Axiom Investors LLC DE lessened its holdings in GE Aerospace (NYSE:GE – Free Report) by 0.6% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,274,089 shares of the company’s stock after selling 7,218 shares during the period. GE Aerospace accounts for approximately 3.4% of Axiom Investors LLC DE’s portfolio, making the stock its 9th largest holding. Axiom Investors LLC DE’s holdings in GE Aerospace were worth $392,458,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in GE. REAP Financial Group LLC bought a new position in GE Aerospace in the third quarter valued at $25,000. Blueline Advisors LLC bought a new position in GE Aerospace in the fourth quarter valued at $25,000. Abich Financial Wealth Management LLC bought a new position in GE Aerospace in the third quarter valued at $32,000. Tucker Asset Management LLC bought a new position in GE Aerospace in the fourth quarter valued at $32,000. Finally, Redmont Wealth Advisors LLC bought a new position in GE Aerospace in the third quarter valued at $36,000. Hedge funds and other institutional investors own 74.77% of the company’s stock.
GE Aerospace Stock Up 2.6%
Shares of NYSE:GE opened at $330.48 on Wednesday. The stock’s 50-day moving average price is $300.52 and its 200-day moving average price is $306.65. GE Aerospace has a 12-month low of $232.24 and a 12-month high of $348.48. The stock has a market capitalization of $344.80 billion, a P/E ratio of 40.70, a price-to-earnings-growth ratio of 2.85 and a beta of 1.37. The company has a current ratio of 1.01, a quick ratio of 0.70 and a debt-to-equity ratio of 0.99.
GE Aerospace News Summary
Here are the key news stories impacting GE Aerospace this week:
- Positive Sentiment: GE Aerospace and Wolfspeed announced a strategic collaboration to accelerate high-voltage silicon carbide adoption, a move that could strengthen GE’s next-generation aerospace and defense technology pipeline. GE Aerospace and Wolfspeed Collaborate to Accelerate High-Voltage Silicon Carbide (SiC) Adoption
- Positive Sentiment: GE Aerospace completed a successful ground test of a megawatt-class hybrid-electric engine system, reinforcing its push into more efficient propulsion technologies and long-term innovation leadership. GE Aerospace Celebrates Successful First Ground Test of Megawatt-Class Hybrid Electric Engine System
- Positive Sentiment: CEO Larry Culp said China’s plan to buy 200 Boeing jets may signal a reopening of the market, which could help GE Aerospace increase engine and services opportunities tied to future aircraft sales. GE Aerospace (GE) Anticipates More China Deals Following Trump-Xi Summit
- Neutral Sentiment: Market commentary noted renewed attention on Boeing and GE Aerospace as the commercial aerospace recovery continues to take shape, supporting the view that demand trends remain constructive. Boeing & GE Aerospace Draw Focus As Recovery Takes Shape
- Neutral Sentiment: GE Aerospace was also mentioned in broader aerospace ETF coverage and industry analysis, but these items were more about sector positioning than a direct company-specific catalyst. ITA Investors: Watch These Two Events Over the Next 30 Days
- Negative Sentiment: Recent trading also showed some weakness in GE Aerospace shares during the prior session, suggesting investors are still balancing upbeat long-term news against near-term market volatility. GE Aerospace (GE) Stock Sinks As Market Gains: What You Should Know
Analyst Ratings Changes
A number of research analysts recently commented on GE shares. Citigroup reduced their target price on GE Aerospace from $380.00 to $353.00 and set a “buy” rating on the stock in a research note on Wednesday, April 1st. Weiss Ratings cut GE Aerospace from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, June 1st. Wall Street Zen cut GE Aerospace from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. Jefferies Financial Group reaffirmed a “buy” rating on shares of GE Aerospace in a research note on Wednesday, May 27th. Finally, BNP Paribas Exane reduced their price objective on GE Aerospace from $300.00 to $270.00 and set an “underperform” rating on the stock in a research note on Thursday, May 14th. 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 company’s stock. According to data from MarketBeat, GE Aerospace currently 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.
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