Wick Capital Partners LLC Makes New Investment in GE Aerospace $GE

by · The Markets Daily

Wick Capital Partners LLC acquired a new stake in GE Aerospace (NYSE:GE – Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,035 shares of the company’s stock, valued at approximately $627,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of GE. Strategic Investment Solutions Inc. IL lifted its holdings in GE Aerospace by 15.0% in the 4th quarter. Strategic Investment Solutions Inc. IL now owns 2,327 shares of the company’s stock worth $717,000 after buying an additional 303 shares during the period. Anchor Investment Management LLC grew its position in shares of GE Aerospace by 2.9% in the 4th quarter. Anchor Investment Management LLC now owns 11,878 shares of the company’s stock worth $3,659,000 after buying an additional 335 shares during the last quarter. Banque Transatlantique SA increased its stake in shares of GE Aerospace by 0.9% during the fourth quarter. Banque Transatlantique SA now owns 6,874 shares of the company’s stock valued at $2,117,000 after buying an additional 61 shares during the period. Tempo Wealth LLC purchased a new position in shares of GE Aerospace during the fourth quarter valued at approximately $506,000. Finally, MidFirst Bank bought a new position in shares of GE Aerospace during the fourth quarter valued at approximately $1,647,000. 74.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Sanford C. Bernstein raised their price target on GE Aerospace from $374.00 to $405.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 3rd. Wall Street Zen downgraded shares of GE Aerospace from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. Weiss Ratings lowered shares of GE Aerospace from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, June 1st. Jefferies Financial Group reaffirmed a “buy” rating on shares of GE Aerospace in a research report on Wednesday, May 27th. Finally, 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 research note 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 issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $348.22.

Get Our Latest Stock Analysis on GE

GE Aerospace Stock Up 0.3%

GE opened at $358.77 on Friday. The stock has a market capitalization of $374.32 billion, a price-to-earnings ratio of 44.18, a PEG ratio of 3.17 and a beta of 1.37. The firm has a 50 day moving average price of $309.71 and a 200-day moving average price of $309.38. GE Aerospace has a twelve month low of $236.51 and a twelve month high of $364.70. The company has a quick ratio of 0.70, a current ratio of 1.01 and a debt-to-equity ratio of 0.99.

GE Aerospace (NYSE:GE – Get Free Report) last issued its earnings results on Tuesday, April 21st. The company reported $1.86 earnings per share (EPS) for the quarter, topping 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 company had revenue of $11.61 billion for the quarter, compared to analysts’ expectations of $11.61 billion. During the same quarter last year, the company posted $1.49 earnings per share. The firm’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. Equities research analysts forecast that GE Aerospace will post 7.48 earnings per share for the current year.

GE Aerospace Company Profile

(Free Report)

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.

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