Artisan Partners Limited Partnership Sells 31,077 Shares of GE Aerospace $GE

Artisan Partners Limited Partnership lowered its stake in shares of GE Aerospace (NYSE:GE) by 5.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 554,847 shares of the company’s stock after selling 31,077 shares during the quarter. Artisan Partners Limited Partnership’s holdings in GE Aerospace were worth $170,910,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blueline Advisors LLC bought a new position in GE Aerospace during the fourth quarter worth about $25,000. Ankerstar Wealth LLC bought a new position in GE Aerospace during the fourth quarter worth about $31,000. Tucker Asset Management LLC bought a new position in GE Aerospace during the fourth quarter worth about $32,000. Redmont Wealth Advisors LLC bought a new position in GE Aerospace during the third quarter worth about $36,000. Finally, Legacy Bridge LLC boosted its position in GE Aerospace by 3,375.0% during the fourth quarter. Legacy Bridge LLC now owns 139 shares of the company’s stock worth $43,000 after purchasing an additional 135 shares during the period. Institutional investors own 74.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on GE shares. UBS Group cut their target price on shares of GE Aerospace from $357.00 to $350.00 and set a “buy” rating for the company in a research report on Wednesday, April 22nd. Morgan Stanley cut 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. Sanford C. Bernstein raised their price objective on shares of GE Aerospace from $374.00 to $405.00 and gave the company an “outperform” rating in a research report on Tuesday, March 3rd. Weiss Ratings lowered shares of GE Aerospace from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, June 1st. Finally, President Capital cut their price objective on shares of GE Aerospace from $355.00 to $342.00 and set a “buy” rating for the company in a research report on Wednesday, April 22nd. 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 assigned a Sell rating to the company’s stock. According to MarketBeat, GE Aerospace presently has a consensus rating of “Moderate Buy” and a consensus target price of $348.22.

GE Aerospace Trading Up 2.9%

Shares of GE opened at $352.10 on Wednesday. The firm’s 50 day simple moving average is $305.92 and its 200 day simple moving average is $308.18. The company has a market capitalization of $367.36 billion, a P/E ratio of 43.36, a P/E/G ratio of 3.03 and a beta of 1.37. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.01 and a quick ratio of 0.70. GE Aerospace has a 1-year low of $232.24 and a 1-year high of $352.88.

GE Aerospace (NYSE:GE) last announced its earnings results on Tuesday, April 21st. The company reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.26. The business had revenue of $11.61 billion for the quarter, compared to the consensus estimate of $11.61 billion. GE Aerospace had a net margin of 17.86% and a return on equity of 37.99%. GE Aerospace’s quarterly revenue was up 24.6% on a year-over-year basis. During the same period last year, the firm posted $1.49 earnings per share. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. Sell-side analysts forecast that GE Aerospace will post 7.48 earnings per share for the current fiscal year.

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.