Moors & Cabot Inc. Purchases 2,745 Shares of GE Aerospace $GE

Moors & Cabot Inc. raised its holdings in shares of GE Aerospace (NYSE:GE) by 18.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 17,355 shares of the company’s stock after purchasing an additional 2,745 shares during the period. Moors & Cabot Inc.’s holdings in GE Aerospace were worth $5,346,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Intech Investment Management LLC lifted its stake in GE Aerospace by 10.5% during the 4th quarter. Intech Investment Management LLC now owns 180,933 shares of the company’s stock valued at $55,733,000 after acquiring an additional 17,142 shares during the period. Houlihan Financial Resource Group Ltd. bought a new stake in shares of GE Aerospace in the fourth quarter worth approximately $296,000. CFS Investment Advisory Services LLC raised its holdings in shares of GE Aerospace by 16.3% during the fourth quarter. CFS Investment Advisory Services LLC now owns 1,140 shares of the company’s stock valued at $351,000 after purchasing an additional 160 shares during the last quarter. Foundations Investment Advisors LLC lifted its position in GE Aerospace by 4.1% during the fourth quarter. Foundations Investment Advisors LLC now owns 13,439 shares of the company’s stock valued at $4,139,000 after purchasing an additional 525 shares during the period. Finally, Godfrey Financial Associates Inc. bought a new position in GE Aerospace during the fourth quarter valued at approximately $265,000. Hedge funds and other institutional investors own 74.77% of the company’s stock.

GE Aerospace Trading Up 1.0%

GE Aerospace stock opened at $320.45 on Friday. GE Aerospace has a 1 year low of $232.24 and a 1 year high of $348.48. The firm’s 50 day moving average price is $295.20 and its 200-day moving average price is $305.56. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.01 and a quick ratio of 0.70. The stock has a market cap of $334.34 billion, a P/E ratio of 39.46, a PEG ratio of 2.95 and a beta of 1.36.

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

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. BNP Paribas Exane reduced their price objective on GE Aerospace from $300.00 to $270.00 and set an “underperform” rating for the company in a research report on Thursday, May 14th. Sanford C. Bernstein raised their price objective on shares of GE Aerospace from $374.00 to $405.00 and gave the stock an “outperform” rating in a report on Tuesday, March 3rd. Jefferies Financial Group restated a “buy” rating on shares of GE Aerospace in a research report on Wednesday. TD Cowen decreased their price target on shares of GE Aerospace from $350.00 to $330.00 and set a “buy” rating on the stock in a research report on Wednesday, April 8th. Finally, President Capital dropped their price target on shares of GE Aerospace from $355.00 to $342.00 and set a “buy” rating on the stock in a research note on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, GE Aerospace has an average rating of “Moderate Buy” and a consensus target price of $348.22.

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.