Lewis Asset Management LLC Has $602,000 Position in The Boeing Company (NYSE:BA)

Lewis Asset Management LLC trimmed its holdings in shares of The Boeing Company (NYSE:BA) by 36.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 3,403 shares of the aircraft producer’s stock after selling 1,915 shares during the period. Lewis Asset Management LLC’s holdings in Boeing were worth $602,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Quarry LP raised its position in Boeing by 68.3% during the second quarter. Quarry LP now owns 611 shares of the aircraft producer’s stock worth $111,000 after acquiring an additional 248 shares in the last quarter. Regal Investment Advisors LLC raised its holdings in shares of Boeing by 10.2% in the 2nd quarter. Regal Investment Advisors LLC now owns 3,440 shares of the aircraft producer’s stock valued at $626,000 after purchasing an additional 317 shares during the period. Granite Bay Wealth Management LLC acquired a new stake in Boeing in the 2nd quarter valued at about $561,000. Clearbridge Investments LLC grew its holdings in Boeing by 6,763.5% during the second quarter. Clearbridge Investments LLC now owns 287,237 shares of the aircraft producer’s stock worth $52,280,000 after purchasing an additional 283,052 shares during the period. Finally, Strategic Investment Solutions Inc. IL acquired a new position in Boeing during the second quarter worth approximately $82,000. Institutional investors own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

BA has been the topic of a number of research analyst reports. UBS Group increased their price target on Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a research note on Wednesday. TD Cowen reduced their target price 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. Deutsche Bank Aktiengesellschaft increased their price target on shares of Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, January 2nd. DZ Bank cut Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective for the company. in a report on Tuesday, October 15th. Finally, Northcoast Research raised shares of Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $195.00.

Boeing Price Performance

Shares of BA stock opened at $174.03 on Thursday. The business’s 50-day moving average price is $167.68 and its 200-day moving average price is $164.19. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $214.63.

Boeing (NYSE:BA) last posted its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period last year, the business posted ($0.47) EPS. Analysts predict that The Boeing Company will post -16.39 earnings per share for the current year.

About Boeing

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.