First Manhattan CO. LLC. Has $61.15 Million Stake in GE Aerospace $GE

First Manhattan CO. LLC. trimmed its position in GE Aerospace (NYSE:GE) by 2.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 198,321 shares of the company’s stock after selling 5,149 shares during the quarter. First Manhattan CO. LLC.’s holdings in GE Aerospace were worth $61,149,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Norges Bank bought a new position in shares of GE Aerospace during the fourth quarter valued at $4,444,736,000. Capital World Investors lifted its holdings in shares of GE Aerospace by 16.2% during the third quarter. Capital World Investors now owns 21,442,810 shares of the company’s stock valued at $6,449,731,000 after acquiring an additional 2,995,054 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of GE Aerospace by 1,200.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,847,011 shares of the company’s stock valued at $568,935,000 after acquiring an additional 1,705,005 shares during the period. Amundi lifted its holdings in shares of GE Aerospace by 65.2% during the fourth quarter. Amundi now owns 2,601,697 shares of the company’s stock valued at $801,401,000 after acquiring an additional 1,027,199 shares during the period. Finally, CIBC Bancorp USA Inc. bought a new position in shares of GE Aerospace during the third quarter valued at $285,263,000. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Sanford C. Bernstein lifted 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. Wells Fargo & Company assumed coverage on GE Aerospace in a report on Wednesday, April 1st. They set an “overweight” rating and a $325.00 price objective for the company. Daiwa Securities Group assumed coverage on GE Aerospace in a report on Tuesday, March 31st. They set a “neutral” rating and a $301.00 price objective for the company. Wall Street Zen cut GE Aerospace from a “buy” rating to a “hold” rating in a report on Monday, April 27th. Finally, Citigroup cut their price objective on GE Aerospace from $380.00 to $353.00 and set a “buy” rating for the company in a report on Wednesday, April 1st. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, GE Aerospace has a consensus rating of “Moderate Buy” and an average target price of $348.22.

GE Aerospace Stock Performance

Shares of NYSE:GE opened at $356.84 on Thursday. GE Aerospace has a twelve month low of $232.24 and a twelve month high of $362.33. The firm has a market cap of $372.31 billion, a PE ratio of 43.95, a price-to-earnings-growth ratio of 3.12 and a beta of 1.37. 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 business has a fifty day moving average of $307.29 and a 200-day moving average of $308.61.

GE Aerospace (NYSE:GE) last announced its earnings results on Tuesday, April 21st. The company reported $1.86 earnings per share 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 company had revenue of $11.61 billion during the quarter, compared to analyst estimates of $11.61 billion. During the same period last year, the company posted $1.49 earnings per share. The firm’s quarterly 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, equities research analysts predict that GE Aerospace will post 7.48 EPS for the current fiscal year.

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.