Radnor Capital Management LLC raised its stake in shares of GE Aerospace (NYSE:GE – Free Report) by 7.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,918 shares of the company’s stock after purchasing an additional 1,945 shares during the quarter. GE Aerospace comprises 1.3% of Radnor Capital Management LLC’s holdings, making the stock its 12th biggest position. Radnor Capital Management LLC’s holdings in GE Aerospace were worth $8,908,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also made changes to their positions in GE. REAP Financial Group LLC purchased a new stake in shares of GE Aerospace during the third quarter valued at $25,000. Abich Financial Wealth Management LLC purchased a new position in GE Aerospace in the 3rd quarter worth $32,000. Tucker Asset Management LLC purchased a new position in GE Aerospace in the 4th quarter worth $32,000. Redmont Wealth Advisors LLC acquired a new stake in GE Aerospace during the 3rd quarter worth about $36,000. Finally, Strengthening Families & Communities LLC acquired a new stake in GE Aerospace during the 3rd quarter worth about $38,000. Hedge funds and other institutional investors own 74.77% of the company’s stock.
GE Aerospace Stock Up 1.5%
Shares of GE opened at $285.81 on Tuesday. The company has a market capitalization of $298.20 billion, a price-to-earnings ratio of 35.20, a PEG ratio of 2.62 and a beta of 1.36. GE Aerospace has a 52 week low of $228.01 and a 52 week high of $348.48. The stock’s 50-day moving average price is $296.50 and its 200-day moving average price is $305.70. The company has a quick ratio of 0.70, a current ratio of 1.01 and a debt-to-equity ratio of 0.99.
GE Aerospace News Roundup
Here are the key news stories impacting GE Aerospace this week:
- Positive Sentiment: Jim Cramer reiterated a bullish view on GE Aerospace, telling investors to “Buy” the stock and highlighting CEO Larry Culp’s leadership, which can reinforce confidence in the company’s turnaround and execution. Jim Cramer on GE Aerospace: “Buy, GE Is Larry Culp”
- Positive Sentiment: Unusual options activity showed a surge in call buying, suggesting traders are positioning for further upside in GE Aerospace shares.
- Positive Sentiment: GE Aerospace announced additional investment in its Pune manufacturing facility in India, signaling ongoing capacity expansion and long-term demand support for its engine and services businesses. GE Aerospace to invest ?100 crore in Pune manufacturing facility
- Positive Sentiment: Media coverage tied Boeing’s reported China aircraft deal to GE engines, reminding investors that GE Aerospace stands to benefit from aircraft delivery growth regardless of the airframe maker involved. Forget Boeing. Every Plane Trump Just Sold to China Needs a GE Engine and GE Is Already Making Money
- Neutral Sentiment: Brokerage sentiment remains favorable, with GE Aerospace receiving a consensus “Moderate Buy” rating from analysts. GE Aerospace Receives Consensus Recommendation of “Moderate Buy” from Brokerages
Analyst Upgrades and Downgrades
A number of research analysts have recently weighed in on the company. Jefferies Financial Group set a $365.00 price objective on GE Aerospace in a report on Sunday, April 26th. JPMorgan Chase & Co. lifted their target price on GE Aerospace from $325.00 to $335.00 and gave the stock an “overweight” rating in a report on Monday, January 26th. Weiss Ratings reiterated a “buy (b)” rating on shares of GE Aerospace in a research report on Thursday, January 22nd. The Goldman Sachs Group raised their price target on shares of GE Aerospace from $338.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. Finally, President Capital decreased 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 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $348.22.
Read Our Latest Stock Analysis on GE
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.
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