HighTower Advisors LLC Sells 10,623 Shares of GE Aerospace $GE

HighTower Advisors LLC trimmed its stake in GE Aerospace (NYSE:GEFree Report) by 2.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 449,750 shares of the company’s stock after selling 10,623 shares during the period. HighTower Advisors LLC’s holdings in GE Aerospace were worth $138,536,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in GE. Phoenix Financial Ltd. increased its position in GE Aerospace by 34.3% during the 3rd quarter. Phoenix Financial Ltd. now owns 22,632 shares of the company’s stock valued at $6,808,000 after purchasing an additional 5,775 shares during the period. Integrity Financial Corp WA purchased a new stake in shares of GE Aerospace in the 3rd quarter worth approximately $481,000. Prime Capital Investment Advisors LLC boosted its stake in shares of GE Aerospace by 23.6% during the third quarter. Prime Capital Investment Advisors LLC now owns 51,105 shares of the company’s stock valued at $15,373,000 after purchasing an additional 9,750 shares in the last quarter. HORAN Wealth LLC boosted its stake in shares of GE Aerospace by 667.0% during the third quarter. HORAN Wealth LLC now owns 10,194 shares of the company’s stock valued at $3,066,000 after purchasing an additional 8,865 shares in the last quarter. Finally, Prospera Financial Services Inc increased its holdings in GE Aerospace by 18.1% during the third quarter. Prospera Financial Services Inc now owns 47,706 shares of the company’s stock valued at $14,354,000 after buying an additional 7,315 shares during the period. 74.77% of the stock is currently owned by institutional investors.

GE Aerospace Price Performance

Shares of GE opened at $284.68 on Wednesday. The company has a 50 day moving average of $295.74 and a two-hundred day moving average of $305.50. The company has a quick ratio of 0.70, a current ratio of 1.01 and a debt-to-equity ratio of 0.99. GE Aerospace has a twelve month low of $228.01 and a twelve month high of $348.48. The company has a market cap of $297.02 billion, a price-to-earnings ratio of 35.06, a price-to-earnings-growth ratio of 2.66 and a beta of 1.36.

GE Aerospace (NYSE:GEGet Free Report) last issued its quarterly earnings results on Tuesday, April 21st. The company reported $1.86 earnings per share (EPS) for the quarter, topping 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%.The business’s quarterly revenue was up 24.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.49 earnings per share. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. As a group, analysts predict that GE Aerospace will post 7.46 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Zacks Research downgraded shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Deutsche Bank Aktiengesellschaft lifted their price target on GE Aerospace from $375.00 to $387.00 and gave the company a “buy” rating in a report on Friday, January 23rd. Jefferies Financial Group set a $365.00 price objective on GE Aerospace in a research note on Sunday, April 26th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $355.00 price objective on shares of GE Aerospace in a research report on Wednesday, April 22nd. Finally, The Goldman Sachs Group lifted their target price on GE Aerospace from $338.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, GE Aerospace has a consensus rating of “Moderate Buy” and a consensus price target of $348.22.

View Our Latest Stock Report on GE Aerospace

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GE Aerospace Company Profile

(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

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

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