GE Aerospace $GE Shares Sold by Comerica Bank

Comerica Bank lowered its position in GE Aerospace (NYSE:GEFree Report) by 3.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 202,422 shares of the company’s stock after selling 6,804 shares during the quarter. Comerica Bank’s holdings in GE Aerospace were worth $60,892,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in GE. Bare Financial Services Inc lifted its holdings in shares of GE Aerospace by 81.1% in the second quarter. Bare Financial Services Inc now owns 96 shares of the company’s stock valued at $25,000 after buying an additional 43 shares during the period. REAP Financial Group LLC acquired a new position in GE Aerospace during the third quarter worth about $25,000. Marquette Asset Management LLC acquired a new position in GE Aerospace during the third quarter worth about $26,000. Lavaca Capital LLC raised its position in GE Aerospace by 1,666.7% in the second quarter. Lavaca Capital LLC now owns 106 shares of the company’s stock worth $27,000 after acquiring an additional 100 shares in the last quarter. Finally, Barnes Dennig Private Wealth Management LLC lifted its holdings in GE Aerospace by 147.2% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 89 shares of the company’s stock valued at $27,000 after acquiring an additional 53 shares during the last quarter. Institutional investors own 74.77% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Russell Stokes sold 30,363 shares of the company’s stock in a transaction on Friday, January 30th. The stock was sold at an average price of $306.47, for a total value of $9,305,348.61. Following the completion of the transaction, the senior vice president directly owned 150,434 shares in the company, valued at approximately $46,103,507.98. This represents a 16.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Robert M. Giglietti sold 3,035 shares of the firm’s stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $305.51, for a total transaction of $927,222.85. Following the transaction, the vice president directly owned 10,583 shares of the company’s stock, valued at $3,233,212.33. The trade was a 22.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 37,398 shares of company stock worth $11,455,491. 0.21% of the stock is currently owned by company insiders.

More GE Aerospace News

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

GE Aerospace Stock Down 2.4%

Shares of GE stock opened at $299.25 on Friday. The stock’s 50 day simple moving average is $320.02 and its 200 day simple moving average is $305.32. GE Aerospace has a twelve month low of $159.36 and a twelve month high of $348.48. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.74 and a current ratio of 1.04. The company has a market capitalization of $313.85 billion, a price-to-earnings ratio of 36.76, a PEG ratio of 2.83 and a beta of 1.36.

GE Aerospace (NYSE:GEGet Free Report) last announced its earnings results on Thursday, January 22nd. The company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.43 by $0.14. The firm had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $11.27 billion. GE Aerospace had a net margin of 18.98% and a return on equity of 35.52%. The business’s quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.32 EPS. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. As a group, research analysts predict that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 27th. Shareholders of record on Monday, March 9th will be given a $0.47 dividend. The ex-dividend date is Monday, March 9th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 0.6%. This is an increase from GE Aerospace’s previous quarterly dividend of $0.36. GE Aerospace’s dividend payout ratio is 23.10%.

Analysts Set New Price Targets

Several research firms have issued reports on GE. Wall Street Zen cut GE Aerospace from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. Susquehanna reissued a “positive” rating and set a $380.00 price objective on shares of GE Aerospace in a research note on Thursday, January 15th. Citigroup restated a “buy” rating and issued a $380.00 target price (up from $378.00) on shares of GE Aerospace in a report on Friday, January 23rd. JPMorgan Chase & Co. boosted their target price on GE Aerospace from $325.00 to $335.00 and gave the stock an “overweight” rating in a research report on Monday, January 26th. Finally, Morgan Stanley started coverage on GE Aerospace in a report on Friday, February 20th. They set an “overweight” rating and a $425.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $331.12.

Get Our Latest Stock Report on GE

GE Aerospace Company 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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