Truvestments Capital LLC Takes Position in The Boeing Company (NYSE:BA)

Truvestments Capital LLC purchased a new stake in The Boeing Company (NYSE:BA) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 383 shares of the aircraft producer’s stock, valued at approximately $58,000.

A number of other institutional investors also recently modified their holdings of the company. Cedar Wealth Management LLC bought a new position in Boeing during the third quarter worth $30,000. Kiely Wealth Advisory Group Inc. bought a new position in Boeing during the second quarter worth $33,000. Hobbs Group Advisors LLC bought a new position in Boeing during the second quarter worth $34,000. Harel Insurance Investments & Financial Services Ltd. increased its position in Boeing by 351.1% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 212 shares of the aircraft producer’s stock worth $39,000 after acquiring an additional 165 shares during the period. Finally, 1620 Investment Advisors Inc. bought a new position in Boeing during the second quarter worth $39,000. Institutional investors own 64.82% of the company’s stock.

Analyst Ratings Changes

BA has been the topic of a number of research reports. UBS Group lowered their price target on shares of Boeing from $215.00 to $195.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Boeing from $225.00 to $195.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. TD Cowen lowered their price target on shares of Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a report on Monday, October 14th. The Goldman Sachs Group lowered their price target on shares of Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a report on Tuesday, September 24th. Finally, Susquehanna lowered their price target on shares of Boeing from $210.00 to $200.00 and set a “positive” rating on the stock in a report on Thursday, October 24th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $190.11.

Boeing Stock Up 1.1 %

Shares of NYSE:BA opened at $152.42 on Thursday. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $267.54. The company’s 50-day moving average price is $151.48 and its two-hundred day moving average price is $167.77. The firm has a market cap of $94.23 billion, a P/E ratio of -11.82 and a beta of 1.57.

Boeing (NYSE:BA) last issued its quarterly earnings data 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 business had revenue of $17.84 billion for the quarter, compared to analysts’ expectations of $17.81 billion. The firm’s revenue was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the company posted ($3.26) earnings per share. As a group, equities analysts predict that The Boeing Company will post -16.2 earnings per share 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.