one8zero8 LLC Makes New $643,000 Investment in The Boeing Company $BA

one8zero8 LLC acquired a new stake in The Boeing Company (NYSE:BA) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 2,969 shares of the aircraft producer’s stock, valued at approximately $643,000.

Other hedge funds also recently modified their holdings of the company. Revolve Wealth Partners LLC acquired a new position in Boeing in the 4th quarter valued at about $201,000. Sivia Capital Partners LLC lifted its position in Boeing by 16.5% during the second quarter. Sivia Capital Partners LLC now owns 1,529 shares of the aircraft producer’s stock worth $320,000 after acquiring an additional 217 shares during the last quarter. AXA S.A. boosted its holdings in shares of Boeing by 1,225.7% during the second quarter. AXA S.A. now owns 34,655 shares of the aircraft producer’s stock worth $7,261,000 after acquiring an additional 32,041 shares during the period. Ieq Capital LLC boosted its holdings in shares of Boeing by 243.8% during the second quarter. Ieq Capital LLC now owns 33,485 shares of the aircraft producer’s stock worth $7,016,000 after acquiring an additional 23,746 shares during the period. Finally, Alliancebernstein L.P. grew its position in shares of Boeing by 4.2% in the second quarter. Alliancebernstein L.P. now owns 1,334,451 shares of the aircraft producer’s stock valued at $279,608,000 after purchasing an additional 53,736 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Price Performance

Shares of NYSE:BA opened at $221.79 on Thursday. The firm has a 50 day moving average of $222.33 and a 200-day moving average of $222.44. The Boeing Company has a 12 month low of $176.77 and a 12 month 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. The stock has a market capitalization of $175.30 billion, a PE ratio of 96.01 and a beta of 1.21.

Boeing (NYSE:BA) last announced its quarterly earnings data on Tuesday, July 28th. The aircraft producer reported ($0.76) earnings per share (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 the consensus estimate of $24.26 billion. During the same period last year, the business earned ($1.24) earnings per share. The business’s revenue was up 8.0% compared to the same quarter last year. On average, equities research analysts predict that The Boeing Company will post -0.87 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on BA. BNP Paribas Exane upgraded Boeing from an “underperform” rating to an “outperform” rating and increased their target price for the stock from $230.00 to $300.00 in a research note on Monday, August 3rd. Btg Pactual set a $260.00 price objective on Boeing in a report on Tuesday, July 14th. Royal Bank Of Canada lowered their price objective on Boeing from $275.00 to $265.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 29th. Morgan Stanley lifted their target price on Boeing from $245.00 to $250.00 and gave the stock an “equal weight” rating in a report on Thursday, April 23rd. Finally, William Blair reissued an “outperform” rating on shares of Boeing in a research report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Boeing has a consensus rating of “Moderate Buy” and a consensus price target of $272.58.

Trending Headlines about Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing is pursuing an internal turnaround under CEO Kelly Ortberg, emphasizing engineering discipline, production quality and long-term aircraft development rather than short-term Wall Street targets. The strategy could improve execution and restore customer and investor confidence, although results will take time. How Kelly Ortberg is rebuilding Boeing from the inside out
• Positive Sentiment: Wright-Patterson Air Force Base awarded Boeing a $75 million contract for Air Force One spare parts, providing incremental support for the company’s defense and government-services business. Boeing $75 million Air Force One parts contract
• Positive Sentiment: Boeing and Lockheed Martin’s United Launch Alliance reportedly completed a $1.5 billion private bond offering—three times the initial target—suggesting strong investor demand for ULA financing and continued interest in its space business. Boeing Q2 earnings context

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.