Gamco Investors INC. ET AL cut its stake in GE Aerospace (NYSE:GE – Free Report) by 15.5% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 66,747 shares of the company’s stock after selling 12,239 shares during the period. Gamco Investors INC. ET AL’s holdings in GE Aerospace were worth $24,945,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently added to or reduced their stakes in GE. Blueline Advisors LLC bought a new position in shares of GE Aerospace during the fourth quarter worth about $25,000. Ankerstar Wealth LLC acquired a new stake in shares of GE Aerospace in the 4th quarter worth about $31,000. Tucker Asset Management LLC bought a new stake in GE Aerospace in the 4th quarter valued at about $32,000. Paladin Partners LLC bought a new stake in GE Aerospace in the 2nd quarter valued at about $38,000. Finally, Lifetime Wealth Management P.C. bought a new stake in GE Aerospace in the 4th quarter valued at about $40,000. 74.77% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several research analysts have commented on the stock. Seaport Research Partners started coverage on shares of GE Aerospace in a research report on Tuesday, May 26th. They issued a “buy” rating and a $375.00 target price for the company. Weiss Ratings upgraded shares of GE Aerospace from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, July 17th. Sanford C. Bernstein set a $421.00 price target on GE Aerospace and gave the company an “outperform” rating in a report on Thursday, July 23rd. The Goldman Sachs Group reiterated a “buy” rating and set a $410.00 price objective on shares of GE Aerospace in a research report on Monday, July 20th. Finally, JPMorgan Chase & Co. increased their price objective on GE Aerospace from $335.00 to $400.00 and gave the stock an “overweight” rating in a report on Monday, July 20th. Sixteen equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $390.59.
GE Aerospace Price Performance
Shares of NYSE GE opened at $348.85 on Friday. GE Aerospace has a fifty-two week low of $266.37 and a fifty-two week high of $388.84. The firm’s 50-day simple moving average is $361.10 and its 200 day simple moving average is $326.84. The company has a quick ratio of 0.67, a current ratio of 0.98 and a debt-to-equity ratio of 0.96. The stock has a market cap of $361.95 billion, a P/E ratio of 41.09, a P/E/G ratio of 2.54 and a beta of 1.36.
GE Aerospace (NYSE:GE – Get Free Report) last posted its quarterly earnings data on Thursday, July 16th. The company reported $2.02 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.16. The business had revenue of $12.63 billion during the quarter, compared to the consensus estimate of $11.87 billion. GE Aerospace had a net margin of 17.72% and a return on equity of 40.56%. The company’s quarterly revenue was up 21.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.66 earnings per share. GE Aerospace has set its FY 2026 guidance at 7.650-7.850 EPS. Equities analysts expect that GE Aerospace will post 7.91 EPS for the current year.
GE Aerospace Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, July 27th. Stockholders of record on Monday, July 6th were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, July 6th. GE Aerospace’s dividend payout ratio is currently 22.14%.
Insider Buying and Selling at GE Aerospace
In other news, SVP Mohamed Ali sold 8,096 shares of the stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $353.71, for a total value of $2,863,636.16. Following the completion of the transaction, the senior vice president directly owned 20,666 shares in the company, valued at $7,309,770.86. This trade represents a 28.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.19% of the company’s stock.
GE Aerospace Profile
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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