iA Global Asset Management Inc. Sells 19,782 Shares of GE Aerospace $GE

iA Global Asset Management Inc. reduced its stake in shares of GE Aerospace (NYSE:GEFree Report) by 7.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 230,433 shares of the company’s stock after selling 19,782 shares during the quarter. GE Aerospace accounts for 0.9% of iA Global Asset Management Inc.’s holdings, making the stock its 27th biggest holding. iA Global Asset Management Inc.’s holdings in GE Aerospace were worth $65,390,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Blueline Advisors LLC bought a new stake in GE Aerospace during the fourth quarter worth about $25,000. Ankerstar Wealth LLC bought a new position in GE Aerospace in the 4th quarter valued at about $31,000. Tucker Asset Management LLC bought a new position in GE Aerospace in the 4th quarter valued at about $32,000. Lifetime Wealth Management P.C. acquired a new position in shares of GE Aerospace in the 4th quarter valued at approximately $40,000. Finally, Beaird Harris Wealth Management LLC raised its position in shares of GE Aerospace by 72.0% in the 3rd 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 in the last quarter. Institutional investors own 74.77% of the company’s stock.

GE Aerospace Stock Down 0.2%

GE stock opened at $372.94 on Wednesday. The firm has a 50-day moving average price of $317.60 and a 200-day moving average price of $313.43. GE Aerospace has a 12 month low of $243.34 and a 12 month high of $379.67. The company has a current ratio of 1.01, a quick ratio of 0.70 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $389.10 billion, a P/E ratio of 45.93, a price-to-earnings-growth ratio of 3.31 and a beta of 1.37.

GE Aerospace (NYSE:GEGet Free Report) last announced its quarterly earnings results on Tuesday, April 21st. The company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.26. The company had revenue of $11.61 billion for the quarter, compared to analyst estimates of $11.61 billion. GE Aerospace had a net margin of 17.86% and a return on equity of 37.99%. The firm’s revenue was up 24.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.49 EPS. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. As a group, equities research analysts anticipate that GE Aerospace will post 7.48 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 27th. Shareholders of record on Monday, July 6th will be paid 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 payout ratio is presently 23.15%.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Morgan Stanley reduced their price target on shares of GE Aerospace from $425.00 to $400.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 22nd. Seaport Research Partners started coverage on shares of GE Aerospace in a research report on Tuesday, May 26th. They set a “buy” rating and a $375.00 price objective for the company. Royal Bank Of Canada restated an “outperform” rating and set a $355.00 target price on shares of GE Aerospace in a research note on Wednesday, May 20th. UBS Group reduced their target price on GE Aerospace from $357.00 to $350.00 and set a “buy” rating on the stock in a report on Wednesday, April 22nd. Finally, Zacks Research lowered GE Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $348.22.

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GE Aerospace News Roundup

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About GE Aerospace

(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.

Further Reading

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

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