Flputnam Investment Management Co. Increases Holdings in GE Aerospace $GE

Flputnam Investment Management Co. lifted its position in shares of GE Aerospace (NYSE:GEFree Report) by 22.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,568 shares of the company’s stock after acquiring an additional 2,314 shares during the quarter. Flputnam Investment Management Co.’s holdings in GE Aerospace were worth $3,871,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. REAP Financial Group LLC purchased a new stake in shares of GE Aerospace during the 3rd quarter worth approximately $25,000. Tucker Asset Management LLC purchased a new stake in shares of GE Aerospace during the 4th quarter worth approximately $32,000. Abich Financial Wealth Management LLC purchased a new stake in shares of GE Aerospace during the 3rd quarter worth approximately $32,000. Redmont Wealth Advisors LLC purchased a new stake in shares of GE Aerospace during the 3rd quarter worth approximately $36,000. Finally, Strengthening Families & Communities LLC purchased a new stake in shares of GE Aerospace during the 3rd quarter worth approximately $38,000. Hedge funds and other institutional investors own 74.77% of the company’s stock.

GE Aerospace Price Performance

GE stock opened at $317.73 on Thursday. GE Aerospace has a 1 year low of $232.24 and a 1 year high of $348.48. 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 stock’s 50 day moving average price is $294.84 and its 200 day moving average price is $305.47. The firm has a market cap of $331.50 billion, a P/E ratio of 39.13, a PEG ratio of 2.92 and a beta of 1.36.

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

Analyst Ratings Changes

Several equities research analysts have recently commented on GE shares. TD Cowen decreased their price target on GE Aerospace from $350.00 to $330.00 and set a “buy” rating on the stock in a research note on Wednesday, April 8th. Zacks Research lowered GE Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Royal Bank Of Canada reissued an “outperform” rating and set a $355.00 price target on shares of GE Aerospace in a research note on Wednesday, May 20th. Jefferies Financial Group reissued a “buy” rating on shares of GE Aerospace in a research note on Wednesday. Finally, UBS Group decreased their price target on GE Aerospace from $357.00 to $350.00 and set a “buy” rating on the stock in a research note on Wednesday, April 22nd. One 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. Based on data from MarketBeat.com, GE Aerospace presently has a consensus rating of “Moderate Buy” and an average target price of $348.22.

View Our Latest Report on GE Aerospace

GE Aerospace Company Profile

(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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