16,358 The Boeing Company $BA Shares Bought by T3 Companies LLC

Key Points

• T3 Companies LLC increased its Boeing stake by 1,487.1% in the third quarter, purchasing 16,358 additional shares and bringing its holdings to 17,458 shares valued at approximately $3.25 million.
• Boeing received final FAA certification for the 737 MAX 10, potentially enabling deliveries of about 1,555 ordered aircraft and supporting future production, cash flow and turnaround prospects.
• Despite a “Moderate Buy” consensus and $266.96 average price target, Boeing faces execution risks including supply-chain delays, production challenges, high leverage and weak profitability; shares recently opened at $187.46.

T3 Companies LLC lifted its holdings in shares of The Boeing Company (NYSE:BA - Free Report) by 1,487.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,458 shares of the aircraft producer's stock after purchasing an additional 16,358 shares during the quarter. Boeing makes up about 3.2% of T3 Companies LLC's holdings, making the stock its 7th biggest position. T3 Companies LLC's holdings in Boeing were worth $3,248,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Jupiter Topco LLC bought a new stake in Boeing in the second quarter worth $911,878,000. Bank of New York Mellon Corp acquired a new position in Boeing during the second quarter worth $747,763,000. Legal & General Group Plc bought a new position in Boeing during the second quarter valued at about $710,816,000. Deutsche Bank AG bought a new position in Boeing during the second quarter valued at about $539,456,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Boeing during the second quarter valued at about $441,997,000. Institutional investors and hedge funds own 64.82% of the company's stock.

Analyst Ratings Changes

BA has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Boeing in a research report on Monday. Citigroup lowered Boeing from a "buy" rating to a "sell" rating in a report on Tuesday, August 11th. Btg Pactual set a $260.00 price objective on Boeing in a report on Tuesday, July 14th. Sanford C. Bernstein cut their price objective on Boeing from $298.00 to $278.00 and set an "outperform" rating on the stock in a research note on Monday, October 12th. Finally, Tigress Financial boosted their target price on Boeing from $295.00 to $305.00 and gave the stock a "buy" rating in a report on Thursday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have given a Hold rating and four have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $266.96.

Key Headlines Impacting Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: The FAA granted final certification to the 737 MAX 10, clearing the way for deliveries of an aircraft with approximately 1,555 orders. The approval could help Boeing compete more effectively with Airbus’ A321neo and ease a key delivery bottleneck. Boeing 737 MAX 10 certification
• Positive Sentiment: Analysts said MAX 10 approval could support more stable production and deliveries as aircraft demand builds in 2027 and 2028, potentially improving Boeing’s cash flow and turnaround prospects. Boeing wins FAA certification
• Neutral Sentiment: Boeing is scheduled to report third-quarter results before the market opens on October 27. Analysts are focused on aircraft deliveries, services demand, production rates and other operating metrics, with some forecasts calling for double-digit earnings growth. Boeing earnings preview
• Negative Sentiment: Investors still face execution concerns ahead of earnings, including supply-chain delays, the need to ramp 737 MAX production and Boeing’s negative return on invested capital. These issues could limit the benefit of the MAX 10 certification if deliveries and profitability do not improve. Boeing stock before earnings
• Negative Sentiment: The certification news has not translated into sustained buying, likely because approval was widely expected. With Boeing trading at a high earnings multiple and carrying substantial leverage, investors may be demanding clearer evidence of improving cash generation before bidding the shares higher. Boeing receives FAA approval

Boeing Stock Performance

Shares of BA opened at $187.46 on Friday. The company has a market capitalization of $148.17 billion, a PE ratio of 81.15 and a beta of 1.26. The company has a debt-to-equity ratio of 6.77, a current ratio of 1.14 and a quick ratio of 0.33. The Boeing Company has a one year low of $176.77 and a one year high of $254.35. The company's fifty day moving average price is $201.61 and its 200 day moving average price is $215.33.

Boeing (NYSE:BA - Get Free Report) last released its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $24.26 billion. During the same quarter last year, the company earned ($1.24) earnings per share. The firm's revenue was up 8.0% on a year-over-year basis. As a group, analysts expect that The Boeing Company will post -1.08 earnings per share for the current year.

Boeing Profile

The Boeing Company NYSE: BA is a global aerospace company that designs, manufactures and supports commercial airplanes, military aircraft, satellites, space systems and related products and services. Its offerings serve airlines, government agencies, defense organizations and other customers worldwide.

Boeing operates through three principal business areas: Commercial Airplanes, which develops and produces passenger and cargo aircraft; Defense, Space & Security, which provides military aircraft, weapons systems, satellites and space-related platforms; and Global Services, which offers parts, maintenance, training, engineering and other lifecycle support.

Founded in 1916 by William Boeing, the company has grown into one of the world's major aerospace manufacturers.

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