8,982 Shares in GE Aerospace $GE Acquired by North Star Asset Management Inc.

North Star Asset Management Inc. acquired a new stake in shares of GE Aerospace (NYSE:GEFree Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 8,982 shares of the company’s stock, valued at approximately $3,357,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Allworth Financial LP raised its stake in shares of GE Aerospace by 7.6% during the 4th quarter. Allworth Financial LP now owns 76,867 shares of the company’s stock valued at $23,677,000 after buying an additional 5,434 shares during the last quarter. NewEdge Wealth LLC raised its stake in shares of GE Aerospace by 92.2% during the 4th quarter. NewEdge Wealth LLC now owns 20,142 shares of the company’s stock worth $6,204,000 after buying an additional 9,663 shares during the period. CenterBook Partners LP lifted its holdings in GE Aerospace by 892.6% during the fourth quarter. CenterBook Partners LP now owns 49,788 shares of the company’s stock valued at $15,336,000 after purchasing an additional 44,772 shares in the last quarter. Clough Capital Partners L P lifted its stake in GE Aerospace by 37.1% in the 1st quarter. Clough Capital Partners L P now owns 70,535 shares of the company’s stock valued at $20,016,000 after buying an additional 19,105 shares in the last quarter. Finally, Ascentis Independent Advisors lifted its position in shares of GE Aerospace by 207.3% in the first quarter. Ascentis Independent Advisors now owns 4,317 shares of the company’s stock valued at $1,225,000 after acquiring an additional 2,912 shares in the last quarter. 74.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, SVP Mohamed Ali sold 8,096 shares of the business’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $353.71, for a total value of $2,863,636.16. Following the completion of the sale, the senior vice president directly owned 20,666 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is available at this hyperlink. 0.19% of the stock is owned by corporate insiders.

GE Aerospace Stock Down 3.4%

GE stock opened at $342.32 on Friday. GE Aerospace has a fifty-two week low of $268.01 and a fifty-two week high of $388.84. The company’s 50 day moving average price is $360.66 and its 200 day moving average price is $327.98. 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 firm has a market capitalization of $355.18 billion, a price-to-earnings ratio of 40.32, a PEG ratio of 2.59 and a beta of 1.36.

GE Aerospace (NYSE:GEGet Free Report) last released 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 analysts’ expectations of $11.87 billion. During the same period in the previous year, the company earned $1.66 EPS. The company’s revenue for the quarter was up 21.1% on a year-over-year basis. GE Aerospace has set its FY 2026 guidance at 7.650-7.850 EPS. On average, equities research analysts anticipate that GE Aerospace will post 7.91 EPS for the current fiscal year.

GE Aerospace Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. BNP Paribas Exane lowered their target price on shares of GE Aerospace from $300.00 to $270.00 and set an “underperform” rating on the stock in a research note on Thursday, May 14th. JPMorgan Chase & Co. boosted their price objective on GE Aerospace from $335.00 to $400.00 and gave the stock an “overweight” rating in a research note on Monday, July 20th. Sanford C. Bernstein set a $421.00 target price on shares of GE Aerospace and gave the stock an “outperform” rating in a research note on Thursday, July 23rd. Royal Bank Of Canada restated an “outperform” rating and issued a $400.00 target price (up from $355.00) on shares of GE Aerospace in a research report on Wednesday, July 15th. Finally, Jefferies Financial Group upped their price objective 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. Sixteen research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, GE Aerospace currently has an average rating of “Moderate Buy” and an average price target of $390.59.

Read Our Latest Analysis on GE

Key GE Aerospace News

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

GE Aerospace Company 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.

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

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