T3 Companies LLC Acquires 16,358 Shares of The Boeing Company $BA

by · The Markets Daily

T3 Companies LLC increased its holdings in The Boeing Company (NYSE:BA – Free Report) by 1,487.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,458 shares of the aircraft producer’s stock after purchasing an additional 16,358 shares during the period. Boeing makes up 3.2% of T3 Companies LLC’s portfolio, making the stock its 7th biggest position. T3 Companies LLC’s holdings in Boeing were worth $3,248,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BA. Old North State Wealth Management LLC grew its position in Boeing by 5.5% in the third quarter. Old North State Wealth Management LLC now owns 39,882 shares of the aircraft producer’s stock valued at $7,420,000 after acquiring an additional 2,092 shares during the period. Royal Fund Management LLC raised its stake in Boeing by 1,372.2% during the third quarter. Royal Fund Management LLC now owns 21,273 shares of the aircraft producer’s stock worth $3,958,000 after acquiring an additional 19,828 shares in the last quarter. CMH Wealth Management LLC raised its stake in Boeing by 3.9% during the third quarter. CMH Wealth Management LLC now owns 74,324 shares of the aircraft producer’s stock worth $13,828,000 after acquiring an additional 2,766 shares in the last quarter. Benin Management CORP lifted its holdings in shares of Boeing by 28.8% during the third quarter. Benin Management CORP now owns 1,342 shares of the aircraft producer’s stock valued at $250,000 after acquiring an additional 300 shares during the period. Finally, NBT Bank N.A. bought a new position in shares of Boeing during the third quarter valued at $2,207,000. Institutional investors own 64.82% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on BA. The Goldman Sachs Group downgraded shares of Boeing from a “buy” rating to a “hold” rating in a research note on Tuesday, August 11th. TD Cowen dropped their target price on shares of Boeing from $250.00 to $240.00 and set a “buy” rating for the company in a research report on Friday, October 9th. Jefferies Financial Group dropped their target price on shares of Boeing from $295.00 to $265.00 and set a “buy” rating for the company in a research report on Monday, September 21st. Argus raised shares of Boeing from a “hold” rating to a “buy” rating and set a $265.00 price target for the company in a report on Tuesday, August 11th. Finally, UBS Group restated a “buy” rating on shares of Boeing in a research report on Tuesday, September 29th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $266.96.

View Our Latest Analysis on Boeing

Boeing Stock Down 2.5%

NYSE BA opened at $187.46 on Friday. The firm has a market cap of $148.17 billion, a PE ratio of 81.15 and a beta of 1.26. The Boeing Company has a one year low of $176.77 and a one year high of $254.35. The stock’s 50 day simple moving average is $201.61 and its 200 day simple moving average is $215.33. The company has a debt-to-equity ratio of 6.77, a current ratio of 1.14 and a quick ratio of 0.33.

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 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 business had revenue of $24.56 billion for the quarter, compared to analyst estimates of $24.26 billion. During the same period in the prior year, the business earned ($1.24) earnings per share. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. As a group, sell-side analysts forecast that The Boeing Company will post -1.08 earnings per share for the current fiscal year.

More Boeing News

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

About Boeing

(Free Report)

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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