German American Bancorp Inc. Acquires New Shares in The Boeing Company $BA

by · The Markets Daily

German American Bancorp Inc. acquired a new position in shares of The Boeing Company (NYSE:BAFree Report) during the second quarter, Holdings Channel.com reports. The fund acquired 23,526 shares of the aircraft producer’s stock, valued at approximately $5,093,000.

Several other large investors have also added to or reduced their stakes in BA. 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 stake in Boeing during the 4th quarter worth approximately $25,000. Ares Financial Consulting LLC purchased a new stake in Boeing in the 4th quarter worth approximately $26,000. CrossGen Wealth LLC purchased a new stake in Boeing in the 4th quarter worth approximately $26,000. Finally, Strategic Wealth Advisors LLC bought a new position in Boeing in the 4th quarter valued at $27,000. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

Shares of NYSE BA opened at $231.50 on Monday. The stock’s 50-day moving average is $221.70 and its 200 day moving average is $222.79. The stock has a market cap of $182.97 billion, a price-to-earnings ratio of 100.21 and a beta of 1.21. The Boeing Company has a 1-year low of $176.77 and a 1-year high of $254.35. The company has a current ratio of 1.14, a quick ratio of 0.33 and a debt-to-equity ratio of 6.77.

Boeing (NYSE:BAGet Free Report) last issued its earnings results 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). 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 during the quarter, compared to analysts’ expectations of $24.26 billion. During the same period in the prior year, the company earned ($1.24) EPS. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. On average, sell-side analysts anticipate that The Boeing Company will post -0.87 EPS for the current fiscal year.

Analyst Ratings Changes

BA has been the subject of a number of recent analyst reports. Sanford C. Bernstein started coverage on shares of Boeing in a research report on Tuesday, August 11th. They set an “outperform” rating for the company. Barclays lowered Boeing from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, August 11th. Argus upgraded Boeing from a “hold” rating to a “buy” rating and set a $265.00 target price for the company in a research report on Tuesday, August 11th. Cantor Fitzgerald lowered Boeing to a “neutral” rating in a research note on Tuesday, August 11th. Finally, UBS Group assumed coverage on Boeing in a report on Tuesday, August 11th. They issued a “buy” rating on the stock. 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 given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $272.58.

Check Out Our Latest Analysis on BA

Trending Headlines about Boeing

Here are the key news stories impacting Boeing this week:

  • Positive Sentiment: The Pentagon signed framework agreements with Boeing and RTX to increase production of components for SM-3 Block IIA and Block IB interceptor missiles. The seven-year arrangements could provide greater visibility for Boeing’s defense business and support incremental revenue, helping drive the stock higher. Pentagon signs deals with Boeing and RTX
  • Positive Sentiment: Boeing is selling Wisk Aero, Insitu and SkyGrid to Archer Aviation in an all-stock transaction that gives Boeing an approximately 20% stake in Archer. Analysts view the deal as a way to exit a struggling, non-core air-taxi operation while retaining exposure to autonomy and electric-aircraft technologies, potentially sharpening Boeing’s turnaround focus. Boeing’s Wisk sale and portfolio strategy
  • Positive Sentiment: Avolon agreed to lease up to seven Boeing 737-8200 aircraft to India’s Akasa Air. The transaction supports continued demand for Boeing’s narrow-body aircraft in one of the aviation industry’s fastest-growing markets. Avolon and Akasa Air 737 transaction
  • Neutral Sentiment: Odysight.ai received a Boeing purchase order and will demonstrate AI-powered predictive-maintenance technology at two Boeing sites. The initiative could improve future maintenance capabilities and create supplier opportunities, but its immediate financial impact on BA is expected to be limited. Odysight.ai Boeing purchase order
  • Neutral Sentiment: JLL is considering Boeing’s former Chicago headquarters for a potential global headquarters move. The move could benefit Boeing through property monetization or reduced real-estate obligations, though no transaction has been finalized. JLL considers Boeing’s former headquarters

Insider Buying and Selling at Boeing

In other Boeing news, Director Bradley D. Tilden acquired 1,370 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was bought at an average price of $218.50 per share, with a total value of $299,345.00. Following the purchase, the director owned 1,370 shares of the company’s stock, valued at approximately $299,345. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.10% of the company’s stock.

Boeing Company Profile

(Free Report)

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.

See Also

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