Bbfit Investments PTE Ltd. Invests $21.50 Million in The Boeing Company $BA

Bbfit Investments PTE Ltd. bought a new position in shares of The Boeing Company (NYSE:BA) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 99,000 shares of the aircraft producer’s stock, valued at approximately $21,495,000. Boeing makes up approximately 2.1% of Bbfit Investments PTE Ltd.’s portfolio, making the stock its 6th biggest position.

Several other hedge funds have also modified their holdings of BA. Measured Wealth Private Client Group LLC purchased a new stake in shares of Boeing during the 3rd quarter worth about $25,000. Ares Financial Consulting LLC purchased a new position in Boeing in the 4th quarter valued at about $26,000. Strategic Wealth Advisors LLC purchased a new position in Boeing in the 4th quarter valued at about $27,000. 1 North Wealth Services LLC purchased a new position in Boeing in the 4th quarter valued at about $27,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in Boeing in the 4th quarter valued at about $28,000. 64.82% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Boeing

In related news, Director Bradley D. Tilden purchased 1,370 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was purchased at an average price of $218.50 per share, with a total value of $299,345.00. Following the completion of the acquisition, the director owned 1,370 shares in the company, valued at $299,345. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.10% of the company’s stock.

Boeing Price Performance

NYSE:BA opened at $225.59 on Thursday. The Boeing Company has a one year low of $176.77 and a one year high of $254.35. The company has a debt-to-equity ratio of 7.42, a quick ratio of 0.35 and a current ratio of 1.18. The stock has a market cap of $177.83 billion, a PE ratio of 109.51 and a beta of 1.19. The stock has a 50 day moving average price of $223.85 and a 200 day moving average price of $222.57.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) EPS for the quarter, beating the consensus estimate of ($0.68) by $0.48. The company had revenue of $22.22 billion during the quarter, compared to analyst estimates of $22.15 billion. During the same period in the prior year, the business posted ($0.49) EPS. Boeing’s revenue for the quarter was up 14.0% compared to the same quarter last year. Equities research analysts expect that The Boeing Company will post -0.15 EPS for the current fiscal year.

Analyst Ratings Changes

BA has been the topic of a number of research reports. Tigress Financial raised their price target on shares of Boeing from $290.00 to $295.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Boeing in a research note on Wednesday, March 4th. Wolfe Research reaffirmed an “outperform” rating and issued a $275.00 price target on shares of Boeing in a research note on Thursday, April 23rd. Wells Fargo & Company initiated coverage on shares of Boeing in a research note on Wednesday, April 1st. They issued an “overweight” rating and a $250.00 price target on the stock. Finally, Citigroup raised their price target on shares of Boeing from $256.00 to $260.00 and gave the company a “buy” rating in a research note on Monday, May 18th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Boeing currently has an average rating of “Moderate Buy” and an average price target of $262.32.

Key Stories Impacting Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing is benefiting from a broader risk-on move after the U.S.-Iran peace deal reopened the Strait of Hormuz, easing geopolitical worries and lifting aerospace shares. Investors are also reacting to reports that BA may be undervalued, with some analysts still seeing room for the stock to rise. Boeing (BA) Stock Could Be 16.4% Undervalued After Peace Deal Lifts Sentiment
• Positive Sentiment: New coverage highlighted Boeing’s defense business as a potential growth driver, pointing to 21% defense revenue growth, $9 billion in orders, and an $86 billion backlog. That reinforces the view that Boeing’s recovery may be increasingly supported by military and government contracts. Can Defense Contracts Help Fuel Boeing’s Next Phase of Growth?
• Neutral Sentiment: Boeing also got a fresh nod from analysts, with reports calling the stock a “Moderate Buy.” That supports sentiment, but it is not a near-term catalyst by itself. The Boeing Company (NYSE:BA) Given Average Recommendation of “Moderate Buy” by Analysts
• Negative Sentiment: Investor attention is still on the deadly B-52 crash at Edwards Air Force Base, where Boeing employees were among the victims. Early reports suggest the aircraft plunged rapidly before impact, and the incident could lead to scrutiny of Boeing’s defense programs even though the investigation is ongoing. B-52 on test flight plunged at nearly a mile a minute before crashing, early data shows – PBS

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.