MRA Advisory Group lowered its holdings in GE Aerospace (NYSE:GE – Free Report) by 68.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,043 shares of the company’s stock after selling 2,249 shares during the period. MRA Advisory Group’s holdings in GE Aerospace were worth $326,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Burkett Financial Services LLC increased its position in shares of GE Aerospace by 28.9% during the 2nd quarter. Burkett Financial Services LLC now owns 125 shares of the company’s stock valued at $47,000 after purchasing an additional 28 shares during the last quarter. BOK Financial Private Wealth Inc. boosted its holdings in shares of GE Aerospace by 3.2% in the 2nd quarter. BOK Financial Private Wealth Inc. now owns 960 shares of the company’s stock worth $359,000 after buying an additional 30 shares during the last quarter. Gradient Investments LLC boosted its holdings in shares of GE Aerospace by 4.4% in the 2nd quarter. Gradient Investments LLC now owns 765 shares of the company’s stock worth $286,000 after buying an additional 32 shares during the last quarter. Kinloch Capital LLC grew its position in GE Aerospace by 3.1% during the second quarter. Kinloch Capital LLC now owns 1,079 shares of the company’s stock valued at $403,000 after buying an additional 32 shares during the period. Finally, Saxon Interests Inc. grew its position in GE Aerospace by 2.5% during the fourth quarter. Saxon Interests Inc. now owns 1,351 shares of the company’s stock valued at $416,000 after buying an additional 33 shares during the period. 74.77% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at GE Aerospace
In related news, SVP Mohamed Ali sold 8,096 shares of the firm’s 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 sale, the senior vice president directly owned 20,666 shares of the company’s stock, valued at $7,309,770.86. This trade represents a 28.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.19% of the company’s stock.
Analysts Set New Price Targets
Get Our Latest Analysis on GE Aerospace
GE Aerospace Price Performance
NYSE GE traded down $3.09 during trading hours on Wednesday, hitting $306.30. The company had a trading volume of 1,442,645 shares, compared to its average volume of 5,102,597. The firm has a 50 day simple moving average of $339.25 and a 200 day simple moving average of $327.41. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.67 and a current ratio of 0.98. The firm has a market capitalization of $317.81 billion, a price-to-earnings ratio of 36.08, a PEG ratio of 2.24 and a beta of 1.38. GE Aerospace has a 52 week low of $268.91 and a 52 week high of $388.84.
GE Aerospace (NYSE:GE – Get Free Report) last posted its earnings results on Thursday, July 16th. The company reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.16. GE Aerospace had a net margin of 17.72% and a return on equity of 40.56%. The business had revenue of $12.63 billion for the quarter, compared to analysts’ expectations of $11.87 billion. During the same period in the prior year, the company posted $1.66 EPS. The business’s revenue for the quarter was up 21.1% compared to the same quarter last year. GE Aerospace has set its FY 2026 guidance at 7.650-7.850 EPS. Equities research analysts expect that GE Aerospace will post 7.91 earnings per share for the current year.
GE Aerospace Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Stockholders of record on Monday, October 5th will be issued a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, October 5th. This represents a $1.88 annualized dividend and a dividend yield of 0.6%. GE Aerospace’s payout ratio is presently 22.14%.
GE Aerospace Profile
GE Aerospace is an aerospace and defense company that designs, develops, manufactures and services aircraft engines and integrated systems. Its products support commercial and business aviation, military aircraft, and other specialized aerospace applications.
The company’s offerings include commercial and military jet engines, propulsion systems, avionics, electrical power systems, mechanical systems and digital solutions. GE Aerospace also provides maintenance, repair, overhaul and other lifecycle services intended to support the operation and performance of aircraft and engines.
GE Aerospace serves airlines, aircraft manufacturers, leasing companies, defense organizations and other customers worldwide.
Featured Stories
- Five stocks we like better than GE Aerospace
- Alphabet’s Chart Is Coiling—and the Fundamentals May Be Ready to Back It Up
- Morgan Stanley Is Bullish on Apple—But With a Catch
- Disney Is Opening the Door to Netflix—and Changing the Streaming Playbook
- DraftKings Stacks the Deck: The $800M Prediction Pivot
Want to see what other hedge funds are holding GE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GE Aerospace (NYSE:GE – Free Report).
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.
