Hanlon Investment Management Inc. Invests $205,000 in The Boeing Company (NYSE:BA)


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Hanlon Investment Management Inc. bought a new position in shares of The Boeing Company (NYSE:BA) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 956 shares of the aircraft producer’s stock, valued at approximately $205,000.

Several other hedge funds have also recently added to or reduced their stakes in BA. Newport Trust Co increased its holdings in The Boeing by 41.0% in the fourth quarter. Newport Trust Co now owns 49,550,937 shares of the aircraft producer’s stock valued at $10,606,874,000 after purchasing an additional 14,409,687 shares during the last quarter. FMR LLC increased its holdings in The Boeing by 75.9% in the fourth quarter. FMR LLC now owns 6,095,082 shares of the aircraft producer’s stock valued at $1,304,713,000 after purchasing an additional 2,629,054 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in The Boeing by 49,169.6% in the third quarter. Arrowstreet Capital Limited Partnership now owns 2,617,693 shares of the aircraft producer’s stock valued at $432,600,000 after purchasing an additional 2,612,380 shares during the last quarter. Boston Partners bought a new stake in The Boeing in the fourth quarter valued at about $397,386,000. Finally, BlackRock Inc. increased its holdings in The Boeing by 3.3% in the fourth quarter. BlackRock Inc. now owns 31,244,004 shares of the aircraft producer’s stock valued at $6,688,091,000 after purchasing an additional 1,000,081 shares during the last quarter. Institutional investors own 51.41% of the company’s stock.

Shares of NYSE BA opened at $214.01 on Tuesday. The stock has a 50 day moving average price of $207.53 and a 200 day moving average price of $189.66. The Boeing Company has a 52 week low of $89.00 and a 52 week high of $321.74. The stock has a market capitalization of $124.77 billion, a PE ratio of -26.98, a price-to-earnings-growth ratio of 101.91 and a beta of 1.65.

The Boeing (NYSE:BA) last issued its quarterly earnings results on Tuesday, January 26th. The aircraft producer reported ($15.25) EPS for the quarter, missing the consensus estimate of ($1.78) by ($13.47). The company had revenue of $15.30 billion during the quarter, compared to analysts’ expectations of $15.36 billion. During the same period in the previous year, the business earned ($2.33) earnings per share. The business’s revenue was down 14.6% on a year-over-year basis. As a group, sell-side analysts forecast that The Boeing Company will post -9.39 earnings per share for the current fiscal year.

A number of equities research analysts recently commented on BA shares. UBS Group reiterated a “buy” rating and issued a $285.00 price objective on shares of The Boeing in a report on Thursday, January 28th. Nord/LB cut The Boeing from a “hold” rating to a “sell” rating in a research note on Thursday, January 28th. DZ Bank reissued a “buy” rating on shares of The Boeing in a research note on Friday, December 11th. Smith Barney Citigroup boosted their target price on The Boeing from $175.00 to $200.00 in a research note on Wednesday, November 18th. Finally, Robert W. Baird raised The Boeing from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $165.00 to $306.00 in a research note on Wednesday, November 18th. Six analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $216.84.

In other The Boeing news, EVP Timothy John Keating sold 21,737 shares of the company’s stock in a transaction that occurred on Tuesday, February 2nd. The stock was sold at an average price of $202.15, for a total value of $4,394,134.55. Following the sale, the executive vice president now owns 101,817 shares in the company, valued at $20,582,306.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Theodore Colbert III sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 2nd. The shares were sold at an average price of $200.80, for a total value of $1,004,000.00. Following the completion of the sale, the chief executive officer now owns 49,846 shares in the company, valued at approximately $10,009,076.80. The disclosure for this sale can be found here. Corporate insiders own 0.16% of the company’s stock.

The Boeing Company Profile

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

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Institutional Ownership by Quarter for The Boeing (NYSE:BA)

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