SHP Wealth Management Invests $510,000 in GE Aerospace $GE

SHP Wealth Management purchased a new position in shares of GE Aerospace (NYSE:GE) in the 4th quarter, Holdings Channel.com reports. The firm purchased 1,655 shares of the company’s stock, valued at approximately $510,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of GE Aerospace by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 92,731,541 shares of the company’s stock worth $28,564,097,000 after buying an additional 699,364 shares in the last quarter. State Street Corp raised its position in shares of GE Aerospace by 1.5% in the fourth quarter. State Street Corp now owns 45,240,802 shares of the company’s stock valued at $13,951,570,000 after buying an additional 663,160 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of GE Aerospace by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 24,774,942 shares of the company’s stock worth $7,615,200,000 after buying an additional 312,880 shares in the last quarter. Capital World Investors lifted its stake in shares of GE Aerospace by 16.2% in the third quarter. Capital World Investors now owns 21,442,810 shares of the company’s stock worth $6,449,731,000 after buying an additional 2,995,054 shares in the last quarter. Finally, Norges Bank acquired a new position in GE Aerospace during the fourth quarter worth about $4,444,736,000. 74.77% of the stock is owned by institutional investors and hedge funds.

GE Aerospace Price Performance

Shares of GE stock opened at $358.77 on Friday. The firm’s 50-day moving average is $309.71 and its two-hundred day moving average is $309.38. GE Aerospace has a 12 month low of $236.51 and a 12 month high of $364.70. 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 company has a market capitalization of $374.32 billion, a PE ratio of 44.18, a price-to-earnings-growth ratio of 3.17 and a beta of 1.37.

GE Aerospace (NYSE:GE) last announced its quarterly earnings results on Tuesday, April 21st. The company reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.26. The business had revenue of $11.61 billion during the quarter, compared to the consensus estimate of $11.61 billion. GE Aerospace had a net margin of 17.86% and a return on equity of 37.99%. The business’s revenue was up 24.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.49 EPS. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. Analysts predict that GE Aerospace will post 7.48 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on GE. Royal Bank Of Canada reiterated an “outperform” rating and issued a $355.00 price objective on shares of GE Aerospace in a report on Wednesday, May 20th. Sanford C. Bernstein boosted 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. UBS Group dropped their price target on GE Aerospace from $357.00 to $350.00 and set a “buy” rating for the company in a research report on Wednesday, April 22nd. Citigroup cut their price target on GE Aerospace from $380.00 to $353.00 and set a “buy” rating for the company in a report on Wednesday, April 1st. Finally, Wall Street Zen downgraded GE Aerospace from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. One 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average 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.