Gibraltar Capital Management Inc. Decreases Stake in The Boeing Company (NYSE:BA)

Gibraltar Capital Management Inc. reduced its stake in The Boeing Company (NYSE:BA) by 5.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,978 shares of the aircraft producer’s stock after selling 1,608 shares during the period. Boeing comprises 3.0% of Gibraltar Capital Management Inc.’s investment portfolio, making the stock its 13th largest position. Gibraltar Capital Management Inc.’s holdings in Boeing were worth $7,032,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of BA. Brighton Jones LLC increased its stake in shares of Boeing by 14.0% during the fourth quarter. Brighton Jones LLC now owns 19,873 shares of the aircraft producer’s stock valued at $5,180,000 after buying an additional 2,433 shares during the period. Vanguard Capital Wealth Advisors increased its stake in shares of Boeing by 22.0% during the fourth quarter. Vanguard Capital Wealth Advisors now owns 10,966 shares of the aircraft producer’s stock valued at $2,858,000 after buying an additional 1,975 shares during the period. Mission Wealth Management LP increased its stake in shares of Boeing by 3.4% during the fourth quarter. Mission Wealth Management LP now owns 38,117 shares of the aircraft producer’s stock valued at $9,936,000 after buying an additional 1,268 shares during the period. Stonebridge Financial Planning Group LLC purchased a new position in shares of Boeing during the fourth quarter valued at approximately $252,000. Finally, WealthTrust Axiom LLC increased its stake in shares of Boeing by 12.3% during the fourth quarter. WealthTrust Axiom LLC now owns 3,362 shares of the aircraft producer’s stock valued at $876,000 after buying an additional 368 shares during the period. 64.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BA has been the topic of several research analyst reports. Melius Research reissued a “hold” rating on shares of Boeing in a research note on Monday, April 1st. Sanford C. Bernstein dropped their price target on Boeing from $272.00 to $240.00 and set an “outperform” rating on the stock in a research report on Monday, April 8th. TD Cowen dropped their price target on Boeing from $275.00 to $230.00 and set an “outperform” rating on the stock in a research report on Monday, March 25th. Royal Bank of Canada dropped their price target on Boeing from $225.00 to $215.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 16th. Finally, Stifel Nicolaus dropped their price target on Boeing from $270.00 to $260.00 and set a “buy” rating on the stock in a research report on Wednesday, April 10th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Boeing has an average rating of “Hold” and a consensus price target of $222.41.

Boeing Price Performance

Boeing stock traded down $5.65 during mid-day trading on Tuesday, reaching $167.84. 8,171,877 shares of the stock traded hands, compared to its average volume of 9,716,028. The stock has a market capitalization of $103.03 billion, a PE ratio of -47.28 and a beta of 1.52. The Boeing Company has a 12-month low of $159.70 and a 12-month high of $267.54. The business’s 50-day moving average is $185.21 and its 200-day moving average is $206.38.

Boeing (NYSE:BA) last posted 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 firm had revenue of $22.02 billion for the quarter, compared to analysts’ expectations of $21.14 billion. The firm’s revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the company posted ($1.75) EPS. Equities analysts anticipate that The Boeing Company will post -0.3 EPS for the current fiscal year.

Boeing Profile

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.