GE Aerospace $GE Shares Bought by Folger Nolan Fleming Douglas Capital Management Inc.

Folger Nolan Fleming Douglas Capital Management Inc. raised its holdings in shares of GE Aerospace (NYSE:GE) by 105.2% in the 1st quarter, HoldingsChannel.com reports. The fund owned 20,142 shares of the company’s stock after buying an additional 10,324 shares during the quarter. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in GE Aerospace were worth $5,716,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in GE. Blueline Advisors LLC acquired a new stake in shares of GE Aerospace in the fourth quarter worth $25,000. Ankerstar Wealth LLC acquired a new position in GE Aerospace during the fourth quarter valued at $31,000. Tucker Asset Management LLC purchased a new stake in GE Aerospace in the fourth quarter valued at $32,000. Lifetime Wealth Management P.C. purchased a new stake in GE Aerospace in the fourth quarter valued at $40,000. Finally, Legacy Bridge LLC grew its position in GE Aerospace by 3,375.0% during the 4th quarter. Legacy Bridge LLC now owns 139 shares of the company’s stock worth $43,000 after purchasing an additional 135 shares during the period. 74.77% of the stock is owned by hedge funds and other institutional investors.

GE Aerospace Stock Up 0.9%

GE stock opened at $372.42 on Tuesday. GE Aerospace has a one year low of $243.34 and a one year high of $379.67. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.70 and a current ratio of 1.01. The firm’s fifty day moving average is $316.24 and its 200 day moving average is $312.80. The firm has a market cap of $388.56 billion, a PE ratio of 45.86, a P/E/G ratio of 3.27 and a beta of 1.37.

GE Aerospace (NYSE:GE) last issued its quarterly earnings data on Tuesday, April 21st. The company reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $0.26. GE Aerospace had a net margin of 17.86% and a return on equity of 37.99%. The business had revenue of $11.61 billion during the quarter, compared to the consensus estimate of $11.61 billion. During the same quarter in the prior year, the firm posted $1.49 earnings per share. The company’s revenue was up 24.6% compared to the same quarter last year. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. On average, research analysts forecast that GE Aerospace will post 7.48 EPS for the current year.

GE Aerospace Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 27th. Investors of record on Monday, July 6th will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Monday, July 6th. GE Aerospace’s payout ratio is currently 23.15%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on GE shares. Zacks Research lowered GE Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Weiss Ratings downgraded GE Aerospace from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, June 1st. President Capital dropped their target price on GE Aerospace from $355.00 to $342.00 and set a “buy” rating on the stock in a report on Wednesday, April 22nd. TD Cowen reduced their price target on GE Aerospace from $350.00 to $330.00 and set a “buy” rating for the company in a research report on Wednesday, April 8th. Finally, Wall Street Zen downgraded GE Aerospace from a “buy” rating to a “hold” rating in a report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $348.22.

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.