Invesco Ltd. Boosts Holdings in GE Aerospace $GE

Invesco Ltd. raised its position in GE Aerospace (NYSE:GEFree Report) by 2.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 9,280,276 shares of the company’s stock after buying an additional 189,979 shares during the quarter. GE Aerospace comprises about 0.4% of Invesco Ltd.’s holdings, making the stock its 25th largest position. Invesco Ltd.’s holdings in GE Aerospace were worth $2,858,604,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the company. Rare Wolf Capital LLC acquired a new stake in shares of GE Aerospace in the 4th quarter worth $220,000. First Growth Capital LLC acquired a new position in shares of GE Aerospace during the fourth quarter worth about $435,000. Axxcess Wealth Management LLC increased its stake in shares of GE Aerospace by 11.6% during the fourth quarter. Axxcess Wealth Management LLC now owns 20,023 shares of the company’s stock worth $6,168,000 after acquiring an additional 2,075 shares during the period. Birchwood Financial Partners Inc. purchased a new position in GE Aerospace during the fourth quarter worth about $116,000. Finally, Corient Private Wealth LLC raised its holdings in GE Aerospace by 382.1% during the fourth quarter. Corient Private Wealth LLC now owns 2,757,281 shares of the company’s stock worth $849,325,000 after purchasing an additional 2,185,321 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. President Capital lowered their price objective on GE Aerospace from $355.00 to $342.00 and set a “buy” rating on the stock in a report on Wednesday, April 22nd. Weiss Ratings downgraded GE Aerospace from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, June 1st. Seaport Research Partners assumed coverage on GE Aerospace in a research note on Tuesday, May 26th. They issued a “buy” rating and a $375.00 price target on the stock. BNP Paribas Exane dropped their price objective on GE Aerospace from $300.00 to $270.00 and set an “underperform” rating on the stock in a report on Thursday, May 14th. Finally, Wells Fargo & Company initiated coverage on GE Aerospace in a research report on Wednesday, April 1st. They issued an “overweight” rating and a $325.00 price objective for the company. One investment 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 given a Sell rating to the company. According to MarketBeat, GE Aerospace has an average rating of “Moderate Buy” and an average target price of $348.22.

Read Our Latest Stock Report on GE Aerospace

GE Aerospace Stock Up 0.5%

GE stock opened at $358.77 on Friday. 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’s 50-day moving average price is $308.70 and its 200 day moving average price is $309.03. GE Aerospace has a 52 week low of $236.51 and a 52 week high of $364.70. The company has a market cap of $374.32 billion, a P/E ratio of 44.18, a P/E/G ratio of 3.16 and a beta of 1.37.

GE Aerospace (NYSE:GEGet Free Report) last issued its earnings results on Tuesday, April 21st. The company reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.26. GE Aerospace had a net margin of 17.86% and a return on equity of 37.99%. The company had revenue of $11.61 billion during the quarter, compared to analysts’ expectations of $11.61 billion. During the same period last year, the company posted $1.49 earnings per share. The firm’s quarterly revenue was up 24.6% compared to the same quarter last year. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. On average, research analysts expect that GE Aerospace will post 7.48 earnings per share for the current fiscal year.

GE Aerospace Company Profile

(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

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

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