GE Aerospace $GE Shares Acquired by Allstate Corp

Allstate Corp lifted its position in shares of GE Aerospace (NYSE:GE) by 108.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 81,083 shares of the company’s stock after purchasing an additional 42,209 shares during the period. Allstate Corp’s holdings in GE Aerospace were worth $24,976,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. REAP Financial Group LLC acquired a new stake in shares of GE Aerospace during the 3rd quarter worth $25,000. Abich Financial Wealth Management LLC acquired a new stake in shares of GE Aerospace during the 3rd quarter worth $32,000. Tucker Asset Management LLC acquired a new stake in shares of GE Aerospace during the 4th quarter worth $32,000. Redmont Wealth Advisors LLC acquired a new stake in shares of GE Aerospace during the 3rd quarter worth $36,000. Finally, Strengthening Families & Communities LLC acquired a new stake in shares of GE Aerospace during the 3rd quarter worth $38,000. 74.77% of the stock is currently owned by institutional investors and hedge funds.

GE Aerospace Stock Down 0.2%

Shares of NYSE GE opened at $302.13 on Tuesday. GE Aerospace has a 12-month low of $228.01 and a 12-month high of $348.48. The company has a market cap of $315.22 billion, a P/E ratio of 37.21, a P/E/G ratio of 2.81 and a beta of 1.36. 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 stock has a fifty day moving average price of $294.27 and a 200 day moving average price of $305.31.

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, beating the consensus estimate of $1.60 by $0.26. The firm had revenue of $11.61 billion during the quarter, compared to the consensus estimate of $11.61 billion. GE Aerospace had a return on equity of 37.99% and a net margin of 17.86%.The firm’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.49 EPS. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. Research analysts anticipate that GE Aerospace will post 7.46 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on GE. Jefferies Financial Group set a $365.00 price objective on GE Aerospace in a report on Sunday, April 26th. TD Cowen dropped their price objective on GE Aerospace from $350.00 to $330.00 and set a “buy” rating for the company in a report on Wednesday, April 8th. Daiwa Securities Group began coverage on GE Aerospace in a report on Tuesday, March 31st. They set a “neutral” rating and a $301.00 price objective for the company. Royal Bank Of Canada restated an “outperform” rating and set a $355.00 price objective on shares of GE Aerospace in a report on Wednesday, May 20th. Finally, BNP Paribas Exane lowered their price target on GE Aerospace from $300.00 to $270.00 and set an “underperform” rating for the company in a report on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, GE Aerospace currently has an average rating of “Moderate Buy” and an average target price of $348.22.

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.