HTLF Bank Buys Shares of 2,832 The Boeing Company (NYSE:BA)

HTLF Bank bought a new stake in The Boeing Company (NYSE:BA) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,832 shares of the aircraft producer’s stock, valued at approximately $738,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Strategic Blueprint LLC lifted its holdings in Boeing by 8.7% in the fourth quarter. Strategic Blueprint LLC now owns 3,295 shares of the aircraft producer’s stock valued at $859,000 after acquiring an additional 264 shares during the period. Rothschild Investment LLC IL increased its position in shares of Boeing by 21.1% in the third quarter. Rothschild Investment LLC IL now owns 75,101 shares of the aircraft producer’s stock valued at $14,395,000 after buying an additional 13,079 shares in the last quarter. Meridian Wealth Management LLC increased its position in shares of Boeing by 86.8% in the third quarter. Meridian Wealth Management LLC now owns 24,776 shares of the aircraft producer’s stock valued at $4,749,000 after buying an additional 11,510 shares in the last quarter. Morse Asset Management Inc increased its position in shares of Boeing by 65.0% in the third quarter. Morse Asset Management Inc now owns 7,999 shares of the aircraft producer’s stock valued at $1,533,000 after buying an additional 3,152 shares in the last quarter. Finally, Peregrine Asset Advisers Inc. increased its position in shares of Boeing by 1,335.3% in the third quarter. Peregrine Asset Advisers Inc. now owns 36,443 shares of the aircraft producer’s stock valued at $6,985,000 after buying an additional 33,904 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on BA. Wells Fargo & Company dropped their price target on Boeing from $225.00 to $215.00 and set an “equal weight” rating for the company in a research report on Thursday, February 1st. Benchmark restated a “buy” rating and issued a $250.00 price target on shares of Boeing in a research report on Tuesday, March 26th. Melius reiterated a “hold” rating on shares of Boeing in a research report on Monday, April 1st. JPMorgan Chase & Co. dropped their price objective on Boeing from $230.00 to $210.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. Finally, Susquehanna dropped their price objective on Boeing from $265.00 to $230.00 and set a “positive” rating for the company in a research report on Thursday, March 21st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $229.35.

Boeing Stock Down 0.2 %

NYSE BA opened at $169.84 on Friday. The Boeing Company has a 1-year low of $167.53 and a 1-year high of $267.54. The business’s 50-day simple moving average is $190.29 and its 200-day simple moving average is $207.16.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) EPS for the quarter, topping the consensus estimate of ($0.72) by $0.25. The company had revenue of $22.02 billion for the quarter, compared to analyst estimates of $21.14 billion. The business’s revenue was up 10.2% on a year-over-year basis. During the same period last year, the firm posted ($1.75) earnings per share. On average, equities research analysts predict that The Boeing Company will post 0.32 EPS for the current year.

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.