Entropy Technologies LP Makes New Investment in The Boeing Company (NYSE:BA)

Entropy Technologies LP acquired a new position in The Boeing Company (NYSE:BA) in the fourth quarter, Holdings Channel reports. The firm acquired 15,713 shares of the aircraft producer’s stock, valued at approximately $2,781,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BA. Sugar Maple Asset Management LLC acquired a new stake in shares of Boeing during the 4th quarter valued at $27,000. RPg Family Wealth Advisory LLC bought a new position in Boeing in the 3rd quarter worth $28,000. Fiduciary Advisors Inc. bought a new position in Boeing in the 4th quarter worth $28,000. Cedar Wealth Management LLC bought a new position in Boeing in the 3rd quarter worth $30,000. Finally, Heck Capital Advisors LLC bought a new position in Boeing in the 4th quarter worth $33,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on BA. Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. Sanford C. Bernstein lowered shares of Boeing from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $195.00 to $169.00 in a research report on Wednesday, October 30th. Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $190.00 to $210.00 in a research report on Monday, January 6th. Morgan Stanley reduced their price target on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 24th. Finally, DZ Bank lowered shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price target on the stock. in a research report on Tuesday, October 15th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $195.00.

Boeing Price Performance

BA stock opened at $181.51 on Friday. The company has a fifty day moving average price of $172.22 and a two-hundred day moving average price of $164.29. The Boeing Company has a one year low of $137.03 and a one year high of $213.10. The stock has a market cap of $136.14 billion, a price-to-earnings ratio of -9.91 and a beta of 1.52.

Boeing (NYSE:BA) last announced its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter in the prior year, the company earned ($0.47) EPS. Research analysts anticipate that The Boeing Company will post -2.3 EPS for the current fiscal 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.