McLaughlin Asset Management Inc. Invests $1.19 Million in GE Aerospace $GE

McLaughlin Asset Management Inc. bought a new position in GE Aerospace (NYSE:GE) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 3,857 shares of the company’s stock, valued at approximately $1,188,000. GE Aerospace comprises about 1.1% of McLaughlin Asset Management Inc.’s holdings, making the stock its 28th largest holding.

A number of other institutional investors have also recently bought and sold shares of GE. Wick Capital Partners LLC acquired a new position in GE Aerospace during the fourth quarter worth approximately $880,000. Mcguire Capital Advisors Inc. purchased a new position in GE Aerospace during the fourth quarter worth approximately $267,000. Van Diest Capital LLC acquired a new position in shares of GE Aerospace in the 4th quarter valued at $299,000. Compound Planning Inc. boosted its holdings in shares of GE Aerospace by 99.5% in the 4th quarter. Compound Planning Inc. now owns 23,811 shares of the company’s stock valued at $7,335,000 after purchasing an additional 11,876 shares during the last quarter. Finally, Claris Financial LLC purchased a new stake in shares of GE Aerospace during the 4th quarter valued at $216,000. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

GE Aerospace Trading Up 0.5%

GE opened at $358.77 on Friday. GE Aerospace has a 12-month low of $236.51 and a 12-month high of $364.70. 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 P/E/G ratio of 3.16 and a beta of 1.37. The firm’s fifty day moving average price is $308.70 and its 200 day moving average price is $309.03.

GE Aerospace (NYSE:GE) last announced its quarterly earnings data on Tuesday, April 21st. The company reported $1.86 earnings per share 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 analyst estimates of $11.61 billion. GE Aerospace had a net margin of 17.86% and a return on equity of 37.99%. The firm’s revenue for the quarter was up 24.6% compared to the same quarter last year. During the same period last year, the business earned $1.49 EPS. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. As a group, research analysts expect that GE Aerospace will post 7.48 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently commented on GE shares. Weiss Ratings cut shares of GE Aerospace from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, June 1st. Seaport Research Partners assumed coverage on shares of GE Aerospace in a report on Tuesday, May 26th. They set a “buy” rating and a $375.00 price target for the company. TD Cowen dropped their price target on shares of GE Aerospace from $350.00 to $330.00 and set a “buy” rating on the stock in a research note on Wednesday, April 8th. Wells Fargo & Company assumed coverage on shares of GE Aerospace in a report on Wednesday, April 1st. They issued an “overweight” rating and a $325.00 price objective on the stock. Finally, UBS Group decreased their price objective on shares of GE Aerospace from $357.00 to $350.00 and set a “buy” rating for the company in a research report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target 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.