Radnor Capital Management LLC Purchases Shares of 5,171 The Boeing Company (NYSE:BA)

Radnor Capital Management LLC purchased a new position in shares of The Boeing Company (NYSE:BA - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,171 shares of the aircraft producer's stock, valued at approximately $882,000.

A number of other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in Boeing by 24.4% during the fourth quarter. Vanguard Group Inc. now owns 64,442,717 shares of the aircraft producer's stock worth $11,406,361,000 after buying an additional 12,641,715 shares during the period. Geode Capital Management LLC raised its stake in shares of Boeing by 29.5% in the 4th quarter. Geode Capital Management LLC now owns 15,171,869 shares of the aircraft producer's stock valued at $2,677,170,000 after acquiring an additional 3,452,075 shares during the period. Castlekeep Investment Advisors LLC acquired a new stake in Boeing in the 4th quarter valued at $568,000. Alyeska Investment Group L.P. acquired a new position in shares of Boeing during the fourth quarter worth about $526,889,000. Finally, Zimmer Partners LP acquired a new position in shares of Boeing during the fourth quarter worth about $393,736,000. Hedge funds and other institutional investors own 64.82% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on BA shares. TD Securities lowered Boeing to a "cautious" rating in a research note on Thursday, May 22nd. Wells Fargo & Company restated an "underweight" rating on shares of Boeing in a report on Thursday, May 22nd. Citigroup reiterated a "buy" rating on shares of Boeing in a research note on Thursday, May 22nd. Royal Bank of Canada boosted their target price on shares of Boeing from $200.00 to $230.00 and gave the stock an "outperform" rating in a research report on Monday. Finally, Bank of America raised shares of Boeing from a "neutral" rating to a "buy" rating and raised their price target for the company from $185.00 to $260.00 in a report on Monday, June 2nd. Three research analysts have rated the stock with a sell rating, three have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Boeing currently has a consensus rating of "Moderate Buy" and a consensus target price of $209.35.

Insider Buying and Selling at Boeing

In related news, EVP Jeffrey S. Shockey sold 3,205 shares of the company's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $202.87, for a total value of $650,198.35. Following the completion of the sale, the executive vice president now owns 20,513 shares of the company's stock, valued at $4,161,472.31. This represents a 13.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Brendan J. Nelson sold 640 shares of the firm's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $206.28, for a total transaction of $132,019.20. Following the transaction, the senior vice president now directly owns 13,258 shares in the company, valued at approximately $2,734,860.24. The trade was a 4.60% decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,744 shares of company stock valued at $1,511,370 in the last ninety days. Company insiders own 0.09% of the company's stock.

Boeing Price Performance

Shares of NYSE BA traded down $1.72 during mid-day trading on Tuesday, hitting $215.79. The company had a trading volume of 8,180,746 shares, compared to its average volume of 9,255,383. The stock has a market cap of $162.70 billion, a price-to-earnings ratio of -11.78 and a beta of 1.43. The firm's 50 day simple moving average is $184.87 and its two-hundred day simple moving average is $175.81. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $218.80.

Boeing (NYSE:BA - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.39) by $0.90. The firm had revenue of $19.50 billion for the quarter, compared to analyst estimates of $19.57 billion. The business's revenue was up 17.7% compared to the same quarter last year. During the same period last year, the firm posted ($1.13) EPS. Equities analysts forecast that The Boeing Company will post -2.58 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.