Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 9,295 Shares of GE Aerospace $GE

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its holdings in shares of GE Aerospace (NYSE:GEFree Report) by 3.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 245,355 shares of the company’s stock after selling 9,295 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in GE Aerospace were worth $75,577,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in GE. Norges Bank acquired a new position in shares of GE Aerospace during the fourth quarter valued at about $4,444,736,000. Capital World Investors grew its holdings in shares of GE Aerospace by 16.2% during the third quarter. Capital World Investors now owns 21,442,810 shares of the company’s stock valued at $6,449,731,000 after buying an additional 2,995,054 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of GE Aerospace by 1,200.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,847,011 shares of the company’s stock valued at $568,935,000 after buying an additional 1,705,005 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new position in shares of GE Aerospace during the third quarter valued at about $285,263,000. Finally, Vanguard Group Inc. grew its holdings in shares of GE Aerospace by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 92,731,541 shares of the company’s stock valued at $28,564,097,000 after buying an additional 699,364 shares during the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on GE. Zacks Research cut shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. Wall Street Zen cut shares of GE Aerospace from a “buy” rating to a “hold” rating in a report on Monday, April 27th. Daiwa Securities Group began coverage on shares of GE Aerospace in a report on Tuesday, March 31st. They set a “neutral” rating and a $301.00 price objective for the company. Wells Fargo & Company started coverage on shares of GE Aerospace in a report on Wednesday, April 1st. They set an “overweight” rating and a $325.00 price objective for the company. Finally, TD Cowen dropped their price target on shares of GE Aerospace from $350.00 to $330.00 and set a “buy” rating on the stock in a research report on Wednesday, April 8th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, GE Aerospace has a consensus rating of “Moderate Buy” and an average target price of $348.22.

Get Our Latest Analysis on GE

GE Aerospace Stock Up 0.8%

GE opened at $323.45 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.01 and a quick ratio of 0.70. The company’s 50-day moving average is $295.66 and its 200 day moving average is $305.69. GE Aerospace has a fifty-two week low of $232.24 and a fifty-two week high of $348.48. The firm has a market capitalization of $337.46 billion, a P/E ratio of 39.83, a PEG ratio of 3.00 and a beta of 1.36.

GE Aerospace (NYSE:GEGet Free Report) last released its quarterly earnings results on Tuesday, April 21st. The company reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.26. GE Aerospace had a net margin of 17.86% and a return on equity of 37.99%. The company had revenue of $11.61 billion for the quarter, compared to analyst estimates of $11.61 billion. During the same period last year, the firm earned $1.49 earnings per share. The firm’s 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. Research analysts expect that GE Aerospace will post 7.47 earnings per share for the current fiscal year.

Key Headlines Impacting GE Aerospace

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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.

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

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