Daiwa Securities Group Inc. increased its holdings in GE Aerospace (NYSE:GE – Free Report) by 12.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 197,921 shares of the company’s stock after purchasing an additional 21,246 shares during the period. Daiwa Securities Group Inc.’s holdings in GE Aerospace were worth $60,966,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the business. REAP Financial Group LLC acquired a new stake in shares of GE Aerospace during the third quarter worth approximately $25,000. Blueline Advisors LLC acquired a new stake in shares of GE Aerospace during the fourth quarter worth approximately $25,000. Abich Financial Wealth Management LLC acquired a new stake in shares of GE Aerospace during the third quarter worth approximately $32,000. Tucker Asset Management LLC acquired a new stake in shares of GE Aerospace during the fourth quarter worth approximately $32,000. Finally, Redmont Wealth Advisors LLC acquired a new stake in shares of GE Aerospace during the third quarter worth approximately $36,000. Institutional investors and hedge funds own 74.77% of the company’s stock.
GE Aerospace Price Performance
GE opened at $328.53 on Friday. GE Aerospace has a one year low of $232.24 and a one 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. The company’s 50 day simple moving average is $298.20 and its 200-day simple moving average is $306.06. The stock has a market capitalization of $342.77 billion, a P/E ratio of 40.46, a price-to-earnings-growth ratio of 2.92 and a beta of 1.37.
GE Aerospace News Summary
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, reflecting robust engine demand and supporting the case for more upside ahead. Strength in Commercial Engines Unit Drives GE Aerospace: A Sign for More Upside?
- Positive Sentiment: Analysts and market commentators continue to point to GE Aerospace as a beneficiary of airline, transport, and engine demand, reinforcing optimism around the company’s long-term growth story. Market expert sees opportunity in Toast, GE Aerospace
- Positive Sentiment: GE Aerospace also continues to draw attention as a top performer in the industrial machinery space after its strong first-quarter results, helping keep sentiment constructive. Q1 Earnings Outperformers: GE Aerospace (NYSE:GE) And The Rest Of The General Industrial Machinery Stocks
- Neutral Sentiment: GE Aerospace is also benefiting from broader aerospace strength across the sector, including strong defense and engine-spares demand at peers like Howmet, which may support sentiment for the group overall. Howmet Gains From Defense Aerospace Strength: Can the Momentum Last?
- Neutral Sentiment: GE Aerospace is making strategic investments, including in future engine and aviation technologies such as hybrid-electric propulsion, which supports long-term growth but is less likely to move the stock immediately. GE Aerospace advances hybrid-electric aviation with megawatt-class engine test
Analysts Set New Price Targets
GE has been the subject of several recent analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $355.00 price objective on shares of GE Aerospace in a report on Wednesday, May 20th. Wells Fargo & Company initiated coverage on shares of GE Aerospace in a report on Wednesday, April 1st. They set an “overweight” rating and a $325.00 price objective for the company. Weiss Ratings lowered shares of GE Aerospace from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday. Daiwa Securities Group initiated coverage on shares of GE Aerospace in a report on Tuesday, March 31st. They set a “neutral” rating and a $301.00 price objective for the company. Finally, UBS Group dropped their price objective on shares of GE Aerospace from $357.00 to $350.00 and set a “buy” rating for the company in a report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, GE Aerospace has an average rating of “Moderate Buy” and a consensus target price of $348.22.
Read Our Latest Stock Analysis on GE
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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