Cerity Partners LLC increased its position in GE Aerospace (NYSE:GE – Free Report) by 12.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 481,946 shares of the company’s stock after acquiring an additional 51,609 shares during the period. Cerity Partners LLC’s holdings in GE Aerospace were worth $148,454,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of GE. REAP Financial Group LLC acquired a new stake in shares of GE Aerospace in the 3rd quarter worth about $25,000. Blueline Advisors LLC acquired a new stake in shares of GE Aerospace in the 4th quarter worth about $25,000. Abich Financial Wealth Management LLC acquired a new stake in shares of GE Aerospace in the 3rd quarter worth about $32,000. Tucker Asset Management LLC acquired a new stake in shares of GE Aerospace in the 4th quarter worth about $32,000. Finally, Redmont Wealth Advisors LLC acquired a new position in GE Aerospace during the 3rd quarter valued at about $36,000. Institutional investors and hedge funds own 74.77% of the company’s stock.
GE Aerospace Stock Down 1.8%
GE Aerospace stock opened at $322.08 on Tuesday. The stock has a market cap of $336.04 billion, a price-to-earnings ratio of 39.67, a PEG ratio of 2.91 and a beta of 1.37. 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’s 50-day moving average price is $299.57 and its two-hundred day moving average price is $306.44. GE Aerospace has a 52 week low of $232.24 and a 52 week high of $348.48.
More GE Aerospace News
Here are the key news stories impacting GE Aerospace this week:
- Positive Sentiment: GE Aerospace announced a memorandum of understanding with Wolfspeed to accelerate adoption of high-voltage silicon carbide power modules, a move that could strengthen GE’s position in next-generation aerospace and defense electrical systems. Article Title
- Positive Sentiment: The company also said it completed the first ground test of a megawatt-class hybrid-electric engine system, reinforcing its long-term growth story in advanced propulsion and decarbonization technologies. Article Title
- Positive Sentiment: Analyst and market commentary continues to frame GE Aerospace as a strong industrial/aerospace name, with bullish writeups citing durable services demand and constructive sentiment around the stock. Article Title
- Neutral Sentiment: Several media pieces today mostly reiterated the Wolfspeed partnership and GE’s strategic push into silicon carbide technology, which is supportive but not yet a near-term financial catalyst. Article Title
- Neutral Sentiment: Management commentary and profile coverage highlighted GE’s restructuring progress and exposure to high aviation demand, but these were largely reiterations of the company’s existing investment case. Article Title
- Negative Sentiment: The stock is trading lower despite the positive news, suggesting investors may be taking profits or reacting to broader market moves rather than a fresh operational setback at GE Aerospace. Article Title
Wall Street Analyst Weigh In
Several equities analysts have commented on the stock. Daiwa Securities Group assumed coverage on shares of GE Aerospace in a research note on Tuesday, March 31st. They set a “neutral” rating and a $301.00 target price on the stock. Weiss Ratings cut shares of GE Aerospace from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, June 1st. Zacks Research cut shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Citigroup lowered their target price 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. Finally, Wall Street Zen cut shares of GE Aerospace from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. One equities 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $348.22.
Check Out Our Latest Analysis on GE Aerospace
GE Aerospace Company 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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