The Boeing Company (NYSE:BA) is KLCM Advisors Inc.'s 2nd Largest Position

Key Points

• KLCM Advisors Inc. increased its stake in Boeing by 2.7% during the first quarter, now holding 181,162 shares, valued at approximately $30.9 million.
• Wall Street analysts have a consensus rating of “Moderate Buy” on Boeing, with a target price averaging $228.90, while the stock currently trades around $233.32.
• Insider activity showed that EVP David Christopher Raymond sold 3,771 shares at an average price of $229.94, reducing his position by 9.51%.

KLCM Advisors Inc. boosted its holdings in shares of The Boeing Company (NYSE:BA - Free Report) by 2.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 181,162 shares of the aircraft producer's stock after buying an additional 4,766 shares during the period. Boeing makes up about 3.6% of KLCM Advisors Inc.'s holdings, making the stock its 2nd largest holding. KLCM Advisors Inc.'s holdings in Boeing were worth $30,897,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in BA. American National Bank & Trust boosted its stake in Boeing by 474.1% during the first quarter. American National Bank & Trust now owns 155 shares of the aircraft producer's stock valued at $26,000 after buying an additional 128 shares during the period. REAP Financial Group LLC boosted its stake in Boeing by 60.2% during the fourth quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer's stock valued at $31,000 after buying an additional 65 shares during the period. Dogwood Wealth Management LLC boosted its stake in Boeing by 167.2% during the fourth quarter. Dogwood Wealth Management LLC now owns 179 shares of the aircraft producer's stock valued at $32,000 after buying an additional 112 shares during the period. Heck Capital Advisors LLC bought a new stake in Boeing during the fourth quarter valued at $33,000. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its stake in Boeing by 122.1% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 191 shares of the aircraft producer's stock valued at $34,000 after buying an additional 105 shares during the period. Institutional investors own 64.82% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on BA shares. Susquehanna lifted their price target on Boeing from $265.00 to $270.00 and gave the stock a "positive" rating in a research note on Wednesday, July 30th. The Goldman Sachs Group set a $212.00 price target on Boeing and gave the stock a "buy" rating in a research note on Thursday, June 12th. Wells Fargo & Company reaffirmed an "underweight" rating on shares of Boeing in a research note on Thursday, May 22nd. UBS Group set a $280.00 price target on Boeing and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Finally, Morgan Stanley reaffirmed an "equal weight" rating on shares of Boeing in a research note on Monday, July 28th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating, seventeen have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, Boeing presently has a consensus rating of "Moderate Buy" and an average target price of $228.90.

Insider Activity at Boeing

In other news, EVP David Christopher Raymond sold 3,771 shares of the business's stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $229.94, for a total value of $867,103.74. Following the sale, the executive vice president directly owned 35,873 shares of the company's stock, valued at $8,248,637.62. The trade was a 9.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.09% of the stock is currently owned by corporate insiders.

Boeing Stock Performance

BA stock opened at $233.32 on Thursday. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $242.69. The business's 50 day moving average price is $218.48 and its two-hundred day moving average price is $191.69. The company has a market capitalization of $176.43 billion, a price-to-earnings ratio of -14.13 and a beta of 1.48.

Boeing (NYSE:BA - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) EPS for the quarter, missing analysts' consensus estimates of ($0.92) by ($0.32). The firm had revenue of $22.75 billion during the quarter, compared to analysts' expectations of $20.13 billion. During the same quarter in the prior year, the company posted ($2.90) earnings per share. The firm's quarterly revenue 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 year.

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.

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