Vaughan Nelson Investment Management L.P. raised its stake in GE Aerospace (NYSE:GE – Free Report) by 32.9% in the 1st quarter, Holdings Channel.com reports. The firm owned 120,995 shares of the company’s stock after acquiring an additional 29,930 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in GE Aerospace were worth $34,335,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. High Falls Advisors Inc increased its holdings in GE Aerospace by 3.0% in the fourth quarter. High Falls Advisors Inc now owns 1,069 shares of the company’s stock valued at $329,000 after buying an additional 31 shares during the last quarter. Wolff Wiese Magana LLC grew its position in shares of GE Aerospace by 1.0% in the 4th quarter. Wolff Wiese Magana LLC now owns 3,474 shares of the company’s stock worth $1,070,000 after acquiring an additional 33 shares in the last quarter. Montz Harcus Wealth Management LLC increased its holdings in shares of GE Aerospace by 3.6% in the 4th quarter. Montz Harcus Wealth Management LLC now owns 947 shares of the company’s stock valued at $292,000 after acquiring an additional 33 shares during the last quarter. Darwin Wealth Management LLC increased its holdings in shares of GE Aerospace by 2.0% in the 4th quarter. Darwin Wealth Management LLC now owns 1,699 shares of the company’s stock valued at $523,000 after acquiring an additional 33 shares during the last quarter. Finally, LRI Investments LLC raised its position in shares of GE Aerospace by 1.4% during the 4th quarter. LRI Investments LLC now owns 2,390 shares of the company’s stock valued at $736,000 after acquiring an additional 33 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.
GE Aerospace Trading Up 0.3%
GE Aerospace stock opened at $358.77 on Monday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.01 and a quick ratio of 0.70. The stock has a market capitalization of $374.32 billion, a PE ratio of 44.18, a price-to-earnings-growth ratio of 3.17 and a beta of 1.37. The firm has a 50 day simple moving average of $309.71 and a 200-day simple moving average of $309.53. GE Aerospace has a 12-month low of $236.51 and a 12-month high of $364.70.
Analyst Ratings Changes
GE has been the topic of several research analyst reports. Wall Street Zen cut GE Aerospace from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. Royal Bank Of Canada reiterated an “outperform” rating and set a $355.00 target price on shares of GE Aerospace in a research note on Wednesday, May 20th. BNP Paribas Exane reduced their price target on shares of GE Aerospace from $300.00 to $270.00 and set an “underperform” rating on the stock in a research report on Thursday, May 14th. Citigroup decreased their price target 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. Finally, Morgan Stanley lowered their price objective on shares of GE Aerospace from $425.00 to $400.00 and set an “overweight” rating for the company in a research report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, GE Aerospace presently has an average rating of “Moderate Buy” and a consensus target price 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.
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