Forty three Eighteen Advisors LLC Buys Shares of 6,746 GE Aerospace $GE

Forty three Eighteen Advisors LLC bought a new position in GE Aerospace (NYSE:GE) in the fourth quarter, Holdings Channel reports. The institutional investor bought 6,746 shares of the company’s stock, valued at approximately $2,078,000. GE Aerospace comprises about 1.6% of Forty three Eighteen Advisors LLC’s investment portfolio, making the stock its 16th largest holding.

Several other institutional investors have also modified their holdings of the stock. Blueline Advisors LLC purchased a new stake in shares of GE Aerospace in the fourth quarter valued at about $25,000. Ankerstar Wealth LLC acquired a new stake in GE Aerospace during the fourth quarter worth about $31,000. Tucker Asset Management LLC purchased a new position in GE Aerospace during the fourth quarter worth about $32,000. Redmont Wealth Advisors LLC purchased a new position in GE Aerospace during the third quarter worth about $36,000. Finally, Lifetime Wealth Management P.C. acquired a new position in GE Aerospace in the 4th quarter valued at about $40,000. Hedge funds and other institutional investors own 74.77% of the company’s stock.

GE Aerospace Stock Up 0.3%

Shares of GE opened at $358.77 on Friday. The company’s 50-day moving average price is $309.71 and its 200 day moving average price is $309.38. GE Aerospace has a 12-month low of $236.51 and a 12-month high of $364.70. The company has a current ratio of 1.01, a quick ratio of 0.70 and a debt-to-equity ratio of 0.99. The firm has a market cap of $374.32 billion, a P/E ratio of 44.18, a price-to-earnings-growth ratio of 3.17 and a beta of 1.37.

GE Aerospace (NYSE:GE) last announced its earnings results on Tuesday, April 21st. The company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.60 by $0.26. GE Aerospace had a net margin of 17.86% and a return on equity of 37.99%. The company had revenue of $11.61 billion during the quarter, compared to analyst estimates of $11.61 billion. During the same quarter last year, the firm posted $1.49 earnings per share. GE Aerospace’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. On average, sell-side analysts forecast that GE Aerospace will post 7.48 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on GE shares. BNP Paribas Exane dropped their price target on shares of GE Aerospace from $300.00 to $270.00 and set an “underperform” rating for the company in a research note on Thursday, May 14th. Jefferies Financial Group reaffirmed a “buy” rating on shares of GE Aerospace in a research report on Wednesday, May 27th. Wells Fargo & Company started coverage on GE Aerospace in a report on Wednesday, April 1st. They issued an “overweight” rating and a $325.00 price objective on the stock. Sanford C. Bernstein upped their price objective on GE Aerospace from $374.00 to $405.00 and gave the company an “outperform” rating in a report on Tuesday, March 3rd. Finally, Zacks Research lowered GE Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, GE Aerospace has an average rating of “Moderate Buy” and an average price target of $348.22.

GE Aerospace Profile

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.