Empowered Funds LLC bought a new position in The Boeing Company (NYSE:BA – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 96,922 shares of the aircraft producer’s stock, valued at approximately $20,981,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC acquired a new stake in Boeing during the 3rd quarter worth approximately $25,000. Strive Financial Group LLC acquired a new stake in shares of Boeing in the fourth quarter worth $25,000. Ares Financial Consulting LLC purchased a new position in shares of Boeing in the 4th quarter valued at $26,000. CrossGen Wealth LLC acquired a new position in shares of Boeing during the 4th quarter valued at $26,000. Finally, Strategic Wealth Advisors LLC purchased a new stake in Boeing during the 4th quarter worth $27,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.
Boeing Stock Performance
Shares of BA stock opened at $209.78 on Friday. The company has a market cap of $165.81 billion, a P/E ratio of 90.82 and a beta of 1.21. The business has a 50 day moving average of $220.87 and a two-hundred day moving average of $221.44. 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 Boeing Company has a 52 week low of $176.77 and a 52 week high of $254.35.
Analyst Upgrades and Downgrades
A number of research analysts have commented on BA shares. Weiss Ratings restated a “sell (d+)” rating on shares of Boeing in a research note on Tuesday, July 21st. JPMorgan Chase & Co. upped their price target on Boeing from $270.00 to $290.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Royal Bank Of Canada lowered their price objective on shares of Boeing from $275.00 to $265.00 and set an “outperform” rating for the company in a research report on Wednesday, July 29th. Sanford C. Bernstein started coverage on Boeing in a research report on Tuesday, August 11th. They set an “outperform” rating on the stock. Finally, Btg Pactual set a $260.00 price target on shares of Boeing in a report on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Boeing has a consensus rating of “Moderate Buy” and a consensus target price of $272.58.
Check Out Our Latest Research Report on Boeing
Boeing News Roundup
Here are the key news stories impacting Boeing this week:
- Positive Sentiment: Boeing secured a sole-source F-15 sustainment contract with a potential ceiling of approximately $131.23 billion through 2037. The award strengthens Boeing’s long-term defense backlog, although the ceiling represents a maximum potential value rather than guaranteed revenue. Boeing’s $131B F-15 Win
- Positive Sentiment: Boeing and RTX won a combined $766 million in B-52 modernization contracts, providing additional evidence of continued U.S. defense demand for Boeing’s products and services. Boeing, RTX Win B-52 Contracts
- Positive Sentiment: Recent commentary portrays Boeing’s turnaround as progressing, with profitability and strong revenue growth expected as the company stabilizes production. Bernstein also initiated or reiterated a Buy rating, while valuation analysis suggested the shares could be undervalued after their recent decline. Boeing vs. Joby Aviation
- Neutral Sentiment: Reports said President Trump purchased as much as $500,000 of Boeing stock on the same day the Navy awarded Boeing a contract worth up to $880 million. The purchase may attract attention, but it does not change Boeing’s underlying financial outlook. Trump Bought Boeing Stock
- Negative Sentiment: Boeing has posted contractor openings for engineering and technical roles during a labor dispute with the SPEEA white-collar union. The move raises concerns about a potential strike, workforce disruption and additional execution risk. Boeing Posts Contract Jobs
- Negative Sentiment: A Boeing quality manager publicly expressed serious concerns about the 787 and 737 MAX, reinforcing ongoing worries about manufacturing quality, regulatory scrutiny and production reliability. Boeing Quality Concerns
- Negative Sentiment: Investors remain cautious because Boeing continues to carry substantial debt and faces commercial-aircraft headwinds. Commentary also questioned whether the $131 billion F-15 figure could translate into meaningful near-term cash flow, while the company’s decision to repurchase a business it previously sold highlighted concerns about capital allocation. Boeing F-15 Contract Ceiling
Boeing Company Profile
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.
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