The Boeing Company (NYSE:BA) Shares Bought by SFE Investment Counsel

SFE Investment Counsel boosted its stake in shares of The Boeing Company (NYSE:BA) by 3.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,062 shares of the aircraft producer’s stock after acquiring an additional 150 shares during the quarter. SFE Investment Counsel’s holdings in Boeing were worth $1,319,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in BA. CNB Bank lifted its holdings in shares of Boeing by 106.5% in the 3rd quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock valued at $25,000 after buying an additional 66 shares during the period. True Wealth Design LLC acquired a new stake in shares of Boeing in the 4th quarter valued at approximately $33,000. Park Place Capital Corp lifted its holdings in shares of Boeing by 185.1% in the 3rd quarter. Park Place Capital Corp now owns 211 shares of the aircraft producer’s stock valued at $40,000 after buying an additional 137 shares during the period. Industrial Alliance Investment Management Inc. acquired a new stake in shares of Boeing in the 4th quarter valued at approximately $41,000. Finally, Fortis Capital Advisors LLC lifted its holdings in shares of Boeing by 100.0% in the 1st quarter. Fortis Capital Advisors LLC now owns 200 shares of the aircraft producer’s stock valued at $42,000 after buying an additional 100 shares during the period. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Stock Up 0.1 %

Shares of NYSE:BA traded up $0.22 during midday trading on Thursday, reaching $170.43. The company’s stock had a trading volume of 3,746,050 shares, compared to its average volume of 9,749,793. The firm has a market cap of $103.99 billion, a price-to-earnings ratio of -46.73, a price-to-earnings-growth ratio of 116.39 and a beta of 1.52. The Boeing Company has a 1 year low of $167.53 and a 1 year high of $267.54. The business has a 50 day moving average price of $191.86 and a 200 day moving average price of $207.54.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported ($0.47) EPS for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.25. The business had revenue of $22.02 billion during the quarter, compared to analysts’ expectations of $21.14 billion. During the same period in the prior year, the firm earned ($1.75) EPS. Boeing’s revenue for the quarter was up 10.2% on a year-over-year basis. Sell-side analysts anticipate that The Boeing Company will post 0.37 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Royal Bank of Canada reduced their price target on Boeing from $225.00 to $215.00 and set an “outperform” rating for the company in a report on Tuesday. Melius Research reaffirmed a “hold” rating on shares of Boeing in a report on Monday, April 1st. Susquehanna reduced their price objective on Boeing from $265.00 to $230.00 and set a “positive” rating for the company in a report on Thursday, March 21st. Citigroup reduced their price objective on Boeing from $263.00 to $252.00 and set a “buy” rating for the company in a report on Thursday, March 28th. Finally, Edward Jones cut Boeing from a “buy” rating to a “hold” rating in a report on Monday, January 8th. One analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $229.35.

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.