Hanson & Doremus Investment Management Has $2.01 Million Stock Holdings in GE Aerospace $GE

Hanson & Doremus Investment Management boosted its position in GE Aerospace (NYSE:GE) by 43.2% during the first quarter, HoldingsChannel.com reports. The fund owned 7,072 shares of the company’s stock after buying an additional 2,132 shares during the quarter. Hanson & Doremus Investment Management’s holdings in GE Aerospace were worth $2,007,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in GE. Allworth Financial LP boosted its holdings in shares of GE Aerospace by 7.6% during 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 position in GE Aerospace in the 4th quarter worth about $2,527,000. NewEdge Wealth LLC raised its position in GE Aerospace by 92.2% in the fourth quarter. NewEdge Wealth LLC now owns 20,142 shares of the company’s stock valued at $6,204,000 after purchasing an additional 9,663 shares during the last quarter. Orion Porfolio Solutions LLC boosted its stake 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 purchasing an additional 6,747 shares in the last quarter. Finally, CenterBook Partners LP boosted its stake 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 purchasing an additional 44,772 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

GE has been the subject of several recent research reports. President Capital lowered their price objective on GE Aerospace from $355.00 to $342.00 and set a “buy” rating for the company in a research note on Wednesday, April 22nd. Wall Street Zen downgraded shares of GE Aerospace from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. Citigroup reduced their target price 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. Jefferies Financial Group restated a “buy” rating on shares of GE Aerospace in a research report on Wednesday, May 27th. Finally, Weiss Ratings downgraded shares of GE Aerospace from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $348.22.

GE Aerospace Trading Down 0.4%

Shares of GE stock opened at $356.34 on Tuesday. The stock has a market cap of $371.78 billion, a price-to-earnings ratio of 43.88, a PEG ratio of 3.17 and a beta of 1.37. The stock has a 50-day moving average of $310.58 and a 200-day moving average of $310.00. 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 has a 1-year low of $238.62 and a 1-year high of $364.70.

GE Aerospace (NYSE:GE) last posted its quarterly earnings data on Tuesday, April 21st. The company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.26. GE Aerospace had a return on equity of 37.99% and a net margin of 17.86%.The company had revenue of $11.61 billion for the quarter, compared to analyst estimates of $11.61 billion. During the same period in the previous year, the firm earned $1.49 earnings per share. The firm’s quarterly revenue was up 24.6% on a year-over-year basis. 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.

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.