First Manhattan Reduces $2M in GE Aerospace ($GE)

First Manhattan reduced its holdings in GE Aerospace by 5,570 shares, a 2.8% decrease.

Written by EarningsIQ · Published Jun 18, 2026, 4:43 AM EDT

Key Points

First Manhattan reduced its GE Aerospace holdings by 5,570 shares, a 2.8% decrease, leaving 192,751 shares valued at $68.8 million.
GE Aerospace, trading on the NYSE, has a market cap of $373 billion, a P/E ratio of 44.35, and a 52-week range between $236.51 and $362.33.
Analysts from Seaport Global and UBS maintain a 'buy' rating on GE Aerospace, with price targets of $375.0 and $350.0, respectively.

First Manhattan recently trimmed its position in GE Aerospace (NYSE: GE), cutting its holdings by 5,570 shares. This 2.8% reduction leaves the investment firm with 192,751 shares worth approximately $68.8 million, as reported in its latest Form 13F filing with the SEC.

What Changed in First Manhattan's GE Aerospace Position

First Manhattan's decision to reduce its stake in GE Aerospace resulted in a decrease of 5,570 shares, moving from 198,321 shares to 192,751 shares. This adjustment represents a 2.8% reduction in its holdings, with the remaining shares valued at about $68.8 million as of the filing period.

Other Institutional Activity in GE Aerospace

In other institutional activity, BlackRock, Inc. increased its stake in GE Aerospace by 582,303 shares, bringing its total to 90,744,918 shares valued at roughly $25.75 billion. Vanguard Capital Management LLC maintained its position with 66,432,068 shares worth $18.85 billion. FMR LLC, however, reduced its holdings by 2,954,698 shares, ending with 51,626,167 shares valued at approximately $14.65 billion. Meanwhile, State Street Corp added 96,242 shares, reaching a total of 45,337,044 shares valued at about $12.89 billion.

GE Aerospace Stock Snapshot

Shares of GE Aerospace (NYSE: GE) are trading near $357.03. The company boasts a market capitalization of $373 billion and a P/E ratio of 44.35. The stock's 52-week range spans from $236.51 to $362.33, with a 50-day moving average of $306.74 and a 200-day moving average of $305.02. GE Aerospace's current ratio stands at 1.008, with a quick ratio of 0.65, and a debt-to-equity ratio of 116.53.

Recent Earnings

GE Aerospace reported revenue of $48.31 billion, reflecting a growth rate of 24.7%. The company achieved a net margin of 17.86% and a return on equity of 45.43%. With an earnings per share (EPS) of $8.05, the next earnings announcement is scheduled for July 16, 2026.

Insider Buying and Selling at GE Aerospace

Several insiders, including Sebastien Bazin, Isabella Goren, Thomas Enders, Catherine Lesjak, Darren McDew, and Wesley Bush, each acquired 678 shares of GE Aerospace on May 5, 2026. These transactions were not conducted under a Rule 10b5-1 plan.

Analysts Set New Price Targets

On May 27, 2026, Seaport Global initiated coverage on GE Aerospace with a 'buy' rating and set a price target of $375. UBS maintained its 'buy' rating with a $350 target on April 22, 2026, while Morgan Stanley also maintained a 'buy' rating with a $400 target. The consensus among 21 analysts is a 'strong buy', with a mean price target of $350.95.

About GE Aerospace

GE Aerospace, based in Evendale, Ohio, is a leader in the aerospace and defense industry. The company designs and manufactures commercial and defense aircraft engines, integrated engine components, and aircraft systems. It operates through two main segments: Commercial Engines & Services and Defense & Propulsion Technologies. Led by CEO H. Lawrence Culp Jr., GE Aerospace employs approximately 57,000 people and serves customers across the globe.

Bottom Line

First Manhattan's recent reduction in its GE Aerospace stake is part of its broader investment strategy. Investors often track these filings to gauge institutional sentiment, but it's important to remember that 13F filings reflect past holdings and may not represent current positions. GE Aerospace remains a significant player in the aerospace sector, with strong analyst support and a robust market presence.