The Boeing Company (NYSE:BA) Stock Position Trimmed by Steigerwald Gordon & Koch Inc.

Steigerwald Gordon & Koch Inc. lessened its stake in The Boeing Company (NYSE:BA - Free Report) by 9.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,602 shares of the aircraft producer's stock after selling 3,249 shares during the quarter. Steigerwald Gordon & Koch Inc.'s holdings in Boeing were worth $5,560,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Sierra Ocean LLC purchased a new position in shares of Boeing in the 4th quarter valued at $26,000. American National Bank & Trust raised its stake in shares of 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 during the period. HighMark Wealth Management LLC raised its stake in shares of Boeing by 121.6% in the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer's stock valued at $29,000 after acquiring an additional 90 shares during the period. REAP Financial Group LLC raised its stake in shares of Boeing by 60.2% in the 4th 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 during the period. Finally, Anfield Capital Management LLC raised its stake in shares of Boeing by 113.1% in the 4th quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer's stock valued at $32,000 after acquiring an additional 95 shares during the period. Institutional investors and hedge funds own 64.82% of the company's stock.

Insiders Place Their Bets

In other news, EVP David Christopher Raymond sold 3,899 shares of Boeing stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $187.01, for a total value of $729,151.99. Following the completion of the transaction, the executive vice president now directly owns 42,513 shares of the company's stock, valued at approximately $7,950,356.13. The trade was a 8.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Jeffrey S. Shockey sold 3,205 shares of Boeing stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $202.87, for a total transaction of $650,198.35. Following the completion of the transaction, the executive vice president now directly owns 20,513 shares of the company's stock, valued at $4,161,472.31. This trade represents a 13.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,744 shares of company stock valued at $1,511,370 in the last ninety days. Corporate insiders own 0.09% of the company's stock.

Boeing Trading Down 1.3%

BA stock traded down $2.79 during mid-day trading on Thursday, hitting $209.19. 4,730,251 shares of the company were exchanged, compared to its average volume of 9,215,438. The company has a market capitalization of $157.73 billion, a PE ratio of -11.42 and a beta of 1.41. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $215.80. The firm has a fifty day simple moving average of $180.96 and a 200 day simple moving average of $173.74.

Boeing (NYSE:BA - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share for the quarter, topping the consensus estimate of ($1.39) by $0.90. The company had revenue of $19.50 billion for the quarter, compared to analyst estimates of $19.57 billion. Boeing's revenue was up 17.7% on a year-over-year basis. During the same period in the prior year, the business earned ($1.13) earnings per share. As a group, sell-side analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on BA shares. UBS Group raised their target price on shares of Boeing from $207.00 to $226.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Susquehanna reissued a "positive" rating and issued a $240.00 target price (up previously from $205.00) on shares of Boeing in a research note on Wednesday, May 14th. 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. Royal Bank of Canada reaffirmed an "outperform" rating and set a $200.00 price target on shares of Boeing in a report on Wednesday, April 23rd. 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. Three research analysts have rated the stock with a sell rating, three have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $207.85.

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.