McAdam LLC Has $437,000 Stock Holdings in The Boeing Company (NYSE:BA)

McAdam LLC boosted its position in The Boeing Company (NYSE:BA) by 31.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,466 shares of the aircraft producer’s stock after purchasing an additional 583 shares during the period. McAdam LLC’s holdings in Boeing were worth $437,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sugar Maple Asset Management LLC bought a new position in shares of Boeing in the fourth quarter valued at about $27,000. Fiduciary Advisors Inc. acquired a new position in Boeing in the 4th quarter valued at about $28,000. RPg Family Wealth Advisory LLC bought a new position in Boeing in the 3rd quarter valued at about $28,000. Heck Capital Advisors LLC bought a new stake in shares of Boeing during the fourth quarter worth approximately $33,000. Finally, Cedar Wealth Management LLC acquired a new position in shares of Boeing in the third quarter valued at approximately $30,000. Institutional investors own 64.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Robert W. Baird dropped their price target on Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Susquehanna boosted their target price on shares of Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a research report on Wednesday, January 29th. Benchmark reaffirmed a “buy” rating and set a $250.00 price target on shares of Boeing in a research report on Thursday, October 24th. TD Cowen cut their price objective on shares of Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a report on Monday, October 14th. Finally, Sanford C. Bernstein cut shares of Boeing from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $195.00 to $169.00 in a report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $195.00.

Boeing Price Performance

BA stock opened at $176.26 on Monday. The stock has a market cap of $108.96 billion, a price-to-earnings ratio of -9.62 and a beta of 1.52. The company has a 50 day simple moving average of $169.50 and a 200 day simple moving average of $164.20. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $214.63.

Boeing (NYSE:BA) last announced its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter in the prior year, the company posted ($0.47) earnings per share. On average, equities research analysts anticipate that The Boeing Company will post -1.61 EPS for the current fiscal year.

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.