Auto Owners Insurance Co Increases Stock Holdings in GE Aerospace $GE

Auto Owners Insurance Co grew its stake in GE Aerospace (NYSE:GE) by 52,247.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 65,721,281 shares of the company’s stock after buying an additional 65,595,733 shares during the period. GE Aerospace accounts for 0.5% of Auto Owners Insurance Co’s investment portfolio, making the stock its 24th largest holding. Auto Owners Insurance Co owned about 0.06% of GE Aerospace worth $2,024,413,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Blueline Advisors LLC purchased a new position in shares of GE Aerospace during the fourth quarter worth about $25,000. Ankerstar Wealth LLC acquired a new stake in shares of GE Aerospace in the 4th quarter valued at about $31,000. Tucker Asset Management LLC purchased a new position in GE Aerospace during the 4th quarter worth approximately $32,000. Redmont Wealth Advisors LLC purchased a new position in GE Aerospace during the 3rd quarter worth approximately $36,000. Finally, Lifetime Wealth Management P.C. acquired a new position in GE Aerospace during the fourth quarter worth approximately $40,000. 74.77% of the stock is owned by hedge funds and other institutional investors.

GE Aerospace Stock Performance

GE opened at $358.77 on Friday. GE Aerospace has a 1-year low of $236.51 and a 1-year high of $364.70. The stock has a market cap of $374.32 billion, a P/E ratio of 44.18, a P/E/G ratio of 3.17 and a beta of 1.37. The stock’s 50 day simple moving average is $309.71 and its 200 day simple moving average is $309.38. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.01 and a quick ratio of 0.70.

GE Aerospace (NYSE:GE) last posted its earnings results on Tuesday, April 21st. The company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.26. The company had revenue of $11.61 billion for 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%.GE Aerospace’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.49 earnings per share. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. As a group, equities analysts anticipate that GE Aerospace will post 7.48 EPS for the current fiscal year.

Analyst Ratings Changes

GE has been the topic of a number of recent research reports. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $355.00 target price on shares of GE Aerospace in a report on Wednesday, May 20th. Sanford C. Bernstein increased their target price on shares of GE Aerospace from $374.00 to $405.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 3rd. UBS Group dropped their price target on GE Aerospace from $357.00 to $350.00 and set a “buy” rating on the stock in a research report on Wednesday, April 22nd. Seaport Research Partners assumed coverage on GE Aerospace in a research note on Tuesday, May 26th. They set a “buy” rating and a $375.00 price objective for the company. Finally, Wall Street Zen downgraded GE Aerospace from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $348.22.

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.