VIRGINIA RETIREMENT SYSTEMS ET Al Sells 15,520 Shares of GE Aerospace $GE

VIRGINIA RETIREMENT SYSTEMS ET Al lessened its stake in shares of GE Aerospace (NYSE:GE) by 5.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 258,380 shares of the company’s stock after selling 15,520 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in GE Aerospace were worth $79,589,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in GE. Phoenix Financial Ltd. lifted its stake in GE Aerospace by 34.3% in the third quarter. Phoenix Financial Ltd. now owns 22,632 shares of the company’s stock worth $6,808,000 after purchasing an additional 5,775 shares during the last quarter. Integrity Financial Corp WA bought a new stake in GE Aerospace in the third quarter worth about $481,000. Prime Capital Investment Advisors LLC lifted its stake in GE Aerospace by 23.6% in the third quarter. Prime Capital Investment Advisors LLC now owns 51,105 shares of the company’s stock worth $15,373,000 after purchasing an additional 9,750 shares during the last quarter. HORAN Wealth LLC lifted its stake in GE Aerospace by 667.0% in the third quarter. HORAN Wealth LLC now owns 10,194 shares of the company’s stock worth $3,066,000 after purchasing an additional 8,865 shares during the last quarter. Finally, Prospera Financial Services Inc lifted its stake in GE Aerospace by 18.1% in the third quarter. Prospera Financial Services Inc now owns 47,706 shares of the company’s stock worth $14,354,000 after purchasing an additional 7,315 shares during the last quarter. Institutional investors own 74.77% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on GE. Wells Fargo & Company began coverage on shares of GE Aerospace in a research note on Wednesday, April 1st. They issued an “overweight” rating and a $325.00 price objective for the company. Citigroup decreased their price objective on shares of GE Aerospace from $380.00 to $353.00 and set a “buy” rating for the company in a research note on Wednesday, April 1st. Sanford C. Bernstein raised their price objective on shares of GE Aerospace from $374.00 to $405.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 3rd. Jefferies Financial Group set a $365.00 price objective on shares of GE Aerospace in a research note on Sunday, April 26th. Finally, Morgan Stanley decreased their price target on shares of GE Aerospace from $425.00 to $400.00 and set an “overweight” rating for the company in a research note on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, GE Aerospace has a consensus rating of “Moderate Buy” and an average price target of $349.89.

GE Aerospace Stock Performance

GE Aerospace stock opened at $297.51 on Wednesday. The company has a 50 day moving average price of $300.37 and a 200-day moving average price of $306.26. GE Aerospace has a fifty-two week low of $219.30 and a fifty-two week high of $348.48. The company has a market capitalization of $310.40 billion, a PE ratio of 36.64, a P/E/G ratio of 2.80 and a beta of 1.36. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.70 and a current ratio of 1.01.

GE Aerospace (NYSE:GE) last issued its quarterly earnings data on Tuesday, April 21st. The company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. GE Aerospace’s revenue was up 24.6% compared to the same quarter last year. During the same period last year, the company posted $1.49 earnings per share. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. As a group, equities analysts forecast 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.