Handelsbanken Fonder AB Acquires New Position in GE Aerospace $GE

Handelsbanken Fonder AB acquired a new stake in GE Aerospace (NYSE:GE) during the 4th quarter, Holdings Channel.com reports. The firm acquired 1,646 shares of the company’s stock, valued at approximately $507,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. REAP Financial Group LLC bought a new position in GE Aerospace during the third quarter worth about $25,000. Tucker Asset Management LLC bought a new position in GE Aerospace during the fourth quarter worth about $32,000. Abich Financial Wealth Management LLC bought a new position in GE Aerospace during the third quarter worth about $32,000. Redmont Wealth Advisors LLC acquired a new stake in GE Aerospace in the third quarter worth $36,000. Finally, Strengthening Families & Communities LLC acquired a new stake in GE Aerospace in the third quarter worth $38,000. Institutional investors own 74.77% of the company’s stock.

GE Aerospace Stock Performance

Shares of GE opened at $320.45 on Friday. The firm has a 50-day moving average of $295.20 and a 200-day moving average of $305.56. GE Aerospace has a one year low of $232.24 and a one year high of $348.48. The company has a market cap of $334.34 billion, a PE ratio of 39.46, a price-to-earnings-growth ratio of 2.95 and a beta of 1.36. 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 (NYSE:GE) last issued its earnings results on Tuesday, April 21st. The company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.60 by $0.26. The company had revenue of $11.61 billion during the quarter, compared to the consensus estimate of $11.61 billion. GE Aerospace had a return on equity of 37.99% and a net margin of 17.86%.The firm’s revenue for the quarter was up 24.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.49 EPS. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. As a group, equities analysts forecast that GE Aerospace will post 7.46 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on GE shares. Daiwa Securities Group started coverage on shares of GE Aerospace in a report on Tuesday, March 31st. They issued a “neutral” rating and a $301.00 target price on the stock. Zacks Research lowered shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. Citigroup cut their target price 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. Wall Street Zen lowered shares of GE Aerospace from a “buy” rating to a “hold” rating in a report on Monday, April 27th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of GE Aerospace in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $348.22.

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.