Pincus Capital Management LP Purchases Shares of 7,025 GE Aerospace $GE

Pincus Capital Management LP purchased a new stake in GE Aerospace (NYSE:GE) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 7,025 shares of the company’s stock, valued at approximately $2,164,000. GE Aerospace accounts for about 1.4% of Pincus Capital Management LP’s holdings, making the stock its 16th biggest holding.

Other institutional investors have also recently added to or reduced their stakes in the company. REAP Financial Group LLC acquired a new position in GE Aerospace in the third quarter valued at approximately $25,000. Blueline Advisors LLC acquired a new position in GE Aerospace in the fourth quarter valued at approximately $25,000. Tucker Asset Management LLC acquired a new position in GE Aerospace in the fourth quarter valued at approximately $32,000. Abich Financial Wealth Management LLC acquired a new position in GE Aerospace in the third quarter valued at approximately $32,000. Finally, Redmont Wealth Advisors LLC acquired a new position in GE Aerospace in the third quarter valued at approximately $36,000. 74.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on GE. Citigroup dropped their price target on GE Aerospace from $380.00 to $353.00 and set a “buy” rating on the stock in a research note on Wednesday, April 1st. Morgan Stanley dropped their price target on GE Aerospace from $425.00 to $400.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 22nd. Royal Bank Of Canada reissued an “outperform” rating and issued a $355.00 price target on shares of GE Aerospace in a research note on Wednesday, May 20th. Jefferies Financial Group restated a “buy” rating on shares of GE Aerospace in a report on Wednesday, May 27th. Finally, Zacks Research downgraded GE Aerospace from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $348.22.

GE Aerospace Trading Up 0.2%

Shares of GE Aerospace stock opened at $324.41 on Tuesday. The stock has a fifty day simple moving average of $296.32 and a 200 day simple moving average of $305.74. GE Aerospace has a 12-month low of $232.24 and a 12-month high of $348.48. The company has a market capitalization of $338.47 billion, a P/E ratio of 39.95, a price-to-earnings-growth ratio of 3.00 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.

GE Aerospace (NYSE:GE) last announced 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 return on equity of 37.99% and a net margin of 17.86%.The business had revenue of $11.61 billion during the quarter, compared to the consensus estimate of $11.61 billion. During the same quarter in the prior year, the company posted $1.49 earnings per share. GE Aerospace’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. On average, sell-side analysts anticipate that GE Aerospace will post 7.47 earnings per share for the current fiscal 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.