Frontier Asset Management LLC Makes New $1.32 Million Investment in GE Aerospace $GE

Frontier Asset Management LLC bought a new stake in GE Aerospace (NYSE:GEFree Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 4,655 shares of the company’s stock, valued at approximately $1,321,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Blueline Advisors LLC bought a new stake in shares of GE Aerospace during the 4th quarter worth $25,000. Ankerstar Wealth LLC bought a new position in GE Aerospace in the fourth quarter valued at about $31,000. Tucker Asset Management LLC bought a new position in GE Aerospace in the fourth quarter valued at about $32,000. Lifetime Wealth Management P.C. acquired a new position in GE Aerospace during the fourth quarter worth about $40,000. Finally, Beaird Harris Wealth Management LLC lifted its holdings in shares of 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 acquiring an additional 59 shares during the last quarter. Institutional investors own 74.77% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on GE shares. BNP Paribas Exane reduced their price target on shares of GE Aerospace from $300.00 to $270.00 and set an “underperform” rating on the stock in a research note on Thursday, May 14th. UBS Group upped their price objective on shares of GE Aerospace from $426.00 to $435.00 and gave the stock a “buy” rating in a research report on Friday. Sanford C. Bernstein reissued an “outperform” rating on shares of GE Aerospace in a research note on Tuesday. TD Cowen restated a “buy” rating and issued a $380.00 target price (up from $330.00) on shares of GE Aerospace in a research report on Monday. Finally, Jefferies Financial Group boosted their target price on shares of GE Aerospace from $365.00 to $455.00 and gave the stock a “buy” rating in a research note on Thursday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued 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, GE Aerospace currently has an average rating of “Moderate Buy” and an average price target of $370.33.

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GE Aerospace News Roundup

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

GE Aerospace Stock Performance

GE Aerospace stock opened at $348.58 on Friday. The business has a 50 day moving average of $336.31 and a 200-day moving average of $318.52. GE Aerospace has a 1 year low of $254.66 and a 1 year 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 0.70. The company has a market capitalization of $363.69 billion, a P/E ratio of 41.06, a P/E/G ratio of 2.96 and a beta of 1.35.

GE Aerospace (NYSE:GEGet Free Report) last posted its earnings results on Thursday, July 16th. The company reported $2.02 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 business had revenue of $12.63 billion for the quarter, compared to the consensus estimate of $11.87 billion. During the same period last year, the company earned $1.66 EPS. The firm’s revenue was up 21.1% compared to the same quarter last year. GE Aerospace has set its FY 2026 guidance at 7.650-7.850 EPS. On average, equities research analysts predict that GE Aerospace will post 7.75 earnings per share for the current year.

GE Aerospace Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 27th. Stockholders 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 (DPR) is presently 23.15%.

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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