Spartan Wealth Advisory Services LLC Acquires New Stake in GE Aerospace $GE

Spartan Wealth Advisory Services LLC acquired a new stake in shares of GE Aerospace (NYSE:GEFree Report) in the first quarter, Holdings Channel reports. The firm acquired 4,468 shares of the company’s stock, valued at approximately $1,268,000.

Other hedge funds have also added to or reduced their stakes in the company. Blueline Advisors LLC bought a new position in GE Aerospace in the 4th quarter worth about $25,000. Ankerstar Wealth LLC bought a new stake in GE Aerospace during the 4th quarter valued at about $31,000. Tucker Asset Management LLC bought a new stake in GE Aerospace during the 4th quarter valued at about $32,000. Lifetime Wealth Management P.C. bought a new stake in GE Aerospace during the 4th quarter valued at about $40,000. Finally, Beaird Harris Wealth Management LLC raised its holdings in GE Aerospace by 72.0% in the third quarter. Beaird Harris Wealth Management LLC now owns 141 shares of the company’s stock worth $42,000 after buying an additional 59 shares during the last quarter. 74.77% of the stock is owned by institutional investors.

GE Aerospace Stock Down 0.1%

GE opened at $348.58 on Monday. The stock has a market capitalization of $361.67 billion, a price-to-earnings ratio of 41.06, a PEG ratio of 2.92 and a beta of 1.35. The firm has a 50 day moving average price of $336.31 and a 200-day moving average price of $318.56. GE Aerospace has a twelve month low of $254.66 and a twelve month high of $382.97. The company has a quick ratio of 0.67, a current ratio of 0.98 and a debt-to-equity ratio of 0.96.

GE Aerospace (NYSE:GEGet Free Report) last issued its earnings results on Thursday, July 16th. The company reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.16. GE Aerospace had a net margin of 17.72% and a return on equity of 40.56%. The company had revenue of $12.63 billion for the quarter, compared to analysts’ expectations of $11.87 billion. During the same quarter last year, the company posted $1.66 earnings per share. The firm’s quarterly revenue was up 21.1% on a year-over-year basis. GE Aerospace has set its FY 2026 guidance at 7.650-7.850 EPS. Equities research analysts forecast that GE Aerospace will post 7.93 earnings per share for the current year.

GE Aerospace Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Zacks Research downgraded shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Sanford C. Bernstein reissued an “outperform” rating on shares of GE Aerospace in a research report on Tuesday, July 14th. BNP Paribas Exane decreased their price objective on shares of GE Aerospace from $300.00 to $270.00 and set an “underperform” rating for the company in a report on Thursday, May 14th. UBS Group upped their price objective on GE Aerospace from $426.00 to $435.00 and gave the company a “buy” rating in a research report on Friday. Finally, President Capital cut their target price on GE Aerospace from $355.00 to $342.00 and set a “buy” rating on the stock in a research note on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $370.33.

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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.

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

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