Temasek Holdings Private Ltd Cuts Position in GE Aerospace $GE

Temasek Holdings Private Ltd lessened its stake in GE Aerospace (NYSE:GEFree Report) by 7.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 419,029 shares of the company’s stock after selling 31,354 shares during the quarter. Temasek Holdings Private Ltd’s holdings in GE Aerospace were worth $129,074,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in GE. Blueline Advisors LLC purchased a new position in shares of GE Aerospace in the 4th quarter valued at about $25,000. Ankerstar Wealth LLC purchased a new position in shares of GE Aerospace in the 4th quarter valued at about $31,000. Abich Financial Wealth Management LLC purchased a new position in shares of GE Aerospace in the 3rd quarter valued at about $32,000. Tucker Asset Management LLC purchased a new position in shares of GE Aerospace in the 4th quarter valued at about $32,000. Finally, Redmont Wealth Advisors LLC purchased a new position in shares of GE Aerospace in the 3rd quarter valued at about $36,000. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Analyst Ratings Changes

GE has been the topic of a number of research reports. Daiwa Securities Group initiated coverage on shares of GE Aerospace in a research note on Tuesday, March 31st. They issued a “neutral” rating and a $301.00 price objective on the stock. 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 note on Tuesday, March 3rd. Jefferies Financial Group reissued a “buy” rating on shares of GE Aerospace in a research note on Wednesday, May 27th. Wells Fargo & Company initiated coverage on shares of GE Aerospace in a research note on Wednesday, April 1st. They issued an “overweight” rating and a $325.00 price objective on the stock. Finally, Wall Street Zen cut shares of GE Aerospace from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. One 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $348.22.

View Our Latest Analysis on GE Aerospace

GE Aerospace Price Performance

Shares of NYSE GE opened at $342.40 on Tuesday. The stock has a market cap of $357.24 billion, a price-to-earnings ratio of 42.17, a PEG ratio of 2.97 and a beta of 1.37. GE Aerospace has a 52 week low of $232.24 and a 52 week high of $348.90. The company’s 50-day moving average price is $304.50 and its 200 day moving average price is $307.80. The company has a current ratio of 1.01, a quick ratio of 0.70 and a debt-to-equity ratio of 0.99.

GE Aerospace (NYSE:GEGet Free Report) last released its earnings results on Tuesday, April 21st. The company reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.26. The company had revenue of $11.61 billion for the quarter, compared to analyst estimates of $11.61 billion. GE Aerospace had a net margin of 17.86% and a return on equity of 37.99%. The firm’s quarterly revenue was up 24.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.49 EPS. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. As a group, research analysts forecast that GE Aerospace will post 7.48 earnings per share for the current fiscal year.

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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