The Boeing Company (NYSE:BA) is KLCM Advisors Inc.’s 2nd Largest Position

KLCM Advisors Inc. increased its holdings in shares of The Boeing Company (NYSE:BA) by 1.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 176,396 shares of the aircraft producer’s stock after buying an additional 2,319 shares during the quarter. Boeing accounts for about 3.6% of KLCM Advisors Inc.’s portfolio, making the stock its 2nd largest position. KLCM Advisors Inc.’s holdings in Boeing were worth $31,222,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. State Street Corp grew its holdings in shares of Boeing by 2.3% during the third quarter. State Street Corp now owns 27,778,195 shares of the aircraft producer’s stock valued at $4,223,397,000 after buying an additional 636,594 shares during the last quarter. Geode Capital Management LLC lifted its position in Boeing by 2.8% during the 3rd quarter. Geode Capital Management LLC now owns 11,719,794 shares of the aircraft producer’s stock worth $1,774,705,000 after acquiring an additional 320,415 shares during the period. Jennison Associates LLC grew its stake in Boeing by 9.9% during the 3rd quarter. Jennison Associates LLC now owns 6,700,706 shares of the aircraft producer’s stock valued at $1,018,775,000 after purchasing an additional 602,143 shares during the last quarter. Fisher Asset Management LLC raised its stake in shares of Boeing by 6.0% in the third quarter. Fisher Asset Management LLC now owns 4,866,857 shares of the aircraft producer’s stock worth $739,957,000 after purchasing an additional 277,350 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Boeing by 1.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,196,648 shares of the aircraft producer’s stock worth $486,018,000 after purchasing an additional 48,637 shares during the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Trading Down 0.5 %

NYSE:BA opened at $184.52 on Monday. The firm has a market cap of $138.40 billion, a P/E ratio of -10.07 and a beta of 1.52. The stock has a 50 day moving average of $174.96 and a two-hundred day moving average of $164.09. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $208.10.

Boeing (NYSE:BA) last announced its earnings results 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 period in the prior year, the business earned ($0.47) EPS. On average, research analysts forecast that The Boeing Company will post -2.3 earnings per share for the current year.

Analyst Upgrades and Downgrades

BA has been the subject of a number of recent research reports. Northcoast Research raised shares of Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Wells Fargo & Company raised their target price on shares of Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a report on Wednesday, January 29th. Barclays raised Boeing from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $190.00 to $210.00 in a research report on Monday, January 6th. Deutsche Bank Aktiengesellschaft boosted their price objective on Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, January 2nd. Finally, Robert W. Baird dropped their target price on Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $195.16.

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.