2,602 Shares in GE Aerospace $GE Bought by Fieldview Capital Management LLC

Fieldview Capital Management LLC purchased a new position in GE Aerospace (NYSE:GE) in the fourth quarter, Holdings Channel.com reports. The fund purchased 2,602 shares of the company’s stock, valued at approximately $801,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blueline Advisors LLC purchased a new stake in GE Aerospace in the fourth quarter worth $25,000. Ankerstar Wealth LLC purchased a new stake in GE Aerospace in the fourth quarter worth $31,000. Tucker Asset Management LLC purchased a new stake in GE Aerospace in the fourth quarter worth $32,000. Abich Financial Wealth Management LLC purchased a new stake in GE Aerospace in the third quarter worth $32,000. Finally, Redmont Wealth Advisors LLC purchased a new stake in GE Aerospace in the third quarter worth $36,000. Hedge funds and other institutional investors own 74.77% of the company’s stock.

GE Aerospace Price Performance

Shares of NYSE:GE opened at $342.40 on Tuesday. GE Aerospace has a 1-year low of $232.24 and a 1-year high of $348.90. 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 fifty day moving average price of $304.50 and a 200-day moving average price of $307.80. The company has a market capitalization of $357.24 billion, a PE ratio of 42.17, a PEG ratio of 2.97 and a beta of 1.37.

GE Aerospace (NYSE:GE) last issued its quarterly earnings results on Tuesday, April 21st. The company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.26. GE Aerospace had a return on equity of 37.99% and a net margin of 17.86%.The firm had revenue of $11.61 billion during the quarter, compared to the consensus estimate of $11.61 billion. During the same period last year, the company earned $1.49 earnings per share. The company’s revenue 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 analysts expect that GE Aerospace will post 7.48 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on GE. Weiss Ratings downgraded GE Aerospace from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, June 1st. Zacks Research downgraded GE Aerospace from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. President Capital decreased their price objective on GE Aerospace from $355.00 to $342.00 and set a “buy” rating for the company in a report on Wednesday, April 22nd. TD Cowen decreased their price objective on GE Aerospace from $350.00 to $330.00 and set a “buy” rating for the company in a report on Wednesday, April 8th. Finally, Citigroup decreased their price objective on GE Aerospace from $380.00 to $353.00 and set a “buy” rating for the company in a report on Wednesday, April 1st. One 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 given a Sell rating to the stock. Based on data from MarketBeat, GE Aerospace presently has an average rating of “Moderate Buy” and a consensus price target 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.