5 Best Manufacturing Stocks To Buy Now

4. The Boeing Company (NYSE:BA)

Number of Hedge Fund Holders: 52

The Boeing Company (NYSE:BA) designs, manufactures, and services commercial jetliners, military aircraft, satellites, missile defense, and human space flight and launch systems worldwide. The Boeing Company (NYSE:BA) released its demand for commercial aircraft and services for the next 20 years on June 19, noting that 42,595 new commercial planes will be demanded by 2042 due to rising passenger traffic and airlines replacing their fleets with latest, fuel-efficient planes. The Boeing Company (NYSE:BA) is one of the best manufacturing stocks to invest in. 

According to Insider Monkey’s first quarter database, 52 hedge funds were bullish on The Boeing Company (NYSE:BA), compared to 53 funds in the prior quarter. John Overdeck and David Siegel’s Two Sigma Advisors is a prominent stakeholder of the company, with 1.7 million shares worth $368.7 million. 

Jackson Square Partners made the following comment 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.”