Townsquare Capital LLC Boosts Position in The Boeing Company (NYSE:BA)

Townsquare Capital LLC grew its position in The Boeing Company (NYSE:BA - Free Report) by 23.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 103,663 shares of the aircraft producer's stock after acquiring an additional 19,936 shares during the period. Townsquare Capital LLC's holdings in Boeing were worth $18,348,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Sierra Ocean LLC acquired a new position in shares of Boeing in the fourth quarter valued at approximately $26,000. Sugar Maple Asset Management LLC bought a new stake in shares of Boeing in the fourth quarter worth $27,000. Fiduciary Advisors Inc. bought a new position in Boeing during the 4th quarter worth $28,000. HighMark Wealth Management LLC raised its position in shares of Boeing by 121.6% during the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer's stock worth $29,000 after acquiring an additional 90 shares during the last quarter. Finally, Anfield Capital Management LLC lifted its position 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 worth $32,000 after purchasing an additional 95 shares during the period. Institutional investors and hedge funds own 64.82% of the company's stock.

Boeing Stock Performance

Boeing stock traded up $2.41 during midday trading on Monday, reaching $159.25. 7,280,367 shares of the stock were exchanged, compared to its average volume of 9,019,320. The company's fifty day moving average is $168.68 and its 200-day moving average is $164.00. The firm has a market cap of $119.45 billion, a PE ratio of -8.69 and a beta of 1.24. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $196.95.

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Boeing (NYSE:BA - Get Free Report) last announced its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing analysts' consensus estimates of ($1.60) by ($4.30). During the same quarter last year, the firm earned ($0.47) EPS. On average, sell-side analysts anticipate 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 topic of a number of research analyst reports. Susquehanna upped their price target on shares of Boeing from $200.00 to $205.00 and gave the company a "positive" rating in a research report on Wednesday, January 29th. Barclays upgraded shares of Boeing from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $190.00 to $210.00 in a report on Monday, January 6th. JPMorgan Chase & Co. increased their price target on Boeing from $190.00 to $200.00 and gave the stock an "overweight" rating in a report on Wednesday, January 29th. Citigroup upped their target price on Boeing from $207.00 to $210.00 and gave the stock a "buy" rating in a research report on Monday, February 10th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Boeing from $184.00 to $215.00 and gave the stock a "buy" rating in a report on Thursday, January 2nd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Boeing currently has an average rating of "Moderate Buy" and a consensus target price of $196.10.

Insider Transactions at Boeing

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the company's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $180.69, for a total transaction of $570,799.71. Following the completion of the sale, the executive vice president now directly owns 19,213 shares in the company, valued at $3,471,596.97. This represents a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.09% of the company's stock.

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.