5 Most Profitable Industrial Stocks Now

In this article, we will look at the 5 most profitable industrial stocks now. If you want to explore similar stocks, you can also take a look at 13 Most Profitable Industrial Stocks Now.

5. The Boeing Company (NYSE:BA)

Number of Hedge Fund Holders: 53

The Boeing Company (NYSE:BA) is a multinational aerospace corporation that designs, manufactures, and sells commercial airplanes, military aircraft, satellites, and space vehicles. Founded in Seattle, Washington in 1916, Boeing has grown to become one of the largest aerospace companies in the world.

At the beginning of February, The Boeing Company (NYSE:BA) was awarded a $1.62 indefinite-quantity contract for guidance subsystem support, which provides for the Minuteman III Intercontinental Ballistic Missile guidance subsystem support. The project will be performed at Hill AFB, Utah, and is expected to be completed by February 1, 2039.

Earlier this January, Jefferies analyst Sheila Kahyaoglu raised the price target on The Boeing Company (NYSE:BA) to $250 from $240 and maintained a Buy rating on the shares. Although the analyst, believes that commercial profitability “remains elusive,” she states that 2023 could bring a positive inflection for this measure and for free cash flow based on strong demand. She forecasts Boeing’s deliveries to rise to 561 and 713 in 2023 and 2024, respectively, which support increasing free cash flow.

According to Insider Monkey’s data, 53 hedge funds were bullish on The Boeing Company (NYSE:BA) at the end of Q4 2022, compared to 42 funds in the prior quarter. Ken Griffin’s Citadel Investment Group is a prominent stakeholder of the company, with 5.35 million shares worth over $1 billion.

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.”