10,482 Shares in GE Aerospace $GE Purchased by Evolve Private Wealth LLC

Evolve Private Wealth LLC acquired a new stake in GE Aerospace (NYSE:GE) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 10,482 shares of the company’s stock, valued at approximately $3,233,000.

A number of other institutional investors have also modified their holdings of GE. Ehrenkranz Partners L.P. bought a new stake in shares of GE Aerospace during the fourth quarter valued at approximately $383,000. Engineers Gate Manager LP grew its stake in GE Aerospace by 315.1% in the fourth quarter. Engineers Gate Manager LP now owns 5,570 shares of the company’s stock worth $1,716,000 after purchasing an additional 4,228 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. increased its holdings in GE Aerospace by 3.9% during the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 38,250 shares of the company’s stock worth $11,801,000 after purchasing an additional 1,451 shares during the period. Boothbay Fund Management LLC raised its position in GE Aerospace by 322.0% during the 4th quarter. Boothbay Fund Management LLC now owns 8,250 shares of the company’s stock valued at $2,541,000 after purchasing an additional 6,295 shares in the last quarter. Finally, Align Financial LLC bought a new stake in GE Aerospace during the 4th quarter valued at $5,219,000. 74.77% of the stock is owned by hedge funds and other institutional investors.

GE Aerospace Trading Up 1.5%

Shares of NYSE GE opened at $356.84 on Thursday. GE Aerospace has a 1-year low of $232.24 and a 1-year high of $362.33. The business has a fifty day moving average price of $307.29 and a 200 day moving average price of $308.61. The stock has a market capitalization of $372.31 billion, a P/E ratio of 43.95, a price-to-earnings-growth ratio of 3.12 and a beta of 1.37. 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 released its quarterly earnings results on Tuesday, April 21st. The company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.60 by $0.26. GE Aerospace had a net margin of 17.86% and a return on equity of 37.99%. The business had revenue of $11.61 billion during the quarter, compared to analyst estimates of $11.61 billion. During the same period in the prior year, the firm posted $1.49 earnings per share. The company’s quarterly revenue was up 24.6% on a year-over-year basis. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. Equities research analysts expect that GE Aerospace will post 7.48 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Jefferies Financial Group restated a “buy” rating on shares of GE Aerospace in a research note on Wednesday, May 27th. Morgan Stanley lowered 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 note on Wednesday, April 22nd. President Capital cut their target price on shares of GE Aerospace from $355.00 to $342.00 and set a “buy” rating on the stock in a research report on Wednesday, April 22nd. Zacks Research lowered shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. Finally, Wall Street Zen cut shares of GE Aerospace from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. One 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, GE Aerospace currently has a consensus rating of “Moderate Buy” and an average price target 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.