K.J. Harrison & Partners Inc reduced its position in shares of GE Aerospace (NYSE:GE – Free Report) by 38.8% in the first quarter, HoldingsChannel reports. The institutional investor owned 9,462 shares of the company’s stock after selling 6,000 shares during the quarter. K.J. Harrison & Partners Inc’s holdings in GE Aerospace were worth $2,685,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Peak Financial Management Inc. increased its holdings in GE Aerospace by 6.7% during the 1st quarter. Peak Financial Management Inc. now owns 1,756 shares of the company’s stock valued at $498,000 after purchasing an additional 111 shares during the period. V Square Quantitative Management LLC raised its position in GE Aerospace by 3.1% during the 1st quarter. V Square Quantitative Management LLC now owns 17,423 shares of the company’s stock valued at $4,944,000 after purchasing an additional 521 shares during the last quarter. Hunter Associates Investment Management LLC lifted its holdings in GE Aerospace by 0.9% in the 1st quarter. Hunter Associates Investment Management LLC now owns 8,224 shares of the company’s stock worth $2,329,000 after buying an additional 77 shares during the period. Beacon Financial Advisory LLC lifted its holdings in GE Aerospace by 3.2% in the 1st quarter. Beacon Financial Advisory LLC now owns 2,891 shares of the company’s stock worth $820,000 after buying an additional 90 shares during the period. Finally, WBH Advisory Inc. grew its position in shares of GE Aerospace by 5.2% in the 1st quarter. WBH Advisory Inc. now owns 1,770 shares of the company’s stock worth $518,000 after buying an additional 88 shares during the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages recently commented on GE. Wall Street Zen downgraded GE Aerospace from a “buy” rating to a “hold” rating in a report on Monday, April 27th. President Capital decreased their price objective on shares of GE Aerospace from $355.00 to $342.00 and set a “buy” rating for the company in a report on Wednesday, April 22nd. Wells Fargo & Company initiated coverage on shares of GE Aerospace in a research report on Wednesday, April 1st. They issued an “overweight” rating and a $325.00 target price for the company. UBS Group cut their target price on shares of GE Aerospace from $357.00 to $350.00 and set a “buy” rating on the stock in a research note on Wednesday, April 22nd. Finally, Daiwa Securities Group began coverage on shares of GE Aerospace in a research report on Tuesday, March 31st. They set a “neutral” rating and a $301.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, GE Aerospace currently has an average rating of “Moderate Buy” and a consensus price target of $357.56.
GE Aerospace Stock Down 0.1%
NYSE:GE opened at $377.14 on Friday. The firm has a market cap of $393.49 billion, a P/E ratio of 46.45, a P/E/G ratio of 3.35 and a beta of 1.35. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.70 and a current ratio of 1.01. GE Aerospace has a fifty-two week low of $243.34 and a fifty-two week high of $382.97. The firm has a 50-day simple moving average of $322.83 and a two-hundred day simple moving average of $315.01.
GE Aerospace (NYSE:GE – Get Free Report) last issued its earnings results on Tuesday, April 21st. The company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.26. GE Aerospace had a net margin of 17.86% and a return on equity of 37.99%. The firm had revenue of $11.61 billion for the quarter, compared to the consensus estimate of $11.61 billion. During the same quarter in the prior year, the firm posted $1.49 earnings per share. The business’s revenue was up 24.6% on a year-over-year basis. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. Analysts predict that GE Aerospace will post 7.48 earnings per share for the current fiscal year.
GE Aerospace Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 27th. Investors of record on Monday, July 6th will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Monday, July 6th. GE Aerospace’s payout ratio is presently 23.15%.
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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