GE Aerospace $GE is Evergreen Quality Fund GP Ltd.’s 2nd Largest Position

Evergreen Quality Fund GP Ltd. lessened its holdings in shares of GE Aerospace (NYSE:GE) by 12.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,138,370 shares of the company’s stock after selling 298,700 shares during the period. GE Aerospace makes up 13.0% of Evergreen Quality Fund GP Ltd.’s investment portfolio, making the stock its 2nd largest position. Evergreen Quality Fund GP Ltd.’s holdings in GE Aerospace were worth $658,682,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GE. Blueline Advisors LLC bought a new stake in GE Aerospace during the fourth quarter worth about $25,000. Ankerstar Wealth LLC bought a new position in shares of GE Aerospace during the fourth quarter valued at approximately $31,000. Tucker Asset Management LLC bought a new position in shares of GE Aerospace during the fourth quarter valued at approximately $32,000. Redmont Wealth Advisors LLC purchased a new position in shares of GE Aerospace during the third quarter valued at approximately $36,000. Finally, Beaird Harris Wealth Management LLC boosted its position in shares of GE Aerospace by 72.0% in the 3rd quarter. Beaird Harris Wealth Management LLC now owns 141 shares of the company’s stock worth $42,000 after purchasing an additional 59 shares in the last quarter. 74.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. UBS Group reduced their price objective on GE Aerospace from $357.00 to $350.00 and set a “buy” rating for the company in a research report on Wednesday, April 22nd. Weiss Ratings cut GE Aerospace from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, June 1st. Citigroup reduced their price target on GE Aerospace from $380.00 to $353.00 and set a “buy” rating for the company in a report on Wednesday, April 1st. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $355.00 price target on shares of GE Aerospace in a research report on Wednesday, May 20th. Finally, Sanford C. Bernstein increased their price objective on shares of GE Aerospace from $374.00 to $405.00 and gave the company an “outperform” rating in a research report on Tuesday, March 3rd. One 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 given a Sell rating to the stock. According to MarketBeat, GE Aerospace has an average rating of “Moderate Buy” and an average price target of $348.22.

GE Aerospace Stock Up 1.5%

GE Aerospace stock opened at $356.84 on Thursday. GE Aerospace has a 12 month low of $232.24 and a 12 month high of $362.33. The stock has a fifty day simple moving average of $307.29 and a two-hundred day simple moving average of $308.61. 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 cap of $372.31 billion, a price-to-earnings ratio of 43.95, a PEG ratio of 3.12 and a beta of 1.37.

GE Aerospace (NYSE:GE) last released 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. GE Aerospace had a return on equity of 37.99% and a net margin of 17.86%.The company had revenue of $11.61 billion for the quarter, compared to analysts’ expectations of $11.61 billion. During the same period last year, the firm posted $1.49 earnings per share. GE Aerospace’s revenue was up 24.6% compared to the same quarter last year. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. Equities analysts predict that GE Aerospace will post 7.48 EPS for the current fiscal year.

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.