Horizon Investment Services LLC Acquires New Holdings in The Boeing Company (NYSE:BA)

Horizon Investment Services LLC bought a new position in The Boeing Company (NYSE:BA) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 1,163 shares of the aircraft producer’s stock, valued at approximately $206,000.

Other hedge funds also recently bought and sold shares of the company. Keynote Financial Services LLC raised its stake in Boeing by 3.8% during the 4th quarter. Keynote Financial Services LLC now owns 1,542 shares of the aircraft producer’s stock worth $273,000 after buying an additional 57 shares during the period. Chaney Capital Management Inc. raised its position in shares of Boeing by 2.1% during the fourth quarter. Chaney Capital Management Inc. now owns 2,870 shares of the aircraft producer’s stock worth $508,000 after purchasing an additional 58 shares during the period. Farmers & Merchants Investments Inc. lifted its holdings in shares of Boeing by 0.6% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 10,608 shares of the aircraft producer’s stock valued at $1,878,000 after purchasing an additional 59 shares in the last quarter. Center for Financial Planning Inc. grew its position in shares of Boeing by 12.0% in the 4th quarter. Center for Financial Planning Inc. now owns 562 shares of the aircraft producer’s stock valued at $99,000 after purchasing an additional 60 shares during the period. Finally, Transcend Capital Advisors LLC increased its stake in Boeing by 1.3% during the 4th quarter. Transcend Capital Advisors LLC now owns 4,923 shares of the aircraft producer’s stock worth $871,000 after purchasing an additional 61 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Trading Down 3.4 %

Shares of NYSE BA opened at $172.98 on Friday. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $196.95. The stock has a 50 day moving average of $173.98 and a 200-day moving average of $164.17. The company has a market capitalization of $129.74 billion, a P/E ratio of -9.44 and a beta of 1.53.

Boeing (NYSE:BA) last released its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter in the previous year, the business posted ($0.47) EPS. Analysts predict that The Boeing Company will post -2.58 EPS for the current fiscal year.

Insider Activity at Boeing

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $180.69, for a total value of $570,799.71. Following the transaction, the executive vice president now directly owns 19,213 shares of the company’s stock, valued at $3,471,596.97. This represents a 14.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.09% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. Susquehanna upped their target price on shares of Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research note on Wednesday, January 29th. Wells Fargo & Company lifted their price target on Boeing from $103.00 to $113.00 and gave the company an “underweight” rating in a research note on Monday, March 17th. Melius Research raised Boeing from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 24th. Finally, JPMorgan Chase & Co. lifted their target price on Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $195.68.

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.