Ieq Capital LLC Trims Position in GE Aerospace $GE

Ieq Capital LLC reduced its holdings in GE Aerospace (NYSE:GE) by 12.8% during the 2nd quarter, Holdings Channel reports. The fund owned 244,985 shares of the company’s stock after selling 36,038 shares during the period. Ieq Capital LLC’s holdings in GE Aerospace were worth $91,558,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Burkett Financial Services LLC lifted its position in GE Aerospace by 28.9% during the second quarter. Burkett Financial Services LLC now owns 125 shares of the company’s stock valued at $47,000 after purchasing an additional 28 shares during the period. BOK Financial Private Wealth Inc. boosted its holdings in GE Aerospace by 3.2% in the second quarter. BOK Financial Private Wealth Inc. now owns 960 shares of the company’s stock valued at $359,000 after purchasing an additional 30 shares during the last quarter. High Falls Advisors Inc grew its position in GE Aerospace by 3.0% during the 4th quarter. High Falls Advisors Inc now owns 1,069 shares of the company’s stock worth $329,000 after purchasing an additional 31 shares during the period. Gradient Investments LLC grew its position in GE Aerospace by 4.4% during the 2nd quarter. Gradient Investments LLC now owns 765 shares of the company’s stock worth $286,000 after purchasing an additional 32 shares during the period. Finally, LRI Investments LLC raised its stake in shares of GE Aerospace by 1.4% during the 4th quarter. LRI Investments LLC now owns 2,390 shares of the company’s stock valued at $736,000 after buying an additional 33 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Susquehanna reissued a “positive” rating and issued a $430.00 price objective (up from $380.00) on shares of GE Aerospace in a report on Thursday, July 9th. JPMorgan Chase & Co. raised their target price on GE Aerospace from $335.00 to $400.00 and gave the stock an “overweight” rating in a report on Monday, July 20th. Weiss Ratings upgraded GE Aerospace from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, July 17th. Wall Street Zen downgraded GE Aerospace from a “buy” rating to a “hold” rating in a report on Monday, April 27th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $450.00 price objective on shares of GE Aerospace in a research report on Monday, July 27th. Sixteen equities research 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, GE Aerospace currently has a consensus rating of “Moderate Buy” and a consensus price target of $390.59.

GE Aerospace Stock Up 1.2%

Shares of NYSE GE opened at $348.85 on Friday. GE Aerospace has a 52-week low of $266.37 and a 52-week high of $388.84. 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 simple moving average is $361.10 and its 200-day simple moving average is $326.84. The firm has a market cap of $361.95 billion, a price-to-earnings ratio of 41.09, a price-to-earnings-growth ratio of 2.52 and a beta of 1.36.

GE Aerospace (NYSE:GE) last issued 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. GE Aerospace had a net margin of 17.72% and a return on equity of 40.56%. The firm had revenue of $12.63 billion for the quarter, compared to analyst estimates of $11.87 billion. During the same period last year, the company posted $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 predict that GE Aerospace will post 7.91 EPS for the current fiscal year.

GE Aerospace Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 27th. Stockholders of record on Monday, July 6th were given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Monday, July 6th. GE Aerospace’s dividend payout ratio (DPR) is 22.14%.

Insiders Place Their Bets

In other GE Aerospace news, SVP Mohamed Ali sold 8,096 shares of the firm’s stock in a transaction 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 transaction, the senior vice president owned 20,666 shares in the company, valued at approximately $7,309,770.86. This trade represents a 28.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.19% of the company’s stock.

GE Aerospace Company 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.