Flputnam Investment Management Co. lifted its position in shares of GE Aerospace (NYSE:GE – Free 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.
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
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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