MUFG Securities EMEA plc Buys 112,945 Shares of GE Aerospace $GE

MUFG Securities EMEA plc boosted its stake in GE Aerospace (NYSE:GEFree 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.

GE Aerospace (NYSE:GEGet Free Report) last released its quarterly 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. The firm had revenue of $11.61 billion during the quarter, compared to the consensus estimate of $11.61 billion. GE Aerospace had a net margin of 17.86% and a return on equity of 37.99%. The company’s revenue for the quarter was up 24.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.49 earnings per share. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. As a group, equities analysts expect that GE Aerospace will post 7.47 EPS for the current year.

Key Stories Impacting GE Aerospace

Here are the key news stories impacting GE Aerospace this week:

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

(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.

See Also

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

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