GE Aerospace $GE Stock Position Raised by Swedbank AB

Swedbank AB lifted its holdings in shares of GE Aerospace (NYSE:GE) by 16.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 361,015 shares of the company’s stock after buying an additional 50,984 shares during the period. Swedbank AB’s holdings in GE Aerospace were worth $111,203,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of GE. REAP Financial Group LLC acquired a new stake in shares of GE Aerospace in the third quarter valued at approximately $25,000. Abich Financial Wealth Management LLC acquired a new stake in shares of GE Aerospace in the third quarter valued at approximately $32,000. Tucker Asset Management LLC acquired a new stake in shares of GE Aerospace in the fourth quarter valued at approximately $32,000. Redmont Wealth Advisors LLC acquired a new stake in shares of GE Aerospace in the third quarter valued at approximately $36,000. Finally, Strengthening Families & Communities LLC acquired a new stake in shares of GE Aerospace in the third quarter valued at approximately $38,000. Institutional investors own 74.77% of the company’s stock.

GE Aerospace Price Performance

NYSE GE opened at $302.13 on Friday. GE Aerospace has a 12 month low of $228.01 and a 12 month high of $348.48. 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 firm has a market capitalization of $315.22 billion, a PE ratio of 37.21, a P/E/G ratio of 2.81 and a beta of 1.36. The company’s 50 day simple moving average is $294.35 and its 200 day simple moving average is $305.35.

GE Aerospace (NYSE:GE) last posted its quarterly earnings data on Tuesday, April 21st. The company reported $1.86 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 business had revenue of $11.61 billion for the quarter, compared to analyst estimates of $11.61 billion. During the same quarter last year, the business earned $1.49 earnings per share. The business’s revenue for the quarter was up 24.6% on a year-over-year basis. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. As a group, equities research analysts forecast that GE Aerospace will post 7.46 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on GE shares. BNP Paribas Exane dropped their price target on shares of GE Aerospace from $300.00 to $270.00 and set an “underperform” rating on the stock in a research note on Thursday, May 14th. Citigroup dropped their price target on shares of GE Aerospace from $380.00 to $353.00 and set a “buy” rating on the stock in a research note on Wednesday, April 1st. President Capital dropped their price target on shares of GE Aerospace from $355.00 to $342.00 and set a “buy” rating on the stock in a research note on Wednesday, April 22nd. TD Cowen dropped their price target on shares of GE Aerospace from $350.00 to $330.00 and set a “buy” rating on the stock in a research note on Wednesday, April 8th. Finally, Daiwa Securities Group started coverage on shares of GE Aerospace in a research note on Tuesday, March 31st. They issued a “neutral” rating and a $301.00 price target on the stock. One equities research 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 stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $348.22.

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.