Daiwa Securities Group Inc. raised its position in shares of GE Aerospace (NYSE:GE – Free Report) by 12.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 197,921 shares of the company’s stock after acquiring an additional 21,246 shares during the period. Daiwa Securities Group Inc.’s holdings in GE Aerospace were worth $60,966,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. REAP Financial Group LLC bought a new stake in GE Aerospace during the third quarter valued at about $25,000. Blueline Advisors LLC bought a new stake in GE Aerospace during the fourth quarter valued at about $25,000. Abich Financial Wealth Management LLC acquired a new position in shares of GE Aerospace during the third quarter valued at about $32,000. Tucker Asset Management LLC acquired a new position in shares of GE Aerospace during the fourth quarter valued at about $32,000. Finally, Redmont Wealth Advisors LLC acquired a new position in shares of GE Aerospace during the third quarter valued at about $36,000. 74.77% of the stock is currently owned by institutional investors.
GE Aerospace Stock Performance
NYSE:GE opened at $328.53 on Friday. GE Aerospace has a 12-month low of $232.24 and a 12-month high of $348.48. The company has a quick ratio of 0.70, a current ratio of 1.01 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $342.77 billion, a PE ratio of 40.46, a price-to-earnings-growth ratio of 2.92 and a beta of 1.37. The firm has a 50-day moving average price of $298.20 and a 200 day moving average price of $306.06.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on GE. Daiwa Securities Group began coverage on shares of GE Aerospace in a research report on Tuesday, March 31st. They set a “neutral” rating and a $301.00 price objective for the company. 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. Weiss Ratings lowered shares of GE Aerospace from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday. 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. Finally, Sanford C. Bernstein upped 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. One equities research 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 issued a Sell rating to the company. According to data from MarketBeat, GE Aerospace currently has a consensus rating of “Moderate Buy” and a consensus price target of $348.22.
Get Our Latest Stock Analysis on GE Aerospace
Key GE Aerospace News
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, reflecting robust engine demand and supporting the case for more upside ahead. Strength in Commercial Engines Unit Drives GE Aerospace: A Sign for More Upside?
- Positive Sentiment: Analysts and market commentators continue to point to GE Aerospace as a beneficiary of airline, transport, and engine demand, reinforcing optimism around the company’s long-term growth story. Market expert sees opportunity in Toast, GE Aerospace
- Positive Sentiment: GE Aerospace also continues to draw attention as a top performer in the industrial machinery space after its strong first-quarter results, helping keep sentiment constructive. Q1 Earnings Outperformers: GE Aerospace (NYSE:GE) And The Rest Of The General Industrial Machinery Stocks
- Neutral Sentiment: GE Aerospace is also benefiting from broader aerospace strength across the sector, including strong defense and engine-spares demand at peers like Howmet, which may support sentiment for the group overall. Howmet Gains From Defense Aerospace Strength: Can the Momentum Last?
- Neutral Sentiment: GE Aerospace is making strategic investments, including in future engine and aviation technologies such as hybrid-electric propulsion, which supports long-term growth but is less likely to move the stock immediately. GE Aerospace advances hybrid-electric aviation with megawatt-class engine test
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.
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