Legato Capital Management LLC Acquires Shares of 2,323 GE Aerospace $GE

Legato Capital Management LLC acquired a new stake in shares of GE Aerospace (NYSE:GE) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,323 shares of the company’s stock, valued at approximately $716,000.

Several other institutional investors have also added to or reduced their stakes in GE. REAP Financial Group LLC purchased a new stake in shares of GE Aerospace in the third quarter worth about $25,000. Abich Financial Wealth Management LLC purchased a new stake in shares of GE Aerospace in the third quarter worth about $32,000. Tucker Asset Management LLC purchased a new stake in shares of GE Aerospace in the fourth quarter worth about $32,000. Redmont Wealth Advisors LLC purchased a new stake in shares of GE Aerospace in the third quarter worth about $36,000. Finally, Strengthening Families & Communities LLC purchased a new stake in shares of GE Aerospace in the third quarter worth about $38,000. 74.77% of the stock is owned by hedge funds and other institutional investors.

GE Aerospace Stock Down 0.2%

GE stock opened at $302.13 on Tuesday. 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 company’s 50 day moving average is $294.27 and its 200 day moving average is $305.31. The stock has a market cap of $315.22 billion, a price-to-earnings ratio of 37.21, a price-to-earnings-growth ratio of 2.81 and a beta of 1.36. GE Aerospace has a 1-year low of $228.01 and a 1-year high of $348.48.

GE Aerospace (NYSE:GE) last posted 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. The company had revenue of $11.61 billion for the quarter, compared to analysts’ expectations of $11.61 billion. GE Aerospace had a net margin of 17.86% and a return on equity of 37.99%. GE Aerospace’s revenue for the quarter was up 24.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.49 earnings per share. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. Sell-side analysts predict that GE Aerospace will post 7.46 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on GE shares. Wall Street Zen downgraded shares of GE Aerospace from a “buy” rating to a “hold” rating in a report on Monday, April 27th. BNP Paribas Exane lowered their price target on shares of GE Aerospace from $300.00 to $270.00 and set an “underperform” rating on the stock in a report on Thursday, May 14th. Morgan Stanley lowered their price target on shares of GE Aerospace from $425.00 to $400.00 and set an “overweight” rating on the stock in a report on Wednesday, April 22nd. UBS Group lowered their price target on shares of GE Aerospace from $357.00 to $350.00 and set a “buy” rating on the stock in a report on Wednesday, April 22nd. Finally, Sanford C. Bernstein increased their price target on shares of GE Aerospace from $374.00 to $405.00 and gave the stock an “outperform” rating in a report on Tuesday, March 3rd. One research 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 given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $348.22.

GE Aerospace 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.