SFE Investment Counsel Acquires 150 Shares of The Boeing Company (NYSE:BA)

SFE Investment Counsel grew its holdings in shares of The Boeing Company (NYSE:BA) by 3.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,062 shares of the aircraft producer’s stock after purchasing an additional 150 shares during the quarter. SFE Investment Counsel’s holdings in Boeing were worth $1,319,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CNB Bank lifted its holdings in shares of Boeing by 106.5% in the third quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock worth $25,000 after buying an additional 66 shares in the last quarter. True Wealth Design LLC purchased a new stake in shares of Boeing in the fourth quarter worth about $33,000. Park Place Capital Corp lifted its holdings in shares of Boeing by 185.1% in the third quarter. Park Place Capital Corp now owns 211 shares of the aircraft producer’s stock worth $40,000 after buying an additional 137 shares in the last quarter. Industrial Alliance Investment Management Inc. purchased a new stake in shares of Boeing in the fourth quarter worth about $41,000. Finally, Fortis Capital Advisors LLC lifted its holdings in shares of Boeing by 100.0% in the first quarter. Fortis Capital Advisors LLC now owns 200 shares of the aircraft producer’s stock worth $42,000 after buying an additional 100 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Trading Up 0.1 %

Shares of BA stock traded up $0.22 during trading hours on Thursday, hitting $170.43. 3,746,050 shares of the company’s stock were exchanged, compared to its average volume of 9,749,793. The company has a market capitalization of $103.99 billion, a PE ratio of -46.73, a PEG ratio of 116.39 and a beta of 1.52. The Boeing Company has a 12-month low of $167.53 and a 12-month high of $267.54. The business’s 50 day simple moving average is $191.86 and its 200-day simple moving average is $207.54.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.72) by $0.25. The firm had revenue of $22.02 billion during the quarter, compared to the consensus estimate of $21.14 billion. During the same quarter in the prior year, the business posted ($1.75) EPS. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. Equities analysts anticipate that The Boeing Company will post 0.37 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on BA. Wells Fargo & Company lowered their price target on shares of Boeing from $225.00 to $215.00 and set an “equal weight” rating on the stock in a report on Thursday, February 1st. Benchmark reissued a “buy” rating and issued a $250.00 price target on shares of Boeing in a report on Tuesday, March 26th. TD Cowen lowered their price target on shares of Boeing from $275.00 to $230.00 and set an “outperform” rating on the stock in a report on Monday, March 25th. JPMorgan Chase & Co. lowered their price target on shares of Boeing from $230.00 to $210.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Finally, Bank of America lowered their target price on shares of Boeing from $210.00 to $190.00 and set a “neutral” rating on the stock in a research note on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $229.35.

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.