Boeing Company (BA) Insider, 13F Hedge Fund & Politician Buy/Sell Thermometer

Per the Roarable RQD rating, BA scores 28 out of 100, graded E, with the verdict "Roarable Strong Sell — Forensic Risk / Avoid." The five pillars are: Fundamental Cash Engine at 5/20 (ROIC 5.4%; FCF yield -1.37%), Whale 13F Flow at 7/20 (institutional accumulation and options positioning), Insider Conviction at 5/20 (SEC Form 4 and Congressional PTR cluster flow), Macro Regime Fit at 3/20 (Beta 0.95; sector sensitivity), and Forensic Balance Sheet at 8/20 (Altman Z 1.41; Piotroski F 5/9; Debt/Equity 8.5). Taken together, the lowest-scoring pillars sit on the cash-generation and macro-fit dimensions, which means the rating's core concern is that the business is not currently converting its capital base into free cash flow and that its balance-sheet profile carries forensic-risk flags. For a prospective investor, the upside case rests on any recovery in cash conversion, while the valuation tradeoff is that per the market data, the stock trades at a P/E (TTM) of 61.2 and a forward P/E of 51.4 against a net margin of 2.5%. The ratio of price to earnings is therefore demanding relative to the reported profitability. Ripple effects from the supply-chain graph and news flow (discussed below) are a second-order consideration for timing and risk, not a substitute for the balance-sheet read.

Per the SEC financials, FY 2025 shows a swing to positive operating income ($4281.0M) and net income ($2235.0M) after losses in FY 2024, though free cash flow remained negative at $-1877.0M. Per the market data, gross and operating margin are each 4.8%, net margin is 2.5%, and ROIC is 5.4%. The forensic scores per the RQD rating are Altman Z 1.41 and Piotroski F 5/9, and Debt/Equity is 8.5. Debt reported for FY 2025 is $73250.1M against cash of $10921.0M, and the source does not provide a FY 2023 cash figure.

• RISK WATCH (Seeking Alpha): Headline reports the stock hit an 18-month low on production delays and cash flow outlook.
• RISK WATCH (TradingView): Headline reports a 12-month price target cut to $262.43, implying 38% upside from the cited level.
• CATALYST (Yahoo Finance): Headline reports BA outperforming the broader market.
• MARKET WIRE (Yahoo Finance, Barchart.com, The Globe and Mail): Trending-stock, price-history, and a 10.6% one-month decline headline.
• Butterfly links: The RKLB→BA link (substitute, tailwind) cites SDA Tranche 2 prime contract competition and Neutron/NSSL gating as next catalysts. The GE→BA link (direct supplier, mixed constraint) cites FAA 38/month 737 MAX production cap review and GE Aerospace Commercial Services order print as next catalysts.
• Proprietary signals: None in source data.

Per the Butterfly Supply-Chain Graph, the sector is Industrials and the supply chain field is listed as NONE, though two butterfly links are present under the defense/space theme. The RKLB→BA link is a substitute relationship with tailwind direction, evidenced by a named $515M SDA Tranche 2 prime contract cited in Rocket Lab's FY2024 10-K; the source notes legacy Boeing BDS space programs as the displaced architecture. The GE→BA link is a direct-supplier relationship with mixed-constraint direction: GE Aerospace (50% CFM JV) is cited as sole-source LEAP-1B supplier on the 737 MAX and GE9X supplier on the 777X, with the FAA 38/month production cap constraining new-engine shipments while extending legacy CFM56 aftermarket margins at GE. The second-order bottleneck to watch is the production cap itself: it simultaneously limits Boeing's OEM deliveries and supports GE's aftermarket, and a faster ramp of lower-margin new LEAP deliveries is the cited competing explanation for near-term margin mix pressure at GE. Source data does not provide sector-correlation figures beyond beta.

• What is the FY 2023 cash balance, and what is the FY 2025 and FY 2024 EPS, which the source lists as N/A?
• What is the revenue and margin breakdown by business segment (commercial airframe, defense/space, services)?
• What is the source and date basis for the "18-month low" and "38% upside" references, and what is the current consensus rating?
• Which specific insider, 13F, and Congressional transactions drive the Whale and Insider pillar scores?
• What is the timeline and status of the FAA 737 MAX production cap review, and how much of the FCF shortfall is attributable to it?