Boeing Gains Momentum as Investors Increase Stakes

Larry Langley's wealth management firm, Langley Wealth Management LLC, has taken a new position in Boeing (BA) stocks. In its most recent Form 13F filing with the Securities and Exchange Commission, it was revealed that Langley purchased 5,646 shares of Boeing stock during the second quarter, valued at approximately $109,000.

The move by Langley's firm is not an isolated incident. Other large investors have also increased their stakes in Boeing. Vanguard Group Inc. boosted its stake in Boeing shares by 5.1% in the fourth quarter and now owns 70,989,438 shares valued at $15,413,227,000. Alyeska Investment Group L.P. increased its stake in Boeing by 245.7% during the same period.

The positive sentiment around Boeing is not limited to just these investors. The Pentagon has signed framework agreements with Boeing and RTX for the production of components for SM-3 Block IIA and Block IB interceptor missiles. These seven-year arrangements could provide greater visibility for Boeing's defense business and support incremental revenue, driving the stock higher.