XML Financial LLC raised its stake in shares of GE Aerospace (NYSE:GE – Free Report) by 28.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 7,452 shares of the company’s stock after buying an additional 1,668 shares during the quarter. XML Financial LLC’s holdings in GE Aerospace were worth $2,295,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. REAP Financial Group LLC purchased a new position in GE Aerospace during the third quarter valued at $25,000. Blueline Advisors LLC purchased a new position in GE Aerospace during the fourth quarter valued at $25,000. Tucker Asset Management LLC purchased a new position in GE Aerospace during the fourth quarter valued at $32,000. Abich Financial Wealth Management LLC purchased a new position in GE Aerospace during the third quarter valued at $32,000. Finally, Redmont Wealth Advisors LLC purchased a new position in GE Aerospace during the third quarter valued at $36,000. Hedge funds and other institutional investors own 74.77% of the company’s stock.
GE Aerospace Price Performance
Shares of GE Aerospace stock opened at $328.69 on Friday. The stock’s 50-day simple moving average is $298.84 and its 200-day simple moving average is $306.22. GE Aerospace has a 52 week low of $232.24 and a 52 week high of $348.48. The company has a market capitalization of $342.93 billion, a price-to-earnings ratio of 40.48, a PEG ratio of 2.91 and a beta of 1.37. The company has a quick ratio of 0.70, a current ratio of 1.01 and a debt-to-equity ratio of 0.99.
Wall Street Analysts Forecast Growth
A number of analysts have commented on GE shares. Wells Fargo & Company started coverage on GE Aerospace in a report on Wednesday, April 1st. They issued an “overweight” rating and a $325.00 target price for the company. TD Cowen reduced their target price on GE Aerospace from $350.00 to $330.00 and set a “buy” rating for the company in a report on Wednesday, April 8th. Jefferies Financial Group reissued a “buy” rating on shares of GE Aerospace in a report on Wednesday, May 27th. Daiwa Securities Group started coverage on GE Aerospace in a report on Tuesday, March 31st. They issued a “neutral” rating and a $301.00 target price for the company. Finally, Wall Street Zen lowered GE Aerospace from a “buy” rating to a “hold” rating in a report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $348.22.
Check Out Our Latest Analysis on GE
Key Headlines Impacting GE Aerospace
Here are the key news stories impacting GE Aerospace this week:
- Positive Sentiment: GE Aerospace’s Commercial Engines unit saw orders surge 93% to $17.3 billion, underscoring strong demand and supporting expectations for continued growth. Strength in Commercial Engines Unit Drives GE Aerospace: A Sign for More Upside?
- Positive Sentiment: The U.S. Air Force awarded GE and Rolls-Royce work on “medium thrust” drone engines, adding another defense-related opportunity for GE Aerospace’s propulsion business. Air Force awards GE, Rolls-Royce for ‘medium thrust’ drone engines
- Positive Sentiment: GE Aerospace qualified 600-volt power systems for next-generation U.S. Army vehicles, highlighting progress in military electrification and creating a potential new revenue stream. GE Aerospace qualifies 600-volt power systems for next-generation US Army vehicles
- Positive Sentiment: British Airways and Air New Zealand chose GE’s GEnx engines for Boeing 787 fleets, which reinforces GE’s position in widebody aircraft engines and suggests airlines are favoring GE over rival Rolls-Royce. Airline Shift To GEnx Engines Puts GE Valuation In Sharper Focus
- Positive Sentiment: GE Aerospace is also drawing bullish commentary from analysts and market watchers who cite its long-term exposure to airlines, transport, and engines as an attractive growth story. Market expert sees opportunity in Toast, GE Aerospace
- Neutral Sentiment: Several broader sector and earnings recap articles continued to highlight GE Aerospace as a strong industrial performer, reinforcing momentum but not adding a specific new catalyst. Q1 Earnings Outperformers: GE Aerospace (NYSE:GE) And The Rest Of The General Industrial Machinery Stocks
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.
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