Integrity Alliance LLC. grew its stake in GE Aerospace (NYSE:GE – Free Report) by 125.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,198 shares of the company’s stock after buying an additional 5,115 shares during the quarter. Integrity Alliance LLC.’s holdings in GE Aerospace were worth $2,833,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Integrity Financial Corp WA bought a new position in shares of GE Aerospace in the third quarter worth about $481,000. Prime Capital Investment Advisors LLC boosted its stake in GE Aerospace by 23.6% during the third quarter. Prime Capital Investment Advisors LLC now owns 51,105 shares of the company’s stock valued at $15,373,000 after buying an additional 9,750 shares during the last quarter. HORAN Wealth LLC boosted its stake in GE Aerospace by 667.0% during the third quarter. HORAN Wealth LLC now owns 10,194 shares of the company’s stock valued at $3,066,000 after buying an additional 8,865 shares during the last quarter. Prospera Financial Services Inc boosted its stake in GE Aerospace by 18.1% during the third quarter. Prospera Financial Services Inc now owns 47,706 shares of the company’s stock valued at $14,354,000 after buying an additional 7,315 shares during the last quarter. Finally, Allworth Financial LP boosted its stake in GE Aerospace by 7.6% during the fourth quarter. Allworth Financial LP now owns 76,867 shares of the company’s stock valued at $23,677,000 after buying an additional 5,434 shares during the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.
GE Aerospace Trading Up 1.0%
Shares of NYSE GE opened at $317.73 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 business’s 50 day moving average price is $294.84 and its 200-day moving average price is $305.47. GE Aerospace has a fifty-two week low of $232.24 and a fifty-two week high of $348.48. The company has a market cap of $331.50 billion, a price-to-earnings ratio of 39.13, a PEG ratio of 2.92 and a beta of 1.36.
Analysts Set New Price Targets
GE has been the subject of a number of research reports. Sanford C. Bernstein increased their price target on GE Aerospace from $374.00 to $405.00 and gave the company an “outperform” rating in a research note on Tuesday, March 3rd. President Capital dropped their price target on GE Aerospace from $355.00 to $342.00 and set a “buy” rating for the company in a research note on Wednesday, April 22nd. Seaport Research Partners initiated coverage on GE Aerospace in a research note on Tuesday. They set a “buy” rating and a $375.00 price target for the company. TD Cowen dropped their price target on GE Aerospace from $350.00 to $330.00 and set a “buy” rating for the company in a research note on Wednesday, April 8th. Finally, BNP Paribas Exane dropped their price target on GE Aerospace from $300.00 to $270.00 and set an “underperform” rating for the company in a research note on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, GE Aerospace presently has a consensus rating of “Moderate Buy” and a consensus price target of $348.22.
View Our Latest Research Report on GE
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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