NewEdge Wealth LLC Increases Stock Position in GE Aerospace $GE

NewEdge Wealth LLC increased its stake in shares of GE Aerospace (NYSE:GE) by 92.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 20,142 shares of the company’s stock after purchasing an additional 9,663 shares during the period. NewEdge Wealth LLC’s holdings in GE Aerospace were worth $6,204,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of GE Aerospace by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 92,731,541 shares of the company’s stock worth $28,564,097,000 after purchasing an additional 699,364 shares during the period. State Street Corp lifted its holdings in shares of GE Aerospace by 0.7% during the third quarter. State Street Corp now owns 44,577,642 shares of the company’s stock worth $13,425,562,000 after purchasing an additional 308,730 shares during the period. Capital World Investors lifted its holdings in shares of GE Aerospace by 16.2% during the third quarter. Capital World Investors now owns 21,442,810 shares of the company’s stock worth $6,449,731,000 after purchasing an additional 2,995,054 shares during the period. Northern Trust Corp lifted its holdings in shares of GE Aerospace by 1.8% during the third quarter. Northern Trust Corp now owns 10,296,945 shares of the company’s stock worth $3,097,527,000 after purchasing an additional 181,316 shares during the period. Finally, Jennison Associates LLC lifted its holdings in shares of GE Aerospace by 21.5% during the third quarter. Jennison Associates LLC now owns 8,430,878 shares of the company’s stock worth $2,536,177,000 after purchasing an additional 1,494,541 shares during the period. 74.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GE has been the subject of several recent research reports. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $355.00 price target on shares of GE Aerospace in a report on Wednesday, April 22nd. Citigroup decreased their price target on GE Aerospace from $380.00 to $353.00 and set a “buy” rating for the company in a report on Wednesday, April 1st. TD Cowen decreased their price target on GE Aerospace from $350.00 to $330.00 and set a “buy” rating for the company in a report on Wednesday, April 8th. Wolfe Research increased their price target on GE Aerospace from $340.00 to $360.00 and gave the stock an “outperform” rating in a report on Monday, January 12th. Finally, Wall Street Zen downgraded GE Aerospace from a “buy” rating to a “hold” rating in a report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, GE Aerospace has an average rating of “Moderate Buy” and a consensus price target of $349.89.

GE Aerospace Price Performance

GE Aerospace stock opened at $296.91 on Monday. GE Aerospace has a one year low of $211.15 and a one year high of $348.48. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.70 and a current ratio of 1.01. The business has a fifty day moving average of $302.98 and a two-hundred day moving average of $306.34. The company has a market cap of $309.78 billion, a P/E ratio of 36.57, a price-to-earnings-growth ratio of 2.76 and a beta of 1.36.

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

GE Aerospace News Summary

Here are the key news stories impacting GE Aerospace this week:

• Positive Sentiment: GE Aerospace won a new contract to supply F404 engines to Turkish Aerospace Industries, strengthening its defense exposure and international presence. GE Aerospace Deal With Turkey Adds New Layer To GE Valuation Story
• Positive Sentiment: Analyst commentary remains broadly bullish, with recent articles saying GE Aerospace has been unfairly punished and may be a buying opportunity given its strong core business and backlog. GE Aerospace Stock Has Been Unfairly Punished
• Positive Sentiment: Wall Street coverage continues to describe GE Aerospace as a favored industrial name, with analysts maintaining a bullish outlook despite recent volatility. Do Wall Street Analysts Like GE Aerospace Stock?
• Neutral Sentiment: Shareholders approved board and compensation-related matters at the annual meeting, which is routine governance news and unlikely to move the stock on its own. GE Aerospace Shareholders Back Board, Pay and Incentive Plans
• Neutral Sentiment: Broader manufacturing and labor productivity data may be supportive for industrial names like GE Aerospace, but the market impact is indirect and limited. U.S. Labor Productivity Rises 0.8% in Q1 as Jobless Claims Fall to 200,000
• Negative Sentiment: Recent commentary notes the stock has been pressured by concerns around Middle East tensions and earlier demand-growth worries, which help explain why investors have been cautious despite the company’s solid fundamentals. GE Aerospace stock outperforms competitors on strong trading day

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.