Washington Trust Bank Has $6.17 Million Stock Holdings in GE Aerospace $GE

Washington Trust Bank raised its holdings in GE Aerospace (NYSE:GE) by 1,824.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,014 shares of the company’s stock after acquiring an additional 18,974 shares during the quarter. Washington Trust Bank’s holdings in GE Aerospace were worth $6,165,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Money Concepts Capital Corp lifted its stake in GE Aerospace by 6.1% in the fourth quarter. Money Concepts Capital Corp now owns 5,389 shares of the company’s stock valued at $1,660,000 after acquiring an additional 310 shares during the last quarter. Tsfg LLC lifted its stake in GE Aerospace by 16.3% in the fourth quarter. Tsfg LLC now owns 478 shares of the company’s stock valued at $147,000 after acquiring an additional 67 shares during the last quarter. Settian Capital LP acquired a new stake in GE Aerospace in the fourth quarter valued at approximately $924,000. Strategic Planning Group LLC lifted its stake in GE Aerospace by 8.3% in the fourth quarter. Strategic Planning Group LLC now owns 27,203 shares of the company’s stock valued at $8,380,000 after acquiring an additional 2,094 shares during the last quarter. Finally, AG2R LA Mondiale Gestion D Actifs lifted its stake in shares of GE Aerospace by 6.2% in the fourth quarter. AG2R LA Mondiale Gestion D Actifs now owns 42,215 shares of the company’s stock worth $13,003,000 after buying an additional 2,480 shares during the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GE has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of GE Aerospace from $375.00 to $387.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Wall Street Zen cut shares of GE Aerospace from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. UBS Group reduced their price objective on shares of GE Aerospace from $357.00 to $350.00 and set a “buy” rating for the company in a research note on Wednesday, April 22nd. Jefferies Financial Group set a $365.00 price objective on shares of GE Aerospace in a research note on Sunday, April 26th. Finally, President Capital reduced their price objective on shares of GE Aerospace from $355.00 to $342.00 and set a “buy” rating for the company in a research note on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, GE Aerospace presently has a consensus rating of “Moderate Buy” and an average price target of $349.89.

GE Aerospace Price Performance

NYSE:GE opened at $301.00 on Tuesday. The stock has a market cap of $314.04 billion, a P/E ratio of 37.07, a PEG ratio of 2.76 and a beta of 1.36. GE Aerospace has a one year low of $211.15 and a one year high of $348.48. The company has a fifty day moving average price of $301.25 and a 200 day moving average price of $306.26. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.01 and a quick ratio of 0.70.

GE Aerospace (NYSE:GE) last released its earnings results on Tuesday, April 21st. The company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.60 by $0.26. The firm had revenue of $11.61 billion during the quarter, compared to analysts’ expectations of $11.61 billion. GE Aerospace had a net margin of 17.86% and a return on equity of 37.99%. The business’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.49 EPS. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. Analysts anticipate that GE Aerospace will post 7.46 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.