Investment House LLC Takes Position in The Boeing Company (NYSE:BA)

Investment House LLC purchased a new stake in The Boeing Company (NYSE:BA) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 14,430 shares of the aircraft producer’s stock, valued at approximately $2,554,000.

A number of other hedge funds also recently made changes to their positions in BA. Empowered Funds LLC raised its holdings in Boeing by 3.5% in the 3rd quarter. Empowered Funds LLC now owns 15,006 shares of the aircraft producer’s stock valued at $2,282,000 after buying an additional 505 shares during the last quarter. Caprock Group LLC raised its holdings in Boeing by 2.5% in the 3rd quarter. Caprock Group LLC now owns 10,234 shares of the aircraft producer’s stock valued at $1,556,000 after buying an additional 252 shares during the last quarter. Prospera Financial Services Inc raised its holdings in Boeing by 5.7% in the 3rd quarter. Prospera Financial Services Inc now owns 22,430 shares of the aircraft producer’s stock valued at $3,411,000 after buying an additional 1,214 shares during the last quarter. Fifth Third Wealth Advisors LLC raised its holdings in Boeing by 33.3% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 2,485 shares of the aircraft producer’s stock valued at $378,000 after buying an additional 621 shares during the last quarter. Finally, SouthState Corp raised its holdings in Boeing by 3.6% in the 3rd quarter. SouthState Corp now owns 2,481 shares of the aircraft producer’s stock valued at $377,000 after buying an additional 86 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Trading Down 0.2 %

NYSE BA opened at $161.57 on Wednesday. The company has a fifty day simple moving average of $172.83 and a 200 day simple moving average of $163.41. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $196.95. The company has a market cap of $121.19 billion, a P/E ratio of -8.82 and a beta of 1.53.

Boeing (NYSE:BA) last posted its quarterly earnings results 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 last year, the business earned ($0.47) EPS. Sell-side analysts predict that The Boeing Company will post -2.58 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $190.00 to $210.00 in a report on Monday, January 6th. Susquehanna raised their price target on shares of Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a report on Wednesday, January 29th. Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. StockNews.com upgraded shares of Boeing to a “sell” rating in a report on Wednesday, March 12th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. Two equities 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 given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $195.68.

Insider Activity at Boeing

In related news, EVP Uma M. Amuluru sold 3,159 shares of Boeing stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $180.69, for a total value of $570,799.71. Following the completion of the sale, the executive vice president now owns 19,213 shares of the company’s stock, valued at approximately $3,471,596.97. This trade represents a 14.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.16% of the stock is currently owned by insiders.

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.