GE Aerospace $GE Stake Cut by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI lessened its holdings in shares of GE Aerospace (NYSE:GEFree Report) by 26.5% during the 1st quarter, HoldingsChannel reports. The fund owned 55,110 shares of the company’s stock after selling 19,913 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in GE Aerospace were worth $15,639,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Brighton Jones LLC grew its position in GE Aerospace by 25.3% during the fourth quarter. Brighton Jones LLC now owns 12,008 shares of the company’s stock valued at $2,003,000 after purchasing an additional 2,421 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake in shares of GE Aerospace by 7.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company’s stock valued at $375,000 after buying an additional 150 shares during the period. Sivia Capital Partners LLC boosted its stake in shares of GE Aerospace by 4.6% during the 2nd quarter. Sivia Capital Partners LLC now owns 4,337 shares of the company’s stock valued at $1,116,000 after buying an additional 191 shares during the period. Main Street Financial Solutions LLC grew its holdings in shares of GE Aerospace by 348.6% during the 2nd quarter. Main Street Financial Solutions LLC now owns 5,899 shares of the company’s stock valued at $1,518,000 after acquiring an additional 4,584 shares in the last quarter. Finally, HUB Investment Partners LLC grew its holdings in shares of GE Aerospace by 4.2% during the 2nd quarter. HUB Investment Partners LLC now owns 9,035 shares of the company’s stock valued at $2,326,000 after acquiring an additional 366 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

Key GE Aerospace News

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

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Susquehanna reiterated a “positive” rating and set a $430.00 price objective (up from $380.00) on shares of GE Aerospace in a report on Thursday, July 9th. UBS Group boosted their target price on GE Aerospace from $426.00 to $435.00 and gave the company a “buy” rating in a research note on Friday. Morgan Stanley dropped their target price on GE Aerospace from $425.00 to $400.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 22nd. Seaport Research Partners initiated coverage on GE Aerospace in a research note on Tuesday, May 26th. They set a “buy” rating and a $375.00 price target for the company. Finally, President Capital reduced their price target on GE Aerospace from $355.00 to $342.00 and set a “buy” rating for the company in a report on Wednesday, April 22nd. Seventeen analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $380.89.

Check Out Our Latest Stock Report on GE

GE Aerospace Trading Down 2.1%

NYSE:GE opened at $341.41 on Tuesday. GE Aerospace has a 12 month low of $254.66 and a 12 month high of $382.97. The firm has a market cap of $354.23 billion, a price-to-earnings ratio of 40.21, a P/E/G ratio of 2.92 and a beta of 1.35. The company has a quick ratio of 0.67, a current ratio of 0.98 and a debt-to-equity ratio of 0.96. The company’s 50 day moving average is $337.12 and its 200-day moving average is $318.77.

GE Aerospace (NYSE:GEGet Free Report) last posted its quarterly earnings data 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 business had revenue of $12.63 billion during the quarter, compared to the consensus estimate of $11.87 billion. During the same period in the prior year, the firm earned $1.66 EPS. GE Aerospace’s quarterly 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. Equities analysts anticipate that GE Aerospace will post 7.93 EPS for the current year.

GE Aerospace Dividend Announcement

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 given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, July 6th. GE Aerospace’s dividend payout ratio (DPR) is currently 22.14%.

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.

See Also

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

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