Intech Investment Management LLC raised its holdings in GE Aerospace (NYSE:GE – Free Report) by 10.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 180,933 shares of the company’s stock after purchasing an additional 17,142 shares during the period. GE Aerospace comprises about 0.5% of Intech Investment Management LLC’s holdings, making the stock its 25th largest holding. Intech Investment Management LLC’s holdings in GE Aerospace were worth $55,733,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital World Investors boosted its position in shares of GE Aerospace by 16.2% during the third quarter. Capital World Investors now owns 21,442,810 shares of the company’s stock worth $6,449,731,000 after purchasing an additional 2,995,054 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of GE Aerospace by 1,200.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,847,011 shares of the company’s stock worth $568,935,000 after purchasing an additional 1,705,005 shares in the last quarter. CIBC Bancorp USA Inc. bought a new position in shares of GE Aerospace during the third quarter worth $285,263,000. Vanguard Group Inc. boosted its position in shares of GE Aerospace by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 92,731,541 shares of the company’s stock worth $28,564,097,000 after purchasing an additional 699,364 shares in the last quarter. Finally, PFA Pension Forsikringsaktieselskab bought a new position in shares of GE Aerospace during the fourth quarter worth $202,901,000. 74.77% of the stock is owned by institutional investors.
Analyst Ratings Changes
GE has been the topic of a number of recent analyst reports. TD Cowen reduced their price target on shares of GE Aerospace from $350.00 to $330.00 and set a “buy” rating on the stock in a research report on Wednesday, April 8th. Royal Bank Of Canada reissued an “outperform” rating and set a $355.00 price target on shares of GE Aerospace in a research report on Wednesday, May 20th. President Capital reduced their price target on shares of GE Aerospace from $355.00 to $342.00 and set a “buy” rating on the stock in a research report on Wednesday, April 22nd. Seaport Research Partners initiated coverage on shares of GE Aerospace in a research report on Tuesday. They set a “buy” rating and a $375.00 price target on the stock. Finally, Daiwa Securities Group initiated coverage on shares of GE Aerospace in a research report on Tuesday, March 31st. They set a “neutral” rating and a $301.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned 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.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $348.22.
GE Aerospace Trading Up 1.0%
GE opened at $320.45 on Friday. The stock has a market capitalization of $334.34 billion, a P/E ratio of 39.46, a P/E/G ratio of 2.95 and a beta of 1.36. GE Aerospace has a 12 month low of $232.24 and a 12 month high of $348.48. The firm’s fifty day simple moving average is $295.20 and its 200 day simple moving average is $305.56. The company has a current ratio of 1.01, a quick ratio of 0.70 and a debt-to-equity ratio of 0.99.
GE Aerospace (NYSE:GE – Get Free Report) last posted its quarterly earnings data on Tuesday, April 21st. The company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.60 by $0.26. The business had revenue of $11.61 billion for the quarter, compared to analysts’ expectations of $11.61 billion. GE Aerospace had a net margin of 17.86% and a return on equity of 37.99%. The firm’s revenue was up 24.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.49 EPS. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. As a group, research analysts anticipate that GE Aerospace will post 7.46 EPS 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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