GE Aerospace $GE Shares Sold by Journey Advisory Group LLC

Journey Advisory Group LLC reduced its position in GE Aerospace (NYSE:GEFree Report) by 5.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,364 shares of the company’s stock after selling 1,842 shares during the period. Journey Advisory Group LLC’s holdings in GE Aerospace were worth $8,333,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Harmony Asset Management LLC raised its stake in shares of GE Aerospace by 5.9% during the 1st quarter. Harmony Asset Management LLC now owns 965 shares of the company’s stock worth $274,000 after buying an additional 54 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its stake in GE Aerospace by 44.5% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 662,739 shares of the company’s stock valued at $188,262,000 after acquiring an additional 204,213 shares during the last quarter. MASTERINVEST Kapitalanlage GmbH increased its holdings in GE Aerospace by 31.9% during the 1st quarter. MASTERINVEST Kapitalanlage GmbH now owns 12,112 shares of the company’s stock valued at $3,437,000 after acquiring an additional 2,928 shares in the last quarter. NFSG Corp increased its holdings in GE Aerospace by 4.9% during the 1st quarter. NFSG Corp now owns 14,997 shares of the company’s stock valued at $4,256,000 after acquiring an additional 694 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its position in GE Aerospace by 14.1% during the first quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 39,544 shares of the company’s stock worth $11,235,000 after acquiring an additional 4,900 shares during the last quarter. 74.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on GE shares. Seaport Research Partners assumed coverage on shares of GE Aerospace in a report on Tuesday, May 26th. They issued a “buy” rating and a $375.00 price target on the stock. President Capital dropped their price objective on shares of GE Aerospace from $355.00 to $342.00 and set a “buy” rating for the company in a research note on Wednesday, April 22nd. UBS Group cut their price objective on GE Aerospace from $357.00 to $350.00 and set a “buy” rating for the company in a research report on Wednesday, April 22nd. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of GE Aerospace in a research note on Tuesday. Finally, Wall Street Zen lowered GE Aerospace from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $365.61.

Read Our Latest Research Report on GE Aerospace

GE Aerospace Trading Up 1.8%

GE Aerospace stock opened at $360.09 on Thursday. The stock has a 50-day moving average price of $334.41 and a 200 day moving average price of $318.09. GE Aerospace has a 52 week low of $254.66 and a 52 week high of $382.97. The stock has a market cap of $375.69 billion, a PE ratio of 44.35, a P/E/G ratio of 3.13 and a beta of 1.35. The company has a current ratio of 1.01, a quick ratio of 0.70 and a debt-to-equity ratio of 0.99.

GE Aerospace (NYSE:GEGet Free Report) last released its earnings results on Tuesday, April 21st. The company reported $1.86 earnings per share (EPS) for the quarter, beating 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 company had revenue of $11.61 billion for the quarter, compared to analyst estimates of $11.61 billion. During the same period in the prior year, the firm earned $1.49 EPS. The firm’s quarterly revenue was up 24.6% on a year-over-year basis. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. Equities research analysts predict that GE Aerospace will post 7.49 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

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

Key GE Aerospace News

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

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.

Further Reading

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

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