Alta Advisers Ltd Takes Position in GE Aerospace $GE

Alta Advisers Ltd bought a new stake in GE Aerospace (NYSE:GE) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,600 shares of the company’s stock, valued at approximately $1,109,000.

A number of other institutional investors also recently modified their holdings of GE. REAP Financial Group LLC bought a new stake in GE Aerospace during the third quarter worth about $25,000. Tucker Asset Management LLC bought a new stake in GE Aerospace during the fourth quarter worth about $32,000. Abich Financial Wealth Management LLC bought a new stake in GE Aerospace during the third quarter worth about $32,000. Redmont Wealth Advisors LLC bought a new stake in GE Aerospace during the third quarter worth about $36,000. Finally, Strengthening Families & Communities LLC bought a new stake in GE Aerospace during the third quarter worth about $38,000. Institutional investors own 74.77% of the company’s stock.

GE Aerospace Stock Up 3.9%

Shares of NYSE GE opened at $314.55 on Wednesday. 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 has a market cap of $328.18 billion, a price-to-earnings ratio of 38.74, a PEG ratio of 2.81 and a beta of 1.36. GE Aerospace has a 12 month low of $232.24 and a 12 month high of $348.48. The stock has a 50-day moving average price of $294.57 and a two-hundred day moving average price of $305.38.

GE Aerospace (NYSE:GE) last issued its earnings results on Tuesday, April 21st. The company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.60 by $0.26. The firm had revenue of $11.61 billion during the quarter, compared to the consensus estimate of $11.61 billion. GE Aerospace had a return on equity of 37.99% and a net margin of 17.86%.The business’s quarterly revenue was up 24.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.49 earnings per share. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. As a group, analysts forecast that GE Aerospace will post 7.46 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. UBS Group cut their price objective 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. Zacks Research cut shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Jefferies Financial Group set a $365.00 price objective on shares of GE Aerospace in a research report on Sunday, April 26th. TD Cowen lowered their target price on GE Aerospace from $350.00 to $330.00 and set a “buy” rating for the company in a research note on Wednesday, April 8th. Finally, Citigroup lowered their target price on GE Aerospace from $380.00 to $353.00 and set a “buy” rating for the company in a research note on Wednesday, April 1st. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $348.22.

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.