TD Asset Management Inc Sells 4,588 Shares of GE Aerospace $GE

TD Asset Management Inc reduced its stake in GE Aerospace (NYSE:GEFree Report) by 0.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 906,445 shares of the company’s stock after selling 4,588 shares during the period. TD Asset Management Inc’s holdings in GE Aerospace were worth $279,212,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. REAP Financial Group LLC bought a new position in shares of GE Aerospace in the 3rd quarter worth $25,000. Blueline Advisors LLC bought a new position in shares of GE Aerospace in the 4th quarter worth $25,000. Tucker Asset Management LLC bought a new position in shares of GE Aerospace in the 4th quarter worth $32,000. Abich Financial Wealth Management LLC bought a new position in shares of GE Aerospace in the 3rd quarter worth $32,000. Finally, Redmont Wealth Advisors LLC bought a new position in shares of GE Aerospace in the 3rd quarter worth $36,000. 74.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on GE. UBS Group reduced their price target on GE Aerospace from $357.00 to $350.00 and set a “buy” rating on the stock in a research report on Wednesday, April 22nd. BNP Paribas Exane dropped their price objective on GE Aerospace from $300.00 to $270.00 and set an “underperform” rating on the stock in a research note on Thursday, May 14th. President Capital dropped their price objective on GE Aerospace from $355.00 to $342.00 and set a “buy” rating on the stock in a research note on Wednesday, April 22nd. Wall Street Zen cut GE Aerospace from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Weiss Ratings downgraded GE Aerospace from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, GE Aerospace currently has a consensus rating of “Moderate Buy” and an average price target of $348.22.

View Our Latest Analysis on GE

More GE Aerospace News

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

GE Aerospace Stock Down 0.7%

Shares of GE Aerospace stock opened at $315.57 on Thursday. GE Aerospace has a 1 year low of $232.24 and a 1 year high of $348.48. The business has a 50-day moving average of $297.44 and a two-hundred day moving average of $305.89. The company has a market capitalization of $329.24 billion, a P/E ratio of 38.86, a price-to-earnings-growth ratio of 2.95 and a beta of 1.37. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.01 and a quick ratio of 0.70.

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 for the quarter, compared to the consensus estimate of $11.61 billion. GE Aerospace had a return on equity of 37.99% and a net margin of 17.86%.The company’s revenue for the quarter was up 24.6% on a year-over-year basis. During the same quarter last year, the business posted $1.49 EPS. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. As a group, equities analysts predict that GE Aerospace will post 7.47 EPS for the current year.

GE Aerospace Company Profile

(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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