Kinetic Wealth Investment Advisors LLC Purchases Shares of 1,838 GE Aerospace $GE

Kinetic Wealth Investment Advisors LLC purchased a new stake in GE Aerospace (NYSE:GE) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,838 shares of the company’s stock, valued at approximately $687,000.

Several other institutional investors and hedge funds also recently modified their holdings of GE. Blueline Advisors LLC acquired a new stake in GE Aerospace in the 4th quarter valued at approximately $25,000. Ankerstar Wealth LLC acquired a new position in GE Aerospace during the 4th quarter worth approximately $31,000. Tucker Asset Management LLC bought a new position in shares of GE Aerospace during the 4th quarter worth approximately $32,000. Paladin Partners LLC bought a new position in shares of GE Aerospace during the 2nd quarter worth approximately $38,000. Finally, Lifetime Wealth Management P.C. acquired a new stake in shares of GE Aerospace in the fourth quarter valued at approximately $40,000. 74.77% of the stock is owned by institutional investors and hedge funds.

GE Aerospace Stock Performance

NYSE GE opened at $336.66 on Tuesday. The company has a current ratio of 0.98, a quick ratio of 0.67 and a debt-to-equity ratio of 0.96. The firm’s fifty day moving average price is $356.62 and its two-hundred day moving average price is $328.88. GE Aerospace has a 1 year low of $268.91 and a 1 year high of $388.84. The firm has a market capitalization of $349.30 billion, a P/E ratio of 39.65, a price-to-earnings-growth ratio of 2.46 and a beta of 1.35.

GE Aerospace (NYSE:GE) last issued its earnings results on Thursday, July 16th. The company reported $2.02 earnings per share (EPS) 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 company had revenue of $12.63 billion for the quarter, compared to analysts’ expectations of $11.87 billion. During the same period in the prior year, the firm earned $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. As a group, research analysts anticipate that GE Aerospace will post 7.91 EPS for the current year.

GE Aerospace Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 27th. Investors of record on Monday, July 6th were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Monday, July 6th. GE Aerospace’s dividend payout ratio is 22.14%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on GE shares. Royal Bank Of Canada reaffirmed 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. BNP Paribas Exane reduced their price objective on shares of GE Aerospace from $300.00 to $270.00 and set an “underperform” rating for the company in a research note on Thursday, May 14th. Weiss Ratings upgraded GE Aerospace from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, July 17th. Sanford C. Bernstein set a $421.00 price objective on GE Aerospace and gave the company an “outperform” rating in a report on Thursday, July 23rd. Finally, Susquehanna reaffirmed a “positive” rating and issued a $430.00 target price (up from $380.00) on shares of GE Aerospace in a research report on Thursday, July 9th. Sixteen research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $390.59.

Insider Transactions at GE Aerospace

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 transaction of $2,863,636.16. Following the completion of the sale, the senior vice president owned 20,666 shares of the company’s stock, valued at $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 available through this hyperlink. 0.19% of the stock is 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.