CoreCap Advisors LLC Boosts Stake in GE Aerospace $GE

CoreCap Advisors LLC lifted its position in GE Aerospace (NYSE:GEFree Report) by 24.1% in the 4th quarter, Holdings Channel reports. The fund owned 16,556 shares of the company’s stock after acquiring an additional 3,220 shares during the quarter. CoreCap Advisors LLC’s holdings in GE Aerospace were worth $5,100,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bare Financial Services Inc lifted its position in GE Aerospace by 81.1% during 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 purchased a new stake in shares of GE Aerospace in the 3rd quarter worth about $25,000. Marquette Asset Management LLC purchased a new stake in shares of GE Aerospace in the 3rd quarter worth about $26,000. Lavaca Capital LLC increased its stake in shares of GE Aerospace by 1,666.7% in the 2nd 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 increased its stake in shares of GE Aerospace by 147.2% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 89 shares of the company’s stock worth $27,000 after acquiring an additional 53 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.

GE Aerospace Stock Down 3.7%

NYSE:GE opened at $285.50 on Friday. The firm has a market cap of $299.44 billion, a P/E ratio of 35.07, a P/E/G ratio of 2.74 and a beta of 1.36. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.74 and a current ratio of 1.04. GE Aerospace has a fifty-two week low of $159.36 and a fifty-two week high of $348.48. The firm has a 50-day simple moving average of $314.96 and a two-hundred day simple moving average of $306.44.

GE Aerospace (NYSE:GEGet Free Report) last issued its earnings results on Thursday, January 22nd. The company reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.14. GE Aerospace had a net margin of 18.98% and a return on equity of 35.52%. The firm had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $11.27 billion. During the same quarter in the prior year, the firm posted $1.32 earnings per share. The business’s revenue was up 17.6% 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 5.4 earnings per share for the current fiscal year.

GE Aerospace Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 27th. Investors of record on Monday, March 9th will be given a $0.47 dividend. This is a boost from GE Aerospace’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Monday, March 9th. This represents a $1.88 annualized dividend and a yield of 0.7%. GE Aerospace’s payout ratio is currently 23.10%.

Wall Street Analysts Forecast Growth

GE has been the topic of several research reports. 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. BNP Paribas Exane lowered their target price on shares of GE Aerospace from $305.00 to $290.00 and set an “underperform” rating for the company in a report on Friday, January 23rd. Sanford C. Bernstein boosted their price target on GE Aerospace from $374.00 to $405.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 3rd. Citigroup reaffirmed a “buy” rating and set a $380.00 price objective (up from $378.00) on shares of GE Aerospace in a research report on Friday, January 23rd. Finally, Morgan Stanley initiated coverage on GE Aerospace in a research note on Friday, February 20th. They set an “overweight” rating and a $425.00 price objective for the company. Sixteen analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, GE Aerospace has an average rating of “Moderate Buy” and a consensus target price of $331.12.

Read Our Latest Report on GE Aerospace

More GE Aerospace News

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

Insider Buying and Selling at GE Aerospace

In other news, VP Robert M. Giglietti sold 3,035 shares of the business’s stock in a transaction on Friday, January 30th. The stock was sold at an average price of $305.51, for a total value of $927,222.85. Following the completion of the transaction, the vice president owned 10,583 shares in the company, valued at $3,233,212.33. The trade was a 22.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Russell Stokes sold 30,363 shares of the company’s stock in a transaction on Friday, January 30th. The shares were sold at an average price of $306.47, for a total value of $9,305,348.61. Following the transaction, the senior vice president directly owned 150,434 shares in the company, valued at approximately $46,103,507.98. The trade was a 16.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 37,398 shares of company stock worth $11,455,491. Insiders own 0.19% of the company’s stock.

About GE Aerospace

(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.

Featured Stories

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:GEFree Report).

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

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.