Consolidated Capital Management LLC trimmed its holdings in GE Aerospace (NYSE:GE – Free Report) by 7.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,301 shares of the company’s stock after selling 2,140 shares during the quarter. GE Aerospace comprises 2.4% of Consolidated Capital Management LLC’s portfolio, making the stock its 17th biggest holding. Consolidated Capital Management LLC’s holdings in GE Aerospace were worth $7,794,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. REAP Financial Group LLC bought a new stake in GE Aerospace during the 3rd quarter worth about $25,000. Blueline Advisors LLC bought a new stake in GE Aerospace during the 4th quarter worth about $25,000. Abich Financial Wealth Management LLC bought a new stake in GE Aerospace during the 3rd quarter worth about $32,000. Tucker Asset Management LLC bought a new stake in GE Aerospace during the 4th quarter worth about $32,000. Finally, Redmont Wealth Advisors LLC bought a new stake in GE Aerospace during the 3rd quarter worth about $36,000. 74.77% of the stock is owned by institutional investors.
GE Aerospace Stock Performance
Shares of GE stock opened at $323.45 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 stock has a market cap of $337.46 billion, a PE ratio of 39.83, a price-to-earnings-growth ratio of 3.00 and a beta of 1.36. The stock has a 50-day moving average of $295.66 and a 200-day moving average of $305.69. GE Aerospace has a one year low of $232.24 and a one year high of $348.48.
Key GE Aerospace News
Here are the key news stories impacting GE Aerospace this week:
- Positive Sentiment: GE Aerospace is investing heavily in MRO capacity and manufacturing expansion to support long-term engine demand, which could strengthen future revenue and earnings growth. Can GE’s Growth Investments Create Long-Term Value for Investors?
- Positive Sentiment: Jim Cramer and other market commentators reiterated a bullish view on GE Aerospace, adding to the stock’s momentum and investor interest. Cramer’s lightning round: Buy GE Aerospace
- Positive Sentiment: The stock has been outperforming the S&P 500 and continues to draw strong analyst attention, suggesting investors remain confident in GE Aerospace’s fundamentals. Is GE Aerospace Stock Outperforming the S&P 500?
- Positive Sentiment: Zacks noted GE Aerospace recently rose faster than the market, reflecting continued buying interest after strong recent trading. GE Aerospace (GE) Rises Higher Than Market: Key Facts
- Neutral Sentiment: Several articles simply noted that GE Aerospace is among the most-watched stocks, which may reflect interest but does not add new company-specific catalysts. Is Most-Watched Stock GE Aerospace (GE) Worth Betting on Now?
- Neutral Sentiment: GE Aerospace also appeared in a broader market discussion about stocks and the economy, but that article did not provide meaningful new information specific to the company. Larry Kudlow: The ‘Trumpian Economy’ Is Booming Despite the Gas Price Noise
Analysts Set New Price Targets
GE has been the subject of several recent research reports. TD Cowen dropped their price objective on GE Aerospace from $350.00 to $330.00 and set a “buy” rating for the company in a report on Wednesday, April 8th. 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 report on Wednesday, April 22nd. Royal Bank Of Canada reissued an “outperform” rating and set a $355.00 price objective on shares of GE Aerospace in a 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 report on Wednesday, April 22nd. Finally, BNP Paribas Exane dropped their price objective on GE Aerospace from $300.00 to $270.00 and set an “underperform” rating for the company in a report on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, GE Aerospace currently has an average rating of “Moderate Buy” and an average target price 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.
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