National Bank of Canada FI Raises Stock Position in GE Aerospace $GE

National Bank of Canada FI increased its holdings in shares of GE Aerospace (NYSE:GE) by 149.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,404,061 shares of the company’s stock after purchasing an additional 841,597 shares during the period. National Bank of Canada FI’s holdings in GE Aerospace were worth $432,486,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blueline Advisors LLC acquired a new stake in GE Aerospace during the fourth quarter valued at $25,000. Ankerstar Wealth LLC acquired a new stake in GE Aerospace during the fourth quarter valued at $31,000. Tucker Asset Management LLC acquired a new stake in GE Aerospace during the fourth quarter valued at $32,000. Redmont Wealth Advisors LLC acquired a new stake in GE Aerospace during the third quarter valued at $36,000. Finally, Legacy Bridge LLC grew its position in GE Aerospace by 3,375.0% during the fourth quarter. Legacy Bridge LLC now owns 139 shares of the company’s stock valued at $43,000 after buying an additional 135 shares during the period. Institutional investors and hedge funds own 74.77% of the company’s stock.

GE Aerospace Stock Up 2.9%

Shares of NYSE GE opened at $352.10 on Wednesday. The company’s 50-day simple moving average is $305.92 and its 200-day simple moving average is $308.18. GE Aerospace has a 52-week low of $232.24 and a 52-week high of $352.88. The firm has a market cap of $367.36 billion, a price-to-earnings ratio of 43.36, a price-to-earnings-growth ratio of 3.03 and a beta of 1.37. The company has a quick ratio of 0.70, a current ratio of 1.01 and a debt-to-equity ratio of 0.99.

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

Analysts Set New Price Targets

Several analysts recently commented on the stock. Citigroup dropped their price target on shares of GE Aerospace from $380.00 to $353.00 and set a “buy” rating on the stock in a research report on Wednesday, April 1st. 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 report on Tuesday, March 3rd. Wall Street Zen lowered shares of GE Aerospace from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. TD Cowen dropped their price target on shares of GE Aerospace from $350.00 to $330.00 and set a “buy” rating on the stock in a research report on Wednesday, April 8th. Finally, Wells Fargo & Company assumed coverage on shares of GE Aerospace in a research report on Wednesday, April 1st. They set an “overweight” rating and a $325.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $348.22.

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.