Gibbs Wealth Management Purchases 1,958 Shares of GE Aerospace $GE

Gibbs Wealth Management lifted its position in shares of GE Aerospace (NYSE:GEFree Report) by 194.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,965 shares of the company’s stock after purchasing an additional 1,958 shares during the period. Gibbs Wealth Management’s holdings in GE Aerospace were worth $841,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Blueline Advisors LLC bought a new position in GE Aerospace during the 4th quarter valued at approximately $25,000. Ankerstar Wealth LLC bought a new stake in shares of GE Aerospace in the 4th quarter worth approximately $31,000. Tucker Asset Management LLC bought a new stake in shares of GE Aerospace in the 4th quarter worth approximately $32,000. Lifetime Wealth Management P.C. purchased a new position in shares of GE Aerospace during the fourth quarter valued at approximately $40,000. Finally, Legacy Bridge LLC increased its stake in shares of GE Aerospace by 3,375.0% during the fourth quarter. Legacy Bridge LLC now owns 139 shares of the company’s stock valued at $43,000 after buying an additional 135 shares during the period. 74.77% of the stock is owned by institutional investors.

Key Stories Impacting GE Aerospace

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

Analysts Set New Price Targets

A number of brokerages recently commented on GE. TD Cowen reaffirmed a “buy” rating and issued a $380.00 price target (up from $330.00) on shares of GE Aerospace in a research note on Monday, July 13th. Royal Bank Of Canada reissued an “outperform” rating and set a $400.00 price objective (up from $355.00) on shares of GE Aerospace in a research report on Wednesday, July 15th. Morgan Stanley decreased their price objective on shares of GE Aerospace from $425.00 to $400.00 and set an “overweight” rating for the company in a report on Wednesday, April 22nd. Daiwa Securities Group started coverage on shares of GE Aerospace in a research report on Tuesday, March 31st. They issued a “neutral” rating and a $301.00 target price for the company. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $410.00 target price on shares of GE Aerospace in a research note on Monday. Sixteen analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $386.88.

Check Out Our Latest Stock Report on GE Aerospace

GE Aerospace Price Performance

GE opened at $353.71 on Friday. 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 company has a market cap of $367.00 billion, a price-to-earnings ratio of 41.66, a price-to-earnings-growth ratio of 2.67 and a beta of 1.35. The stock has a fifty day simple moving average of $341.50 and a two-hundred day simple moving average of $319.67. GE Aerospace has a 12-month low of $261.71 and a 12-month high of $382.97.

GE Aerospace (NYSE:GEGet Free Report) last announced its earnings results on Thursday, July 16th. The company reported $2.02 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.16. The firm had revenue of $12.63 billion for the quarter, compared to analysts’ expectations of $11.87 billion. GE Aerospace had a net margin of 17.72% and a return on equity of 40.56%. The company’s quarterly revenue was up 21.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.66 EPS. GE Aerospace has set its FY 2026 guidance at 7.650-7.850 EPS. Research analysts predict that GE Aerospace will post 7.91 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

The firm 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. The ex-dividend date of this dividend is Monday, July 6th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 0.5%. GE Aerospace’s dividend payout ratio (DPR) is currently 22.14%.

GE Aerospace Company 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.

Further Reading

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

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