Westmount Partners LLC lifted its stake in GE Aerospace (NYSE:GE – Free Report) by 79.7% in the first quarter, HoldingsChannel reports. The firm owned 4,658 shares of the company’s stock after purchasing an additional 2,066 shares during the period. Westmount Partners LLC’s holdings in GE Aerospace were worth $1,322,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Allworth Financial LP lifted its position in shares of GE Aerospace by 7.6% in the 4th quarter. Allworth Financial LP now owns 76,867 shares of the company’s stock valued at $23,677,000 after acquiring an additional 5,434 shares in the last quarter. Dara Capital US Inc. acquired a new stake in shares of GE Aerospace in the fourth quarter worth $2,527,000. NewEdge Wealth LLC boosted its position in shares of GE Aerospace by 92.2% in the fourth quarter. NewEdge Wealth LLC now owns 20,142 shares of the company’s stock worth $6,204,000 after buying an additional 9,663 shares during the period. Orion Porfolio Solutions LLC grew its holdings in shares of GE Aerospace by 11.0% during the third quarter. Orion Porfolio Solutions LLC now owns 68,266 shares of the company’s stock valued at $20,536,000 after buying an additional 6,747 shares in the last quarter. Finally, CenterBook Partners LP grew its holdings in shares of GE Aerospace by 892.6% during the fourth quarter. CenterBook Partners LP now owns 49,788 shares of the company’s stock valued at $15,336,000 after buying an additional 44,772 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.
Analysts Set New Price Targets
Several research firms recently weighed in on GE. Seaport Research Partners initiated coverage on GE Aerospace in a research report on Tuesday, May 26th. They set a “buy” rating and a $375.00 price target on the stock. Morgan Stanley reduced their price target on shares of GE Aerospace from $425.00 to $400.00 and set an “overweight” rating for the company in a research report on Wednesday, April 22nd. Wall Street Zen cut shares of GE Aerospace from a “buy” rating to a “hold” rating in a report on Monday, April 27th. Weiss Ratings downgraded shares of GE Aerospace from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, June 1st. Finally, Citigroup dropped their price objective on shares of GE Aerospace from $380.00 to $353.00 and set a “buy” rating on the stock in a research note on Wednesday, April 1st. One equities 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. Based on data from MarketBeat, GE Aerospace presently has an average rating of “Moderate Buy” and an average price target of $348.22.
GE Aerospace Stock Performance
Shares of GE stock opened at $358.77 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.01 and a quick ratio of 0.70. GE Aerospace has a fifty-two week low of $236.51 and a fifty-two week high of $364.70. The stock’s 50-day moving average is $309.71 and its two-hundred day moving average is $309.38. The firm has a market cap of $374.32 billion, a P/E ratio of 44.18, a PEG ratio of 3.17 and a beta of 1.37.
GE Aerospace (NYSE:GE – Get Free Report) last posted its quarterly earnings results on Tuesday, April 21st. The company reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $0.26. The company had revenue of $11.61 billion during 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%.The business’s quarterly revenue was up 24.6% on a year-over-year basis. During the same period last year, the business earned $1.49 EPS. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. Analysts predict that GE Aerospace will post 7.48 earnings per share for the current fiscal year.
GE Aerospace 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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