As Harris (HRS) Market Valuation Declined, Pioneer Investment Management Has Lifted Its Holding; Boeing Co. (BA) Holder Westwood Management Upped Position

January 14, 2018 - By Vivian Park

Westwood Management Corp increased its stake in Boeing Co. (BA) by 250% based on its latest 2017Q3 regulatory filing with the SEC. Westwood Management Corp bought 5,000 shares as the company’s stock rose 4.66% with the market. The institutional investor held 7,000 shares of the aerospace company at the end of 2017Q3, valued at $1.78M, up from 2,000 at the end of the previous reported quarter. Westwood Management Corp who had been investing in Boeing Co. for a number of months, seems to be bullish on the $200.24B market cap company. The stock increased 2.47% or $8.09 during the last trading session, reaching $336.21. About 6.56M shares traded or 96.62% up from the average. The Boeing Company (NYSE:BA) has risen 41.13% since January 14, 2017 and is uptrending. It has outperformed by 24.43% the S&P500.

Pioneer Investment Management Inc increased its stake in Harris Corporation (HRS) by 29.47% based on its latest 2017Q3 regulatory filing with the SEC. Pioneer Investment Management Inc bought 24,187 shares as the company’s stock declined 1.51% while stock markets rallied. The institutional investor held 106,256 shares of the industrial machinery and components company at the end of 2017Q3, valued at $13.99M, up from 82,069 at the end of the previous reported quarter. Pioneer Investment Management Inc who had been investing in Harris Corporation for a number of months, seems to be bullish on the $17.55B market cap company. The stock increased 1.31% or $1.91 during the last trading session, reaching $147.21. About 565,587 shares traded. Harris Corporation (NYSE:HRS) has risen 39.09% since January 14, 2017 and is uptrending. It has outperformed by 22.39% the S&P500.

Among 23 analysts covering Boeing (NYSE:BA), 15 have Buy rating, 1 Sell and 7 Hold. Therefore 65% are positive. Boeing had 88 analyst reports since August 26, 2015 according to SRatingsIntel. The stock has “Sector Perform” rating by RBC Capital Markets on Thursday, January 28. The rating was maintained by Argus Research on Thursday, April 28 with “Buy”. On Thursday, August 17 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. As per Friday, August 4, the company rating was maintained by UBS. RBC Capital Markets maintained The Boeing Company (NYSE:BA) on Friday, October 6 with “Hold” rating. The rating was initiated by Standpoint Research on Wednesday, August 26 with “Buy”. The stock of The Boeing Company (NYSE:BA) earned “Buy” rating by Jefferies on Monday, October 23. As per Monday, September 19, the company rating was maintained by Citigroup. The firm earned “Buy” rating on Thursday, July 27 by Robert W. Baird. The stock of The Boeing Company (NYSE:BA) has “Buy” rating given on Wednesday, March 29 by Berenberg.

Since July 31, 2017, it had 0 buys, and 5 selling transactions for $20.35 million activity. $616,499 worth of The Boeing Company (NYSE:BA) was sold by Verbeck Robert E. Another trade for 56,838 shares valued at $13.84M was made by Muilenburg Dennis A on Monday, July 31. Downey Thomas J sold $32,321 worth of stock. $1.02M worth of stock was sold by CAPOZZI HEIDI B on Monday, July 31.

Investors sentiment decreased to 0.81 in Q3 2017. Its down 0.05, from 0.86 in 2017Q2. It worsened, as 50 investors sold BA shares while 609 reduced holdings. 165 funds opened positions while 367 raised stakes. 411.79 million shares or 1.95% less from 419.99 million shares in 2017Q2 were reported. Bnp Paribas Arbitrage Sa invested in 1.19M shares. Baker Boyer Bankshares holds 3,987 shares. Convergence Investment Prns Ltd Llc has 52,476 shares. Howland Ltd Co holds 0.02% or 1,046 shares. Columbia Asset Mngmt reported 20,008 shares. Srb Corp invested in 0.02% or 744 shares. The Missouri-based Country Club Communication Na has invested 2.2% in The Boeing Company (NYSE:BA). Glenview Natl Bank Trust Dept invested 0.42% of its portfolio in The Boeing Company (NYSE:BA). Cleararc Capital invested in 0.98% or 25,758 shares. Roof Eidam & Maycock Adv stated it has 0.77% of its portfolio in The Boeing Company (NYSE:BA). 3,898 were accumulated by Exchange Cap Incorporated. Hudock Capital Group Inc Ltd Company invested in 8,950 shares. First National Bank & Trust Of Omaha reported 0.06% of its portfolio in The Boeing Company (NYSE:BA). New Jersey Better Educational Savings Trust reported 0.64% stake. Pub Employees Retirement Association Of Colorado holds 232,855 shares or 0.43% of its portfolio.

Since August 10, 2017, it had 0 insider buys, and 4 sales for $8.64 million activity. Another trade for 13,600 shares valued at $1.68M was sold by MIKUEN SCOTT T. 50,300 shares valued at $5.95 million were sold by FOX SHELDON J on Monday, August 21.

Among 9 analysts covering Harris (NYSE:HRS), 8 have Buy rating, 0 Sell and 1 Hold. Therefore 89% are positive. Harris had 32 analyst reports since August 10, 2015 according to SRatingsIntel. The rating was maintained by Jefferies with “Buy” on Friday, July 7. Cowen & Co upgraded the shares of HRS in report on Monday, November 7 to “Outperform” rating. JP Morgan upgraded the stock to “Overweight” rating in Monday, October 12 report. Credit Suisse maintained Harris Corporation (NYSE:HRS) on Wednesday, November 1 with “Buy” rating. Citigroup initiated the stock with “Buy” rating in Friday, June 10 report. Goldman Sachs upgraded the shares of HRS in report on Tuesday, September 8 to “Buy” rating. Citigroup maintained Harris Corporation (NYSE:HRS) rating on Wednesday, September 7. Citigroup has “Buy” rating and $112 target. The stock of Harris Corporation (NYSE:HRS) earned “Market Perform” rating by Cowen & Co on Tuesday, March 15. Cowen & Co maintained Harris Corporation (NYSE:HRS) rating on Thursday, July 6. Cowen & Co has “Buy” rating and $12500 target. The firm has “Equal-Weight” rating by Barclays Capital given on Monday, August 10.

Pioneer Investment Management Inc, which manages about $65.36B and $31.40B US Long portfolio, decreased its stake in Radian Group Inc (NYSE:RDN) by 72,698 shares to 2.26 million shares, valued at $42.32M in 2017Q3, according to the filing. It also reduced its holding in Regal Entertainment Group (NYSE:RGC) by 565,672 shares in the quarter, leaving it with 82,211 shares, and cut its stake in Nike Inc (NYSE:NKE).

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