HighTower Advisors LLC trimmed its stake in GE Aerospace (NYSE:GE – Free 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.
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
Trending Headlines about GE Aerospace
Here are the key news stories impacting GE Aerospace this week:
- Positive Sentiment: GE Aerospace won a U.S. Air Force contract to advance the GE426 engine for the Autonomous Collaborative Platform program, reinforcing its position in defense propulsion and highlighting new long-term growth opportunities. GE Aerospace Awarded U.S. Air Force Contract to Advance GE426 Engine for Autonomous Collaborative Platform
- Positive Sentiment: The company also disclosed progress on AI-enabled engine design, including a generative-AI tool that helped create a hypersonic ramjet concept far faster than traditional methods, which could improve development speed and competitiveness. GE Aerospace Just Did Something Amazing With AI
- Positive Sentiment: Media reports also highlighted a new 10-year Boeing 787 support deal with Japan Airlines, which should support GE Aerospace’s services revenue and deepen its installed-base monetization. GE Aerospace Expands Defense, Aviation Business With Two Major Deals
- Neutral Sentiment: The stock has also been getting attention from bullish commentary, options activity, and analyst optimism, but these are more sentiment-driven than directly fundamental. Jim Cramer on GE Aerospace: “Buy, GE Is Larry Culp”
- Neutral Sentiment: GE Aerospace also announced additional investment in its Pune, India manufacturing facility, signaling capacity expansion, though the near-term stock impact is less direct. GE Aerospace announces ₹100 crore investment in Pune manufacturing plant
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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