On December 31, 2024, Newport Trust Company, LLC (Trades, Portfolio) executed a notable transaction involving Boeing Co (BA, Financial). The firm added 93,433 shares of Boeing Co to its portfolio, marking a 0.31% change in its holdings of the stock. This strategic move reflects Newport Trust Company, LLC (Trades, Portfolio)'s continued confidence in Boeing Co, despite the current market valuation challenges. The transaction was executed at a price of $177 per share, resulting in a total impact of 0.04% on the firm's portfolio. Post-transaction, Newport Trust Company, LLC (Trades, Portfolio) holds a total of 30,700,732 shares of Boeing Co, representing 13.17% of its portfolio and 4.10% of the firm's total holdings.
Profile of Newport Trust Company, LLC (Trades, Portfolio)
Newport Trust Company, LLC (Trades, Portfolio) is a prominent investment firm based in Washington, DC, with a strong focus on value investing. The firm manages a diverse portfolio, with top holdings in Boeing Co, General Dynamics Corp, Honeywell International Inc, AT&T Inc, and Parsons Corp. Newport Trust Company, LLC (Trades, Portfolio)'s investment philosophy emphasizes long-term growth and value, particularly in the industrials and technology sectors. The firm's strategic focus is evident in its substantial equity of $41.25 billion, with a significant portion allocated to its top sector holdings. This approach underscores the firm's commitment to identifying and investing in companies with robust growth potential.
Overview of Boeing Co
Boeing Co is a major aerospace and defense firm based in the USA, with operations spanning commercial airplanes, defense, space, and security, and global services. The company competes with industry giants like Airbus in the commercial segment and with defense contractors such as Lockheed and Northrop in the defense sector. Boeing Co has a market capitalization of $138.61 billion and is considered modestly overvalued with a GF Value of $163.94. The company's current stock price is $184.8, with a price-to-GF value ratio of 1.13, indicating a modest overvaluation. Boeing Co's [GF Score](https://www.gurufocus.com/term/gf-score/BA) is 71/100, suggesting likely average performance, and it holds a [Financial Strength](https://www.gurufocus.com/term/rank-balancesheet/BA) rank of 4/10.
Financial Performance and Valuation of Boeing Co
Boeing Co's financial performance presents a mixed picture. The company has a [Profitability Rank](https://www.gurufocus.com/term/rank-profitability/BA) of 3/10 and a [Growth Rank](https://www.gurufocus.com/term/rank-growth/BA) of 7/10. Its [Operating Margin](https://www.gurufocus.com/term/operating-margin/BA) growth stands at 4.10%, while the revenue growth over the past three years has been negative at -1.00%. The company's [Altman Z score](https://www.gurufocus.com/term/zscore/BA) is 1.11, indicating potential financial distress. Despite these challenges, Boeing Co's [Momentum Rank](https://www.gurufocus.com/term/rank-momentum/BA) is 5/10, reflecting some positive market sentiment. The [Piotroski F-Score](https://www.gurufocus.com/term/fscore/BA) is 1, suggesting weak financial health.
Comparative Analysis with Other Gurus
Among investment firms, Fisher Asset Management, LLC holds the largest share percentage of Boeing Co. Other notable investors in Boeing Co include T Rowe Price Equity Income Fund (Trades, Portfolio), HOTCHKIS & WILEY, and Mario Gabelli (Trades, Portfolio). These firms' involvement underscores the continued interest and confidence in Boeing Co's long-term potential, despite its current valuation challenges. The collective investment by these prominent firms highlights Boeing Co's strategic importance within the aerospace and defense industry.
Conclusion
Newport Trust Company, LLC (Trades, Portfolio)'s decision to increase its stake in Boeing Co reflects confidence in the company's long-term potential. This transaction aligns with the firm's investment philosophy and strategic focus on the industrials and technology sectors. Despite Boeing Co's current valuation challenges and mixed financial performance, Newport Trust Company, LLC (Trades, Portfolio)'s investment underscores a belief in the company's ability to navigate industry dynamics and deliver value over time. This strategic move is indicative of the firm's commitment to identifying and capitalizing on growth opportunities within its portfolio.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
