WCG Wealth Advisors LLC bought a new position in shares of GE Aerospace (NYSE:GE – Free Report) during the 4th quarter, HoldingsChannel reports. The fund bought 10,992 shares of the company’s stock, valued at approximately $3,386,000.
A number of other hedge funds also recently modified their holdings of the stock. Nvest Financial LLC lifted its position in GE Aerospace by 55.3% during the fourth quarter. Nvest Financial LLC now owns 1,679 shares of the company’s stock worth $517,000 after purchasing an additional 598 shares during the period. Avestar Capital LLC increased its holdings in GE Aerospace by 6.2% in the 4th quarter. Avestar Capital LLC now owns 8,000 shares of the company’s stock valued at $2,464,000 after buying an additional 467 shares during the period. CIBC Asset Management Inc raised its position in shares of GE Aerospace by 65.7% in the 4th quarter. CIBC Asset Management Inc now owns 251,736 shares of the company’s stock valued at $77,542,000 after buying an additional 99,815 shares in the last quarter. Marble Wealth LLC bought a new stake in shares of GE Aerospace during the 4th quarter worth approximately $6,342,000. Finally, Rational Advisors Inc. boosted its position in shares of GE Aerospace by 85.2% during the 4th quarter. Rational Advisors Inc. now owns 3,194 shares of the company’s stock worth $984,000 after acquiring an additional 1,469 shares in the last quarter. Institutional investors own 74.77% of the company’s stock.
GE Aerospace Stock Performance
NYSE:GE opened at $328.53 on Friday. The company has a market capitalization of $342.77 billion, a PE ratio of 40.46, a P/E/G ratio of 2.92 and a beta of 1.37. GE Aerospace has a fifty-two week low of $232.24 and a fifty-two week 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 company has a 50 day simple moving average of $298.20 and a two-hundred day simple moving average of $306.06.
GE Aerospace News Summary
Here are the key news stories impacting GE Aerospace this week:
- Positive Sentiment: GE Aerospace’s Commercial Engines unit saw orders surge 93% to $17.3 billion, reflecting robust engine demand and supporting the case for more upside ahead. Strength in Commercial Engines Unit Drives GE Aerospace: A Sign for More Upside?
- Positive Sentiment: Analysts and market commentators continue to point to GE Aerospace as a beneficiary of airline, transport, and engine demand, reinforcing optimism around the company’s long-term growth story. Market expert sees opportunity in Toast, GE Aerospace
- Positive Sentiment: GE Aerospace also continues to draw attention as a top performer in the industrial machinery space after its strong first-quarter results, helping keep sentiment constructive. Q1 Earnings Outperformers: GE Aerospace (NYSE:GE) And The Rest Of The General Industrial Machinery Stocks
- Neutral Sentiment: GE Aerospace is also benefiting from broader aerospace strength across the sector, including strong defense and engine-spares demand at peers like Howmet, which may support sentiment for the group overall. Howmet Gains From Defense Aerospace Strength: Can the Momentum Last?
- Neutral Sentiment: GE Aerospace is making strategic investments, including in future engine and aviation technologies such as hybrid-electric propulsion, which supports long-term growth but is less likely to move the stock immediately. GE Aerospace advances hybrid-electric aviation with megawatt-class engine test
Wall Street Analysts Forecast Growth
Several brokerages have commented on GE. Zacks Research downgraded shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Daiwa Securities Group initiated coverage on GE Aerospace in a research note on Tuesday, March 31st. They issued a “neutral” rating and a $301.00 price target on the stock. Jefferies Financial Group reissued a “buy” rating on shares of GE Aerospace in a report on Wednesday, May 27th. Wall Street Zen lowered GE Aerospace from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Sanford C. Bernstein boosted their target price on GE Aerospace from $374.00 to $405.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 3rd. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $348.22.
Read Our Latest Report on GE Aerospace
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.
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