NCP Inc. Grows Stock Position in The Boeing Company (NYSE:BA)

by · The Cerbat Gem

NCP Inc. boosted its position in shares of The Boeing Company (NYSE:BA – Free Report) by 37.8% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 13,279 shares of the aircraft producer’s stock after acquiring an additional 3,645 shares during the quarter. Boeing comprises about 1.2% of NCP Inc.’s portfolio, making the stock its 13th largest position. NCP Inc.’s holdings in Boeing were worth $2,019,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Cadence Bank boosted its stake in shares of Boeing by 5.6% in the third quarter. Cadence Bank now owns 3,043 shares of the aircraft producer’s stock worth $463,000 after buying an additional 162 shares during the last quarter. Quantbot Technologies LP acquired a new position in Boeing in the third quarter valued at approximately $1,295,000. Summit Financial Wealth Advisors LLC increased its holdings in shares of Boeing by 13.4% during the 3rd quarter. Summit Financial Wealth Advisors LLC now owns 2,538 shares of the aircraft producer’s stock valued at $386,000 after purchasing an additional 300 shares in the last quarter. Qsemble Capital Management LP lifted its stake in shares of Boeing by 33.5% in the 3rd quarter. Qsemble Capital Management LP now owns 7,645 shares of the aircraft producer’s stock valued at $1,162,000 after purchasing an additional 1,917 shares during the period. Finally, Truvestments Capital LLC purchased a new stake in Boeing during the third quarter worth $58,000. 64.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on BA shares. The Goldman Sachs Group decreased their price objective on shares of Boeing from $232.00 to $202.00 and set a “buy” rating for the company in a research report on Tuesday, September 24th. Sanford C. Bernstein cut Boeing from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $195.00 to $169.00 in a report on Wednesday, October 30th. Morgan Stanley dropped their price target on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research note on Thursday, October 24th. DZ Bank cut shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective for the company. in a research report on Tuesday, October 15th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 price objective on shares of Boeing in a report on Wednesday, October 30th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Boeing currently has an average rating of “Hold” and an average price target of $190.11.

Get Our Latest Stock Report on BA

Boeing Price Performance

Shares of Boeing stock opened at $150.72 on Wednesday. The business has a 50 day moving average price of $151.53 and a 200 day moving average price of $167.88. The company has a market capitalization of $93.18 billion, a P/E ratio of -11.68 and a beta of 1.57. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $267.54.

Boeing (NYSE:BA – Get Free Report) last announced its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The company had revenue of $17.84 billion for the quarter, compared to analysts’ expectations of $17.81 billion. The company’s revenue was down 1.5% compared to the same quarter last year. During the same period last year, the firm earned ($3.26) earnings per share. As a group, research analysts expect that The Boeing Company will post -16.2 EPS for the current fiscal year.

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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