Huntington National Bank Has $184.64 Million Position in GE Aerospace $GE

Huntington National Bank boosted its holdings in GE Aerospace (NYSE:GE) by 2.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 599,427 shares of the company’s stock after buying an additional 16,018 shares during the period. GE Aerospace makes up about 1.1% of Huntington National Bank’s investment portfolio, making the stock its 17th biggest position. Huntington National Bank owned approximately 0.06% of GE Aerospace worth $184,642,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of GE. Capital World Investors lifted its holdings in GE Aerospace by 16.2% in the third quarter. Capital World Investors now owns 21,442,810 shares of the company’s stock valued at $6,449,731,000 after buying an additional 2,995,054 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in GE Aerospace by 1,200.7% in 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 buying an additional 1,705,005 shares during the period. CIBC Bancorp USA Inc. acquired a new position in GE Aerospace in the third quarter valued at approximately $285,263,000. Vanguard Group Inc. lifted its holdings in GE Aerospace by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 92,731,541 shares of the company’s stock valued at $28,564,097,000 after buying an additional 699,364 shares during the period. Finally, PFA Pension Forsikringsaktieselskab acquired a new position in GE Aerospace in the fourth quarter valued at approximately $202,901,000. 74.77% of the stock is currently owned by institutional investors and hedge funds.

GE Aerospace Stock Up 1.0%

Shares of NYSE:GE opened at $317.73 on Thursday. GE Aerospace has a 52 week low of $232.24 and a 52 week high of $348.48. 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 company has a market capitalization of $331.50 billion, a PE ratio of 39.13, a PEG ratio of 2.92 and a beta of 1.36. The company has a 50 day moving average price of $294.84 and a two-hundred day moving average price of $305.47.

GE Aerospace (NYSE:GE) last issued its 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 quarter in the prior year, the firm earned $1.49 earnings per share. The business’s quarterly revenue was up 24.6% on a year-over-year basis. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. Analysts forecast that GE Aerospace will post 7.46 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on GE. Jefferies Financial Group restated a “buy” rating on shares of GE Aerospace in a report on Wednesday. Citigroup cut their price objective on shares of GE Aerospace from $380.00 to $353.00 and set a “buy” rating on the stock in a report on Wednesday, April 1st. TD Cowen cut their price objective on shares of GE Aerospace from $350.00 to $330.00 and set a “buy” rating on the stock in a report on Wednesday, April 8th. Morgan Stanley lowered their target price on shares of GE Aerospace from $425.00 to $400.00 and set an “overweight” rating for the company in a research note on Wednesday, April 22nd. Finally, Seaport Research Partners started coverage on shares of GE Aerospace in a research note on Tuesday. They issued a “buy” rating and a $375.00 target price for the company. One research 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 assigned a Sell rating to the stock. According to data from MarketBeat, GE Aerospace presently 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.