IFP Advisors Inc Purchases 1,721 Shares of GE Aerospace $GE

IFP Advisors Inc lifted its position in shares of GE Aerospace (NYSE:GEFree Report) by 11.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,189 shares of the company’s stock after buying an additional 1,721 shares during the quarter. IFP Advisors Inc’s holdings in GE Aerospace were worth $4,987,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. REAP Financial Group LLC bought a new stake in GE Aerospace during the third quarter valued at about $25,000. Tucker Asset Management LLC bought a new stake in GE Aerospace during the fourth quarter valued at about $32,000. Abich Financial Wealth Management LLC bought a new stake in GE Aerospace during the third quarter valued at about $32,000. Redmont Wealth Advisors LLC bought a new stake in GE Aerospace during the third quarter valued at about $36,000. Finally, Strengthening Families & Communities LLC bought a new stake in GE Aerospace during the third quarter valued at about $38,000. Institutional investors own 74.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $355.00 price objective on shares of GE Aerospace in a research report on Wednesday. The Goldman Sachs Group raised their price objective on GE Aerospace from $338.00 to $350.00 and gave the company a “buy” rating in a research report on Friday, January 23rd. President Capital dropped their price objective on GE Aerospace from $355.00 to $342.00 and set a “buy” rating on the stock in a research report on Wednesday, April 22nd. TD Cowen dropped their price objective on GE Aerospace from $350.00 to $330.00 and set a “buy” rating on the stock in a research report on Wednesday, April 8th. Finally, Jefferies Financial Group set a $365.00 price target on GE Aerospace in a report on Sunday, April 26th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, GE Aerospace currently has an average rating of “Moderate Buy” and a consensus price target of $348.22.

View Our Latest Stock Report on GE Aerospace

GE Aerospace Price Performance

Shares of NYSE GE opened at $300.11 on Thursday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.70 and a current ratio of 1.01. The company has a market cap of $313.11 billion, a PE ratio of 36.96, a P/E/G ratio of 2.65 and a beta of 1.36. The business has a 50-day simple moving average of $295.31 and a two-hundred day simple moving average of $305.42. GE Aerospace has a fifty-two week low of $228.01 and a fifty-two week high of $348.48.

GE Aerospace (NYSE:GEGet Free Report) last issued its quarterly earnings results on Tuesday, April 21st. The company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.60 by $0.26. The business had revenue of $11.61 billion during the quarter, compared to the consensus estimate of $11.61 billion. GE Aerospace had a return on equity of 37.99% and a net margin of 17.86%.The company’s quarterly revenue was up 24.6% on a year-over-year basis. During the same quarter last year, the company earned $1.49 earnings per share. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. As a group, equities analysts expect that GE Aerospace will post 7.46 EPS for the current fiscal year.

Key Stories Impacting GE Aerospace

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About GE Aerospace

(Free Report)

GE Aerospace (NYSE: GE) is the aerospace business of General Electric, focused on the design, manufacture and support of aircraft engines, integrated propulsion systems and related aftermarket services. The company serves commercial airlines, airframers, business and general aviation operators, and defense customers, providing propulsion solutions for a broad range of aircraft types from single‑aisle airliners to widebody and military platforms.

Its product portfolio includes a family of commercial and military jet engines as well as spare parts, components and systems engineering.

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Institutional Ownership by Quarter for GE Aerospace (NYSE:GE)

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