Evolve Private Wealth LLC Makes New Investment in GE Aerospace $GE

Evolve Private Wealth LLC acquired a new position in GE Aerospace (NYSE:GE) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 10,482 shares of the company’s stock, valued at approximately $3,233,000.

Several other institutional investors and hedge funds have also recently modified their holdings of GE. Ehrenkranz Partners L.P. bought a new stake in GE Aerospace during the fourth quarter valued at about $383,000. Engineers Gate Manager LP grew its position in shares of GE Aerospace by 315.1% during the fourth quarter. Engineers Gate Manager LP now owns 5,570 shares of the company’s stock worth $1,716,000 after purchasing an additional 4,228 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. raised its stake in GE Aerospace by 3.9% during the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 38,250 shares of the company’s stock valued at $11,801,000 after purchasing an additional 1,451 shares during the period. Boothbay Fund Management LLC lifted its holdings in GE Aerospace by 322.0% in the 4th quarter. Boothbay Fund Management LLC now owns 8,250 shares of the company’s stock worth $2,541,000 after purchasing an additional 6,295 shares in the last quarter. Finally, Align Financial LLC purchased a new stake in GE Aerospace during the 4th quarter valued at approximately $5,219,000. 74.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on GE. Zacks Research downgraded shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. Citigroup reduced their price target on shares of GE Aerospace from $380.00 to $353.00 and set a “buy” rating on the stock in a report on Wednesday, April 1st. BNP Paribas Exane dropped their price target on GE Aerospace from $300.00 to $270.00 and set an “underperform” rating for the company in a research note on Thursday, May 14th. Seaport Research Partners assumed coverage on shares of GE Aerospace in a report on Tuesday, May 26th. They issued a “buy” rating and a $375.00 target price on the stock. Finally, Sanford C. Bernstein lifted their target price on GE Aerospace from $374.00 to $405.00 and gave the stock an “outperform” rating in a report on Tuesday, March 3rd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $348.22.

GE Aerospace Price Performance

GE stock opened at $356.84 on Thursday. The stock has a market cap of $372.31 billion, a PE ratio of 43.95, a P/E/G ratio of 3.12 and a beta of 1.37. GE Aerospace has a 12 month low of $232.24 and a 12 month high of $362.33. The company has a 50-day moving average price of $307.29 and a 200 day moving average price of $308.61. The company has a current ratio of 1.01, a quick ratio of 0.70 and a debt-to-equity ratio of 0.99.

GE Aerospace (NYSE:GE) last posted its quarterly earnings data on Tuesday, April 21st. The company reported $1.86 earnings per share for the quarter, topping 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 firm’s revenue for the quarter was up 24.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.49 EPS. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. Equities research analysts anticipate that GE Aerospace will post 7.48 earnings per share for the current year.

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.