Swiss National Bank Sells 167,740 Shares of GE Aerospace $GE

Swiss National Bank cut its stake in GE Aerospace (NYSE:GEFree Report) by 5.5% during the fourth quarter, HoldingsChannel reports. The firm owned 2,906,222 shares of the company’s stock after selling 167,740 shares during the period. GE Aerospace accounts for about 0.5% of Swiss National Bank’s holdings, making the stock its 25th largest position. Swiss National Bank’s holdings in GE Aerospace were worth $895,204,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Blueline Advisors LLC bought a new position in shares of GE Aerospace in the fourth quarter worth about $25,000. Tucker Asset Management LLC bought a new position in shares of GE Aerospace in the fourth quarter worth about $32,000. Abich Financial Wealth Management LLC bought a new position in shares of GE Aerospace in the third quarter worth about $32,000. Redmont Wealth Advisors LLC bought a new position in shares of GE Aerospace in the third quarter worth about $36,000. Finally, Legacy Bridge LLC grew its holdings in shares of GE Aerospace by 3,375.0% in the fourth quarter. Legacy Bridge LLC now owns 139 shares of the company’s stock worth $43,000 after purchasing an additional 135 shares during the last quarter. 74.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on GE. Jefferies Financial Group reiterated a “buy” rating on shares of GE Aerospace in a report on Wednesday, May 27th. Morgan Stanley dropped their target price on shares of GE Aerospace from $425.00 to $400.00 and set an “overweight” rating on the stock in a report on Wednesday, April 22nd. Seaport Research Partners began coverage on shares of GE Aerospace in a report on Tuesday, May 26th. They set a “buy” rating and a $375.00 target price on the stock. Weiss Ratings cut shares of GE Aerospace from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, June 1st. Finally, BNP Paribas Exane dropped their target price on shares of GE Aerospace from $300.00 to $270.00 and set an “underperform” rating on the stock in a report on Thursday, May 14th. One equities 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $348.22.

Read Our Latest Stock Report on GE

GE Aerospace Stock Performance

Shares of GE Aerospace stock opened at $332.49 on Friday. The firm has a market capitalization of $346.90 billion, a P/E ratio of 40.95, a PEG ratio of 2.82 and a beta of 1.37. 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 company has a 50 day moving average price of $302.44 and a 200 day moving average price of $307.17. GE Aerospace has a 52 week low of $232.24 and a 52 week high of $348.48.

GE Aerospace (NYSE:GEGet Free Report) last announced its quarterly earnings data on Tuesday, April 21st. The company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.60 by $0.26. The firm had revenue of $11.61 billion during the quarter, compared to analyst estimates of $11.61 billion. GE Aerospace had a net margin of 17.86% and a return on equity of 37.99%. GE Aerospace’s revenue was up 24.6% on a year-over-year basis. During the same period last year, the firm 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 EPS for the current year.

More GE Aerospace News

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GE Aerospace Company 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.

Further Reading

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

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