Bbfit Investments PTE Ltd. Acquires Shares of 99,000 The Boeing Company $BA

Bbfit Investments PTE Ltd. acquired a new stake in The Boeing Company (NYSE:BA) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 99,000 shares of the aircraft producer’s stock, valued at approximately $21,431,000. Boeing accounts for approximately 1.9% of Bbfit Investments PTE Ltd.’s portfolio, making the stock its 5th biggest holding.

A number of other hedge funds have also modified their holdings of BA. Birmingham Capital Management Co. Inc. AL acquired a new position in shares of Boeing in the 2nd quarter valued at $2,756,000. Magnolia Capital Advisors LLC acquired a new stake in Boeing during the 2nd quarter worth $533,000. Caisse de depot et placement du Quebec acquired a new stake in Boeing during the 2nd quarter worth $74,452,000. Gallagher Fiduciary Advisors LLC purchased a new position in Boeing during the 2nd quarter worth $261,000. Finally, Pointe Capital Management LLC purchased a new position in Boeing during the 2nd quarter worth $796,000. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Boeing Trading Up 0.7%

NYSE BA opened at $212.48 on Thursday. The stock has a market capitalization of $167.94 billion, a P/E ratio of 91.98 and a beta of 1.21. The Boeing Company has a 52-week low of $176.77 and a 52-week high of $254.35. The firm has a 50-day moving average price of $221.15 and a 200 day moving average price of $221.68. The company has a quick ratio of 0.33, a current ratio of 1.14 and a debt-to-equity ratio of 6.77.

Boeing (NYSE:BA) last announced its quarterly earnings data on Tuesday, July 28th. The aircraft producer reported ($0.76) EPS for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.42). Boeing had a net margin of 2.41% and a negative return on equity of 346.82%. The firm had revenue of $24.56 billion during the quarter, compared to analyst estimates of $24.26 billion. During the same quarter in the previous year, the business earned ($1.24) EPS. Boeing’s revenue for the quarter was up 8.0% on a year-over-year basis. Equities research analysts expect that The Boeing Company will post -0.87 EPS for the current year.

Analyst Upgrades and Downgrades

BA has been the subject of a number of research reports. Cantor Fitzgerald cut shares of Boeing to a “neutral” rating in a report on Tuesday, August 11th. Wolfe Research lowered Boeing from an “outperform” rating to a “hold” rating in a report on Tuesday, August 11th. Barclays downgraded Boeing from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, August 11th. The Goldman Sachs Group downgraded Boeing from a “buy” rating to a “hold” rating in a research note on Tuesday, August 11th. Finally, Royal Bank Of Canada dropped their target price on Boeing from $275.00 to $265.00 and set an “outperform” rating on the stock in a report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $272.58.

More Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Bernstein initiated or reiterated a Buy view on Boeing, providing support for the stock despite recent operational concerns. Boeing Gets a Buy from Bernstein
• Positive Sentiment: Boeing and RTX won approximately $766 million in U.S. Air Force contracts tied to B-52 modernization. The award reinforces Boeing’s defense exposure and provides incremental backlog and revenue visibility. Boeing and RTX Win B-52 Modernization Contracts
• Positive Sentiment: The market continues to focus on Boeing’s potential $131.23 billion F-15 Eagle contract ceiling, which could support defense revenue through 2037 and include modernization, sustainment, and foreign military sales. However, the indefinite-delivery/indefinite-quantity award is a maximum authorization—not guaranteed revenue—and only about $344,000 was initially funded. F-15 Eagle Contract Announcement
• Positive Sentiment: Some valuation analysis argues Boeing may be undervalued after a roughly 10% annual decline, citing long-term defense contracts and technology partnerships as potential cash-flow catalysts. Execution remains the key risk. Boeing Stock Could Be Undervalued

About Boeing

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.