Fox Run Management L.L.C. Invests $426,000 in The Boeing Company $BA

by · The Cerbat Gem

Fox Run Management L.L.C. bought a new stake in The Boeing Company (NYSE:BA – Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,035 shares of the aircraft producer’s stock, valued at approximately $426,000.

A number of other large investors have also recently bought and sold shares of BA. Harbor Asset Planning Inc. acquired a new position in Boeing in the second quarter valued at $25,000. Piscataqua Savings Bank grew its holdings in shares of Boeing by 1,712.5% during the second quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer’s stock worth $30,000 after buying an additional 137 shares during the last quarter. Monetary Management Group Inc. increased its position in Boeing by 33.3% in the 1st quarter. Monetary Management Group Inc. now owns 200 shares of the aircraft producer’s stock valued at $34,000 after acquiring an additional 50 shares during the period. IMG Wealth Management Inc. raised its stake in Boeing by 159.4% during the 2nd quarter. IMG Wealth Management Inc. now owns 179 shares of the aircraft producer’s stock valued at $38,000 after acquiring an additional 110 shares during the last quarter. Finally, Legacy Investment Solutions LLC acquired a new stake in Boeing during the 2nd quarter worth approximately $39,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Insider Activity

In related news, EVP Uma M. Amuluru sold 1,366 shares of the business’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $197.66, for a total value of $270,003.56. Following the sale, the executive vice president directly owned 14,656 shares in the company, valued at $2,896,904.96. The trade was a 8.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mortimer J. Buckley bought 2,200 shares of the company’s stock in a transaction on Tuesday, August 19th. The shares were acquired at an average price of $226.10 per share, with a total value of $497,420.00. Following the completion of the acquisition, the director directly owned 2,200 shares in the company, valued at $497,420. This represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.09% of the stock is owned by insiders.

Boeing Price Performance

Shares of NYSE:BA opened at $195.63 on Thursday. The firm has a market capitalization of $148.70 billion, a price-to-earnings ratio of -14.30 and a beta of 1.44. The business’s 50 day simple moving average is $214.27 and its 200-day simple moving average is $214.50. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $242.69.

Boeing (NYSE:BA – Get Free Report) last released its quarterly earnings data on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share for the quarter, missing the consensus estimate of ($0.51) by ($6.96). The company had revenue of $23.27 billion during the quarter, compared to analysts’ expectations of $21.61 billion. Boeing’s quarterly revenue was up 30.4% compared to the same quarter last year. During the same period in the prior year, the firm earned ($10.44) earnings per share. On average, equities analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on BA shares. Barclays upped their price target on Boeing from $210.00 to $255.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. Sanford C. Bernstein upped their price objective on shares of Boeing from $249.00 to $282.00 and gave the stock an “outperform” rating in a research report on Thursday, October 2nd. Bank of America raised their target price on shares of Boeing from $260.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. KGI Securities upgraded shares of Boeing from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 24th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Boeing from a “buy” rating to a “hold” rating and set a $240.00 price target for the company. in a report on Thursday, October 30th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $241.05.

View Our Latest Stock Report on BA

Boeing Company Profile

(Free Report)

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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