EverSource Wealth Advisors LLC boosted its position in shares of GE Aerospace (NYSE:GE – Free Report) by 21.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,399 shares of the company’s stock after acquiring an additional 1,983 shares during the period. EverSource Wealth Advisors LLC’s holdings in GE Aerospace were worth $3,235,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Auto Owners Insurance Co increased its position in shares of GE Aerospace by 52,247.5% during the fourth quarter. Auto Owners Insurance Co now owns 65,721,281 shares of the company’s stock worth $2,024,413,000 after purchasing an additional 65,595,733 shares in the last quarter. Norges Bank purchased a new stake in GE Aerospace in the fourth quarter valued at about $4,444,736,000. Jennison Associates LLC boosted its holdings in GE Aerospace by 37.7% in the first quarter. Jennison Associates LLC now owns 11,026,006 shares of the company’s stock worth $3,128,850,000 after acquiring an additional 3,017,937 shares in the last quarter. Corient Private Wealth LLC grew its stake in shares of GE Aerospace by 382.1% during the fourth quarter. Corient Private Wealth LLC now owns 2,757,281 shares of the company’s stock worth $849,325,000 after acquiring an additional 2,185,321 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of GE Aerospace by 1,200.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,847,011 shares of the company’s stock valued at $568,935,000 after acquiring an additional 1,705,005 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.
GE Aerospace Stock Down 3.5%
NYSE:GE opened at $350.94 on Thursday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.98 and a quick ratio of 0.67. The company’s fifty day moving average price is $345.62 and its 200-day moving average price is $320.42. GE Aerospace has a 1-year low of $261.71 and a 1-year high of $382.97. The firm has a market capitalization of $364.12 billion, a P/E ratio of 41.34, a PEG ratio of 2.78 and a beta of 1.35.
GE Aerospace Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, July 27th. Investors of record on Monday, July 6th were given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 0.5%. The ex-dividend date was Monday, July 6th. GE Aerospace’s dividend payout ratio (DPR) is currently 22.14%.
Trending Headlines about GE Aerospace
Here are the key news stories impacting GE Aerospace this week:
- Positive Sentiment: Commercial engine demand remains a key support. Analysts expect a strong engine market to benefit GE Aerospace’s equipment, services and aftermarket businesses. The company’s latest quarterly results also showed substantial year-over-year revenue growth and an earnings beat, reinforcing its operating momentum. Woodward, Howmet Likely to Benefit From Strong Engine Market
- Positive Sentiment: Middle East updates highlight product durability and airline relationships. GE Aerospace showcased flight-performance milestones and technology improvements supporting Middle Eastern carriers. While the announcements did not include a major new contract, they provide a favorable signal for the company’s commercial aerospace franchise. GE Aerospace Showcases the Future of Flight
- Neutral Sentiment: GE’s performance is being compared with other aerospace stocks. A Zacks analysis examines whether GE Aerospace has outperformed or lagged peers such as HEICO this year. The comparison may influence investor positioning, but the report does not identify a new fundamental change at GE. Are Aerospace Stocks Lagging GE Aerospace This Year?
- Negative Sentiment: A senior executive sold a sizable position. SVP Mohamed Ali sold 8,096 shares for approximately $2.86 million, reducing his direct holdings by 28.15%. The sale may create modest sentiment pressure, although he continues to own a significant stake and the transaction does not necessarily indicate a change in company fundamentals. GE Aerospace SVP Sells Stock
- Negative Sentiment: Valuation leaves limited room for disappointment. Commentary describes GE Aerospace as a high-quality business with recurring aftermarket revenue, but its premium valuation means execution, demand and guidance must remain strong for further gains. This valuation concern is likely contributing to the weaker trading session. GE Aerospace Slumps: Buy the Dip or Avoid?
Insiders Place Their Bets
In other GE Aerospace news, SVP Mohamed Ali sold 8,096 shares of the business’s stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $353.71, for a total value of $2,863,636.16. Following the completion of the transaction, the senior vice president directly owned 20,666 shares of the company’s stock, valued at approximately $7,309,770.86. The trade was a 28.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.19% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms recently commented on GE. JPMorgan Chase & Co. lifted their target price on shares of GE Aerospace from $335.00 to $400.00 and gave the stock an “overweight” rating in a research note on Monday, July 20th. TD Cowen restated a “buy” rating and set a $380.00 price target (up from $330.00) on shares of GE Aerospace in a research note on Monday, July 13th. Jefferies Financial Group raised their price target on shares of GE Aerospace from $365.00 to $455.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. Sanford C. Bernstein set a $421.00 price objective on shares of GE Aerospace and gave the stock an “outperform” rating in a research note on Thursday, July 23rd. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $450.00 price objective on shares of GE Aerospace in a report on Monday. Sixteen analysts have rated the stock with 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 presently has an average rating of “Moderate Buy” and a consensus price target of $390.59.
Read Our Latest Research Report on GE
GE Aerospace Profile
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.
Featured Articles
- Five stocks we like better than GE Aerospace
- Why SK hynix Could Be the Best AI Chip Stock to Buy Now
- Seagate Technology Stock Surges as Earnings Beat Silences AI Doubters
- Alphabet Is Down 18% From Its High After a Stellar Quarter—Overdone, or More Downside Ahead?
- Why Bloom Energy May Be the Most Important AI Infrastructure Stock
Want to see what other hedge funds are holding GE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GE Aerospace (NYSE:GE – Free Report).
Receive News & Ratings for GE Aerospace Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GE Aerospace and related companies with MarketBeat.com's FREE daily email newsletter.
