MidFirst Bank Makes New $1.65 Million Investment in GE Aerospace $GE

MidFirst Bank bought a new position in shares of GE Aerospace (NYSE:GE) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 5,348 shares of the company’s stock, valued at approximately $1,647,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Astoria Portfolio Advisors LLC. boosted its holdings in shares of GE Aerospace by 3.0% in the fourth quarter. Astoria Portfolio Advisors LLC. now owns 1,205 shares of the company’s stock valued at $408,000 after purchasing an additional 35 shares during the period. SG Trading Solutions LLC bought a new position in GE Aerospace in the fourth quarter worth approximately $1,939,000. Nolet Wealth Management LLC purchased a new position in GE Aerospace during the 4th quarter worth $272,000. Drake & Associates LLC increased its holdings in GE Aerospace by 4.5% during the 4th quarter. Drake & Associates LLC now owns 4,572 shares of the company’s stock worth $1,408,000 after purchasing an additional 195 shares during the period. Finally, Monetary Solutions Ltd bought a new stake in GE Aerospace during the 4th quarter valued at $69,000. Institutional investors own 74.77% of the company’s stock.

GE Aerospace Stock Up 0.5%

GE Aerospace stock opened at $358.77 on Friday. The business has a fifty day moving average of $308.70 and a two-hundred day moving average of $309.03. 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 firm has a market cap of $374.32 billion, a P/E ratio of 44.18, a P/E/G ratio of 3.16 and a beta of 1.37. GE Aerospace has a twelve month low of $236.51 and a twelve month high of $364.70.

GE Aerospace (NYSE:GE) last announced its earnings results on Tuesday, April 21st. The company reported $1.86 earnings per share (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 business had revenue of $11.61 billion for the quarter, compared to analysts’ expectations of $11.61 billion. During the same quarter last year, the firm earned $1.49 EPS. The business’s revenue for the quarter was up 24.6% on a year-over-year basis. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. On average, analysts forecast that GE Aerospace will post 7.48 earnings per share for the current fiscal year.

Analysts Set New Price Targets

GE has been the subject of several research reports. Jefferies Financial Group reiterated a “buy” rating on shares of GE Aerospace in a report on Wednesday, May 27th. Weiss Ratings lowered GE Aerospace from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, June 1st. UBS Group decreased their price objective on GE Aerospace from $357.00 to $350.00 and set a “buy” rating for the company in a report on Wednesday, April 22nd. President Capital lowered their price objective on shares of GE Aerospace from $355.00 to $342.00 and set a “buy” rating for the company in a research note on Wednesday, April 22nd. 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 investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, GE Aerospace presently has a consensus rating of “Moderate Buy” and a consensus price target 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.