Sanctuary Advisors LLC increased its holdings in GE Aerospace (NYSE:GE – Free Report) by 3.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 157,023 shares of the company’s stock after acquiring an additional 5,455 shares during the period. Sanctuary Advisors LLC’s holdings in GE Aerospace were worth $58,684,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the business. 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 valued at $23,677,000 after acquiring an additional 5,434 shares in the last quarter. NewEdge Wealth LLC lifted its stake in 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 last quarter. CenterBook Partners LP grew its position in GE Aerospace by 892.6% in the fourth quarter. CenterBook Partners LP now owns 49,788 shares of the company’s stock worth $15,336,000 after acquiring an additional 44,772 shares in the last quarter. Clough Capital Partners L P increased its stake in shares of GE Aerospace by 37.1% during the 1st 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 last quarter. Finally, Ascentis Independent Advisors raised its holdings in shares of GE Aerospace by 207.3% during the 1st quarter. Ascentis Independent Advisors now owns 4,317 shares of the company’s stock valued at $1,225,000 after purchasing an additional 2,912 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on GE shares. Sanford C. Bernstein set a $421.00 target price on GE Aerospace and gave the company an “outperform” rating in a report on Thursday, July 23rd. Citigroup reiterated a “buy” rating and set a $431.00 price target (up from $353.00) on shares of GE Aerospace in a research note on Wednesday, July 1st. TD Cowen reissued a “buy” rating and set a $380.00 price objective (up from $330.00) on shares of GE Aerospace in a report on Monday, July 13th. The Goldman Sachs Group reissued a “buy” rating and issued a $410.00 price objective on shares of GE Aerospace in a research note on Monday, July 20th. Finally, Weiss Ratings upgraded GE Aerospace from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, July 17th. Sixteen equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $390.59.
GE Aerospace Price Performance
NYSE GE opened at $348.85 on Monday. GE Aerospace has a 1 year low of $266.37 and a 1 year high of $388.84. The company has a fifty day simple moving average of $361.10 and a 200 day simple moving average of $326.97. The company has a current ratio of 0.98, a quick ratio of 0.67 and a debt-to-equity ratio of 0.96. The company 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 announced its earnings results on Thursday, July 16th. The company reported $2.02 EPS for the quarter, topping the consensus estimate of $1.86 by $0.16. The firm had revenue of $12.63 billion for 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 business’s quarterly revenue was up 21.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.66 EPS. GE Aerospace has set its FY 2026 guidance at 7.650-7.850 EPS. On average, sell-side analysts predict that GE Aerospace will post 7.91 EPS for the current year.
GE Aerospace Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, July 27th. Stockholders of record on Monday, July 6th were given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, July 6th. GE Aerospace’s dividend payout ratio (DPR) is currently 22.14%.
Insider Activity
In other news, SVP Mohamed Ali sold 8,096 shares of GE Aerospace stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $353.71, for a total value of $2,863,636.16. Following the transaction, the senior vice president directly owned 20,666 shares in the company, valued at approximately $7,309,770.86. The trade was a 28.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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.
See Also
- Five stocks we like better than GE Aerospace
- VIG, VYM, and VYMI: Which Vanguard Dividend ETF Is Right for You?
- 3 Closed-End Funds to Maximize Dividend Payments
- Rocket Lab’s Sell-Off Is Fading—Is It Finally Safe to Buy?
- $27 Billion in Buybacks: 3 Stocks Betting Their Strong Runs Aren’t Over
Receive News & Ratings for GE Aerospace Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GE Aerospace and related companies with MarketBeat.com's FREE daily email newsletter.
