World Investment Advisors Has $6.85 Million Position in GE Aerospace $GE

World Investment Advisors increased its stake in GE Aerospace (NYSE:GEFree Report) by 64.0% in the 4th quarter, Holdings Channel reports. The firm owned 22,246 shares of the company’s stock after purchasing an additional 8,684 shares during the period. World Investment Advisors’ holdings in GE Aerospace were worth $6,852,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GE. Auto Owners Insurance Co lifted its holdings in GE Aerospace by 52,247.5% in the 4th quarter. Auto Owners Insurance Co now owns 65,721,281 shares of the company’s stock worth $2,024,413,000 after purchasing an additional 65,595,733 shares during the last quarter. Norges Bank acquired a new stake in GE Aerospace in the 4th quarter worth approximately $4,444,736,000. Capital World Investors lifted its holdings in GE Aerospace by 16.2% in the 3rd quarter. Capital World Investors now owns 21,442,810 shares of the company’s stock worth $6,449,731,000 after purchasing an additional 2,995,054 shares during the last quarter. Corient Private Wealth LLC lifted its holdings in shares of GE Aerospace by 382.1% during the fourth quarter. Corient Private Wealth LLC now owns 2,757,281 shares of the company’s stock worth $849,325,000 after buying an additional 2,185,321 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of GE Aerospace by 1,200.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,847,011 shares of the company’s stock worth $568,935,000 after buying an additional 1,705,005 shares during the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.

GE Aerospace News Summary

Here are the key news stories impacting GE Aerospace this week:

GE Aerospace Stock Performance

Shares of NYSE GE opened at $294.89 on Thursday. The business has a fifty day simple moving average of $299.34 and a 200 day simple moving average of $306.18. The company has a current ratio of 1.01, a quick ratio of 0.70 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $307.67 billion, a price-to-earnings ratio of 36.32, a PEG ratio of 2.76 and a beta of 1.36. GE Aerospace has a one year low of $220.45 and a one year high of $348.48.

GE Aerospace (NYSE:GEGet Free Report) last issued its earnings results on Tuesday, April 21st. The company reported $1.86 EPS 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 return on equity of 37.99% and a net margin of 17.86%.GE Aerospace’s revenue was up 24.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.49 earnings per share. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. Sell-side analysts expect that GE Aerospace will post 7.46 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on GE. JPMorgan Chase & Co. upped their price target on GE Aerospace from $325.00 to $335.00 and gave the stock an “overweight” rating in a report on Monday, January 26th. TD Cowen cut their price target on GE Aerospace from $350.00 to $330.00 and set a “buy” rating for the company in a report on Wednesday, April 8th. Sanford C. Bernstein upped their price target on GE Aerospace from $374.00 to $405.00 and gave the stock an “outperform” rating in a report on Tuesday, March 3rd. Deutsche Bank Aktiengesellschaft upped their price target on GE Aerospace from $375.00 to $387.00 and gave the stock a “buy” rating in a report on Friday, January 23rd. Finally, Susquehanna reiterated a “positive” rating and set a $380.00 price target on shares of GE Aerospace in a report on Thursday, January 15th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $349.89.

Get Our Latest Analysis on GE

GE Aerospace Profile

(Free Report)

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.

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Institutional Ownership by Quarter for GE Aerospace (NYSE:GE)

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