GE Aerospace $GE Shares Purchased by Angeles Wealth Management LLC

Angeles Wealth Management LLC raised its position in GE Aerospace (NYSE:GEFree Report) by 12.7% in the first quarter, Holdings Channel reports. The fund owned 13,209 shares of the company’s stock after buying an additional 1,487 shares during the period. Angeles Wealth Management LLC’s holdings in GE Aerospace were worth $3,755,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GE. Allworth Financial LP grew its holdings in shares of GE Aerospace by 7.6% during the fourth quarter. Allworth Financial LP now owns 76,867 shares of the company’s stock worth $23,677,000 after purchasing an additional 5,434 shares during the last quarter. Dara Capital US Inc. purchased a new stake in shares of GE Aerospace in the 4th quarter valued at about $2,527,000. NewEdge Wealth LLC lifted its holdings in shares of GE Aerospace by 92.2% in the 4th quarter. NewEdge Wealth LLC now owns 20,142 shares of the company’s stock valued at $6,204,000 after purchasing an additional 9,663 shares during the last quarter. CenterBook Partners LP boosted its position in shares of GE Aerospace by 892.6% in the 4th 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 during the period. Finally, Ascentis Independent Advisors boosted its position in shares of GE Aerospace by 207.3% in the 1st quarter. Ascentis Independent Advisors now owns 4,317 shares of the company’s stock valued at $1,225,000 after purchasing an additional 2,912 shares during the period. Institutional investors and hedge funds own 74.77% of the company’s stock.

GE Aerospace Stock Down 3.9%

Shares of NYSE:GE opened at $346.16 on Friday. The company has a market cap of $361.16 billion, a price-to-earnings ratio of 42.63, a PEG ratio of 3.19 and a beta of 1.35. The firm’s 50-day simple moving average is $335.28 and its 200-day simple moving average is $318.30. The company has a quick ratio of 0.70, a current ratio of 1.01 and a debt-to-equity ratio of 0.99. GE Aerospace has a fifty-two week low of $254.66 and a fifty-two week high of $382.97.

GE Aerospace (NYSE:GEGet Free Report) last issued its quarterly earnings results on Thursday, July 16th. The company reported $2.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.16. The business had revenue of $12.63 billion for the quarter, compared to analyst estimates of $12.24 billion. GE Aerospace had a net margin of 17.86% and a return on equity of 37.99%. The business’s revenue was up 21.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.66 earnings per share. GE Aerospace has set its FY 2026 guidance at 7.650-7.850 EPS. As a group, equities research analysts predict that GE Aerospace will post 7.49 earnings per share for the current year.

GE Aerospace Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 27th. Shareholders of record on Monday, July 6th will be given a dividend of $0.47 per share. The ex-dividend date is Monday, July 6th. This represents a $1.88 annualized dividend and a yield of 0.5%. GE Aerospace’s payout ratio is presently 23.15%.

Key Stories Impacting GE Aerospace

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

Wall Street Analysts Forecast Growth

GE has been the topic of a number of research reports. Jefferies Financial Group raised their price target on GE Aerospace from $365.00 to $455.00 and gave the stock a “buy” rating in a research note on Thursday, July 2nd. Weiss Ratings cut GE Aerospace from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, June 1st. BNP Paribas Exane decreased their price objective on GE Aerospace from $300.00 to $270.00 and set an “underperform” rating for the company in a report on Thursday, May 14th. UBS Group lowered their target price on shares of GE Aerospace from $357.00 to $350.00 and set a “buy” rating on the stock in a research report on Wednesday, April 22nd. Finally, Wall Street Zen cut shares of GE Aerospace from a “buy” rating to a “hold” rating in a report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $365.61.

Read Our Latest Research Report on GE

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.

See Also

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:GEFree Report).

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

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.