Winslow Asset Management Inc. Has $5.73 Million Holdings in The Boeing Company (NYSE:BA)

Winslow Asset Management Inc. raised its holdings in The Boeing Company (NYSE:BA) by 3.6% in the third quarter, Holdings Channel reports. The fund owned 37,665 shares of the aircraft producer’s stock after acquiring an additional 1,320 shares during the period. Winslow Asset Management Inc.’s holdings in Boeing were worth $5,727,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Empowered Funds LLC boosted its stake in Boeing by 44.6% in the 1st quarter. Empowered Funds LLC now owns 11,940 shares of the aircraft producer’s stock worth $2,304,000 after purchasing an additional 3,680 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Boeing by 1.1% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 125,906 shares of the aircraft producer’s stock worth $24,299,000 after buying an additional 1,373 shares during the period. Bleakley Financial Group LLC grew its holdings in shares of Boeing by 10.9% during the first quarter. Bleakley Financial Group LLC now owns 15,536 shares of the aircraft producer’s stock worth $2,998,000 after buying an additional 1,527 shares in the last quarter. Entropy Technologies LP grew its holdings in shares of Boeing by 329.3% during the first quarter. Entropy Technologies LP now owns 22,352 shares of the aircraft producer’s stock worth $4,314,000 after buying an additional 17,145 shares in the last quarter. Finally, Pettyjohn Wood & White Inc. raised its position in Boeing by 2.9% in the 1st quarter. Pettyjohn Wood & White Inc. now owns 18,427 shares of the aircraft producer’s stock valued at $3,556,000 after buying an additional 516 shares during the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Price Performance

NYSE:BA opened at $148.96 on Tuesday. The company has a market cap of $92.09 billion, a P/E ratio of -11.55 and a beta of 1.57. The firm’s fifty day moving average price is $154.81 and its two-hundred day moving average price is $170.26. The Boeing Company has a one year low of $144.13 and a one year high of $267.54.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The company had revenue of $17.84 billion for the quarter, compared to analyst estimates of $17.81 billion. The business’s revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($3.26) EPS. As a group, equities research analysts expect that The Boeing Company will post -16.09 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on BA. UBS Group decreased their price target on shares of Boeing from $215.00 to $195.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. JPMorgan Chase & Co. decreased their target price on shares of Boeing from $235.00 to $195.00 and set an “overweight” rating for the company in a research report on Monday, October 14th. Robert W. Baird cut their price target on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Sanford C. Bernstein cut Boeing from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $195.00 to $169.00 in a report on Wednesday, October 30th. Finally, Citigroup dropped their target price on Boeing from $224.00 to $209.00 and set a “buy” rating on the stock in a report on Tuesday, October 15th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $190.37.

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.