Fidelis Capital Partners LLC Raises Holdings in GE Aerospace $GE

Fidelis Capital Partners LLC raised its holdings in GE Aerospace (NYSE:GEFree Report) by 25.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,438 shares of the company’s stock after purchasing an additional 4,808 shares during the quarter. Fidelis Capital Partners LLC’s holdings in GE Aerospace were worth $7,220,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Ledyard National Bank lifted its stake in GE Aerospace by 1.2% during the 3rd quarter. Ledyard National Bank now owns 2,754 shares of the company’s stock worth $828,000 after acquiring an additional 33 shares in the last quarter. Hardy Reed LLC raised its position in GE Aerospace by 0.7% in the 3rd quarter. Hardy Reed LLC now owns 4,999 shares of the company’s stock valued at $1,504,000 after purchasing an additional 33 shares in the last quarter. Wolff Wiese Magana LLC increased its stake in shares of GE Aerospace by 1.0% during the fourth quarter. Wolff Wiese Magana LLC now owns 3,474 shares of the company’s stock worth $1,070,000 after buying an additional 33 shares during the period. Montz Harcus Wealth Management LLC increased its stake in shares of GE Aerospace by 3.6% during the fourth quarter. Montz Harcus Wealth Management LLC now owns 947 shares of the company’s stock worth $292,000 after buying an additional 33 shares during the period. Finally, Darwin Wealth Management LLC lifted its stake in GE Aerospace by 2.0% in the fourth quarter. Darwin Wealth Management LLC now owns 1,699 shares of the company’s stock worth $523,000 after acquiring an additional 33 shares during the last quarter. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Royal Bank Of Canada reissued an “outperform” rating and issued a $355.00 price objective on shares of GE Aerospace in a research report on Wednesday, May 20th. 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 research report on Wednesday, April 22nd. Citigroup dropped their target price on GE Aerospace from $380.00 to $353.00 and set a “buy” rating on the stock in a report on Wednesday, April 1st. Zacks Research downgraded GE Aerospace from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of GE Aerospace in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $348.22.

View Our Latest Stock Report on GE Aerospace

GE Aerospace Price Performance

Shares of GE opened at $317.73 on Thursday. The stock’s 50 day moving average is $294.84 and its two-hundred day moving average is $305.47. 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 $331.50 billion, a PE ratio of 39.13, a P/E/G ratio of 2.92 and a beta of 1.36. GE Aerospace has a twelve month low of $232.24 and a twelve month high of $348.48.

GE Aerospace (NYSE:GEGet Free Report) last issued its quarterly earnings data on Tuesday, April 21st. The company reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $0.26. GE Aerospace had a net margin of 17.86% and a return on equity of 37.99%. The business had revenue of $11.61 billion during the quarter, compared to analysts’ expectations of $11.61 billion. During the same period last year, the company posted $1.49 EPS. The company’s revenue was up 24.6% on a year-over-year basis. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. Research analysts anticipate that GE Aerospace will post 7.46 earnings per share for the current year.

About GE Aerospace

(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.

See Also

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

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