Central Pacific Bank Trust Division Grows Stock Position in GE Aerospace $GE

Central Pacific Bank Trust Division raised its position in GE Aerospace (NYSE:GE) by 16.3% in the 2nd quarter, Holdings Channel reports. The fund owned 10,584 shares of the company’s stock after purchasing an additional 1,481 shares during the period. Central Pacific Bank Trust Division’s holdings in GE Aerospace were worth $3,956,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Blueline Advisors LLC purchased a new position in shares of GE Aerospace in the fourth quarter valued at $25,000. Ankerstar Wealth LLC purchased a new stake in GE Aerospace during the 4th quarter worth $31,000. Tucker Asset Management LLC purchased a new stake in GE Aerospace during the 4th quarter worth $32,000. Lifetime Wealth Management P.C. acquired a new position in GE Aerospace in the 4th quarter worth $40,000. Finally, Beaird Harris Wealth Management LLC lifted its holdings in GE Aerospace by 72.0% in the 3rd quarter. Beaird Harris Wealth Management LLC now owns 141 shares of the company’s stock worth $42,000 after buying an additional 59 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.

GE Aerospace Trading Up 2.3%

GE opened at $377.31 on Wednesday. GE Aerospace has a 12-month low of $263.80 and a 12-month high of $382.97. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.98 and a quick ratio of 0.67. The stock has a market capitalization of $391.48 billion, a PE ratio of 44.44, a P/E/G ratio of 2.69 and a beta of 1.36. The firm’s fifty day moving average price is $350.47 and its 200 day moving average price is $321.63.

GE Aerospace (NYSE:GE) last announced its quarterly earnings data on Thursday, July 16th. The company reported $2.02 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.16. The company had revenue of $12.63 billion during the quarter, compared to analyst estimates of $11.87 billion. GE Aerospace had a net margin of 17.72% and a return on equity of 40.56%. The firm’s revenue for the quarter was up 21.1% compared to the same quarter last year. During the same period last year, the business earned $1.66 EPS. GE Aerospace has set its FY 2026 guidance at 7.650-7.850 EPS. As a group, research analysts expect that GE Aerospace will post 7.91 EPS for the current fiscal year.

GE Aerospace Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 27th. Stockholders of record on Monday, July 6th were given a dividend of $0.47 per share. The ex-dividend date of this dividend was Monday, July 6th. This represents a $1.88 annualized dividend and a dividend yield of 0.5%. GE Aerospace’s dividend payout ratio (DPR) is presently 22.14%.

Insider Buying and Selling

In related 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 completion of the transaction, the senior vice president directly owned 20,666 shares in the company, valued at approximately $7,309,770.86. This trade represents a 28.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. UBS Group upped their price objective on shares of GE Aerospace from $426.00 to $435.00 and gave the company a “buy” rating in a research report on Friday, July 17th. Morgan Stanley cut their price target on GE Aerospace from $425.00 to $400.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 22nd. President Capital reduced their price target on GE Aerospace from $355.00 to $342.00 and set a “buy” rating for the company in a report on Wednesday, April 22nd. Sanford C. Bernstein set a $421.00 price objective on GE Aerospace and gave the company an “outperform” rating in a research note on Thursday, July 23rd. Finally, Wells Fargo & Company restated an “overweight” rating and set a $390.00 price objective on shares of GE Aerospace in a research note on Monday, July 20th. Sixteen investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, GE Aerospace currently has an average rating of “Moderate Buy” and an average price target of $390.59.

About GE Aerospace

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.