GE Aerospace $GE Shares Sold by Jones Financial Companies Lllp

Jones Financial Companies Lllp cut its holdings in GE Aerospace (NYSE:GE) by 4.7% in the 2nd quarter, HoldingsChannel reports. The fund owned 725,826 shares of the company’s stock after selling 35,892 shares during the period. Jones Financial Companies Lllp’s holdings in GE Aerospace were worth $267,849,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blueline Advisors LLC purchased a new stake in GE Aerospace in the fourth quarter valued at approximately $25,000. Ankerstar Wealth LLC acquired a new stake in shares of GE Aerospace in the fourth quarter worth $31,000. Tucker Asset Management LLC bought a new stake in shares of GE Aerospace during the 4th quarter worth $32,000. Paladin Partners LLC bought a new stake in shares of GE Aerospace during the 2nd quarter worth $38,000. Finally, Lifetime Wealth Management P.C. acquired a new position in GE Aerospace in the 4th quarter valued at $40,000. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on GE. Wall Street Zen cut shares of GE Aerospace from a “buy” rating to a “hold” rating in a report on Monday, April 27th. TD Cowen reaffirmed a “buy” rating and issued a $380.00 target price (up from $330.00) on shares of GE Aerospace in a report on Monday, July 13th. UBS Group lifted their price target on GE Aerospace from $426.00 to $435.00 and gave the stock a “buy” rating in a research report on Friday, July 17th. Jefferies Financial Group upped their price target on GE Aerospace from $365.00 to $455.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. Finally, Citigroup reissued a “buy” rating and issued a $431.00 price objective (up from $353.00) on shares of GE Aerospace in a research report on Wednesday, July 1st. Sixteen investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $390.59.

GE Aerospace Stock Down 1.9%

Shares of GE opened at $341.92 on Tuesday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.67 and a current ratio of 0.98. The company has a 50-day simple moving average of $361.09 and a 200-day simple moving average of $327.19. GE Aerospace has a 52 week low of $266.56 and a 52 week high of $388.84. The firm has a market capitalization of $354.76 billion, a P/E ratio of 40.27, a P/E/G ratio of 2.54 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 (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.16. The firm had revenue of $12.63 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the company posted $1.66 earnings per share. GE Aerospace has set its FY 2026 guidance at 7.650-7.850 EPS. On average, equities research analysts expect that GE Aerospace will post 7.91 earnings per share for the current year.

GE Aerospace Announces Dividend

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

Insider Activity

In related news, SVP Mohamed Ali sold 8,096 shares of the company’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 completion of the transaction, the senior vice president directly owned 20,666 shares in the company, valued at approximately $7,309,770.86. This represents a 28.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.19% of the company’s stock.

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.