2,465 Shares in GE Aerospace $GE Acquired by First National Bank of Hutchinson

First National Bank of Hutchinson bought a new position in GE Aerospace (NYSE:GEFree Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,465 shares of the company’s stock, valued at approximately $699,000.

A number of other institutional investors and hedge funds have also bought and sold shares of GE. Allworth Financial LP boosted its position in GE Aerospace by 7.6% during the 4th quarter. Allworth Financial LP now owns 76,867 shares of the company’s stock valued at $23,677,000 after buying an additional 5,434 shares during the period. Dara Capital US Inc. purchased a new position in shares of GE Aerospace in the fourth quarter valued at about $2,527,000. NewEdge Wealth LLC increased its position in shares of GE Aerospace by 92.2% in the fourth quarter. NewEdge Wealth LLC now owns 20,142 shares of the company’s stock valued at $6,204,000 after acquiring an additional 9,663 shares during the period. CenterBook Partners LP raised its stake in shares of GE Aerospace by 892.6% during the fourth quarter. CenterBook Partners LP now owns 49,788 shares of the company’s stock valued at $15,336,000 after acquiring an additional 44,772 shares during the last quarter. Finally, Ascentis Independent Advisors raised its stake in shares of GE Aerospace by 207.3% during the first quarter. Ascentis Independent Advisors now owns 4,317 shares of the company’s stock valued at $1,225,000 after acquiring an additional 2,912 shares during the last quarter. 74.77% of the stock is currently owned by institutional investors.

GE Aerospace News Summary

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

GE Aerospace Price Performance

GE stock opened at $353.21 on Wednesday. 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 1 year low of $254.66 and a 1 year high of $382.97. The firm has a 50-day moving average of $333.33 and a 200 day moving average of $317.78. The company has a market cap of $368.52 billion, a P/E ratio of 43.50, a PEG 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 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.26. GE Aerospace had a return on equity of 37.99% and a net margin of 17.86%.The business had revenue of $11.61 billion for the quarter, compared to analysts’ expectations of $11.61 billion. During the same period in the previous year, the firm posted $1.49 EPS. 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. On average, sell-side analysts forecast that GE Aerospace will post 7.48 EPS for the current year.

GE Aerospace Dividend Announcement

The company 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 is Monday, July 6th. This represents a $1.88 annualized dividend and a dividend yield of 0.5%. GE Aerospace’s payout ratio is currently 23.15%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Morgan Stanley cut their target price on GE Aerospace from $425.00 to $400.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 22nd. President Capital lowered their price target on GE Aerospace from $355.00 to $342.00 and set a “buy” rating for the company in a research report on Wednesday, April 22nd. Susquehanna reiterated a “positive” rating and issued a $430.00 price objective (up from $380.00) on shares of GE Aerospace in a report on Thursday, July 9th. Seaport Research Partners initiated coverage on GE Aerospace in a report on Tuesday, May 26th. They issued a “buy” rating and a $375.00 price objective for the company. Finally, Citigroup reiterated a “buy” rating and issued a $431.00 price objective (up from $353.00) on shares of GE Aerospace in a research report on Wednesday, July 1st. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, GE Aerospace currently has an average rating of “Moderate Buy” and an average price target of $363.11.

Check Out Our Latest Stock Report on GE Aerospace

GE Aerospace 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.

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

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