Van Diest Capital LLC grew its stake in shares of GE Aerospace (NYSE:GE – Free Report) by 153.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,464 shares of the company’s stock after acquiring an additional 1,493 shares during the quarter. Van Diest Capital LLC’s holdings in GE Aerospace were worth $699,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Blueline Advisors LLC bought a new position in GE Aerospace during the fourth quarter valued at approximately $25,000. Ankerstar Wealth LLC bought a new stake in GE Aerospace in the 4th quarter worth approximately $31,000. Tucker Asset Management LLC bought a new stake in GE Aerospace in the 4th quarter worth approximately $32,000. Lifetime Wealth Management P.C. purchased a new stake in GE Aerospace during the 4th quarter valued at $40,000. Finally, Beaird Harris Wealth Management LLC raised its stake in GE Aerospace by 72.0% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 141 shares of the company’s stock valued at $42,000 after buying an additional 59 shares during the last quarter. 74.77% of the stock is currently owned by institutional investors.
GE Aerospace Trading Up 1.4%
Shares of NYSE:GE opened at $353.71 on Friday. The stock has a 50 day moving average of $341.50 and a 200 day moving average of $319.67. The company has a market cap of $367.00 billion, a PE ratio of 41.66, a price-to-earnings-growth ratio of 2.70 and a beta of 1.35. GE Aerospace has a 12-month low of $261.71 and a 12-month high of $382.97. The company has a current ratio of 0.98, a quick ratio of 0.67 and a debt-to-equity ratio of 0.96.
GE Aerospace Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 27th. Stockholders of record on Monday, July 6th will be paid a $0.47 dividend. The ex-dividend date of this dividend is Monday, July 6th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 0.5%. GE Aerospace’s dividend payout ratio is 22.14%.
Wall Street Analyst Weigh In
GE has been the topic of a number of research reports. Seaport Research Partners assumed coverage on GE Aerospace in a research note on Tuesday, May 26th. They issued a “buy” rating and a $375.00 price target on the stock. Weiss Ratings upgraded GE Aerospace from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, July 17th. Susquehanna reissued a “positive” rating and issued a $430.00 target price (up from $380.00) on shares of GE Aerospace in a report on Thursday, July 9th. Royal Bank Of Canada reissued an “outperform” rating and issued a $400.00 target price (up from $355.00) on shares of GE Aerospace in a research report on Wednesday, July 15th. Finally, BNP Paribas Exane cut their price target on GE Aerospace from $300.00 to $270.00 and set an “underperform” rating for the company in a research note on Thursday, May 14th. Sixteen analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $386.88.
Get Our Latest Stock Analysis on GE
Trending Headlines about GE Aerospace
Here are the key news stories impacting GE Aerospace this week:
- Positive Sentiment: GE Aerospace and CFM announced commitments for about 1,800 engines, highlighted by IndiGo’s order for more than 1,000 LEAP-1A engines — the largest single LEAP order ever and a major backlog booster. GE Aerospace Wraps Historic Farnborough Airshow
- Positive Sentiment: The company also won additional widebody engine business, including GEnx-1B orders for Philippine Airlines and AerCap, reinforcing demand in the commercial services and engines franchise. GE Aerospace Wraps Historic Farnborough Airshow
- Positive Sentiment: GE Aerospace said FAA and EASA certified durability upgrades for the LEAP-1B engine, which should reduce maintenance burden and improve engine time on wing — a favorable sign for margins and aftermarket revenue. GE Aerospace Concludes Farnborough Airshow with Record Engine Orders, Durability Advances and Hybrid Electric Flight Milestones
- Positive Sentiment: Management also highlighted a milestone in hybrid-electric flight above 30,000 feet and new defense-related collaborations, signaling continued investment in future aerospace technologies and military demand. GE Aerospace Wraps Historic Farnborough Airshow
- Neutral Sentiment: Several analyst notes and stock-trend articles are also keeping GE in focus, but the main stock-moving catalyst today appears to be the company’s strong order announcements and product-certificate news. GE Aerospace (GE) Is a Trending Stock: Facts to Know Before Betting on It
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.
Featured Stories
- Five stocks we like better than GE Aerospace
- Telecom Earnings Reveal a Sector That Finally Looks Healthier
- Defense Earnings Show Readiness Now and Modernization Ahead
- Why Palantir Investors Aren’t Panicking While the Rest of AI Sells Off
- MarketBeat Week in Review – 07/20- 07/24
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.
