Westpac Banking Corp lessened its stake in shares of GE Aerospace (NYSE:GE – Free Report) by 35.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,764 shares of the company’s stock after selling 9,354 shares during the period. Westpac Banking Corp’s holdings in GE Aerospace were worth $5,164,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of GE. Norges Bank acquired a new position in shares of GE Aerospace in the 4th quarter valued at about $4,444,736,000. Capital World Investors increased its holdings in shares of GE Aerospace by 16.2% in the 3rd quarter. Capital World Investors now owns 21,442,810 shares of the company’s stock valued at $6,449,731,000 after purchasing an additional 2,995,054 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in shares of GE Aerospace by 1,200.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,847,011 shares of the company’s stock valued at $568,935,000 after purchasing an additional 1,705,005 shares during the period. CIBC Bancorp USA Inc. acquired a new position in shares of GE Aerospace in the 3rd quarter valued at about $285,263,000. Finally, Vanguard Group Inc. increased its holdings in shares of GE Aerospace by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 92,731,541 shares of the company’s stock valued at $28,564,097,000 after purchasing an additional 699,364 shares during the period. Institutional investors and hedge funds own 74.77% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts recently commented on the company. Royal Bank Of Canada reissued an “outperform” rating and issued a $355.00 price target on shares of GE Aerospace in a research note on Wednesday, May 20th. President Capital lowered 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 assumed coverage on GE Aerospace in a research note on Tuesday, May 26th. They issued a “buy” rating and a $375.00 price target for the company. Daiwa Securities Group assumed coverage on GE Aerospace in a research note on Tuesday, March 31st. They issued a “neutral” rating and a $301.00 price target for the company. Finally, Citigroup lowered their price target on GE Aerospace from $380.00 to $353.00 and set a “buy” rating for the company in a research note on Wednesday, April 1st. One investment 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 stock. According to MarketBeat.com, GE Aerospace presently has a consensus rating of “Moderate Buy” and a consensus target price of $348.22.
GE Aerospace Trading Down 2.0%
Shares of NYSE GE opened at $318.09 on Wednesday. The stock has a market cap of $331.88 billion, a price-to-earnings ratio of 39.17, a PEG ratio of 3.01 and a beta of 1.37. The business has a 50 day simple moving average of $296.32 and a 200 day simple moving average of $305.74. GE Aerospace has a 52 week low of $232.24 and a 52 week 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.
GE Aerospace (NYSE:GE – Get Free Report) last announced its quarterly earnings results on Tuesday, April 21st. The company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.60 by $0.26. The business had revenue of $11.61 billion during the quarter, compared to analysts’ expectations of $11.61 billion. GE Aerospace had a return on equity of 37.99% and a net margin of 17.86%.The firm’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.49 EPS. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. On average, research analysts predict that GE Aerospace will post 7.47 earnings per share for the current fiscal year.
About GE Aerospace
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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