5 Best Defense Stocks To Buy Now

2. The Boeing Company (NYSE:BA)

Number of Hedge Fund Holders: 53

53 hedge funds disclosed having stakes in The Boeing Company (NYSE:BA) at the end of Q4 2022. The total value of these stakes amounted to $1.66 billion, up from $691.7 million in the previous quarter with 42 positions. The hedge fund sentiment for The Boeing Company (NYSE:BA) is positive and the stock is one of the best defense stocks to buy now.

As of March 21, shares of The Boeing Company (NYSE:BA) have soared 47.57% over the past 6 months. Wall Street likes the stock. This March, Susquehanna analyst Charles Minervino reiterated a Positive rating and his $245 price target on The Boeing Company (NYSE:BA).

As of December 31, Adage Capital Management is the largest shareholder in The Boeing Company (NYSE:BA) and has a stake worth $250 million.

Here is what Jackson Square Partners had to say about The Boeing Company (NYSE:BA) in its Q3 2022 investor letter:

“For The Boeing Company (NYSE:BA)–in short, we believe the worst of Boeing’s idiosyncratic issues are behind it, the airframe duopoly remains as protected as ever, and at current prices (where we’ve been adding), the stock is trading around ~6x FCF on 2025E. Current airframe production is running materially below expected travel demand over the next 5-10 years, creating a structural supply/demand imbalance that we believe will drive a decade of strong growth in civil aerospace from here. In our 2Q’22 correspondence, we described the attributes of our ideal growth ballast and said we hoped to convert another in the coming months – we believe Boeing checks all those boxes.”