Crews Bank & Trust Invests $55,000 in The Boeing Company (NYSE:BA)

Crews Bank & Trust purchased a new stake in The Boeing Company (NYSE:BA) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 312 shares of the aircraft producer’s stock, valued at approximately $55,000.

Several other hedge funds also recently made changes to their positions in BA. Capital Investment Advisory Services LLC grew its holdings in shares of Boeing by 6.6% during the 4th quarter. Capital Investment Advisory Services LLC now owns 3,971 shares of the aircraft producer’s stock worth $703,000 after purchasing an additional 245 shares in the last quarter. Westhampton Capital LLC grew its stake in Boeing by 12.3% during the fourth quarter. Westhampton Capital LLC now owns 7,074 shares of the aircraft producer’s stock worth $1,252,000 after buying an additional 775 shares in the last quarter. Highland Capital Management LLC increased its holdings in Boeing by 142.3% in the 4th quarter. Highland Capital Management LLC now owns 50,711 shares of the aircraft producer’s stock valued at $8,976,000 after buying an additional 29,778 shares during the period. Strategic Blueprint LLC raised its position in shares of Boeing by 37.1% in the 4th quarter. Strategic Blueprint LLC now owns 3,346 shares of the aircraft producer’s stock valued at $592,000 after buying an additional 905 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in shares of Boeing by 37.9% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 6,927 shares of the aircraft producer’s stock worth $1,226,000 after acquiring an additional 1,905 shares during the period. 64.82% of the stock is owned by institutional investors.

Boeing Price Performance

Shares of NYSE:BA opened at $176.26 on Friday. The business has a fifty day moving average price of $169.50 and a 200-day moving average price of $164.35. The company has a market capitalization of $108.96 billion, a PE ratio of -9.62 and a beta of 1.52. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $214.63.

Boeing (NYSE:BA) last released its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter last year, the company earned ($0.47) earnings per share. On average, sell-side analysts anticipate that The Boeing Company will post -1.61 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BA has been the topic of a number of research analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 target price on shares of Boeing in a report on Wednesday. Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $190.00 to $210.00 in a research report on Monday, January 6th. Susquehanna increased their target price on shares of Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a report on Wednesday. Morgan Stanley decreased their price target on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a report on Thursday, October 24th. Finally, Robert W. Baird dropped their price objective on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $195.00.

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.