Harbor Investment Advisory LLC Cuts Position in GE Aerospace $GE

Harbor Investment Advisory LLC reduced its holdings in GE Aerospace (NYSE:GE) by 51.9% during the 2nd quarter, Holdings Channel reports. The firm owned 4,878 shares of the company’s stock after selling 5,263 shares during the quarter. Harbor Investment Advisory LLC’s holdings in GE Aerospace were worth $1,823,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Prota Financial LLC raised its stake in shares of GE Aerospace by 8.1% during the 2nd quarter. Prota Financial LLC now owns 2,159 shares of the company’s stock worth $809,000 after buying an additional 161 shares during the period. Central Pacific Bank Trust Division increased its holdings in GE Aerospace by 16.3% in the 2nd quarter. Central Pacific Bank Trust Division now owns 10,584 shares of the company’s stock worth $3,956,000 after acquiring an additional 1,481 shares in the last quarter. Canandaigua National Bank & Trust Co. acquired a new position in GE Aerospace during the second quarter worth $3,822,000. Sandy Cove Advisors LLC raised its position in GE Aerospace by 4.4% during the second quarter. Sandy Cove Advisors LLC now owns 1,471 shares of the company’s stock worth $550,000 after acquiring an additional 62 shares during the period. Finally, Grove Bank & Trust lifted its holdings in GE Aerospace by 1.9% during the second quarter. Grove Bank & Trust now owns 3,569 shares of the company’s stock valued at $1,334,000 after purchasing an additional 68 shares in the last quarter. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on GE shares. BNP Paribas Exane dropped 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 report on Thursday, May 14th. Wall Street Zen downgraded shares of GE Aerospace from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $400.00 price target (up from $355.00) on shares of GE Aerospace in a research note on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $450.00 price objective on shares of GE Aerospace in a report on Monday, July 27th. Finally, Seaport Research Partners started coverage on GE Aerospace in a report on Tuesday, May 26th. They set a “buy” rating and a $375.00 target price for the company. Sixteen analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $390.59.

GE Aerospace Price Performance

Shares of NYSE GE opened at $381.04 on Thursday. The firm has a 50-day simple moving average of $351.74 and a 200-day simple moving average of $322.06. 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 stock has a market capitalization of $395.35 billion, a price-to-earnings ratio of 44.88, a price-to-earnings-growth ratio of 2.75 and a beta of 1.36. GE Aerospace has a 52 week low of $263.80 and a 52 week high of $384.51.

GE Aerospace (NYSE:GE) last posted its quarterly earnings results on Thursday, July 16th. The company reported $2.02 earnings per share for the quarter, topping 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 in the previous year, the business posted $1.66 earnings per share. GE Aerospace’s quarterly revenue 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 analysts predict that GE Aerospace will post 7.91 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, July 27th. Stockholders of record on Monday, July 6th were issued a dividend of $0.47 per share. 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 payout ratio is currently 22.14%.

Insider Buying and Selling at GE Aerospace

In other news, SVP Mohamed Ali sold 8,096 shares of the company’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 sale, the senior vice president directly owned 20,666 shares in the company, valued at $7,309,770.86. This represents a 28.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.19% of the stock is currently owned by corporate insiders.

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.