Geode Capital Management LLC Has $7.62 Billion Stock Holdings in GE Aerospace $GE

Geode Capital Management LLC grew its stake in GE Aerospace (NYSE:GE) by 1.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,774,942 shares of the company’s stock after buying an additional 312,880 shares during the period. GE Aerospace accounts for about 0.5% of Geode Capital Management LLC’s holdings, making the stock its 27th biggest holding. Geode Capital Management LLC’s holdings in GE Aerospace were worth $7,615,200,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Integrity Financial Corp WA bought a new stake in shares of GE Aerospace during the 3rd quarter valued at about $481,000. Prime Capital Investment Advisors LLC lifted its holdings in shares of GE Aerospace by 23.6% in 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 lifted its holdings in shares of GE Aerospace by 667.0% in 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. Prospera Financial Services Inc lifted its holdings in shares of GE Aerospace by 18.1% in the third quarter. Prospera Financial Services Inc now owns 47,706 shares of the company’s stock valued at $14,354,000 after purchasing an additional 7,315 shares in the last quarter. Finally, Allworth Financial LP increased its position in shares of GE Aerospace by 7.6% during the fourth 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 during the last quarter. Institutional investors own 74.77% of the company’s stock.

GE Aerospace Stock Up 1.0%

Shares of NYSE:GE opened at $317.73 on Thursday. The company has a market cap of $331.50 billion, a PE ratio of 39.13, a P/E/G ratio of 2.92 and a beta of 1.36. The stock’s 50-day moving average is $294.84 and its 200 day moving average is $305.47. GE Aerospace has a 1 year low of $232.24 and a 1 year high of $348.48. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.01 and a quick ratio of 0.70.

GE Aerospace (NYSE:GE) last released its quarterly earnings results on Tuesday, April 21st. The company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.26. The business had revenue of $11.61 billion for the quarter, compared to analysts’ expectations of $11.61 billion. GE Aerospace had a net margin of 17.86% and a return on equity of 37.99%. The firm’s revenue for the quarter was up 24.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.49 earnings per share. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. Sell-side analysts anticipate that GE Aerospace will post 7.46 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on GE. Citigroup decreased their price target on GE Aerospace from $380.00 to $353.00 and set a “buy” rating for the company in a research report on Wednesday, April 1st. BNP Paribas Exane cut their price target on GE Aerospace from $300.00 to $270.00 and set an “underperform” rating for the company in a report on Thursday, May 14th. Wells Fargo & Company began coverage on GE Aerospace in a report on Wednesday, April 1st. They issued an “overweight” rating and a $325.00 price target for the company. TD Cowen dropped their price objective on GE Aerospace from $350.00 to $330.00 and set a “buy” rating for the company in a research note on Wednesday, April 8th. Finally, UBS Group dropped their price target on GE Aerospace from $357.00 to $350.00 and set a “buy” rating for the company in a research note on Wednesday, April 22nd. One equities research 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $348.22.

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.