E Fund Management Co. Ltd. Invests $631,000 in The Boeing Company $BA

E Fund Management Co. Ltd. acquired a new position in The Boeing Company (NYSE:BA) during the second quarter, HoldingsChannel.com reports. The institutional investor acquired 2,916 shares of the aircraft producer’s stock, valued at approximately $631,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of BA. XML Financial LLC boosted its position in shares of Boeing by 0.5% during the fourth quarter. XML Financial LLC now owns 8,905 shares of the aircraft producer’s stock worth $1,933,000 after buying an additional 43 shares during the period. North Star Investment Management Corp. grew its holdings in Boeing by 1.6% in the 4th quarter. North Star Investment Management Corp. now owns 2,833 shares of the aircraft producer’s stock worth $615,000 after buying an additional 44 shares in the last quarter. Strait & Sound Wealth Management LLC increased its position in Boeing by 1.1% in the 4th quarter. Strait & Sound Wealth Management LLC now owns 3,915 shares of the aircraft producer’s stock valued at $850,000 after acquiring an additional 44 shares during the period. B.O.S.S. Retirement Advisors LLC increased its position in Boeing by 1.4% in the 1st quarter. B.O.S.S. Retirement Advisors LLC now owns 3,175 shares of the aircraft producer’s stock valued at $632,000 after acquiring an additional 44 shares during the period. Finally, PKS Advisory Services LLC raised its stake in Boeing by 2.5% during the 4th quarter. PKS Advisory Services LLC now owns 1,839 shares of the aircraft producer’s stock valued at $399,000 after acquiring an additional 45 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Key Headlines Impacting Boeing

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 Stock Performance

Shares of Boeing stock opened at $221.79 on Thursday. The Boeing Company has a 12 month low of $176.77 and a 12 month high of $254.35. The company has a quick ratio of 0.33, a current ratio of 1.14 and a debt-to-equity ratio of 6.77. The stock has a market cap of $175.30 billion, a PE ratio of 96.01 and a beta of 1.21. The business has a fifty day simple moving average of $222.33 and a 200-day simple moving average of $222.44.

Boeing (NYSE:BA) last issued its 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). 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%. Boeing’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the company earned ($1.24) EPS. On average, sell-side analysts anticipate that The Boeing Company will post -0.87 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on BA. Robert W. Baird set a $300.00 price objective on shares of Boeing in a report on Wednesday, July 29th. Argus upgraded shares of Boeing from a “hold” rating to a “buy” rating and set a $265.00 price target on the stock in a research report on Tuesday, August 11th. Cantor Fitzgerald lowered shares of Boeing to a “neutral” rating in a research note on Tuesday, August 11th. Barclays cut shares of Boeing from an “equal weight” rating to an “underweight” rating in a report on Tuesday, August 11th. Finally, Sanford C. Bernstein started coverage on shares of Boeing in a research note on Tuesday, August 11th. They set an “outperform” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $272.58.

About Boeing

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.