CIBC Asset Management Inc Purchases 99,815 Shares of GE Aerospace $GE

CIBC Asset Management Inc increased its position in GE Aerospace (NYSE:GE) by 65.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 251,736 shares of the company’s stock after acquiring an additional 99,815 shares during the quarter. CIBC Asset Management Inc’s holdings in GE Aerospace were worth $77,542,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. REAP Financial Group LLC bought a new stake in GE Aerospace during the third quarter valued at approximately $25,000. Blueline Advisors LLC bought a new stake in shares of GE Aerospace in the 4th quarter valued at about $25,000. Tucker Asset Management LLC bought a new stake in GE Aerospace during the 4th quarter valued at $32,000. Abich Financial Wealth Management LLC bought a new stake in GE Aerospace during the 3rd quarter valued at $32,000. Finally, Redmont Wealth Advisors LLC bought a new position in GE Aerospace during the 3rd quarter valued at approximately $36,000. Institutional investors own 74.77% of the company’s stock.

GE Aerospace Trading Down 2.0%

GE Aerospace stock opened at $318.09 on Wednesday. The business has a 50-day simple moving average of $296.32 and a two-hundred day simple moving average of $305.74. The company has a quick ratio of 0.70, a current ratio of 1.01 and a debt-to-equity ratio of 0.99. The company has a market cap of $331.88 billion, a P/E ratio of 39.17, a P/E/G ratio of 3.01 and a beta of 1.37. GE Aerospace has a 52-week low of $232.24 and a 52-week high of $348.48.

GE Aerospace (NYSE:GE) last announced its earnings results on Tuesday, April 21st. The company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.26. The company had revenue of $11.61 billion during the quarter, compared to analyst estimates of $11.61 billion. GE Aerospace had a net margin of 17.86% and a return on equity of 37.99%. The firm’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same period 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. Analysts predict that GE Aerospace will post 7.47 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Wall Street Zen lowered shares of GE Aerospace from a “buy” rating to a “hold” rating in a report on Monday, April 27th. Weiss Ratings lowered shares of GE Aerospace from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday. Morgan Stanley decreased their price target on shares of GE Aerospace from $425.00 to $400.00 and set an “overweight” rating for the company in a research note on Wednesday, April 22nd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $355.00 price objective on shares of GE Aerospace in a research report on Wednesday, May 20th. Finally, Sanford C. Bernstein raised their price objective on shares of GE Aerospace from $374.00 to $405.00 and gave the company an “outperform” rating in a research note on Tuesday, March 3rd. One investment 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 stock. According to MarketBeat.com, GE Aerospace has an average rating of “Moderate Buy” and a consensus price target of $348.22.

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.