Round Rock Advisors LLC Purchases 532 Shares of The Boeing Company (NYSE:BA)

Round Rock Advisors LLC grew its position in The Boeing Company (NYSE:BA) by 36.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,007 shares of the aircraft producer’s stock after buying an additional 532 shares during the period. Round Rock Advisors LLC’s holdings in Boeing were worth $355,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Sugar Maple Asset Management LLC acquired a new position in Boeing in the fourth quarter valued at about $27,000. RPg Family Wealth Advisory LLC bought a new position in shares of Boeing during the 3rd quarter valued at about $28,000. Fiduciary Advisors Inc. acquired a new position in shares of Boeing in the 4th quarter valued at approximately $28,000. Cedar Wealth Management LLC bought a new stake in Boeing during the 3rd quarter worth approximately $30,000. Finally, Heck Capital Advisors LLC acquired a new stake in Boeing during the 4th quarter worth approximately $33,000. Institutional investors own 64.82% of the company’s stock.

Wall Street Analysts Forecast Growth

BA has been the subject of several research analyst reports. DZ Bank cut shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price target for the company. in a report on Tuesday, October 15th. Benchmark reaffirmed a “buy” rating and issued a $250.00 target price on shares of Boeing in a research note on Thursday, October 24th. JPMorgan Chase & Co. lifted their price target on Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday. Wells Fargo & Company upped their price objective on Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a research report on Wednesday. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 price objective on shares of Boeing in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $195.00.

Boeing Price Performance

Boeing stock opened at $176.26 on Friday. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $214.63. The firm has a market capitalization of $108.96 billion, a PE ratio of -9.62 and a beta of 1.52. The company’s 50-day moving average is $169.50 and its 200-day moving average is $164.20.

Boeing (NYSE:BA) last released its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter in the previous year, the company posted ($0.47) earnings per share. As a group, analysts expect that The Boeing Company will post -1.61 EPS for the current year.

About Boeing

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through Commercial Airplanes; Defense, Space & Security; and Global Services segments.