LFG Wealth Partners LLC purchased a new position in GE Aerospace (NYSE:GE – Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,665 shares of the company’s stock, valued at approximately $821,000.
Other institutional investors also recently modified their holdings of the company. Wolff Wiese Magana LLC increased its position in shares of GE Aerospace by 1.0% during the fourth quarter. Wolff Wiese Magana LLC now owns 3,474 shares of the company’s stock worth $1,070,000 after buying an additional 33 shares during the period. Montz Harcus Wealth Management LLC lifted its holdings in GE Aerospace by 3.6% in the fourth quarter. Montz Harcus Wealth Management LLC now owns 947 shares of the company’s stock valued at $292,000 after buying an additional 33 shares during the period. Darwin Wealth Management LLC boosted its position in GE Aerospace by 2.0% during the fourth quarter. Darwin Wealth Management LLC now owns 1,699 shares of the company’s stock valued at $523,000 after acquiring an additional 33 shares during the last quarter. LRI Investments LLC grew its holdings in GE Aerospace by 1.4% during the 4th quarter. LRI Investments LLC now owns 2,390 shares of the company’s stock worth $736,000 after acquiring an additional 33 shares during the period. Finally, Saxon Interests Inc. grew its holdings in GE Aerospace by 2.5% during the 4th quarter. Saxon Interests Inc. now owns 1,351 shares of the company’s stock worth $416,000 after acquiring an additional 33 shares during the period. 74.77% of the stock is owned by institutional investors.
GE Aerospace Stock Performance
Shares of GE opened at $342.40 on Tuesday. GE Aerospace has a one year low of $232.24 and a one year high of $348.90. The company has a market cap of $357.24 billion, a PE ratio of 42.17, a P/E/G ratio of 2.97 and a beta of 1.37. The stock has a 50-day moving average of $304.50 and a 200-day moving average of $307.80. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.01 and a quick ratio of 0.70.
Analyst Ratings Changes
A number of research analysts have recently issued reports on GE shares. Citigroup dropped their price objective on GE Aerospace from $380.00 to $353.00 and set a “buy” rating on the stock in a research note on Wednesday, April 1st. UBS Group dropped 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. Zacks Research cut GE Aerospace from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. Wall Street Zen downgraded shares of GE Aerospace from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. Finally, BNP Paribas Exane lowered their price objective on shares of 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 investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, GE Aerospace presently has an average rating of “Moderate Buy” and a consensus target price of $348.22.
Read Our Latest Analysis 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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