GE Aerospace $GE Shares Sold by National Pension Service

National Pension Service cut its stake in GE Aerospace (NYSE:GE) by 0.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,374,686 shares of the company’s stock after selling 16,995 shares during the period. National Pension Service’s holdings in GE Aerospace were worth $731,475,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of GE. REAP Financial Group LLC acquired a new stake in shares of GE Aerospace in the third quarter worth approximately $25,000. Abich Financial Wealth Management LLC acquired a new stake in shares of GE Aerospace in the third quarter worth approximately $32,000. Tucker Asset Management LLC acquired a new stake in shares of GE Aerospace in the fourth quarter worth approximately $32,000. Redmont Wealth Advisors LLC acquired a new stake in shares of GE Aerospace in the third quarter worth approximately $36,000. Finally, Strengthening Families & Communities LLC acquired a new stake in shares of GE Aerospace in the third quarter worth approximately $38,000. 74.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on GE. Royal Bank Of Canada restated an “outperform” rating and set a $355.00 price target on shares of GE Aerospace in a research note on Wednesday, May 20th. Wall Street Zen lowered GE Aerospace from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. President Capital dropped their price target on GE Aerospace from $355.00 to $342.00 and set a “buy” rating for the company in a research note on Wednesday, April 22nd. Daiwa Securities Group began coverage on GE Aerospace in a research note on Tuesday, March 31st. They set a “neutral” rating and a $301.00 price target for the company. Finally, Jefferies Financial Group restated a “buy” rating on shares of GE Aerospace in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $348.22.

GE Aerospace Price Performance

GE stock opened at $320.45 on Friday. The firm has a market cap of $334.34 billion, a P/E ratio of 39.46, a price-to-earnings-growth ratio of 2.95 and a beta of 1.36. The stock has a 50-day simple moving average of $295.20 and a 200-day simple moving average of $305.56. GE Aerospace has a 1 year low of $232.24 and a 1 year high of $348.48. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.70 and a current ratio of 1.01.

GE Aerospace (NYSE:GE) last posted its quarterly earnings data 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. The company had revenue of $11.61 billion for 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 business’s quarterly revenue was up 24.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.49 earnings per share. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. On average, equities analysts predict that GE Aerospace will post 7.46 earnings per share for the current fiscal year.

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.