Investment Management Corp of Ontario boosted its holdings in shares of GE Aerospace (NYSE:GE – Free Report) by 26.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 103,299 shares of the company’s stock after purchasing an additional 21,772 shares during the quarter. Investment Management Corp of Ontario’s holdings in GE Aerospace were worth $31,819,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Evolve Private Wealth LLC purchased a new stake in GE Aerospace during the 4th quarter worth approximately $3,233,000. Ehrenkranz Partners L.P. acquired a new position in shares of GE Aerospace in the 4th quarter worth approximately $383,000. Engineers Gate Manager LP grew its position in shares of GE Aerospace by 315.1% in the 4th quarter. Engineers Gate Manager LP now owns 5,570 shares of the company’s stock worth $1,716,000 after acquiring an additional 4,228 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. grew its position in shares of GE Aerospace by 3.9% in the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 38,250 shares of the company’s stock worth $11,801,000 after acquiring an additional 1,451 shares in the last quarter. Finally, Boothbay Fund Management LLC grew its position in shares of GE Aerospace by 322.0% in the 4th quarter. Boothbay Fund Management LLC now owns 8,250 shares of the company’s stock worth $2,541,000 after acquiring an additional 6,295 shares in the last quarter. 74.77% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
GE has been the subject of several research reports. Wall Street Zen lowered GE Aerospace from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. Sanford C. Bernstein lifted their target price on GE Aerospace from $374.00 to $405.00 and gave the company an “outperform” rating in a research note on Tuesday, March 3rd. Weiss Ratings cut GE Aerospace from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, June 1st. Morgan Stanley lowered their price target on GE Aerospace from $425.00 to $400.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 22nd. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of GE Aerospace in a research report on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, GE Aerospace has a consensus rating of “Moderate Buy” and an average target price of $348.22.
GE Aerospace Stock Performance
Shares of GE stock opened at $356.84 on Thursday. GE Aerospace has a 1-year low of $232.24 and a 1-year high of $362.33. The company has a current ratio of 1.01, a quick ratio of 0.70 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $372.31 billion, a price-to-earnings ratio of 43.95, a P/E/G ratio of 3.12 and a beta of 1.37. The stock’s fifty day simple moving average is $307.29 and its 200-day simple moving average is $308.61.
GE Aerospace (NYSE:GE – Get Free Report) last issued its quarterly earnings results on Tuesday, April 21st. The company reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.26. The business had revenue of $11.61 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 24.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.49 earnings per share. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. On average, sell-side analysts predict 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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