OMERS ADMINISTRATION Corp Acquires 3,218 Shares of GE Aerospace $GE

OMERS ADMINISTRATION Corp grew its position in GE Aerospace (NYSE:GEFree Report) by 5.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 62,227 shares of the company’s stock after buying an additional 3,218 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in GE Aerospace were worth $19,168,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in GE. Blueline Advisors LLC purchased a new stake in shares of GE Aerospace in the 4th quarter worth $25,000. Ankerstar Wealth LLC purchased a new stake in shares of GE Aerospace in the 4th quarter worth $31,000. Abich Financial Wealth Management LLC purchased a new stake in shares of GE Aerospace in the 3rd quarter worth $32,000. Tucker Asset Management LLC purchased a new stake in shares of GE Aerospace in the 4th quarter worth $32,000. Finally, Redmont Wealth Advisors LLC purchased a new stake in shares of GE Aerospace in the 3rd quarter worth $36,000. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

GE Aerospace Trading Up 2.1%

GE Aerospace stock opened at $342.40 on Tuesday. The stock has a 50-day moving average of $304.50 and a two-hundred day moving average of $307.80. 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 has a one year low of $232.24 and a one year high of $348.90. The stock has a market cap of $357.24 billion, a PE ratio of 42.17, a price-to-earnings-growth ratio of 2.97 and a beta of 1.37.

GE Aerospace (NYSE:GEGet Free Report) last released its quarterly earnings results on Tuesday, April 21st. The company reported $1.86 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 company had revenue of $11.61 billion during the quarter, compared to analysts’ expectations of $11.61 billion. During the same period last year, the business posted $1.49 earnings per share. The firm’s revenue was up 24.6% compared to the same quarter last year. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. On average, research analysts anticipate that GE Aerospace will post 7.48 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on GE. Royal Bank Of Canada reiterated an “outperform” rating and issued a $355.00 target price on shares of GE Aerospace in a report on Wednesday, May 20th. Zacks Research cut GE Aerospace from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. Morgan Stanley lowered their target price on GE Aerospace from $425.00 to $400.00 and set an “overweight” rating for the company in a report on Wednesday, April 22nd. Sanford C. Bernstein upped their target price on GE Aerospace from $374.00 to $405.00 and gave the stock an “outperform” rating in a report on Tuesday, March 3rd. Finally, President Capital lowered their target price on GE Aerospace from $355.00 to $342.00 and set a “buy” rating for the company in a report on Wednesday, April 22nd. One research 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 given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $348.22.

View Our Latest Research Report on GE Aerospace

About GE Aerospace

(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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