MidFirst Bank Purchases New Position in GE Aerospace $GE

MidFirst Bank purchased a new position in GE Aerospace (NYSE:GE) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 5,348 shares of the company’s stock, valued at approximately $1,647,000.

Several other large investors also recently added to or reduced their stakes in the stock. Blueline Advisors LLC bought a new stake in shares of GE Aerospace in the 4th quarter valued at approximately $25,000. Ankerstar Wealth LLC purchased a new position in shares of GE Aerospace in the 4th quarter worth approximately $31,000. Tucker Asset Management LLC bought a new position in shares of GE Aerospace during the 4th quarter valued at approximately $32,000. Redmont Wealth Advisors LLC bought a new position in shares of GE Aerospace during the 3rd quarter valued at approximately $36,000. Finally, Beaird Harris Wealth Management LLC raised its holdings in GE Aerospace by 72.0% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 141 shares of the company’s stock valued at $42,000 after buying an additional 59 shares during the period. 74.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on GE. Weiss Ratings lowered shares of GE Aerospace from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, June 1st. Wall Street Zen downgraded shares of GE Aerospace from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. Citigroup lowered their target price on shares of GE Aerospace from $380.00 to $353.00 and set a “buy” rating for the company in a report on Wednesday, April 1st. Seaport Research Partners initiated coverage on shares of GE Aerospace in a research note on Tuesday, May 26th. They set a “buy” rating and a $375.00 price target for the company. Finally, Daiwa Securities Group started coverage on shares of GE Aerospace in a report on Tuesday, March 31st. They set a “neutral” rating and a $301.00 price target on the stock. One 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 issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $348.22.

GE Aerospace Price Performance

GE opened at $358.77 on Friday. The business has a fifty day moving average of $308.70 and a 200 day moving average of $309.03. The stock has a market cap of $374.32 billion, a P/E ratio of 44.18, a PEG ratio of 3.16 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 has a 52-week low of $236.51 and a 52-week high of $364.70.

GE Aerospace (NYSE:GE) last released its earnings results on Tuesday, April 21st. The company reported $1.86 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $11.61 billion. During the same quarter last year, the firm posted $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. As a group, sell-side analysts anticipate that GE Aerospace will post 7.48 EPS for the current year.

GE Aerospace Company 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.