5 Best Aerospace and Defense Stocks to Buy

3. The Boeing Company (NYSE:BA)

Number of Hedge Fund Holders: 52

Founded in 1916, The Boeing Company (NYSE:BA) is one of the world’s largest aerospace companies and a leading provider of commercial airplanes, defense, space and security systems, and global services. As of May 31, the company had a backlog of 5,351 unfulfilled airplane orders with narrow-body commercial aircraft, 737, accounting for more than 4,200 of these orders.

The Boeing Company (NYSE:BA) has announced multiple large contracts recently including the Air India order of up to 290 Single-aisle and widebody jets, as well as secured commitments from Riyadh Air and Saudi Arabian Airlines for up to 121 787 airplanes.

As of Q1 2023, The Boeing Company (NYSE:BA) shares were held by 52 hedge funds with a total value of $2.2 billion. Ken Fisher’s Fisher Asset Management was its largest hedge fund shareholder with ownership of 4.4 million shares valued at $926 million.