SteelPeak Wealth LLC Has $4.07 Million Holdings in GE Aerospace $GE

SteelPeak Wealth LLC lifted its stake in shares of GE Aerospace (NYSE:GEFree Report) by 21.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,334 shares of the company’s stock after acquiring an additional 2,572 shares during the period. SteelPeak Wealth LLC’s holdings in GE Aerospace were worth $4,073,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

A number of equities research analysts recently issued reports on GE shares. Daiwa Securities Group initiated coverage on GE Aerospace in a research report on Tuesday, March 31st. They issued a “neutral” rating and a $301.00 target price on the stock. Morgan Stanley reduced their price target on GE Aerospace from $425.00 to $400.00 and set an “overweight” rating for the company in a research report on Wednesday, April 22nd. Royal Bank Of Canada reiterated an “outperform” rating and issued a $400.00 price objective (up from $355.00) on shares of GE Aerospace in a report on Wednesday. Wells Fargo & Company initiated coverage on shares of GE Aerospace in a report on Wednesday, April 1st. They issued an “overweight” rating and a $325.00 price objective on the stock. Finally, President Capital cut their price objective on shares of GE Aerospace from $355.00 to $342.00 and set a “buy” rating on the stock in a research report on Wednesday, April 22nd. One research 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, GE Aerospace currently has an average rating of “Moderate Buy” and a consensus price target of $365.61.

Get Our Latest Analysis on GE Aerospace

GE Aerospace News Roundup

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

GE Aerospace Stock Performance

Shares of NYSE GE opened at $346.16 on Friday. The stock has a 50 day moving average price of $335.28 and a 200 day moving average price of $318.30. GE Aerospace has a 52 week low of $254.66 and a 52 week high of $382.97. 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 stock has a market capitalization of $361.16 billion, a PE ratio of 42.63, a price-to-earnings-growth ratio of 3.19 and a beta of 1.35.

GE Aerospace (NYSE:GEGet Free Report) last posted its quarterly earnings results on Thursday, July 16th. The company reported $2.02 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.16. The firm had revenue of $12.63 billion during the quarter, compared to the consensus estimate of $12.24 billion. GE Aerospace had a return on equity of 37.99% and a net margin of 17.86%.The business’s revenue was up 21.1% compared to the same quarter last year. During the same period last year, the company earned $1.66 earnings per share. GE Aerospace has set its FY 2026 guidance at 7.650-7.850 EPS. Analysts predict that GE Aerospace will post 7.49 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 27th. Stockholders of record on Monday, July 6th will be issued a $0.47 dividend. 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 23.15%.

GE Aerospace Company Profile

(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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