Vivid Wealth Management LLC Decreases Stock Position in GE Aerospace $GE

Vivid Wealth Management LLC trimmed its position in shares of GE Aerospace (NYSE:GE) by 17.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,714 shares of the company’s stock after selling 1,812 shares during the quarter. Vivid Wealth Management LLC’s holdings in GE Aerospace were worth $2,473,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Blueline Advisors LLC bought a new position in GE Aerospace during the 4th quarter valued at about $25,000. Ankerstar Wealth LLC purchased a new stake in GE Aerospace in the 4th quarter worth about $31,000. Tucker Asset Management LLC bought a new stake in GE Aerospace in the fourth quarter worth about $32,000. Lifetime Wealth Management P.C. bought a new stake in GE Aerospace in the fourth quarter worth about $40,000. Finally, Beaird Harris Wealth Management LLC boosted its position in shares of GE Aerospace by 72.0% during the third quarter. Beaird Harris Wealth Management LLC now owns 141 shares of the company’s stock valued at $42,000 after buying an additional 59 shares during the period. Institutional investors own 74.77% of the company’s stock.

GE Aerospace Price Performance

GE Aerospace stock opened at $377.14 on Friday. The stock has a market cap of $393.49 billion, a price-to-earnings ratio of 46.45, a price-to-earnings-growth ratio of 3.35 and a beta of 1.35. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.01 and a quick ratio of 0.70. GE Aerospace has a 1 year low of $243.34 and a 1 year high of $382.97. The firm has a 50-day moving average of $322.83 and a two-hundred day moving average of $315.01.

GE Aerospace (NYSE:GE) last issued its earnings results on Tuesday, April 21st. The company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.26. The business had revenue of $11.61 billion for the quarter, compared to the consensus estimate of $11.61 billion. GE Aerospace had a net margin of 17.86% and a return on equity of 37.99%. The company’s revenue for the quarter was up 24.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.49 EPS. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. On average, research analysts forecast that GE Aerospace will post 7.48 earnings per share for the current year.

GE Aerospace Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 27th. Investors of record on Monday, July 6th will be paid a $0.47 dividend. The ex-dividend date of this dividend is Monday, July 6th. This represents a $1.88 annualized dividend and a yield of 0.5%. GE Aerospace’s dividend payout ratio is 23.15%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on GE shares. BNP Paribas Exane cut their target price on GE Aerospace from $300.00 to $270.00 and set an “underperform” rating on the stock in a research note on Thursday, May 14th. Wells Fargo & Company initiated coverage on GE Aerospace in a research note on Wednesday, April 1st. They set an “overweight” rating and a $325.00 price target for the company. Wall Street Zen lowered GE Aerospace from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. President Capital dropped their price objective on GE Aerospace from $355.00 to $342.00 and set a “buy” rating for the company in a report on Wednesday, April 22nd. Finally, Citigroup reaffirmed a “buy” rating and issued a $431.00 price objective (up from $353.00) on shares of GE Aerospace in a research report on Wednesday. One equities research 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, GE Aerospace presently has an average rating of “Moderate Buy” and an average target price of $357.56.

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.