Boeing (NYSE:BA) Shares Down 2.5% – Here’s What Happened

by · The Cerbat Gem

The Boeing Company (NYSE:BA – Get Free Report) was down 2.5% on Thursday. The stock traded as low as $186.76 and last traded at $187.4640. Approximately 6,459,122 shares changed hands during trading, a decline of 5% from the average session volume of 6,812,203 shares. The stock had previously closed at $192.28.

Key Boeing News

Here are the key news stories impacting Boeing this week:

  • Positive Sentiment: The FAA granted final certification to Boeing’s long-delayed 737 MAX 10, clearing the way for passenger deliveries beginning in 2027. The aircraft has backing for approximately 1,555 ordered planes, giving Boeing a potential new source of deliveries and revenue while improving its ability to compete with Airbus’ A321neo. Boeing’s largest 737 MAX jet wins FAA certification, clearing way for deliveries
  • Positive Sentiment: Analysts view the MAX 10 approval as a potential catalyst for stabilizing narrowbody production and deliveries as aircraft demand strengthens in 2027 and 2028. A related Alaska Airlines endorsement could support customer confidence and future orders. Boeing wins FAA certification for 737 MAX 10
  • Neutral Sentiment: Boeing is scheduled to release third-quarter results before the market opens on October 27. Analysts expect improvement in the bottom line, with investors focused on deliveries, services demand, revenue, cash generation and management’s outlook. Boeing Stock Preps the Runway Ahead of Earnings
  • Negative Sentiment: The near-term outlook remains constrained by supply-chain delays, the lengthy MAX 10 certification process and Boeing’s negative return on invested capital. Investors may be reluctant to fully revalue BA until the company demonstrates sustained production growth, deliveries and cash-flow recovery. Boeing Stock Before Q3 Earnings Release: To Buy or Not to Buy?

Wall Street Analyst Weigh In

A number of analysts have issued reports on BA shares. Btg Pactual set a $260.00 target price on Boeing in a report on Tuesday, July 14th. Tigress Financial upped their price target on Boeing from $295.00 to $305.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Argus raised Boeing from a “hold” rating to a “buy” rating and set a $265.00 price objective for the company in a research report on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Boeing from $244.00 to $248.00 and gave the stock a “hold” rating in a research note on Wednesday, July 29th. Finally, Bank of America reaffirmed a “buy” rating and set a $270.00 target price on shares of Boeing in a research report on Friday, September 18th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $266.96.

Get Our Latest Research Report on Boeing

Boeing Stock Performance

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 firm has a 50-day moving average of $201.61 and a 200 day moving average of $215.33. The stock has a market capitalization of $148.17 billion, a P/E ratio of 81.15 and a beta of 1.26.

Boeing (NYSE:BA – Get Free Report) last announced its quarterly 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). The business had revenue of $24.56 billion during 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 company’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period last year, the firm earned ($1.24) EPS. Research analysts anticipate that The Boeing Company will post -1.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. McAlister Sweet & Associates Inc. lifted its stake in shares of Boeing by 57.2% during the third quarter. McAlister Sweet & Associates Inc. now owns 45,420 shares of the aircraft producer’s stock valued at $8,450,000 after acquiring an additional 16,531 shares during the period. SteelPeak Wealth LLC increased its position in Boeing by 660.0% in the third quarter. SteelPeak Wealth LLC now owns 94,976 shares of the aircraft producer’s stock worth $17,670,000 after purchasing an additional 82,479 shares during the period. Integrated Wealth Concepts LLC increased its position in Boeing by 16.0% in the second quarter. Integrated Wealth Concepts LLC now owns 42,417 shares of the aircraft producer’s stock worth $9,182,000 after purchasing an additional 5,862 shares during the period. Louisiana State Employees Retirement System acquired a new stake in Boeing in the first quarter worth about $7,961,000. Finally, Mather Group LLC. raised its holdings in Boeing by 347.3% during the 3rd quarter. Mather Group LLC. now owns 23,183 shares of the aircraft producer’s stock worth $4,313,000 after purchasing an additional 18,000 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

About Boeing

(Get 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.

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