Nalls Sherbakoff Group LLC Buys Shares of 2,323 GE Aerospace $GE

Nalls Sherbakoff Group LLC purchased a new stake in GE Aerospace (NYSE:GE) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 2,323 shares of the company’s stock, valued at approximately $715,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in GE. Blueline Advisors LLC acquired a new position in GE Aerospace in the fourth quarter valued at approximately $25,000. Ankerstar Wealth LLC purchased a new position in GE Aerospace in the fourth quarter worth approximately $31,000. Tucker Asset Management LLC acquired a new stake in GE Aerospace during the fourth quarter worth $32,000. Redmont Wealth Advisors LLC acquired a new stake in GE Aerospace during the third quarter worth $36,000. Finally, Lifetime Wealth Management P.C. purchased a new stake in GE Aerospace in the fourth quarter valued at $40,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

Wall Street Analyst Weigh In

GE has been the topic of several recent analyst reports. UBS Group decreased their price target on GE Aerospace from $357.00 to $350.00 and set a “buy” rating on the stock in a research note on Wednesday, April 22nd. President Capital cut their price objective on GE Aerospace from $355.00 to $342.00 and set a “buy” rating for the company in a research report on Wednesday, April 22nd. Zacks Research lowered shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. Weiss Ratings lowered shares of GE Aerospace from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, June 1st. Finally, Sanford C. Bernstein upped their target price on shares of GE Aerospace from $374.00 to $405.00 and gave the company an “outperform” rating in a research report on Tuesday, March 3rd. One equities research 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 company’s stock. Based on data from MarketBeat, GE Aerospace currently has an average rating of “Moderate Buy” and an average price target of $348.22.

GE Aerospace Stock Up 0.3%

GE Aerospace stock opened at $358.77 on Friday. The company has a market capitalization of $374.32 billion, a PE ratio of 44.18, a price-to-earnings-growth ratio of 3.17 and a beta of 1.37. 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 has a fifty-two week low of $236.51 and a fifty-two week high of $364.70. The firm has a 50 day moving average price of $309.71 and a 200 day moving average price of $309.38.

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

About GE Aerospace

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.