Mitchell Mcleod Pugh & Williams Inc. Purchases 2,180 Shares of GE Aerospace $GE

Mitchell Mcleod Pugh & Williams Inc. boosted its stake in shares of GE Aerospace (NYSE:GEFree Report) by 32.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 8,812 shares of the company’s stock after acquiring an additional 2,180 shares during the period. Mitchell Mcleod Pugh & Williams Inc.’s holdings in GE Aerospace were worth $2,829,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Blueline Advisors LLC purchased a new stake in GE Aerospace during the fourth quarter worth $25,000. Tucker Asset Management LLC purchased a new stake in GE Aerospace during the fourth quarter worth $32,000. Abich Financial Wealth Management LLC purchased a new stake in GE Aerospace during the third quarter worth $32,000. Redmont Wealth Advisors LLC purchased a new stake in GE Aerospace during the third quarter worth $36,000. Finally, Legacy Bridge LLC lifted its holdings in GE Aerospace by 3,375.0% during the fourth quarter. Legacy Bridge LLC now owns 139 shares of the company’s stock worth $43,000 after buying an additional 135 shares during the period. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Analyst Ratings Changes

GE has been the subject of a number of analyst reports. Daiwa Securities Group initiated coverage on GE Aerospace in a report on Tuesday, March 31st. They set a “neutral” rating and a $301.00 target price for the company. BNP Paribas Exane lowered their target price on GE Aerospace from $300.00 to $270.00 and set an “underperform” rating for the company in a report on Thursday, May 14th. Wall Street Zen lowered GE Aerospace from a “buy” rating to a “hold” rating in a report on Monday, April 27th. Morgan Stanley lowered their target price on GE Aerospace from $425.00 to $400.00 and set an “overweight” rating for the company in a report on Wednesday, April 22nd. Finally, President Capital lowered their target price on GE Aerospace from $355.00 to $342.00 and set a “buy” rating for the company in a report on Wednesday, April 22nd. 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 stock. Based on data from MarketBeat, GE Aerospace has an average rating of “Moderate Buy” and a consensus target price of $348.22.

Read Our Latest Research Report on GE

GE Aerospace Stock Performance

Shares of GE opened at $319.24 on Thursday. GE Aerospace has a 12 month low of $232.24 and a 12 month high of $348.48. The stock has a fifty day moving average price of $301.45 and a 200-day moving average price of $306.85. 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 firm has a market cap of $333.07 billion, a PE ratio of 39.31, a P/E/G ratio of 2.93 and a beta of 1.37.

GE Aerospace (NYSE:GEGet Free Report) last issued its quarterly earnings data on Tuesday, April 21st. The company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.60 by $0.26. GE Aerospace had a return on equity of 37.99% and a net margin of 17.86%.The firm had revenue of $11.61 billion during the quarter, compared to analyst estimates of $11.61 billion. During the same quarter in the prior year, the business posted $1.49 EPS. The business’s revenue for the quarter was up 24.6% compared to the same quarter last year. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. Equities research analysts predict that GE Aerospace will post 7.48 earnings per share for the current fiscal year.

GE Aerospace News Summary

Here are the key news stories impacting GE Aerospace this week:

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

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

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