Cumberland Partners Ltd Reduces Position in GE Aerospace $GE

Cumberland Partners Ltd lessened its holdings in shares of GE Aerospace (NYSE:GE) by 8.5% during the 4th quarter, HoldingsChannel reports. The fund owned 27,065 shares of the company’s stock after selling 2,500 shares during the quarter. Cumberland Partners Ltd’s holdings in GE Aerospace were worth $8,337,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. REAP Financial Group LLC purchased a new position in shares of GE Aerospace during the 3rd quarter worth $25,000. Tucker Asset Management LLC purchased a new position in shares of GE Aerospace during the 4th quarter worth $32,000. Abich Financial Wealth Management LLC purchased a new position in shares of GE Aerospace during the 3rd quarter worth $32,000. Redmont Wealth Advisors LLC purchased a new position in shares of GE Aerospace during the 3rd quarter worth $36,000. Finally, Strengthening Families & Communities LLC purchased a new position in shares of GE Aerospace during the 3rd quarter worth $38,000. Hedge funds and other institutional investors own 74.77% of the company’s stock.

GE Aerospace Stock Up 0.1%

GE opened at $302.13 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.70 and a current ratio of 1.01. GE Aerospace has a fifty-two week low of $228.01 and a fifty-two week high of $348.48. The firm’s fifty day moving average is $294.35 and its 200 day moving average is $305.35. The stock has a market cap of $315.22 billion, a price-to-earnings ratio of 37.21, a price-to-earnings-growth ratio of 2.80 and a beta of 1.36.

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

Analysts Set New Price Targets

GE has been the topic of several analyst reports. Wells Fargo & Company initiated coverage on shares of GE Aerospace in a research note on Wednesday, April 1st. They set an “overweight” rating and a $325.00 price target on the stock. TD Cowen dropped their price target on shares of GE Aerospace from $350.00 to $330.00 and set a “buy” rating on the stock in a research note on Wednesday, April 8th. BNP Paribas Exane dropped their price target on shares of GE Aerospace from $300.00 to $270.00 and set an “underperform” rating on the stock in a research note on Thursday, May 14th. Daiwa Securities Group assumed coverage on shares of GE Aerospace in a research note on Tuesday, March 31st. They set a “neutral” rating and a $301.00 price target on the stock. Finally, The Goldman Sachs Group lifted their target price on shares of GE Aerospace from $338.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, GE Aerospace currently has an average 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.