Marble Wealth LLC Invests $6.34 Million in GE Aerospace $GE

Marble Wealth LLC purchased a new position in GE Aerospace (NYSE:GE) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 20,589 shares of the company’s stock, valued at approximately $6,342,000. GE Aerospace makes up about 0.9% of Marble Wealth LLC’s investment portfolio, making the stock its 27th biggest holding.

A number of other hedge funds have also recently made changes to their positions in the stock. Rational Advisors Inc. boosted its position in shares of GE Aerospace by 85.2% in the 4th quarter. Rational Advisors Inc. now owns 3,194 shares of the company’s stock worth $984,000 after purchasing an additional 1,469 shares in the last quarter. Kesler Norman & Wride LLC raised its holdings in GE Aerospace by 3.6% in the 4th quarter. Kesler Norman & Wride LLC now owns 2,149 shares of the company’s stock worth $662,000 after acquiring an additional 74 shares during the last quarter. Bridges Investment Management Inc. raised its holdings in GE Aerospace by 1.5% in the 4th quarter. Bridges Investment Management Inc. now owns 9,744 shares of the company’s stock worth $3,001,000 after acquiring an additional 140 shares during the last quarter. Peak Retirement Planning Inc. raised its holdings in GE Aerospace by 2.5% in the 4th quarter. Peak Retirement Planning Inc. now owns 3,812 shares of the company’s stock worth $1,174,000 after acquiring an additional 93 shares during the last quarter. Finally, Calton & Associates Inc. raised its holdings in GE Aerospace by 2.6% in the 4th quarter. Calton & Associates Inc. now owns 1,735 shares of the company’s stock worth $534,000 after acquiring an additional 44 shares during the last quarter. 74.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. 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 report on Wednesday, April 22nd. Sanford C. Bernstein boosted their price objective on shares of GE Aerospace from $374.00 to $405.00 and gave the stock an “outperform” rating in a report on Tuesday, March 3rd. Wall Street Zen lowered shares of GE Aerospace from a “buy” rating to a “hold” rating in a report on Monday, April 27th. Royal Bank Of Canada restated an “outperform” rating and issued a $355.00 price objective on shares of GE Aerospace in a report on Wednesday, May 20th. Finally, Morgan Stanley decreased their price objective on shares of GE Aerospace from $425.00 to $400.00 and set an “overweight” rating for the company in a report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $348.22.

GE Aerospace Price Performance

Shares of GE opened at $318.09 on Wednesday. The firm has a market cap of $331.88 billion, a PE ratio of 39.17, a P/E/G ratio of 3.01 and a beta of 1.37. The company has a current ratio of 1.01, a quick ratio of 0.70 and a debt-to-equity ratio of 0.99. The firm has a fifty day simple moving average of $296.32 and a two-hundred day simple moving average of $305.74. GE Aerospace has a 1-year low of $232.24 and a 1-year high of $348.48.

GE Aerospace (NYSE:GE) last announced its earnings results on Tuesday, April 21st. The company reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.26. The business had revenue of $11.61 billion during 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%. The company’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.49 EPS. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. On average, equities analysts anticipate that GE Aerospace will post 7.47 EPS 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.