MUFG Securities EMEA plc boosted its stake in GE Aerospace (NYSE:GE – Free Report) by 556.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 133,243 shares of the company’s stock after acquiring an additional 112,945 shares during the quarter. MUFG Securities EMEA plc’s holdings in GE Aerospace were worth $41,043,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. REAP Financial Group LLC bought a new position in GE Aerospace in the 3rd quarter valued at approximately $25,000. Blueline Advisors LLC bought a new position in GE Aerospace in the 4th quarter valued at approximately $25,000. Abich Financial Wealth Management LLC bought a new position in GE Aerospace in the 3rd quarter valued at approximately $32,000. Tucker Asset Management LLC bought a new position in GE Aerospace in the 4th quarter valued at approximately $32,000. Finally, Redmont Wealth Advisors LLC bought a new position in GE Aerospace in the 3rd quarter valued at approximately $36,000. Institutional investors own 74.77% of the company’s stock.
GE Aerospace Price Performance
GE stock opened at $323.45 on Friday. The company has a fifty day moving average price of $295.66 and a 200-day moving average price of $305.69. The company has a market capitalization of $337.46 billion, a P/E ratio of 39.83, a PEG ratio of 3.00 and a beta of 1.36. GE Aerospace has a 52-week low of $232.24 and a 52-week high of $348.48. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.70 and a current ratio of 1.01.
Key Stories Impacting GE Aerospace
Here are the key news stories impacting GE Aerospace this week:
- Positive Sentiment: GE Aerospace is investing heavily in MRO capacity and manufacturing expansion to support long-term engine demand, which could strengthen future revenue and earnings growth. Can GE’s Growth Investments Create Long-Term Value for Investors?
- Positive Sentiment: Jim Cramer and other market commentators reiterated a bullish view on GE Aerospace, adding to the stock’s momentum and investor interest. Cramer’s lightning round: Buy GE Aerospace
- Positive Sentiment: The stock has been outperforming the S&P 500 and continues to draw strong analyst attention, suggesting investors remain confident in GE Aerospace’s fundamentals. Is GE Aerospace Stock Outperforming the S&P 500?
- Positive Sentiment: Zacks noted GE Aerospace recently rose faster than the market, reflecting continued buying interest after strong recent trading. GE Aerospace (GE) Rises Higher Than Market: Key Facts
- Neutral Sentiment: Several articles simply noted that GE Aerospace is among the most-watched stocks, which may reflect interest but does not add new company-specific catalysts. Is Most-Watched Stock GE Aerospace (GE) Worth Betting on Now?
- Neutral Sentiment: GE Aerospace also appeared in a broader market discussion about stocks and the economy, but that article did not provide meaningful new information specific to the company. Larry Kudlow: The ‘Trumpian Economy’ Is Booming Despite the Gas Price Noise
Analysts Set New Price Targets
GE has been the subject of several analyst reports. Daiwa Securities Group initiated coverage on shares of GE Aerospace in a research note on Tuesday, March 31st. They set a “neutral” rating and a $301.00 price target for the company. UBS Group dropped their price target on shares of GE Aerospace from $357.00 to $350.00 and set a “buy” rating for the company in a research note on Wednesday, April 22nd. Sanford C. Bernstein raised their price target on shares of GE Aerospace from $374.00 to $405.00 and gave the company an “outperform” rating in a research note on Tuesday, March 3rd. Morgan Stanley dropped their price target on shares of GE Aerospace from $425.00 to $400.00 and set an “overweight” rating for the company in a research note on Wednesday, April 22nd. Finally, Wall Street Zen downgraded shares of GE Aerospace from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $348.22.
Check Out Our Latest Analysis on GE
About GE Aerospace
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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