Capital World Investors trimmed its position in shares of GE Aerospace (NYSE:GE – Free Report) by 0.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,240,724 shares of the company’s stock after selling 202,086 shares during the quarter. GE Aerospace accounts for 0.9% of Capital World Investors’ investment portfolio, making the stock its 25th largest holding. Capital World Investors owned 2.03% of GE Aerospace worth $6,543,102,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of the company. REAP Financial Group LLC purchased a new stake in GE Aerospace in the 3rd quarter valued at $25,000. Blueline Advisors LLC purchased a new stake in GE Aerospace in the 4th quarter valued at $25,000. Abich Financial Wealth Management LLC purchased a new stake in GE Aerospace in the 3rd quarter valued at $32,000. Tucker Asset Management LLC purchased a new stake in GE Aerospace in the 4th quarter valued at $32,000. Finally, Redmont Wealth Advisors LLC purchased a new stake in GE Aerospace in the 3rd quarter valued at $36,000. 74.77% of the stock is owned by institutional investors and hedge funds.
GE Aerospace Trading Up 0.3%
Shares of GE Aerospace stock opened at $328.69 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.01 and a quick ratio of 0.70. The firm has a market cap of $342.93 billion, a PE ratio of 40.48, a P/E/G ratio of 2.91 and a beta of 1.37. GE Aerospace has a 1 year low of $232.24 and a 1 year high of $348.48. The stock has a fifty day moving average price of $298.84 and a 200-day moving average price of $306.22.
Analyst Ratings Changes
A number of equities research analysts recently commented on GE shares. Weiss Ratings lowered GE Aerospace from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, June 1st. Citigroup lowered their price target 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. Zacks Research lowered GE Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Daiwa Securities Group started coverage on GE Aerospace in a research report on Tuesday, March 31st. They issued a “neutral” rating and a $301.00 price target for the company. Finally, TD Cowen lowered their price target on GE Aerospace from $350.00 to $330.00 and set a “buy” rating for the company in a research report on Wednesday, April 8th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, GE Aerospace presently has an average rating of “Moderate Buy” and a consensus price target of $348.22.
View Our Latest Analysis on GE
GE Aerospace News Roundup
Here are the key news stories impacting GE Aerospace this week:
- Positive Sentiment: GE Aerospace’s Commercial Engines unit saw orders surge 93% to $17.3 billion, underscoring strong demand and supporting expectations for continued growth. Strength in Commercial Engines Unit Drives GE Aerospace: A Sign for More Upside?
- Positive Sentiment: The U.S. Air Force awarded GE and Rolls-Royce work on “medium thrust” drone engines, adding another defense-related opportunity for GE Aerospace’s propulsion business. Air Force awards GE, Rolls-Royce for ‘medium thrust’ drone engines
- Positive Sentiment: GE Aerospace qualified 600-volt power systems for next-generation U.S. Army vehicles, highlighting progress in military electrification and creating a potential new revenue stream. GE Aerospace qualifies 600-volt power systems for next-generation US Army vehicles
- Positive Sentiment: British Airways and Air New Zealand chose GE’s GEnx engines for Boeing 787 fleets, which reinforces GE’s position in widebody aircraft engines and suggests airlines are favoring GE over rival Rolls-Royce. Airline Shift To GEnx Engines Puts GE Valuation In Sharper Focus
- Positive Sentiment: GE Aerospace is also drawing bullish commentary from analysts and market watchers who cite its long-term exposure to airlines, transport, and engines as an attractive growth story. Market expert sees opportunity in Toast, GE Aerospace
- Neutral Sentiment: Several broader sector and earnings recap articles continued to highlight GE Aerospace as a strong industrial performer, reinforcing momentum but not adding a specific new catalyst. Q1 Earnings Outperformers: GE Aerospace (NYSE:GE) And The Rest Of The General Industrial Machinery Stocks
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.
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