GE Aerospace $GE Shares Purchased by State of Wyoming

State of Wyoming increased its holdings in shares of GE Aerospace (NYSE:GEFree Report) by 172.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,533 shares of the company’s stock after buying 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 Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Allworth Financial LP boosted its position in GE Aerospace by 7.6% during the fourth quarter. Allworth Financial LP now owns 76,867 shares of the company’s stock valued at $23,677,000 after purchasing an additional 5,434 shares during the last quarter. Dara Capital US Inc. acquired a new position in GE Aerospace in the 4th quarter worth about $2,527,000. NewEdge Wealth LLC increased its position in GE Aerospace by 92.2% in the 4th quarter. NewEdge Wealth LLC now owns 20,142 shares of the company’s stock worth $6,204,000 after purchasing an additional 9,663 shares during the last quarter. CenterBook Partners LP raised its stake in shares of GE Aerospace by 892.6% during the 4th quarter. CenterBook Partners LP now owns 49,788 shares of the company’s stock worth $15,336,000 after purchasing an additional 44,772 shares in the last quarter. Finally, Ascentis Independent Advisors raised its stake in shares of GE Aerospace by 207.3% during the 1st quarter. Ascentis Independent Advisors now owns 4,317 shares of the company’s stock worth $1,225,000 after purchasing an additional 2,912 shares in the last quarter. 74.77% of the stock is owned by institutional investors and hedge funds.

GE Aerospace Stock Performance

GE opened at $349.12 on Friday. The company has a market cap of $362.23 billion, a PE ratio of 41.12, a price-to-earnings-growth ratio of 2.61 and a beta of 1.35. The stock has a 50-day moving average of $340.06 and a 200-day moving average of $319.43. GE Aerospace has a 52-week low of $261.71 and a 52-week high of $382.97. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.67 and a current ratio of 0.98.

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

GE Aerospace Dividend Announcement

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

Key GE Aerospace News

Here are the key news stories impacting GE Aerospace this week:

Analyst Ratings Changes

Several brokerages recently commented on GE. Sanford C. Bernstein set a $421.00 price target on GE Aerospace and gave the company an “outperform” rating in a research note on Thursday. Wall Street Zen lowered shares of GE Aerospace from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. Citigroup reiterated a “buy” rating and issued a $431.00 target price (up from $353.00) on shares of GE Aerospace in a research note on Wednesday, July 1st. BNP Paribas Exane decreased their target price on shares of GE Aerospace from $300.00 to $270.00 and set an “underperform” rating for the company in a research report on Thursday, May 14th. Finally, Wells Fargo & Company restated an “overweight” rating and set a $390.00 price target on shares of GE Aerospace in a research note on Monday. Sixteen investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $386.88.

Read Our Latest Analysis on GE

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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