Petredis Investment Advisors LLC Sells 10,618 Shares of GE Aerospace $GE

Petredis Investment Advisors LLC lessened its stake in shares of GE Aerospace (NYSE:GE) by 19.9% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 42,786 shares of the company’s stock after selling 10,618 shares during the quarter. GE Aerospace makes up approximately 1.0% of Petredis Investment Advisors LLC’s investment portfolio, making the stock its 22nd biggest holding. Petredis Investment Advisors LLC’s holdings in GE Aerospace were worth $12,141,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Southern Capital Advisors LLC boosted its stake in GE Aerospace by 6.2% during the first quarter. Southern Capital Advisors LLC now owns 7,065 shares of the company’s stock worth $2,005,000 after buying an additional 414 shares during the period. MontVue Capital Management Inc. increased its position in GE Aerospace by 5.8% during the first quarter. MontVue Capital Management Inc. now owns 917 shares of the company’s stock valued at $260,000 after acquiring an additional 50 shares during the last quarter. Evolve Private Wealth LLC raised its stake in shares of GE Aerospace by 10.3% in the first quarter. Evolve Private Wealth LLC now owns 11,564 shares of the company’s stock valued at $3,282,000 after acquiring an additional 1,082 shares during the period. Center For Asset Management LLC purchased a new stake in shares of GE Aerospace in the first quarter valued at $236,000. Finally, Vaughan Nelson Investment Management L.P. raised its position in GE Aerospace by 32.9% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 120,995 shares of the company’s stock worth $34,335,000 after purchasing an additional 29,930 shares during the period. 74.77% of the stock is currently owned by institutional investors.

GE Aerospace Stock Up 0.3%

Shares of NYSE GE opened at $358.77 on Monday. GE Aerospace has a 52-week low of $236.51 and a 52-week high of $364.70. The firm has a market capitalization of $374.32 billion, a price-to-earnings ratio of 44.18, a PEG ratio of 3.17 and a beta of 1.37. The stock has a 50 day moving average price of $309.71 and a 200 day moving average price of $309.53. 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 released its quarterly earnings data on Tuesday, April 21st. The company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.60 by $0.26. The company had revenue of $11.61 billion for the quarter, compared to the consensus estimate of $11.61 billion. GE Aerospace had a return on equity of 37.99% and a net margin of 17.86%.GE Aerospace’s quarterly revenue was up 24.6% on a year-over-year basis. During the same period last year, the business posted $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 7.48 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on GE. Jefferies Financial Group reissued a “buy” rating on shares of GE Aerospace in a research note on Wednesday, May 27th. Morgan Stanley cut their price objective on GE Aerospace from $425.00 to $400.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 22nd. Citigroup decreased their target price on GE Aerospace from $380.00 to $353.00 and set a “buy” rating for the company in a research report on Wednesday, April 1st. Zacks Research downgraded shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. 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 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 company’s stock. According to data from MarketBeat.com, GE Aerospace currently has an average rating of “Moderate Buy” and an average target price 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.