Munro Partners acquired a new stake in shares of GE Aerospace (NYSE:GE – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 312,610 shares of the company’s stock, valued at approximately $96,293,000. GE Aerospace makes up about 2.5% of Munro Partners’ holdings, making the stock its 15th biggest holding.
Several other institutional investors and hedge funds have also recently bought and sold shares of GE. Brighton Jones LLC raised its stake in GE Aerospace by 25.3% during the fourth quarter. Brighton Jones LLC now owns 12,008 shares of the company’s stock worth $2,003,000 after acquiring an additional 2,421 shares during the period. Revolve Wealth Partners LLC grew its position in GE Aerospace by 7.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company’s stock worth $375,000 after purchasing an additional 150 shares during the last quarter. Sivia Capital Partners LLC boosted its holdings in shares of GE Aerospace by 4.6% in the second quarter. Sivia Capital Partners LLC now owns 4,337 shares of the company’s stock valued at $1,116,000 after acquiring an additional 191 shares in the last quarter. Main Street Financial Solutions LLC boosted its holdings in shares of GE Aerospace by 348.6% in the second quarter. Main Street Financial Solutions LLC now owns 5,899 shares of the company’s stock valued at $1,518,000 after acquiring an additional 4,584 shares in the last quarter. Finally, HUB Investment Partners LLC boosted its holdings in shares of GE Aerospace by 4.2% in the second quarter. HUB Investment Partners LLC now owns 9,035 shares of the company’s stock valued at $2,326,000 after acquiring an additional 366 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.
GE Aerospace Stock Performance
NYSE:GE opened at $342.40 on Tuesday. GE Aerospace has a 1 year low of $232.24 and a 1 year high of $348.90. The firm’s fifty day simple moving average is $304.50 and its 200 day simple moving average is $307.80. The company has a current ratio of 1.01, a quick ratio of 0.70 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $357.24 billion, a PE ratio of 42.17, a PEG ratio of 2.97 and a beta of 1.37.
Analyst Ratings Changes
A number of analysts recently weighed in on the stock. Jefferies Financial Group restated a “buy” rating on shares of GE Aerospace in a report on Wednesday, May 27th. Royal Bank Of Canada restated an “outperform” rating and issued a $355.00 price target on shares of GE Aerospace in a research report on Wednesday, May 20th. Seaport Research Partners assumed coverage on shares of GE Aerospace in a research report on Tuesday, May 26th. They issued a “buy” rating and a $375.00 price target for the company. Wall Street Zen cut shares of GE Aerospace from a “buy” rating to a “hold” rating in a report on Monday, April 27th. Finally, Weiss Ratings cut shares of GE Aerospace from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, June 1st. One research 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $348.22.
Get Our Latest Research Report on GE Aerospace
GE Aerospace 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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