University of Texas Texas AM Investment Management Co. Has $2.46 Million Stock Position in GE Aerospace $GE

University of Texas Texas AM Investment Management Co. grew its holdings in GE Aerospace (NYSE:GE) by 2,483.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 7,983 shares of the company’s stock after acquiring an additional 7,674 shares during the period. University of Texas Texas AM Investment Management Co.’s holdings in GE Aerospace were worth $2,459,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Blueline Advisors LLC acquired a new position in shares of GE Aerospace in the fourth quarter valued at $25,000. Ankerstar Wealth LLC bought a new position in GE Aerospace during the 4th quarter worth $31,000. Abich Financial Wealth Management LLC acquired a new stake in shares of GE Aerospace during the third quarter worth $32,000. Tucker Asset Management LLC bought a new stake in shares of GE Aerospace in the fourth quarter valued at about $32,000. Finally, Redmont Wealth Advisors LLC bought a new position in GE Aerospace during the third quarter worth about $36,000. 74.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on GE. Seaport Research Partners assumed coverage on shares of GE Aerospace in a research report on Tuesday, May 26th. They set a “buy” rating and a $375.00 target price on the stock. Daiwa Securities Group assumed coverage on GE Aerospace in a research report on Tuesday, March 31st. They set a “neutral” rating and a $301.00 target price for the company. Royal Bank Of Canada restated an “outperform” rating and issued a $355.00 price target on shares of GE Aerospace in a research report on Wednesday, May 20th. Sanford C. Bernstein raised their target price on shares of GE Aerospace from $374.00 to $405.00 and gave the company an “outperform” rating in a report on Tuesday, March 3rd. Finally, Weiss Ratings lowered shares of GE Aerospace from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $348.22.

GE Aerospace Trading Up 2.1%

NYSE:GE opened at $342.40 on Tuesday. The company has a market cap of $357.24 billion, a PE ratio of 42.17, a price-to-earnings-growth ratio of 2.97 and a beta of 1.37. 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 company has a 50 day simple moving average of $304.50 and a two-hundred day simple moving average of $307.80. GE Aerospace has a 12 month low of $232.24 and a 12 month high of $348.90.

GE Aerospace (NYSE:GE) last issued its quarterly earnings data on Tuesday, April 21st. The company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.60 by $0.26. The firm 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 business’s quarterly revenue was up 24.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.49 EPS. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. Research analysts forecast that GE Aerospace will post 7.48 earnings per share for the current year.

About GE Aerospace

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.