Northside Capital Management LLC Makes New Investment in The Boeing Company $BA

Key Points

• Northside Capital Management LLC acquired 1,726 shares of The Boeing Company, valued at approximately $362,000, during the second quarter, marking its first investment in the aircraft producer.
• Boeing reported a net loss of ($1.24) earnings per share in its latest quarterly results, falling short of analysts' estimates but achieving a 34.9% increase in revenue year-over-year.
• Several analysts have a positive outlook on Boeing, with target prices ranging up to $280.00, reflecting a consensus of “Moderate Buy” and an average target price of $230.77.

Northside Capital Management LLC acquired a new position in shares of The Boeing Company (NYSE:BA - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,726 shares of the aircraft producer's stock, valued at approximately $362,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. American National Bank & Trust boosted its holdings in shares of Boeing by 474.1% in the first quarter. American National Bank & Trust now owns 155 shares of the aircraft producer's stock valued at $26,000 after acquiring an additional 128 shares in the last quarter. Piscataqua Savings Bank boosted its holdings in shares of Boeing by 1,712.5% in the second quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer's stock valued at $30,000 after acquiring an additional 137 shares in the last quarter. REAP Financial Group LLC boosted its holdings in shares of Boeing by 60.2% in the fourth quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer's stock valued at $31,000 after acquiring an additional 65 shares in the last quarter. Dogwood Wealth Management LLC boosted its holdings in shares of Boeing by 167.2% in the fourth quarter. Dogwood Wealth Management LLC now owns 179 shares of the aircraft producer's stock valued at $32,000 after acquiring an additional 112 shares in the last quarter. Finally, Heck Capital Advisors LLC purchased a new stake in shares of Boeing in the fourth quarter valued at about $33,000. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Trading Up 2.0%

Shares of BA opened at $216.30 on Wednesday. The stock has a market cap of $163.56 billion, a P/E ratio of -13.10 and a beta of 1.48. The company has a 50-day moving average of $227.33 and a two-hundred day moving average of $201.83. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $242.69.

Boeing (NYSE:BA - Get Free Report) last announced its earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.92) by ($0.32). The business had revenue of $22.75 billion for the quarter, compared to the consensus estimate of $20.13 billion. The company's revenue was up 34.9% compared to the same quarter last year. During the same period in the prior year, the firm posted ($2.90) EPS. As a group, analysts forecast that The Boeing Company will post -2.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on BA shares. Susquehanna reaffirmed a "positive" rating and issued a $270.00 target price on shares of Boeing in a report on Monday, September 15th. Royal Bank Of Canada reissued an "outperform" rating and set a $250.00 price objective on shares of Boeing in a report on Wednesday, July 30th. Redburn Atlantic raised shares of Boeing from a "hold" rating to a "strong-buy" rating and boosted their price objective for the stock from $180.00 to $275.00 in a report on Friday, June 27th. Morgan Stanley reissued an "equal weight" rating on shares of Boeing in a report on Monday, July 28th. Finally, UBS Group set a $280.00 price objective on shares of Boeing and gave the stock a "buy" rating in a report on Wednesday, July 30th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, Boeing has an average rating of "Moderate Buy" and an average price target of $230.77.

Insider Buying and Selling

In other news, Director Mortimer J. Buckley acquired 2,200 shares of the business's stock in a transaction dated Tuesday, August 19th. The stock was acquired at an average price of $226.10 per share, with a total value of $497,420.00. Following the completion of the transaction, the director directly owned 2,200 shares in the company, valued at approximately $497,420. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP David Christopher Raymond sold 3,771 shares of the business's stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $229.94, for a total transaction of $867,103.74. Following the completion of the transaction, the executive vice president directly owned 35,873 shares of the company's stock, valued at approximately $8,248,637.62. This represents a 9.51% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.09% of the company's stock.

Boeing 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.

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