World Investment Advisors Has $6.85 Million Stake in GE Aerospace $GE

World Investment Advisors boosted its position in shares of GE Aerospace (NYSE:GEFree Report) by 64.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 22,246 shares of the company’s stock after purchasing an additional 8,684 shares during the period. World Investment Advisors’ holdings in GE Aerospace were worth $6,852,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Hirtle Callaghan & Co LLC grew its stake in GE Aerospace by 3.1% during the fourth quarter. Hirtle Callaghan & Co LLC now owns 2,379 shares of the company’s stock worth $733,000 after buying an additional 71 shares in the last quarter. One Day In July LLC grew its stake in GE Aerospace by 45.2% during the fourth quarter. One Day In July LLC now owns 2,366 shares of the company’s stock worth $729,000 after buying an additional 737 shares in the last quarter. Purkiss Capital Advisors LLC grew its stake in GE Aerospace by 4.3% during the fourth quarter. Purkiss Capital Advisors LLC now owns 2,196 shares of the company’s stock worth $676,000 after buying an additional 90 shares in the last quarter. Meridian Wealth Management LLC grew its stake in GE Aerospace by 2.6% during the fourth quarter. Meridian Wealth Management LLC now owns 25,217 shares of the company’s stock worth $7,768,000 after buying an additional 633 shares in the last quarter. Finally, Washington Trust Bank lifted its position in shares of GE Aerospace by 1,824.4% during the 4th quarter. Washington Trust Bank now owns 20,014 shares of the company’s stock worth $6,165,000 after buying an additional 18,974 shares during the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.

GE Aerospace Price Performance

Shares of GE stock opened at $294.89 on Thursday. The company has a quick ratio of 0.70, a current ratio of 1.01 and a debt-to-equity ratio of 0.99. GE Aerospace has a twelve month low of $220.45 and a twelve month high of $348.48. The company has a market cap of $307.67 billion, a P/E ratio of 36.32, a P/E/G ratio of 2.76 and a beta of 1.36. The business has a fifty day simple moving average of $299.34 and a 200 day simple moving average of $306.18.

GE Aerospace (NYSE:GEGet Free Report) last announced its quarterly earnings data on Tuesday, April 21st. The company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.60 by $0.26. The business had revenue of $11.61 billion during 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 revenue for the quarter was up 24.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.49 EPS. 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 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on GE. Susquehanna restated a “positive” rating and set a $380.00 price objective on shares of GE Aerospace in a research report on Thursday, January 15th. 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 price objective for the company. Jefferies Financial Group set a $365.00 price objective on GE Aerospace in a research report on Sunday, April 26th. Wells Fargo & Company began coverage on GE Aerospace in a research report on Wednesday, April 1st. They set an “overweight” rating and a $325.00 price objective for the company. Finally, Zacks Research downgraded GE Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, GE Aerospace currently has a consensus rating of “Moderate Buy” and an average price target of $349.89.

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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.

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

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