Ausdal Financial Partners Inc. Purchases 2,829 Shares of The Boeing Company $BA

Ausdal Financial Partners Inc. increased its position in shares of The Boeing Company (NYSE:BAFree Report) by 28.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,897 shares of the aircraft producer’s stock after buying an additional 2,829 shares during the period. Ausdal Financial Partners Inc.’s holdings in Boeing were worth $2,784,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Reyes Financial Architecture Inc. bought a new position in Boeing in the 3rd quarter worth $32,000. Davis Capital Management bought a new stake in Boeing during the third quarter valued at about $33,000. Howard Hughes Medical Institute bought a new stake in Boeing during the second quarter valued at about $34,000. Centerpoint Advisors LLC grew its position in shares of Boeing by 62.4% in the third quarter. Centerpoint Advisors LLC now owns 164 shares of the aircraft producer’s stock valued at $35,000 after purchasing an additional 63 shares during the last quarter. Finally, AlphaQuest LLC acquired a new stake in shares of Boeing in the third quarter valued at about $45,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Stock Up 2.5%

NYSE BA opened at $209.97 on Monday. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $254.35. The stock has a market cap of $164.90 billion, a PE ratio of 104.46 and a beta of 1.14. The firm has a 50-day simple moving average of $235.19 and a 200 day simple moving average of $219.17. The company has a debt-to-equity ratio of 8.37, a quick ratio of 0.40 and a current ratio of 1.19.

Boeing (NYSE:BAGet Free Report) last issued its quarterly earnings results on Tuesday, January 27th. The aircraft producer reported $9.92 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.40) by $10.32. The firm had revenue of $23.95 billion for the quarter, compared to the consensus estimate of $22.41 billion. The company’s revenue was up 57.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($5.90) earnings per share. On average, research analysts forecast that The Boeing Company will post -2.58 EPS for the current year.

Key Boeing News

Here are the key news stories impacting Boeing this week:

Insider Transactions at Boeing

In related news, EVP Howard E. Mckenzie sold 10,497 shares of the firm’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $233.99, for a total value of $2,456,193.03. Following the completion of the transaction, the executive vice president directly owned 14,692 shares of the company’s stock, valued at $3,437,781.08. This trade represents a 41.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mortimer J. Buckley purchased 2,230 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The shares were acquired at an average price of $224.20 per share, for a total transaction of $499,966.00. Following the purchase, the director directly owned 4,430 shares of the company’s stock, valued at approximately $993,206. This represents a 101.36% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold a total of 21,012 shares of company stock worth $4,980,687 over the last quarter. 0.10% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. New Street Research set a $257.00 price objective on Boeing in a research report on Tuesday, December 9th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Boeing in a report on Wednesday, March 4th. Citigroup reaffirmed a “buy” rating on shares of Boeing in a research report on Thursday, February 5th. Tigress Financial reiterated a “buy” rating and set a $275.00 price target on shares of Boeing in a report on Monday, December 29th. Finally, Wolfe Research reissued an “outperform” rating on shares of Boeing in a research report on Tuesday, January 27th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $246.14.

View Our Latest Stock Analysis on BA

Boeing Company Profile

(Free Report)

Boeing Company (NYSE: BA) is an American multinational corporation that designs, manufactures and services commercial airplanes, defense systems, and space and security technologies. Founded in 1916 by William E. Boeing in Seattle, the company today operates as an integrated aerospace and defense contractor with a global customer base. Boeing relocated its corporate headquarters to Arlington, Virginia in 2022 and maintains extensive engineering, manufacturing and service operations across the United States and around the world.

Boeing’s principal lines of business include Commercial Airplanes, which produces and supports a range of jetliners used by airlines globally; Defense, Space & Security, which develops military aircraft, rotorcraft, surveillance and reconnaissance systems, satellites, and launch and missile systems; and Boeing Global Services, which provides aftermarket maintenance, training, spare parts, digital analytics and logistics support.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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