Washington Trust Advisors Inc. lowered its stake in shares of GE Aerospace (NYSE:GE – Free Report) by 22.9% during the second quarter, Holdings Channel.com reports. The institutional investor owned 5,601 shares of the company’s stock after selling 1,665 shares during the quarter. Washington Trust Advisors Inc.’s holdings in GE Aerospace were worth $2,093,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Allworth Financial LP raised its position in GE Aerospace by 7.6% during the fourth quarter. Allworth Financial LP now owns 76,867 shares of the company’s stock worth $23,677,000 after acquiring an additional 5,434 shares in the last quarter. NewEdge Wealth LLC raised its holdings in shares of GE Aerospace by 92.2% in the 4th quarter. NewEdge Wealth LLC now owns 20,142 shares of the company’s stock valued at $6,204,000 after purchasing an additional 9,663 shares during the period. Susquehanna Fundamental Investments LLC lifted its stake in GE Aerospace by 261.0% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 213,603 shares of the company’s stock valued at $79,830,000 after purchasing an additional 154,429 shares during the last quarter. CenterBook Partners LP lifted its stake in GE Aerospace by 892.6% in the 4th quarter. CenterBook Partners LP now owns 49,788 shares of the company’s stock valued at $15,336,000 after purchasing an additional 44,772 shares during the last quarter. Finally, Clough Capital Partners L P grew its holdings in GE Aerospace by 37.1% during the first quarter. Clough Capital Partners L P now owns 70,535 shares of the company’s stock worth $20,016,000 after purchasing an additional 19,105 shares during the period. 74.77% of the stock is owned by institutional investors.
GE Aerospace Trading Down 0.1%
Shares of GE stock opened at $336.66 on Monday. The firm has a 50 day moving average price of $357.33 and a two-hundred day moving average price of $328.81. 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 company has a market capitalization of $349.30 billion, a PE ratio of 39.65, a price-to-earnings-growth ratio of 2.46 and a beta of 1.35. GE Aerospace has a 12-month low of $268.91 and a 12-month high of $388.84.
GE Aerospace Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, July 27th. Shareholders of record on Monday, July 6th were given a dividend of $0.47 per share. The ex-dividend date was Monday, July 6th. This represents a $1.88 annualized dividend and a yield of 0.6%. GE Aerospace’s dividend payout ratio (DPR) is presently 22.14%.
Wall Street Analysts Forecast Growth
GE has been the topic of a number of recent analyst reports. Royal Bank Of Canada reissued an “outperform” rating and set a $400.00 price target (up from $355.00) on shares of GE Aerospace in a research report on Wednesday, July 15th. UBS Group raised their price objective on GE Aerospace from $426.00 to $435.00 and gave the company a “buy” rating in a research report on Friday, July 17th. The Goldman Sachs Group reissued a “buy” rating and set a $410.00 target price on shares of GE Aerospace in a report on Monday, July 20th. BNP Paribas Exane dropped their price target 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. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $450.00 price target on shares of GE Aerospace in a report on Monday, July 27th. Sixteen investment 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $390.59.
View Our Latest Stock Analysis on GE Aerospace
Insiders Place Their Bets
In other news, SVP Mohamed Ali sold 8,096 shares of GE Aerospace stock in a transaction on Friday, July 24th. The stock was sold at an average price of $353.71, for a total transaction of $2,863,636.16. Following the completion of the sale, the senior vice president owned 20,666 shares of the company’s stock, valued at approximately $7,309,770.86. This trade represents a 28.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.19% of the stock is owned by insiders.
Key Headlines Impacting GE Aerospace
Here are the key news stories impacting GE Aerospace this week:
- Positive Sentiment: Expanding defense demand: GE Aerospace is benefiting from U.S. Navy modernization, including a reported $2.87 billion engine-support award, as well as additional F/A-18 engine-parts work. South Korea also selected GE marine gas-turbine engines for its KDDX destroyers, adding international defense visibility. GE Draws $2.87 Billion for USN Engine Support GE Aerospace to Provide Marine Gas Turbine Engines for South Korea’s KDDX Destroyers
- Positive Sentiment: Hypersonics and next-generation engines: GE won a Pentagon/DIU contract to develop a Mach 5 hypersonic test platform and continues work on the XA102 adaptive combat engine. These programs could strengthen GE’s position in future U.S. defense spending, although near-term financial impact is likely limited. GE Aerospace Secures DIU Contract to Develop Mach 5 Hypersonic Test Platform
- Positive Sentiment: Tejas engine deliveries resumed: GE shipped three F404-IN20 engines to India’s HAL in August for the LCA Tejas Mk1A program. The deliveries help ease a prolonged supply bottleneck and support production of aircraft ordered by India’s air force. HAL Shares in Focus as GE Aerospace Delivers Three F404 Engines
- Neutral Sentiment: Operational growth initiatives: GE also shipped an X-BAT engine after ground testing and outlined plans to increase combat-engine deliveries, supporting its longer-term defense pipeline but providing limited immediate earnings detail. GE Aerospace Ships X-BAT Engine After Ground-Test Campaign
- Negative Sentiment: Valuation and interest-rate risks remain: GE has recently pulled back materially from its 52-week high while trading at a relatively elevated earnings multiple. Rising Treasury yields could pressure high-growth industrial valuations, though the stock’s defense backlog and previously raised 2026 guidance may provide support.
GE Aerospace Company 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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