Cornerstone Wealth Management LLC Acquires 1,997 Shares of GE Aerospace $GE

Cornerstone Wealth Management LLC raised its holdings in GE Aerospace (NYSE:GEFree Report) by 16.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 13,782 shares of the company’s stock after purchasing an additional 1,997 shares during the period. Cornerstone Wealth Management LLC’s holdings in GE Aerospace were worth $4,245,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of GE. Phoenix Financial Ltd. increased its holdings in GE Aerospace by 34.3% in the third quarter. Phoenix Financial Ltd. now owns 22,632 shares of the company’s stock valued at $6,808,000 after purchasing an additional 5,775 shares during the last quarter. Integrity Financial Corp WA bought a new position in GE Aerospace during the third quarter worth about $481,000. Prime Capital Investment Advisors LLC boosted its holdings in GE Aerospace by 23.6% during the third quarter. Prime Capital Investment Advisors LLC now owns 51,105 shares of the company’s stock worth $15,373,000 after buying an additional 9,750 shares during the last quarter. HORAN Wealth LLC grew its position in shares of GE Aerospace by 667.0% during the 3rd quarter. HORAN Wealth LLC now owns 10,194 shares of the company’s stock worth $3,066,000 after buying an additional 8,865 shares during the period. Finally, Prospera Financial Services Inc grew its position in shares of GE Aerospace by 18.1% during the 3rd quarter. Prospera Financial Services Inc now owns 47,706 shares of the company’s stock worth $14,354,000 after buying an additional 7,315 shares during the period. Institutional investors and hedge funds own 74.77% of the company’s stock.

GE Aerospace Trading Down 1.1%

NYSE:GE opened at $291.42 on Friday. GE Aerospace has a fifty-two week low of $223.45 and a fifty-two week 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. The stock has a market capitalization of $304.05 billion, a PE ratio of 35.89, a price-to-earnings-growth ratio of 2.74 and a beta of 1.36. The business’s 50-day simple moving average is $298.49 and its 200-day simple moving average is $306.09.

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

Trending Headlines about GE Aerospace

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

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on GE. Wall Street Zen downgraded shares of GE Aerospace from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. President Capital lowered their target price on shares of GE Aerospace from $355.00 to $342.00 and set a “buy” rating for the company in a research note on Wednesday, April 22nd. Daiwa Securities Group started coverage on shares of GE Aerospace in a report on Tuesday, March 31st. They issued a “neutral” rating and a $301.00 target price on the stock. BNP Paribas Exane reduced their price target on shares of GE Aerospace from $300.00 to $270.00 and set an “underperform” rating on the stock in a research report on Thursday. Finally, TD Cowen decreased their price target on shares of GE Aerospace from $350.00 to $330.00 and set a “buy” rating for the company in a report on Wednesday, April 8th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, GE Aerospace currently has an average rating of “Moderate Buy” and an average price target of $348.22.

Check Out Our Latest Stock Report on GE

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.

See Also

Want to see what other hedge funds are holding GE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GE Aerospace (NYSE:GEFree Report).

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

Receive News & Ratings for GE Aerospace Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GE Aerospace and related companies with MarketBeat.com's FREE daily email newsletter.