Livforsakringsbolaget Skandia Omsesidigt Buys 27,212 Shares of GE Aerospace $GE

Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of GE Aerospace (NYSE:GEFree Report) by 366.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 34,644 shares of the company’s stock after purchasing an additional 27,212 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in GE Aerospace were worth $10,682,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of GE Aerospace by 0.8% during 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. State Street Corp increased its position in shares of GE Aerospace by 0.7% during the 3rd quarter. State Street Corp now owns 44,577,642 shares of the company’s stock valued at $13,425,562,000 after purchasing an additional 308,730 shares during the last quarter. Geode Capital Management LLC increased its position in shares of GE Aerospace by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 24,774,942 shares of the company’s stock valued at $7,615,200,000 after purchasing an additional 312,880 shares during the last quarter. Capital World Investors increased its position in shares of GE Aerospace by 16.2% during 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. Finally, Norges Bank bought a new position in shares of GE Aerospace during the 4th quarter valued at approximately $4,444,736,000. Institutional investors own 74.77% of the company’s stock.

Key Headlines Impacting GE Aerospace

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

GE Aerospace Price Performance

GE opened at $328.53 on Friday. The business has a fifty day moving average of $298.20 and a 200 day moving average of $306.06. GE Aerospace has a 52-week low of $232.24 and a 52-week high of $348.48. The company has a quick ratio of 0.70, a current ratio of 1.01 and a debt-to-equity ratio of 0.99. The stock has a market cap of $342.77 billion, a P/E ratio of 40.46, a PEG ratio of 2.92 and a beta of 1.37.

GE Aerospace (NYSE:GEGet Free Report) last posted its quarterly earnings data on Tuesday, April 21st. The company reported $1.86 earnings per share (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 analysts’ expectations of $11.61 billion. During the same quarter in the previous year, the business earned $1.49 EPS. GE Aerospace’s 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, sell-side analysts anticipate that GE Aerospace will post 7.48 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on GE shares. Wall Street Zen downgraded GE Aerospace from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. UBS Group cut their target price 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. President Capital cut their target price on GE Aerospace from $355.00 to $342.00 and set a “buy” rating on the stock in a research report on Wednesday, April 22nd. Seaport Research Partners started coverage on GE Aerospace in a research report on Tuesday, May 26th. They set a “buy” rating and a $375.00 target price on the stock. Finally, Daiwa Securities Group began coverage on GE Aerospace in a research report on Tuesday, March 31st. They set a “neutral” rating and a $301.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $348.22.

Check Out Our Latest Analysis on GE Aerospace

GE Aerospace Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for GE Aerospace (NYSE:GE)

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