Radnor Capital Management LLC Grows Position in The Boeing Company $BA

Key Points

• Radnor Capital Management LLC increased its holdings in Boeing by 57.5% during the second quarter, bringing its total shares to 8,144, valued at approximately $1.7 million.
• Several other institutional investors also raised their stakes in Boeing, with a combined ownership by institutional investors and hedge funds now at 64.82% of the company's stock.
• Research firms have recently upgraded Boeing's stock rating, with price targets set between $250 and $280, reflecting a generally optimistic outlook from analysts.

Radnor Capital Management LLC raised its position in The Boeing Company (NYSE:BA - Free Report) by 57.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,144 shares of the aircraft producer's stock after buying an additional 2,973 shares during the quarter. Radnor Capital Management LLC's holdings in Boeing were worth $1,706,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in BA. American National Bank & Trust lifted 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 purchasing an additional 128 shares in the last quarter. REAP Financial Group LLC increased its holdings in Boeing by 60.2% during the 4th quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer's stock valued at $31,000 after purchasing an additional 65 shares during the period. Dogwood Wealth Management LLC grew its stake in shares of Boeing by 167.2% in the 4th quarter. Dogwood Wealth Management LLC now owns 179 shares of the aircraft producer's stock worth $32,000 after buying an additional 112 shares during the last quarter. Heck Capital Advisors LLC purchased a new stake in Boeing during the 4th quarter valued at $33,000. Finally, Proathlete Wealth Management LLC purchased a new stake in shares of Boeing during the 1st quarter valued at about $34,000. Institutional investors and hedge funds own 64.82% of the company's stock.

Boeing Stock Up 0.0%

NYSE BA traded up $0.01 on Friday, reaching $215.67. The stock had a trading volume of 10,493,801 shares, compared to its average volume of 6,221,877. The firm has a market capitalization of $163.08 billion, a price-to-earnings ratio of -13.06 and a beta of 1.48. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $242.69. The stock has a fifty day moving average price of $227.97 and a two-hundred day moving average price of $201.03.

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

Analyst Ratings Changes

BA has been the subject of several analyst reports. UBS Group set a $280.00 price objective on shares of Boeing and gave the stock a "buy" rating in a research note on Wednesday, July 30th. JPMorgan Chase & Co. increased their price objective on shares of Boeing from $230.00 to $251.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 30th. Rothschild & Co Redburn upgraded shares of Boeing from a "neutral" rating to a "buy" rating and set a $275.00 price objective on the stock in a research note on Friday, June 27th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Boeing in a report on Monday, July 14th. Finally, Jefferies Financial Group raised their price target on shares of Boeing from $230.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Boeing presently has an average rating of "Moderate Buy" and a consensus target price of $230.77.

Insider Buying and Selling

In related news, Director Mortimer J. Buckley bought 2,200 shares of the business's stock in a transaction on Tuesday, August 19th. The stock was bought at an average price of $226.10 per share, for a total transaction of $497,420.00. Following the transaction, the director directly owned 2,200 shares in the company, valued at $497,420. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP David Christopher Raymond sold 3,771 shares of the business's stock in a transaction dated 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 owned 35,873 shares in the company, valued at approximately $8,248,637.62. This trade represents a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.09% of the company's stock.

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.