Eubel Brady & Suttman Asset Management Inc. Buys 100 Shares of The Boeing Company (NYSE:BA)

Eubel Brady & Suttman Asset Management Inc. raised its stake in The Boeing Company (NYSE:BAGet Rating) by 5.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,830 shares of the aircraft producer’s stock after acquiring an additional 100 shares during the period. Eubel Brady & Suttman Asset Management Inc.’s holdings in Boeing were worth $350,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Bowling Portfolio Management LLC grew its position in Boeing by 4.1% in the first quarter. Bowling Portfolio Management LLC now owns 3,787 shares of the aircraft producer’s stock valued at $725,000 after acquiring an additional 148 shares during the period. Shell Asset Management Co. boosted its stake in Boeing by 0.9% in the first quarter. Shell Asset Management Co. now owns 25,335 shares of the aircraft producer’s stock worth $4,852,000 after purchasing an additional 214 shares in the last quarter. New York State Common Retirement Fund boosted its stake in Boeing by 0.4% in the first quarter. New York State Common Retirement Fund now owns 985,948 shares of the aircraft producer’s stock worth $188,809,000 after purchasing an additional 3,800 shares in the last quarter. Creative Financial Designs Inc. ADV boosted its stake in Boeing by 14.0% in the first quarter. Creative Financial Designs Inc. ADV now owns 2,587 shares of the aircraft producer’s stock worth $495,000 after purchasing an additional 317 shares in the last quarter. Finally, Ensign Peak Advisors Inc boosted its stake in Boeing by 4.3% in the first quarter. Ensign Peak Advisors Inc now owns 1,386,744 shares of the aircraft producer’s stock worth $265,562,000 after purchasing an additional 56,824 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors.

Boeing Price Performance

Shares of Boeing stock opened at $147.31 on Wednesday. The Boeing Company has a 1 year low of $113.02 and a 1 year high of $233.94. The business has a 50-day moving average of $158.16 and a two-hundred day moving average of $158.01. The company has a market capitalization of $87.47 billion, a P/E ratio of -16.46 and a beta of 1.35.

Boeing (NYSE:BAGet Rating) last posted its quarterly earnings data on Wednesday, July 27th. The aircraft producer reported ($0.37) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.23). The company had revenue of $16.68 billion during the quarter, compared to analyst estimates of $17.53 billion. The business’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.40 EPS. On average, equities analysts anticipate that The Boeing Company will post -1.9 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have commented on BA. Wells Fargo & Company reduced their price objective on Boeing from $214.00 to $210.00 and set an “overweight” rating on the stock in a research note on Thursday, July 28th. StockNews.com raised Boeing from a “sell” rating to a “hold” rating in a research note on Friday, July 29th. Morgan Stanley upped their price target on Boeing from $215.00 to $233.00 and gave the company an “overweight” rating in a research note on Thursday, September 8th. Susquehanna cut their price target on Boeing from $193.00 to $192.00 in a research note on Friday, May 20th. Finally, Benchmark cut their price target on Boeing from $250.00 to $200.00 and set a “buy” rating on the stock in a research note on Friday, July 15th. Four analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $220.06.

Boeing Company Profile

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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.

Further Reading

Institutional Ownership by Quarter for Boeing (NYSE:BA)

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