GE Aerospace $GE Shares Sold by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC decreased its position in GE Aerospace (NYSE:GE) by 16.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,155 shares of the company’s stock after selling 2,869 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in GE Aerospace were worth $4,360,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in GE. Capital World Investors raised its stake in GE Aerospace by 16.2% in the 3rd quarter. Capital World Investors now owns 21,442,810 shares of the company’s stock valued at $6,449,731,000 after purchasing an additional 2,995,054 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in GE Aerospace by 1,200.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,847,011 shares of the company’s stock valued at $568,935,000 after purchasing an additional 1,705,005 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new position in GE Aerospace in the 3rd quarter valued at about $285,263,000. Vanguard Group Inc. raised its stake in GE Aerospace by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 92,731,541 shares of the company’s stock valued at $28,564,097,000 after purchasing an additional 699,364 shares during the last quarter. Finally, PFA Pension Forsikringsaktieselskab acquired a new position in GE Aerospace in the 4th quarter valued at about $202,901,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. BNP Paribas Exane dropped their price objective on shares of GE Aerospace from $300.00 to $270.00 and set an “underperform” rating for the company in a research note on Thursday, May 14th. TD Cowen dropped their price objective on shares of GE Aerospace from $350.00 to $330.00 and set a “buy” rating for the company in a research note on Wednesday, April 8th. Sanford C. Bernstein upped their price objective on shares of GE Aerospace from $374.00 to $405.00 and gave the company an “outperform” rating in a research note on Tuesday, March 3rd. Jefferies Financial Group reaffirmed a “buy” rating on shares of GE Aerospace in a research note on Wednesday. Finally, Wall Street Zen downgraded shares of 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 issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $348.22.

GE Aerospace Stock Up 1.0%

GE opened at $317.73 on Thursday. The firm has a 50 day moving average price of $294.84 and a 200 day moving average price of $305.47. The company has a market cap of $331.50 billion, a PE ratio of 39.13, a price-to-earnings-growth ratio of 2.92 and a beta of 1.36. GE Aerospace has a 1 year low of $232.24 and a 1 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.

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

GE Aerospace 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.