Ironwood Financial llc Has $514,000 Position in The Boeing Company (NYSE:BA)


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Ironwood Financial llc grew its holdings in shares of The Boeing Company (NYSE:BA) by 7.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,017 shares of the aircraft producer’s stock after acquiring an additional 138 shares during the period. Ironwood Financial llc’s holdings in The Boeing were worth $514,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. Schonfeld Strategic Advisors LLC acquired a new stake in shares of The Boeing in the 3rd quarter valued at about $1,634,000. Brinker Capital Investments LLC grew its stake in shares of The Boeing by 52.7% in the 3rd quarter. Brinker Capital Investments LLC now owns 1,767 shares of the aircraft producer’s stock valued at $292,000 after buying an additional 610 shares during the period. Strs Ohio grew its stake in shares of The Boeing by 13.7% in the 3rd quarter. Strs Ohio now owns 312,888 shares of the aircraft producer’s stock valued at $51,707,000 after buying an additional 37,690 shares during the period. Cacti Asset Management LLC lifted its position in The Boeing by 4.3% in the 4th quarter. Cacti Asset Management LLC now owns 158,231 shares of the aircraft producer’s stock valued at $34,284,000 after acquiring an additional 6,500 shares in the last quarter. Finally, Stillwater Investment Management LLC lifted its position in The Boeing by 31.1% in the 4th quarter. Stillwater Investment Management LLC now owns 2,948 shares of the aircraft producer’s stock valued at $631,000 after acquiring an additional 700 shares in the last quarter. Hedge funds and other institutional investors own 51.41% of the company’s stock.

Shares of The Boeing stock traded down $7.35 on Tuesday, reaching $227.84. The stock had a trading volume of 400,620 shares, compared to its average volume of 15,557,191. The company has a 50 day moving average price of $248.23 and a 200 day moving average price of $215.96. The Boeing Company has a 1 year low of $113.89 and a 1 year high of $278.57. The stock has a market capitalization of $133.24 billion, a P/E ratio of -29.81, a P/E/G ratio of 101.91 and a beta of 1.65.

The Boeing (NYSE:BA) last issued its quarterly earnings data on Tuesday, April 27th. The aircraft producer reported ($1.53) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.17) by ($0.36). The firm had revenue of $15.22 billion for the quarter, compared to analysts’ expectations of $15.95 billion. During the same quarter in the prior year, the firm posted ($1.70) earnings per share. The firm’s revenue was down 10.0% on a year-over-year basis. As a group, equities research analysts anticipate that The Boeing Company will post -9.39 earnings per share for the current year.

Several equities analysts recently weighed in on the stock. Credit Suisse Group reaffirmed a “neutral” rating and issued a $230.00 price target (down previously from $233.00) on shares of The Boeing in a research report on Thursday, April 29th. Canaccord Genuity raised shares of The Boeing from a “hold” rating to a “buy” rating and raised their price target for the company from $200.00 to $275.00 in a research report on Thursday, March 11th. Morgan Stanley lifted their target price on shares of The Boeing from $250.00 to $274.00 and gave the stock an “overweight” rating in a research report on Monday, March 22nd. Susquehanna Bancshares lifted their target price on shares of The Boeing from $250.00 to $300.00 and gave the stock a “positive” rating in a research report on Friday, March 19th. Finally, JPMorgan Chase & Co. lifted their target price on shares of The Boeing from $230.00 to $260.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 14th. Five analysts have rated the stock with a sell rating, six have issued a hold rating and fifteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $240.22.

The Boeing Profile

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

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Institutional Ownership by Quarter for The Boeing (NYSE:BA)

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