Allied Investment Advisors LLC Invests $343,000 in The Boeing Company (NYSE:BA)

Allied Investment Advisors LLC purchased a new stake in shares of The Boeing Company (NYSE:BA) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,940 shares of the aircraft producer’s stock, valued at approximately $343,000.

A number of other large investors also recently bought and sold shares of the stock. Sierra Ocean LLC acquired a new stake in shares of Boeing during the 4th quarter valued at about $26,000. Sugar Maple Asset Management LLC purchased a new position in Boeing during the fourth quarter worth approximately $27,000. Fiduciary Advisors Inc. acquired a new stake in Boeing in the fourth quarter valued at approximately $28,000. HighMark Wealth Management LLC increased its position in shares of Boeing by 121.6% in the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock valued at $29,000 after buying an additional 90 shares in the last quarter. Finally, RPg Family Wealth Advisory LLC acquired a new position in shares of Boeing during the 3rd quarter worth approximately $28,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Trading Up 0.2 %

Shares of BA stock opened at $184.73 on Wednesday. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $208.10. The stock has a market cap of $138.56 billion, a price-to-earnings ratio of -10.08 and a beta of 1.52. The company’s 50-day moving average price is $175.92 and its 200-day moving average price is $164.05.

Boeing (NYSE:BA) last posted its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter in the prior year, the business posted ($0.47) EPS. As a group, equities research analysts predict that The Boeing Company will post -2.3 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on BA shares. Benchmark reissued a “buy” rating and issued a $250.00 price target on shares of Boeing in a research note on Thursday, October 24th. Morgan Stanley cut their target price on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research note on Thursday, October 24th. Citigroup raised their price target on shares of Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, February 10th. UBS Group boosted their price objective on Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Finally, Susquehanna raised their target price on Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a research report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Boeing presently has a consensus rating of “Moderate Buy” and a consensus price target of $195.16.

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.