State of Wyoming Purchases 1,604 Shares of GE Aerospace $GE

State of Wyoming grew its holdings in GE Aerospace (NYSE:GEFree Report) by 172.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,533 shares of the company’s stock after purchasing an additional 1,604 shares during the quarter. State of Wyoming’s holdings in GE Aerospace were worth $719,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. High Falls Advisors Inc boosted its stake in GE Aerospace by 3.0% during the 4th quarter. High Falls Advisors Inc now owns 1,069 shares of the company’s stock valued at $329,000 after purchasing an additional 31 shares during the period. Wolff Wiese Magana LLC increased its position in GE Aerospace by 1.0% in the 4th quarter. Wolff Wiese Magana LLC now owns 3,474 shares of the company’s stock worth $1,070,000 after buying an additional 33 shares during the period. Montz Harcus Wealth Management LLC increased its position in GE Aerospace by 3.6% in the 4th quarter. Montz Harcus Wealth Management LLC now owns 947 shares of the company’s stock worth $292,000 after buying an additional 33 shares during the period. Darwin Wealth Management LLC lifted its holdings in shares of GE Aerospace by 2.0% during the fourth quarter. Darwin Wealth Management LLC now owns 1,699 shares of the company’s stock worth $523,000 after buying an additional 33 shares during the last quarter. Finally, LRI Investments LLC boosted its position in shares of GE Aerospace by 1.4% in the fourth quarter. LRI Investments LLC now owns 2,390 shares of the company’s stock valued at $736,000 after acquiring an additional 33 shares during the period. 74.77% of the stock is currently owned by institutional investors.

GE Aerospace Stock Performance

Shares of NYSE GE opened at $349.12 on Friday. The business has a fifty day simple moving average of $340.06 and a 200 day simple moving average of $319.43. 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 has a market capitalization of $362.23 billion, a price-to-earnings ratio of 41.12, a PEG ratio of 2.61 and a beta of 1.35. GE Aerospace has a one year low of $261.71 and a one year high of $382.97.

GE Aerospace (NYSE:GEGet Free Report) last issued its earnings results on Thursday, July 16th. The company reported $2.02 EPS for the quarter, topping the consensus estimate of $1.86 by $0.16. GE Aerospace had a return on equity of 40.56% and a net margin of 17.72%.The firm had revenue of $12.63 billion during the quarter, compared to analysts’ expectations of $11.87 billion. During the same period last year, the business earned $1.66 earnings per share. 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. Sell-side analysts expect that GE Aerospace will post 7.91 EPS for the current year.

GE Aerospace Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Seaport Research Partners began coverage on shares of GE Aerospace in a research note on Tuesday, May 26th. They issued a “buy” rating and a $375.00 price objective on the stock. UBS Group upped their target price on shares of GE Aerospace from $426.00 to $435.00 and gave the company a “buy” rating in a research note on Friday, July 17th. Jefferies Financial Group increased their price target on shares of GE Aerospace from $365.00 to $455.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. Wells Fargo & Company restated an “overweight” rating and issued a $390.00 price target on shares of GE Aerospace in a research report on Monday. Finally, Morgan Stanley dropped their price objective on shares of GE Aerospace from $425.00 to $400.00 and set an “overweight” rating on the stock in a report on Wednesday, April 22nd. Sixteen research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $386.88.

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GE Aerospace 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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