GE Aerospace $GE Stake Raised by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC boosted its stake in GE Aerospace (NYSE:GE) by 25.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 23,438 shares of the company’s stock after acquiring an additional 4,808 shares during the quarter. Fidelis Capital Partners LLC’s holdings in GE Aerospace were worth $7,220,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in GE. Ledyard National Bank raised its position in shares of GE Aerospace by 1.2% during the third quarter. Ledyard National Bank now owns 2,754 shares of the company’s stock worth $828,000 after purchasing an additional 33 shares during the period. Hardy Reed LLC grew its stake in GE Aerospace by 0.7% during the 3rd quarter. Hardy Reed LLC now owns 4,999 shares of the company’s stock valued at $1,504,000 after acquiring an additional 33 shares in the last quarter. Wolff Wiese Magana LLC increased its stake in shares of GE Aerospace by 1.0% in the fourth quarter. Wolff Wiese Magana LLC now owns 3,474 shares of the company’s stock worth $1,070,000 after acquiring an additional 33 shares during the last quarter. Montz Harcus Wealth Management LLC lifted its holdings in shares of GE Aerospace by 3.6% during the 4th quarter. Montz Harcus Wealth Management LLC now owns 947 shares of the company’s stock valued at $292,000 after buying an additional 33 shares during the last quarter. Finally, Darwin Wealth Management LLC grew its position in GE Aerospace by 2.0% in the fourth quarter. Darwin Wealth Management LLC now owns 1,699 shares of the company’s stock worth $523,000 after acquiring an additional 33 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

GE Aerospace Trading Up 1.0%

Shares of GE stock opened at $317.73 on Thursday. 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 business has a 50-day moving average of $294.84 and a 200 day moving average of $305.47. The stock has a market capitalization of $331.50 billion, a PE ratio of 39.13, a P/E/G ratio of 2.92 and a beta of 1.36. GE Aerospace has a 1-year low of $232.24 and a 1-year high of $348.48.

GE Aerospace (NYSE:GE) last posted its quarterly earnings results on Tuesday, April 21st. The company reported $1.86 EPS for the quarter, beating analysts’ consensus estimates 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 revenue was up 24.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.49 EPS. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. As a group, sell-side analysts anticipate that GE Aerospace will post 7.46 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Daiwa Securities Group began coverage on shares of GE Aerospace in a research report on Tuesday, March 31st. They issued a “neutral” rating and a $301.00 price target on the stock. Zacks Research lowered GE Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. President Capital cut their price target on GE Aerospace from $355.00 to $342.00 and set a “buy” rating for the company in a report on Wednesday, April 22nd. Jefferies Financial Group reissued a “buy” rating on shares of GE Aerospace in a report on Wednesday. Finally, Citigroup lowered their target price on shares of GE Aerospace from $380.00 to $353.00 and set a “buy” rating for the company in a research note on Wednesday, April 1st. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $348.22.

GE Aerospace Company 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.