J.W. Cole Advisors Inc. reduced its stake in shares of GE Aerospace (NYSE:GE – Free Report) by 4.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 63,947 shares of the company’s stock after selling 3,106 shares during the period. J.W. Cole Advisors Inc.’s holdings in GE Aerospace were worth $19,698,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in the stock. Prudential PLC lifted its stake in shares of GE Aerospace by 6,399.8% during the fourth quarter. Prudential PLC now owns 131,946 shares of the company’s stock worth $40,643,000 after buying an additional 129,916 shares during the period. Vise Technologies Inc. lifted its position in GE Aerospace by 33.5% during the fourth quarter. Vise Technologies Inc. now owns 35,731 shares of the company’s stock valued at $11,006,000 after purchasing an additional 8,964 shares during the period. Daiwa Securities Group Inc. lifted its position in GE Aerospace by 12.0% during the fourth quarter. Daiwa Securities Group Inc. now owns 197,921 shares of the company’s stock valued at $60,966,000 after purchasing an additional 21,246 shares during the period. Sittner & Nelson LLC lifted its position in GE Aerospace by 9.0% during the fourth quarter. Sittner & Nelson LLC now owns 1,436 shares of the company’s stock valued at $461,000 after purchasing an additional 119 shares during the period. Finally, Verus Capital Partners LLC lifted its position in GE Aerospace by 3.6% during the fourth quarter. Verus Capital Partners LLC now owns 1,278 shares of the company’s stock valued at $394,000 after purchasing an additional 45 shares during the period. 74.77% of the stock is currently owned by institutional investors and hedge funds.
GE Aerospace Stock Up 4.4%
GE opened at $328.53 on Friday. GE Aerospace has a fifty-two week low of $232.24 and a fifty-two week 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. The company has a fifty day moving average of $298.20 and a two-hundred day moving average of $306.06. The stock has a market capitalization of $342.77 billion, a price-to-earnings ratio of 40.46, a PEG 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
Wall Street Analysts Forecast Growth
GE has been the subject of a number of research reports. Daiwa Securities Group initiated coverage on shares of GE Aerospace in a research report on Tuesday, March 31st. They set a “neutral” rating and a $301.00 target price for the company. Sanford C. Bernstein boosted their target price on shares of GE Aerospace from $374.00 to $405.00 and gave the company an “outperform” rating in a research report on Tuesday, March 3rd. Wells Fargo & Company initiated coverage on shares of GE Aerospace in a research report on Wednesday, April 1st. They set an “overweight” rating and a $325.00 target price for the company. Citigroup decreased 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 report on Wednesday, April 1st. Finally, UBS Group decreased their target price on shares of GE Aerospace from $357.00 to $350.00 and set a “buy” rating for the company in a research 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 assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $348.22.
Get Our Latest Report on GE Aerospace
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.
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