GE Aerospace $GE Shares Purchased by Precision Wealth Strategies LLC

Precision Wealth Strategies LLC increased its stake in shares of GE Aerospace (NYSE:GEFree Report) by 8.9% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 30,720 shares of the company’s stock after buying an additional 2,517 shares during the quarter. GE Aerospace comprises 2.9% of Precision Wealth Strategies LLC’s holdings, making the stock its 5th largest position. Precision Wealth Strategies LLC’s holdings in GE Aerospace were worth $8,717,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Blueline Advisors LLC purchased a new stake in GE Aerospace in the 4th quarter valued at $25,000. Ankerstar Wealth LLC purchased a new position in shares of GE Aerospace during the 4th quarter worth $31,000. Tucker Asset Management LLC purchased a new position in shares of GE Aerospace during the 4th quarter worth $32,000. Lifetime Wealth Management P.C. acquired a new position in shares of GE Aerospace during the 4th quarter valued at about $40,000. Finally, Beaird Harris Wealth Management LLC boosted its position in shares of GE Aerospace by 72.0% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 141 shares of the company’s stock valued at $42,000 after acquiring an additional 59 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

GE Aerospace News Summary

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

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on GE. 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 objective for the company. Weiss Ratings raised shares of GE Aerospace from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday. Daiwa Securities Group assumed coverage on shares of GE Aerospace in a report on Tuesday, March 31st. They issued a “neutral” rating and a $301.00 target price on the stock. TD Cowen reissued a “buy” rating and issued a $380.00 price target (up from $330.00) on shares of GE Aerospace in a research note on Monday, July 13th. Finally, Wells Fargo & Company began coverage on shares of GE Aerospace in a report on Wednesday, April 1st. They set an “overweight” rating and a $325.00 price target for the company. One investment 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $370.33.

Check Out Our Latest Analysis on GE

GE Aerospace Stock Performance

Shares of GE Aerospace stock opened at $348.58 on Friday. The firm has a market cap of $363.69 billion, a PE ratio of 41.06, a price-to-earnings-growth ratio of 2.98 and a beta of 1.35. The company has a quick ratio of 0.70, a current ratio of 0.98 and a debt-to-equity ratio of 0.96. GE Aerospace has a 52 week low of $254.66 and a 52 week high of $382.97. The business’s fifty day simple moving average is $336.31 and its 200-day simple moving average is $318.52.

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

GE Aerospace Announces Dividend

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

GE Aerospace 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

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

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