The Boeing Company (NYSE:BA) Shares Bought by Eubel Brady & Suttman Asset Management Inc.

Eubel Brady & Suttman Asset Management Inc. grew its holdings in shares of The Boeing Company (NYSE:BA) by 14.0% in the second quarter, according to its most recent filing with the SEC. The firm owned 2,406 shares of the aircraft producer’s stock after acquiring an additional 295 shares during the quarter. Eubel Brady & Suttman Asset Management Inc.’s holdings in Boeing were worth $438,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in BA. Brio Consultants LLC acquired a new stake in shares of Boeing in the fourth quarter valued at $207,000. Gryphon Financial Partners LLC acquired a new stake in shares of Boeing in the fourth quarter valued at $258,000. Dana Investment Advisors Inc. acquired a new stake in shares of Boeing in the fourth quarter valued at $395,000. Dimensional Fund Advisors LP lifted its holdings in shares of Boeing by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,171,983 shares of the aircraft producer’s stock valued at $305,489,000 after buying an additional 16,279 shares during the period. Finally, AlphaStar Capital Management LLC acquired a new stake in shares of Boeing in the fourth quarter valued at $235,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on BA. Bank of America upped their price objective on Boeing from $180.00 to $200.00 and gave the company a “neutral” rating in a report on Thursday, June 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $225.00 target price on shares of Boeing in a research report on Tuesday, June 25th. Wells Fargo & Company reaffirmed an “underweight” rating and set a $119.00 target price (down from $185.00) on shares of Boeing in a research report on Tuesday, September 3rd. Stifel Nicolaus boosted their target price on Boeing from $230.00 to $235.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, UBS Group cut their target price on Boeing from $250.00 to $240.00 and set a “buy” rating on the stock in a research report on Friday, June 7th. Three analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Boeing presently has a consensus rating of “Moderate Buy” and an average price target of $211.29.

Boeing Price Performance

Shares of BA stock opened at $162.20 on Tuesday. The Boeing Company has a fifty-two week low of $156.70 and a fifty-two week high of $267.54. The stock’s 50-day moving average is $176.06 and its two-hundred day moving average is $180.23. The firm has a market cap of $99.94 billion, a P/E ratio of -45.89 and a beta of 1.58.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The business had revenue of $16.87 billion during the quarter, compared to the consensus estimate of $17.35 billion. Boeing’s revenue was down 14.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.82) earnings per share. As a group, research analysts expect that The Boeing Company will post -4.26 EPS for the current year.

Boeing Company Profile

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.