Prospera Financial Services Inc Trims Stock Holdings in GE Aerospace $GE

Prospera Financial Services Inc trimmed its holdings in GE Aerospace (NYSE:GE) by 3.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 45,861 shares of the company’s stock after selling 1,845 shares during the quarter. Prospera Financial Services Inc’s holdings in GE Aerospace were worth $14,131,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. REAP Financial Group LLC purchased a new position in GE Aerospace in the 3rd quarter valued at approximately $25,000. Abich Financial Wealth Management LLC purchased a new position in GE Aerospace in the 3rd quarter valued at approximately $32,000. Tucker Asset Management LLC purchased a new position in GE Aerospace in the 4th quarter valued at approximately $32,000. Redmont Wealth Advisors LLC purchased a new position in GE Aerospace in the 3rd quarter valued at approximately $36,000. Finally, Strengthening Families & Communities LLC purchased a new position in GE Aerospace in the 3rd quarter valued at approximately $38,000. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

GE Aerospace Stock Up 0.1%

Shares of NYSE:GE opened at $302.13 on Friday. The firm has a fifty day moving average price of $294.35 and a two-hundred day moving average price of $305.35. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.01 and a quick ratio of 0.70. GE Aerospace has a one year low of $228.01 and a one year high of $348.48. The company has a market cap of $315.22 billion, a price-to-earnings ratio of 37.21, a PEG ratio of 2.81 and a beta of 1.36.

GE Aerospace (NYSE:GE) last announced its quarterly earnings results on Tuesday, April 21st. The company reported $1.86 EPS for the quarter, beating 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 firm had revenue of $11.61 billion during the quarter, compared to the consensus estimate of $11.61 billion. During the same period last year, the firm earned $1.49 EPS. The business’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. Analysts anticipate that GE Aerospace will post 7.46 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on GE shares. Wells Fargo & Company started coverage on shares of GE Aerospace in a research note on Wednesday, April 1st. They issued an “overweight” rating and a $325.00 price objective for the company. Zacks Research lowered shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $355.00 price objective on shares of GE Aerospace in a research note on Wednesday. Wall Street Zen downgraded shares of GE Aerospace from a “buy” rating to a “hold” rating in a report on Monday, April 27th. Finally, UBS Group cut their price target on shares of GE Aerospace from $357.00 to $350.00 and set a “buy” rating for the company in a report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $348.22.

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.