Sanctuary Advisors LLC Acquires 8,441 Shares of GE Aerospace $GE

Sanctuary Advisors LLC boosted its stake in shares of GE Aerospace (NYSE:GEFree Report) by 5.9% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 151,568 shares of the company’s stock after buying an additional 8,441 shares during the period. Sanctuary Advisors LLC’s holdings in GE Aerospace were worth $43,011,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Blueline Advisors LLC acquired a new stake in shares of GE Aerospace during the fourth quarter worth $25,000. Ankerstar Wealth LLC acquired a new position in GE Aerospace in the 4th quarter worth $31,000. Tucker Asset Management LLC acquired a new position in GE Aerospace in the 4th quarter worth $32,000. Lifetime Wealth Management P.C. bought a new position in GE Aerospace during the 4th quarter worth about $40,000. Finally, Beaird Harris Wealth Management LLC increased its holdings in GE Aerospace by 72.0% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 141 shares of the company’s stock worth $42,000 after purchasing an additional 59 shares in the last quarter. Institutional investors own 74.77% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Morgan Stanley cut their price target on GE Aerospace from $425.00 to $400.00 and set an “overweight” rating on the stock in a report on Wednesday, April 22nd. Daiwa Securities Group started coverage on GE Aerospace in a research report on Tuesday, March 31st. They issued a “neutral” rating and a $301.00 target price on the stock. BNP Paribas Exane cut their target price on GE Aerospace from $300.00 to $270.00 and set an “underperform” rating on the stock in a research note on Thursday, May 14th. Zacks Research downgraded GE Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Finally, Wall Street Zen cut shares of GE Aerospace from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $363.11.

View Our Latest Report on GE Aerospace

Key Headlines Impacting GE Aerospace

Here are the key news stories impacting GE Aerospace this week:

GE Aerospace Trading Down 0.1%

Shares of NYSE:GE opened at $353.21 on Wednesday. The company’s 50-day moving average price is $333.33 and its two-hundred day moving average price is $317.78. 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 has a one year low of $254.66 and a one year high of $382.97. The stock has a market capitalization of $368.52 billion, a PE ratio of 43.50, a price-to-earnings-growth ratio of 3.13 and a beta of 1.35.

GE Aerospace (NYSE:GEGet Free Report) last posted its quarterly earnings data on Tuesday, April 21st. The company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 17.86% and a return on equity of 37.99%. The company’s quarterly revenue was up 24.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.49 EPS. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. On average, equities analysts forecast that GE Aerospace will post 7.48 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 27th. Investors of record on Monday, July 6th will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, July 6th. This represents a $1.88 annualized dividend and a yield of 0.5%. GE Aerospace’s dividend payout ratio is 23.15%.

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.

Further Reading

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Institutional Ownership by Quarter for GE Aerospace (NYSE:GE)

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