AssuredPartners Investment Advisors LLC Invests $1.87 Million in The Boeing Company $BA

Key Points

• AssuredPartners Investment Advisors acquired 8,632 Boeing shares worth approximately $1.87 million, while institutional investors collectively own 64.82% of the company.
• Boeing’s stock opened at $221.79, with a market capitalization of $175.3 billion. The company reported a quarterly loss of $0.76 per share, missing estimates, despite revenue of $24.56 billion—up 8% year over year.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $272.58, although recent rating changes included downgrades from Goldman Sachs and Citigroup and an upgraded JPMorgan price target of $290.

AssuredPartners Investment Advisors LLC acquired a new position in shares of The Boeing Company (NYSE:BA - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 8,632 shares of the aircraft producer's stock, valued at approximately $1,868,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC bought a new position in Boeing in the 3rd quarter worth approximately $25,000. Strive Financial Group LLC bought a new stake in shares of Boeing in the fourth quarter valued at approximately $25,000. Ares Financial Consulting LLC bought a new stake in shares of Boeing in the fourth quarter valued at approximately $26,000. CrossGen Wealth LLC acquired a new stake in shares of Boeing in the fourth quarter worth $26,000. Finally, Strategic Wealth Advisors LLC acquired a new stake in shares of Boeing in the fourth quarter worth $27,000. Institutional investors own 64.82% of the company's stock.

Boeing Stock Down 0.6%

BA opened at $221.79 on Thursday. The company has a market capitalization of $175.30 billion, a P/E ratio of 96.01 and a beta of 1.21. 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 firm's fifty day moving average price is $222.33 and its two-hundred day moving average price is $222.44. The Boeing Company has a fifty-two week low of $176.77 and a fifty-two week high of $254.35.

Boeing (NYSE:BA - Get Free Report) 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). The business had revenue of $24.56 billion during the quarter, compared to analyst estimates of $24.26 billion. Boeing had a net margin of 2.41% and a negative return on equity of 346.82%. The company's quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($1.24) EPS. On average, analysts anticipate that The Boeing Company will post -0.87 EPS for the current year.

Wall Street Analyst Weigh In

BA has been the topic of a number of research reports. The Goldman Sachs Group lowered shares of Boeing from a "buy" rating to a "hold" rating in a research report on Tuesday, August 11th. Morgan Stanley raised their price target on shares of Boeing from $245.00 to $250.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 23rd. William Blair restated an "outperform" rating on shares of Boeing in a report on Tuesday, July 28th. Citigroup lowered shares of Boeing from a "buy" rating to a "sell" rating in a research report on Tuesday, August 11th. Finally, JPMorgan Chase & Co. increased their target price on shares of Boeing from $270.00 to $290.00 and gave the company an "overweight" rating in a research note on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $272.58.

Key Boeing News

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.

Want to see what other hedge funds are holding BA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Boeing Company (NYSE:BA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source