Empowered Funds LLC Invests $20.98 Million in The Boeing Company $BA

Key Points

• Empowered Funds LLC acquired 96,922 Boeing shares in the second quarter, valued at approximately $20.98 million. Institutional investors collectively own 64.82% of Boeing’s stock.
• Boeing’s outlook is supported by major defense awards, including a potential $131.23 billion F-15 sustainment contract and $766 million in B-52 modernization contracts, though the F-15 figure represents a maximum ceiling rather than guaranteed revenue.
• The company continues to face execution risks, including heavy debt, labor-dispute concerns and ongoing quality issues involving the 787 and 737 MAX. Analysts remain moderately bullish, with a consensus price target of $272.58, despite Boeing’s latest quarterly earnings missing estimates.

Empowered Funds LLC acquired a new stake in The Boeing Company (NYSE:BA - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 96,922 shares of the aircraft producer's stock, valued at approximately $20,981,000.

A number of other institutional investors also recently added to or reduced their stakes in BA. Jupiter Topco LLC purchased a new position in Boeing in the second quarter worth $911,878,000. Bank of New York Mellon Corp purchased a new position in shares of Boeing in the 2nd quarter valued at about $747,763,000. Legal & General Group Plc acquired a new stake in shares of Boeing in the second quarter valued at about $710,816,000. Deutsche Bank AG acquired a new position in Boeing during the second quarter worth about $539,456,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Boeing in the second quarter valued at about $441,997,000. Hedge funds and other institutional investors own 64.82% of the company's stock.

Key Stories Impacting Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing secured a sole-source F-15 sustainment contract with a potential ceiling of approximately $131.23 billion through 2037. The award strengthens Boeing’s long-term defense backlog, although the ceiling represents a maximum potential value rather than guaranteed revenue. Boeing's $131B F-15 Win
• Positive Sentiment: Boeing and RTX won a combined $766 million in B-52 modernization contracts, providing additional evidence of continued U.S. defense demand for Boeing’s products and services. Boeing, RTX Win B-52 Contracts
• Positive Sentiment: Recent commentary portrays Boeing’s turnaround as progressing, with profitability and strong revenue growth expected as the company stabilizes production. Bernstein also initiated or reiterated a Buy rating, while valuation analysis suggested the shares could be undervalued after their recent decline. Boeing vs. Joby Aviation
• Neutral Sentiment: Reports said President Trump purchased as much as $500,000 of Boeing stock on the same day the Navy awarded Boeing a contract worth up to $880 million. The purchase may attract attention, but it does not change Boeing’s underlying financial outlook. Trump Bought Boeing Stock
• Negative Sentiment: Boeing has posted contractor openings for engineering and technical roles during a labor dispute with the SPEEA white-collar union. The move raises concerns about a potential strike, workforce disruption and additional execution risk. Boeing Posts Contract Jobs
• Negative Sentiment: A Boeing quality manager publicly expressed serious concerns about the 787 and 737 MAX, reinforcing ongoing worries about manufacturing quality, regulatory scrutiny and production reliability. Boeing Quality Concerns
• Negative Sentiment: Investors remain cautious because Boeing continues to carry substantial debt and faces commercial-aircraft headwinds. Commentary also questioned whether the $131 billion F-15 figure could translate into meaningful near-term cash flow, while the company’s decision to repurchase a business it previously sold highlighted concerns about capital allocation. Boeing F-15 Contract Ceiling

Boeing Stock Performance

Shares of BA opened at $209.78 on Friday. The Boeing Company has a 1 year low of $176.77 and a 1 year high of $254.35. The company's 50 day simple moving average is $220.87 and its 200 day simple moving average is $221.44. The company has a market capitalization of $165.81 billion, a price-to-earnings ratio of 90.82 and a beta of 1.21. The company has a debt-to-equity ratio of 6.77, a quick ratio of 0.33 and a current ratio of 1.14.

Boeing (NYSE:BA - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The aircraft producer reported ($0.76) earnings per share for the quarter, missing the consensus estimate of ($0.34) by ($0.42). Boeing had a net margin of 2.41% and a negative return on equity of 346.82%. The business had revenue of $24.56 billion during the quarter, compared to analyst estimates of $24.26 billion. During the same quarter last year, the firm posted ($1.24) earnings per share. The company's revenue was up 8.0% on a year-over-year basis. On average, sell-side analysts predict that The Boeing Company will post -0.87 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently commented on BA shares. Argus raised Boeing from a "hold" rating to a "buy" rating and set a $265.00 price target on the stock in a research note on Tuesday, August 11th. UBS Group started coverage on Boeing in a research report on Tuesday, August 11th. They issued a "buy" rating for the company. Tigress Financial boosted their price objective on shares of Boeing from $295.00 to $305.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. Sanford C. Bernstein initiated coverage on shares of Boeing in a report on Tuesday, August 11th. They set an "outperform" rating for the company. Finally, Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Boeing in a report on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $272.58.

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.

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