Seelaus Asset Management LLC Purchases New Holdings in The Boeing Company (NYSE:BA)

Key Points

• Seelaus Asset Management LLC invested $255,000 in The Boeing Company, acquiring 1,494 shares in the 1st quarter.
• Boeing reported a net loss of ($1.24) per share for its last quarter, missing analyst expectations, although it had a significant revenue increase of 34.9% year-over-year.
• Market analysts have mixed ratings on Boeing, with a consensus of "Moderate Buy" and an average target price of $228.90, reflecting varied perspectives on the company's future performance.

Seelaus Asset Management LLC purchased a new stake in The Boeing Company (NYSE:BA - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,494 shares of the aircraft producer's stock, valued at approximately $255,000.

Several other institutional investors have also added to or reduced their stakes in the company. American National Bank & Trust raised its holdings in Boeing by 474.1% in the 1st 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. REAP Financial Group LLC lifted its position in shares of Boeing by 60.2% during the 4th quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer's stock worth $31,000 after buying an additional 65 shares during the last quarter. Dogwood Wealth Management LLC lifted its position in shares of Boeing by 167.2% during 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 bought a new stake in shares of Boeing during the 4th quarter worth $33,000. Finally, Kayne Anderson Rudnick Investment Management LLC increased its holdings in Boeing by 122.1% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 191 shares of the aircraft producer's stock worth $34,000 after purchasing an additional 105 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, EVP Jeffrey S. Shockey sold 3,205 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $202.87, for a total value of $650,198.35. Following the transaction, the executive vice president owned 20,513 shares in the company, valued at $4,161,472.31. This trade represents a 13.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Brendan J. Nelson sold 640 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $206.28, for a total value of $132,019.20. Following the completion of the transaction, the senior vice president owned 13,258 shares in the company, valued at $2,734,860.24. This represents a 4.60% decrease in their position. The disclosure for this sale can be found here. 0.09% of the stock is owned by company insiders.

Boeing Stock Up 0.6%

NYSE:BA traded up $1.35 on Tuesday, hitting $223.69. The stock had a trading volume of 780,623 shares, compared to its average volume of 8,555,723. The business's fifty day moving average is $215.62 and its 200 day moving average is $189.33. The company has a market cap of $169.15 billion, a PE ratio of -13.55 and a beta of 1.48. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $242.69.

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

Wall Street Analysts Forecast Growth

BA has been the subject of a number of recent research reports. Rothschild & Co Redburn raised Boeing from a "neutral" rating to a "buy" rating and set a $275.00 target price for the company in a report on Friday, June 27th. Wells Fargo & Company reissued an "underweight" rating on shares of Boeing in a research note on Thursday, May 22nd. Bank of America increased their price target on Boeing from $260.00 to $270.00 and gave the company a "buy" rating in a research note on Friday. The Goldman Sachs Group set a $212.00 target price on Boeing and gave the company a "buy" rating in a research report on Thursday, June 12th. Finally, JPMorgan Chase & Co. upped their target price on Boeing from $230.00 to $251.00 and gave the company an "overweight" rating in a research report on Wednesday, July 30th. Three analysts have rated the stock with a sell rating, three have given a hold rating, seventeen have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $228.90.

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.