MV Capital Management Inc. Acquires New Stake in GE Aerospace $GE

MV Capital Management Inc. acquired a new position in shares of GE Aerospace (NYSE:GEFree Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,872 shares of the company’s stock, valued at approximately $577,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allworth Financial LP grew its stake in GE Aerospace by 7.6% in the 4th quarter. Allworth Financial LP now owns 76,867 shares of the company’s stock worth $23,677,000 after acquiring an additional 5,434 shares during the period. Dara Capital US Inc. purchased a new position in shares of GE Aerospace during the 4th quarter worth $2,527,000. NewEdge Wealth LLC boosted its holdings in shares of GE Aerospace by 92.2% during the fourth quarter. NewEdge Wealth LLC now owns 20,142 shares of the company’s stock worth $6,204,000 after purchasing an additional 9,663 shares during the last quarter. Orion Porfolio Solutions LLC boosted 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 worth $20,536,000 after purchasing an additional 6,747 shares during the last quarter. Finally, CenterBook Partners LP boosted 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 worth $15,336,000 after purchasing an additional 44,772 shares during the last quarter. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

GE Aerospace Trading Up 0.5%

Shares of GE opened at $358.77 on Friday. GE Aerospace has a twelve month low of $236.51 and a twelve month high of $364.70. The firm has a market capitalization of $374.32 billion, a P/E ratio of 44.18, a price-to-earnings-growth ratio of 3.16 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 stock’s fifty day simple moving average is $308.70 and its 200 day simple moving average is $309.03.

GE Aerospace (NYSE:GEGet Free Report) last posted its quarterly earnings results on Tuesday, April 21st. The company reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.26. The firm 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 firm’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.49 earnings per share. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. On average, equities research analysts forecast that GE Aerospace will post 7.48 earnings per share for the current year.

Analyst Ratings Changes

GE has been the subject of several analyst reports. Zacks Research lowered GE Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Daiwa Securities Group began coverage on GE Aerospace in a research note on Tuesday, March 31st. They issued a “neutral” rating and a $301.00 price target on the stock. President Capital dropped their price objective on shares of GE Aerospace from $355.00 to $342.00 and set a “buy” rating for the company in a research note on Wednesday, April 22nd. Citigroup cut their price objective on shares of GE Aerospace from $380.00 to $353.00 and set a “buy” rating on the stock in a report on Wednesday, April 1st. Finally, Sanford C. Bernstein raised their target price on shares of GE Aerospace from $374.00 to $405.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 3rd. One analyst has rated the stock with a Strong Buy rating, sixteen have given 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 currently has a consensus rating of “Moderate Buy” and a consensus price target of $348.22.

Get Our Latest Analysis on GE

About GE Aerospace

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for GE Aerospace (NYSE:GE)

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