Geode Capital Management LLC Buys 312,880 Shares of GE Aerospace $GE

Geode Capital Management LLC grew its stake in shares of GE Aerospace (NYSE:GE) by 1.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 24,774,942 shares of the company’s stock after acquiring an additional 312,880 shares during the quarter. GE Aerospace comprises about 0.5% of Geode Capital Management LLC’s portfolio, making the stock its 27th biggest holding. Geode Capital Management LLC owned approximately 2.36% of GE Aerospace worth $7,615,200,000 as of its most recent filing with the SEC.

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

GE Aerospace Price Performance

Shares of GE stock opened at $317.73 on Thursday. The company has a quick ratio of 0.70, a current ratio of 1.01 and a debt-to-equity ratio of 0.99. GE Aerospace has a twelve month low of $232.24 and a twelve month high of $348.48. The company has a market cap of $331.50 billion, a P/E ratio of 39.13, a P/E/G ratio of 2.92 and a beta of 1.36. The business has a fifty day simple moving average of $294.84 and a 200 day simple moving average of $305.47.

GE Aerospace (NYSE:GE) last announced its quarterly earnings data on Tuesday, April 21st. The company reported $1.86 earnings per share 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 period in the prior year, the company earned $1.49 EPS. GE Aerospace’s revenue for the quarter was up 24.6% on a year-over-year basis. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. On average, sell-side analysts forecast that GE Aerospace will post 7.46 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on GE shares. UBS Group dropped their price objective on GE Aerospace from $357.00 to $350.00 and set a “buy” rating for the company in a research report on Wednesday, April 22nd. Royal Bank Of Canada restated an “outperform” rating and set a $355.00 price objective on shares of GE Aerospace in a research report on Wednesday, May 20th. President Capital dropped 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. Wells Fargo & Company started coverage on GE Aerospace in a research report on Wednesday, April 1st. They set an “overweight” rating and a $325.00 price objective for the company. Finally, Citigroup dropped their price objective on GE Aerospace from $380.00 to $353.00 and set a “buy” rating for the company in a research report on Wednesday, April 1st. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $348.22.

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.