Legal & General Group Plc Sells 77,776 Shares of GE Aerospace $GE

Legal & General Group Plc lessened its holdings in shares of GE Aerospace (NYSE:GE) by 1.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,388,028 shares of the company’s stock after selling 77,776 shares during the quarter. Legal & General Group Plc’s holdings in GE Aerospace were worth $1,967,704,000 at the end of the most recent quarter.

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

GE Aerospace Stock Performance

NYSE GE opened at $302.13 on Monday. The company has a market cap of $315.22 billion, a P/E ratio of 37.21, a P/E/G ratio of 2.81 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. The business’s 50 day moving average price is $294.35 and its 200-day moving average price is $305.33. GE Aerospace has a fifty-two week low of $228.01 and a fifty-two week high of $348.48.

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

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Wall Street Zen downgraded GE Aerospace from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. TD Cowen cut their target price on GE Aerospace from $350.00 to $330.00 and set a “buy” rating on the stock in a research report on Wednesday, April 8th. Sanford C. Bernstein boosted their target price on GE Aerospace from $374.00 to $405.00 and gave the company an “outperform” rating in a research report on Tuesday, March 3rd. BNP Paribas Exane cut their target price on GE Aerospace from $300.00 to $270.00 and set an “underperform” rating on the stock in a research report on Thursday, May 14th. Finally, JPMorgan Chase & Co. boosted their target price on GE Aerospace from $325.00 to $335.00 and gave the company an “overweight” rating in a research report on Monday, January 26th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, two have assigned 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 an average target price 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.