10 Best Manufacturing Stocks To Buy Now

5. GE Aerospace (NYSE:GE)

Number of Hedge Fund Holders: 95

GE Aerospace (NYSE:GE) is the aerospace arm of General Electric, focused on developing and servicing advanced jet engines and aerospace systems. The division is positioning itself for a turnaround by leveraging new product introductions and digital innovations to enhance efficiency and sustainability.

As of February 10, 2025, GE Aerospace (NYSE:GE) has achieved a year-to-date return of approximately 23.19%. In fiscal 2024, GE Aerospace generated adjusted revenue of approximately $35.1 billion, reflecting a 10% year-over-year increase, and delivered an adjusted EPS of $4.60, marking a 56% growth compared to the previous year. The division produced an operating cash flow of $5.8 billion and reported a free cash flow of $6.1 billion, underscoring its capacity to generate solid cash flows while working to improve margins and reduce costs through operational efficiencies.

Recent developments have further bolstered GE Aerospace’s (NYSE:GE) outlook. The company has secured a five-year Performance-Based Logistics (PBL) contract with the Indian Air Force (IAF) to provide comprehensive sustainment solutions for T700-GE-701D engines powering the IAF’s fleet of AH-64E-I Apache helicopters. This contract positions GE Aerospace to strengthen its footprint in global defense markets, ensuring engine availability through Maintenance, Repair, and Overhaul (MRO) services and enhancing the operational readiness of the Apache fleet.

On January 27, 2025, Bank of America Securities raised its price target for GE Aerospace (NYSE:GE) to $225.00, maintaining a “Buy” rating.