on the stock. Tigress Financial increased their price target on shares of Boeing from $295.00 to $305.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Jefferies Financial Group lowered their price target on shares of Boeing from $295.00 to $265.00 and set a “buy” rating for the company in a research report on Monday, September 21st. Bank of America reissued a “buy” rating and set a $270.00 price target on shares of Boeing in a research report on Friday, September 18th. Finally, Rothschild & Co Redburn boosted their price objective on shares of Boeing from $260.00 to $285.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $266.96.

Read Our Latest Stock Analysis on BA

Key Headlines Impacting Boeing

Here are the key news stories impacting Boeing this week:

  • Positive Sentiment: Boeing is reportedly in discussions with Cathay Pacific over a potential order for as many as 50 wide-body aircraft. Although Cathay is also considering Airbus, a win would strengthen Boeing’s backlog and support future production and deliveries. Boeing Heads Into Talks Over Up To 50 Wide Body Jets
  • Positive Sentiment: Southwest Airlines is reportedly considering another Boeing purchase, adding to recent commercial-aircraft deal momentum and potentially supporting Boeing’s order pipeline. Boeing Stock Gains as Southwest Considers Buy
  • Positive Sentiment: Boeing averted a possible engineers’ strike after new contracts were signed, reducing a near-term operational disruption risk. Boeing Strike Deadline and New Contracts
  • Positive Sentiment: Barclays maintained an optimistic outlook, with a $300 price target implying substantial upside and citing Boeing’s improving revenue trajectory. Barclays Sees Upside in Boeing Stock
  • Neutral Sentiment: Board members with deeper aviation expertise could help Boeing shape its next-generation aircraft strategy, though the benefit is longer term. Boeing’s Boardroom Strategy
  • Negative Sentiment: Chief Sales Officer Ihssane Mounir McMullen plans to retire, creating a leadership transition in a critical commercial-sales role. Boeing Sales Chief to Retire
  • Negative Sentiment: Morgan Stanley cut its price target from $250 to $225, while retaining a Buy rating. RBC also reduced its target from $265 to $235, citing defense-budget uncertainty. Morgan Stanley Boeing Price Target
  • Negative Sentiment: A separate risk-reward assessment assigned Boeing a low score and a Sell rating, underscoring valuation, balance-sheet and execution concerns. Boeing Risk-Reward Assessment

Boeing Stock Performance

Shares of BA opened at $189.98 on Friday. The company has a quick ratio of 0.33, a current ratio of 1.14 and a debt-to-equity ratio of 6.77. The stock has a market cap of $150.16 billion, a P/E ratio of 82.24 and a beta of 1.26. The business’s 50 day moving average price is $204.93 and its 200-day moving average price is $215.57. The Boeing Company has a 52 week low of $176.77 and a 52 week high of $254.35.

Boeing (NYSE:BA – Get Free Report) last posted its quarterly earnings data 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). The company had revenue of $24.56 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the business earned ($1.24) EPS. Equities research analysts anticipate that The Boeing Company will post -0.96 earnings per share for the current fiscal year.

Boeing Company Profile

(Free Report)

The Boeing Company (NYSE: BA) is a global aerospace company that designs, manufactures and supports commercial airplanes, military aircraft, satellites, space systems and related products and services. Its offerings serve airlines, government agencies, defense organizations and other customers worldwide.

Boeing operates through three principal business areas: Commercial Airplanes, which develops and produces passenger and cargo aircraft; Defense, Space & Security, which provides military aircraft, weapons systems, satellites and space-related platforms; and Global Services, which offers parts, maintenance, training, engineering and other lifecycle support.

Founded in 1916 by William Boeing, the company has grown into one of the world’s major aerospace manufacturers.

Featured Stories