Howard Capital Management Inc. Increases Stock Holdings in The Boeing Company (NYSE:BA)

Howard Capital Management Inc. boosted its stake in The Boeing Company (NYSE:BA) by 5.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,576 shares of the aircraft producer’s stock after acquiring an additional 180 shares during the quarter. Howard Capital Management Inc.’s holdings in Boeing were worth $633,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Hennion & Walsh Asset Management Inc. raised its position in shares of Boeing by 23.5% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 2,998 shares of the aircraft producer’s stock valued at $456,000 after purchasing an additional 570 shares in the last quarter. Mount Yale Investment Advisors LLC increased its stake in shares of Boeing by 5.3% in the third quarter. Mount Yale Investment Advisors LLC now owns 3,250 shares of the aircraft producer’s stock worth $494,000 after buying an additional 163 shares during the last quarter. GHP Investment Advisors Inc. raised its holdings in Boeing by 10.2% in the third quarter. GHP Investment Advisors Inc. now owns 1,347 shares of the aircraft producer’s stock valued at $205,000 after acquiring an additional 125 shares in the last quarter. Modera Wealth Management LLC raised its stake in Boeing by 12.6% during the third quarter. Modera Wealth Management LLC now owns 6,237 shares of the aircraft producer’s stock valued at $948,000 after buying an additional 700 shares in the last quarter. Finally, Frank Rimerman Advisors LLC lifted its holdings in Boeing by 4.6% during the 3rd quarter. Frank Rimerman Advisors LLC now owns 2,906 shares of the aircraft producer’s stock worth $442,000 after buying an additional 128 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Performance

NYSE:BA opened at $180.12 on Tuesday. The stock has a market cap of $135.10 billion, a price-to-earnings ratio of -9.83 and a beta of 1.52. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $208.10. The business has a fifty day moving average of $176.87 and a 200-day moving average of $164.47.

Boeing (NYSE:BA) last announced its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter in the previous year, the company posted ($0.47) EPS. On average, equities research analysts predict that The Boeing Company will post -2.58 EPS for the current year.

Insider Activity

In other news, EVP Uma M. Amuluru sold 3,159 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $180.69, for a total value of $570,799.71. Following the completion of the sale, the executive vice president now owns 19,213 shares in the company, valued at $3,471,596.97. This represents a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.16% of the company’s stock.

Wall Street Analysts Forecast Growth

BA has been the topic of several research reports. Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Citigroup increased their target price on shares of Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $190.00 to $210.00 in a research report on Monday, January 6th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 price objective on shares of Boeing in a research report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. raised their target price on shares of Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $195.16.

Boeing 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.