Lynch & Associates IN Has $8.11 Million Stock Holdings in Boeing Co (NYSE:BA)

Lynch & Associates IN boosted its position in Boeing Co (NYSE:BA) by 1.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,308 shares of the aircraft producer’s stock after buying an additional 407 shares during the quarter. Boeing makes up about 2.5% of Lynch & Associates IN’s investment portfolio, making the stock its 10th biggest holding. Lynch & Associates IN’s holdings in Boeing were worth $8,107,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in BA. NuWave Investment Management LLC grew its holdings in shares of Boeing by 554.5% during the second quarter. NuWave Investment Management LLC now owns 72 shares of the aircraft producer’s stock valued at $26,000 after purchasing an additional 61 shares during the last quarter. Nordea Investment Management AB boosted its position in shares of Boeing by 128.1% during the first quarter. Nordea Investment Management AB now owns 73 shares of the aircraft producer’s stock worth $28,000 after buying an additional 41 shares during the period. Guidant Wealth Advisors acquired a new position in shares of Boeing during the second quarter worth approximately $28,000. Transamerica Financial Advisors Inc. acquired a new position in shares of Boeing during the second quarter worth approximately $40,000. Finally, Next Capital Management LLC acquired a new position in shares of Boeing during the second quarter worth approximately $42,000. 67.86% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have recently issued reports on BA. Credit Suisse Group reiterated a “buy” rating and set a $425.00 price objective on shares of Boeing in a research report on Thursday, July 25th. Bank of America set a $420.00 price objective on Boeing and gave the stock a “hold” rating in a research report on Thursday, June 27th. Wolfe Research downgraded Boeing from an “outperform” rating to a “peer perform” rating and reduced their price objective for the stock from $404.00 to $393.00 in a research report on Thursday, July 25th. Barclays set a $367.00 price objective on Boeing and gave the stock a “hold” rating in a research report on Tuesday, September 10th. Finally, Buckingham Research set a $395.00 price objective on Boeing and gave the stock a “hold” rating in a research report on Friday, September 27th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $403.33.

BA traded up $3.07 during trading on Thursday, reaching $370.43. The stock had a trading volume of 149,998 shares, compared to its average volume of 3,969,002. The firm has a market capitalization of $214.09 billion, a price-to-earnings ratio of 23.14, a price-to-earnings-growth ratio of 11.26 and a beta of 1.25. The company has a quick ratio of 0.29, a current ratio of 1.03 and a debt-to-equity ratio of 48.98. Boeing Co has a 1-year low of $292.47 and a 1-year high of $446.01. The stock has a 50 day moving average of $363.57 and a two-hundred day moving average of $362.48.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, July 24th. The aircraft producer reported $2.92 EPS for the quarter, beating analysts’ consensus estimates of $1.85 by $1.07. Boeing had a negative return on equity of 632.24% and a net margin of 5.42%. The company had revenue of $15.75 billion during the quarter, compared to the consensus estimate of $15.05 billion. During the same quarter in the prior year, the firm earned $3.33 EPS. The company’s quarterly revenue was down 35.1% compared to the same quarter last year. On average, research analysts forecast that Boeing Co will post 4.09 EPS for the current fiscal year.

About Boeing

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 in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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