Clark Capital Management Group Inc. Buys 2,382 Shares of GE Aerospace $GE

Clark Capital Management Group Inc. grew its stake in shares of GE Aerospace (NYSE:GE) by 0.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 388,384 shares of the company’s stock after acquiring an additional 2,382 shares during the period. Clark Capital Management Group Inc.’s holdings in GE Aerospace were worth $119,634,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of GE. Blueline Advisors LLC bought a new position in GE Aerospace in the fourth quarter worth approximately $25,000. Ankerstar Wealth LLC bought a new position in GE Aerospace in the fourth quarter worth approximately $31,000. Tucker Asset Management LLC bought a new position in GE Aerospace in the fourth quarter worth approximately $32,000. Redmont Wealth Advisors LLC bought a new position in GE Aerospace in the third quarter worth approximately $36,000. Finally, Beaird Harris Wealth Management LLC raised its stake in GE Aerospace by 72.0% in the third quarter. Beaird Harris Wealth Management LLC now owns 141 shares of the company’s stock worth $42,000 after buying an additional 59 shares in the last quarter. Institutional investors own 74.77% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on GE shares. 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. Weiss Ratings downgraded shares of GE Aerospace from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, June 1st. 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 reissued a “buy” rating on shares of GE Aerospace in a research note on Wednesday, May 27th. Finally, Wells Fargo & Company initiated 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. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, GE Aerospace has an average rating of “Moderate Buy” and an average target price of $348.22.

GE Aerospace Price Performance

NYSE GE opened at $352.10 on Wednesday. The firm’s fifty day simple moving average is $305.92 and its two-hundred day simple moving average is $308.18. The company has a current ratio of 1.01, a quick ratio of 0.70 and a debt-to-equity ratio of 0.99. GE Aerospace has a 12-month low of $232.24 and a 12-month high of $352.88. The firm has a market capitalization of $367.36 billion, a P/E ratio of 43.36, a P/E/G ratio of 3.03 and a beta of 1.37.

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

GE Aerospace 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.