Atria Investments Inc Sells 2,329 Shares of GE Aerospace $GE

Atria Investments Inc cut its holdings in GE Aerospace (NYSE:GEFree Report) by 7.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 31,121 shares of the company’s stock after selling 2,329 shares during the quarter. Atria Investments Inc’s holdings in GE Aerospace were worth $9,586,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. Phoenix Financial Ltd. lifted its position in GE Aerospace by 34.3% during the 3rd quarter. Phoenix Financial Ltd. now owns 22,632 shares of the company’s stock worth $6,808,000 after buying an additional 5,775 shares in the last quarter. Integrity Financial Corp WA acquired a new position in shares of GE Aerospace during the 3rd quarter worth approximately $481,000. Prime Capital Investment Advisors LLC raised its stake in shares of GE Aerospace by 23.6% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 51,105 shares of the company’s stock worth $15,373,000 after purchasing an additional 9,750 shares in the last quarter. HORAN Wealth LLC raised its stake 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 purchasing an additional 8,865 shares in the last quarter. Finally, Prospera Financial Services Inc boosted its holdings in shares of GE Aerospace by 18.1% in the 3rd quarter. Prospera Financial Services Inc now owns 47,706 shares of the company’s stock valued at $14,354,000 after buying an additional 7,315 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on GE shares. Weiss Ratings restated a “buy (b)” rating on shares of GE Aerospace in a research note on Thursday, January 22nd. Zacks Research cut GE Aerospace from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. UBS Group dropped their price objective on GE Aerospace from $357.00 to $350.00 and set a “buy” rating on the stock in a research note on Wednesday, April 22nd. Jefferies Financial Group set a $365.00 target price on GE Aerospace in a report on Sunday, April 26th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $355.00 price target on shares of GE Aerospace in a report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $348.22.

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Key Headlines Impacting GE Aerospace

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GE Aerospace Stock Down 1.1%

Shares of GE opened at $291.42 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. GE Aerospace has a 12 month low of $223.45 and a 12 month high of $348.48. The firm’s 50 day moving average is $298.49 and its 200-day moving average is $306.09. The stock has a market capitalization of $304.05 billion, a PE ratio of 35.89, a P/E/G ratio of 2.74 and a beta of 1.36.

GE Aerospace (NYSE:GEGet Free Report) last issued its quarterly 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 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%.The firm’s revenue for the quarter was up 24.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.49 earnings per share. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. Equities research analysts forecast that GE Aerospace will post 7.46 EPS for the current year.

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.

Further Reading

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

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