TMB Capital Partners LLC acquired a new position in shares of GE Aerospace (NYSE:GE – Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,108 shares of the company’s stock, valued at approximately $649,000.
A number of other large investors also recently added to or reduced their stakes in the business. Blueline Advisors LLC acquired a new stake in shares of GE Aerospace during the 4th quarter worth approximately $25,000. Ankerstar Wealth LLC bought a new stake in shares of GE Aerospace during the fourth quarter worth approximately $31,000. Tucker Asset Management LLC acquired a new position in GE Aerospace in the fourth quarter valued at approximately $32,000. Redmont Wealth Advisors LLC acquired a new position in GE Aerospace in the third quarter valued at approximately $36,000. Finally, Beaird Harris Wealth Management LLC boosted its stake in GE Aerospace by 72.0% in the third quarter. Beaird Harris Wealth Management LLC now owns 141 shares of the company’s stock valued at $42,000 after acquiring an additional 59 shares during the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.
GE Aerospace Stock Up 0.5%
Shares of NYSE GE opened at $358.77 on Friday. GE Aerospace has a 52-week low of $236.51 and a 52-week high of $364.70. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.70 and a current ratio of 1.01. The stock has a market cap of $374.32 billion, a P/E ratio of 44.18, a P/E/G ratio of 3.16 and a beta of 1.37. The firm has a 50 day moving average price of $308.70 and a 200 day moving average price of $309.03.
Analyst Upgrades and Downgrades
A number of analysts have commented on the stock. BNP Paribas Exane lowered their target price on shares of GE Aerospace from $300.00 to $270.00 and set an “underperform” rating for the company in a report on Thursday, May 14th. Royal Bank Of Canada restated an “outperform” rating and issued a $355.00 price target on shares of GE Aerospace in a research report on Wednesday, May 20th. Zacks Research cut GE Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Daiwa Securities Group assumed coverage on GE Aerospace in a report on Tuesday, March 31st. They issued a “neutral” rating and a $301.00 price objective for the company. Finally, Jefferies Financial Group reissued a “buy” rating on shares of GE Aerospace in a research note on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $348.22.
Get Our Latest Stock Report on GE Aerospace
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.
Recommended Stories
- Five stocks we like better than GE Aerospace
- Credo Technologies Accelerates AI—Its Stock Price Will Follow
- Qualcomm Goes All-In: The $10B Bet to Crush NVIDIA
- Jabil Just Gave Investors a Stronger Reason to Buy the Dip
- CarMax In Reverse? Why You Should Buy Now Before the Big Catalysts Emerge
Want to see what other hedge funds are holding GE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GE Aerospace (NYSE:GE – Free Report).
Receive News & Ratings for GE Aerospace Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GE Aerospace and related companies with MarketBeat.com's FREE daily email newsletter.
