1,163 Shares in The Boeing Company (NYSE:BA) Acquired by Horizon Investment Services LLC

Horizon Investment Services LLC acquired a new stake in The Boeing Company (NYSE:BA) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 1,163 shares of the aircraft producer’s stock, valued at approximately $206,000.

Other institutional investors have also recently modified their holdings of the company. Quantbot Technologies LP acquired a new position in shares of Boeing in the 3rd quarter valued at approximately $1,295,000. CreativeOne Wealth LLC increased its stake in Boeing by 5.3% in the third quarter. CreativeOne Wealth LLC now owns 5,911 shares of the aircraft producer’s stock valued at $899,000 after acquiring an additional 298 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Boeing by 5.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 133,689 shares of the aircraft producer’s stock valued at $20,326,000 after purchasing an additional 7,298 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Boeing by 16.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,472,126 shares of the aircraft producer’s stock worth $375,862,000 after purchasing an additional 348,652 shares during the last quarter. Finally, Public Sector Pension Investment Board boosted its holdings in shares of Boeing by 17.4% in the 3rd quarter. Public Sector Pension Investment Board now owns 25,590 shares of the aircraft producer’s stock valued at $3,891,000 after purchasing an additional 3,800 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors.

Boeing Stock Performance

NYSE:BA opened at $172.98 on Friday. The firm has a market cap of $129.74 billion, a P/E ratio of -9.44 and a beta of 1.53. The firm’s fifty day moving average is $173.98 and its 200-day moving average is $164.17. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $196.95.

Boeing (NYSE:BA) last issued 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 in the previous year, the business earned ($0.47) earnings per share. As a group, sell-side analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on BA. Northcoast Research upgraded Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Citigroup increased their target price on shares of Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, January 2nd. Susquehanna increased their price objective on shares of Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a research note on Wednesday, January 29th. Finally, Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $190.00 to $210.00 in a report on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $195.68.

Insider Activity

In other news, EVP Uma M. Amuluru sold 3,159 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $180.69, for a total transaction of $570,799.71. Following the completion of the sale, the executive vice president now directly owns 19,213 shares of the company’s stock, valued at $3,471,596.97. The trade was a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.09% of the stock is currently owned by company insiders.

Boeing Company 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.