First Manhattan CO. LLC. decreased its position in GE Aerospace (NYSE:GE – Free Report) by 2.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 198,321 shares of the company’s stock after selling 5,149 shares during the period. First Manhattan CO. LLC.’s holdings in GE Aerospace were worth $61,149,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Blueline Advisors LLC bought a new position in GE Aerospace in the fourth quarter valued at about $25,000. Ankerstar Wealth LLC bought a new position in GE Aerospace during the fourth quarter worth about $31,000. Tucker Asset Management LLC bought a new position in GE Aerospace during the fourth quarter worth about $32,000. Redmont Wealth Advisors LLC bought a new position in GE Aerospace during the third quarter worth about $36,000. Finally, Legacy Bridge LLC boosted its holdings in GE Aerospace by 3,375.0% during the fourth quarter. Legacy Bridge LLC now owns 139 shares of the company’s stock worth $43,000 after buying an additional 135 shares during the last quarter. Institutional investors own 74.77% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on the company. Sanford C. Bernstein raised 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. Morgan Stanley reduced their target price on GE Aerospace from $425.00 to $400.00 and set an “overweight” rating on the stock in a report on Wednesday, April 22nd. Weiss Ratings cut GE Aerospace from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, June 1st. TD Cowen reduced their target price on GE Aerospace from $350.00 to $330.00 and set a “buy” rating on the stock in a report on Wednesday, April 8th. Finally, Daiwa Securities Group assumed coverage on GE Aerospace in a report on Tuesday, March 31st. They set a “neutral” rating and a $301.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, GE Aerospace has an average rating of “Moderate Buy” and an average price target of $348.22.
GE Aerospace Trading Up 1.5%
NYSE GE opened at $356.84 on Thursday. The firm has a market cap of $372.31 billion, a P/E ratio of 43.95, a P/E/G ratio of 3.12 and a beta of 1.37. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.01 and a quick ratio of 0.70. The stock’s 50-day moving average is $307.29 and its 200-day moving average is $308.61. GE Aerospace has a one year low of $232.24 and a one year high of $362.33.
GE Aerospace (NYSE:GE – Get Free Report) last released its quarterly earnings results on Tuesday, April 21st. The company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.26. The company had revenue of $11.61 billion for the quarter, compared to analyst estimates of $11.61 billion. GE Aerospace had a return on equity of 37.99% and a net margin of 17.86%.GE Aerospace’s revenue was up 24.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.49 earnings per share. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. Sell-side analysts anticipate that GE Aerospace will post 7.48 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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