Gabelli Funds LLC Sells 21,092 Shares of GE Aerospace $GE

Gabelli Funds LLC lessened its stake in shares of GE Aerospace (NYSE:GE) by 6.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 289,635 shares of the company’s stock after selling 21,092 shares during the period. GE Aerospace comprises about 0.7% of Gabelli Funds LLC’s holdings, making the stock its 21st biggest position. Gabelli Funds LLC’s holdings in GE Aerospace were worth $108,245,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in GE. Blueline Advisors LLC bought a new stake in shares of GE Aerospace in the 4th quarter worth approximately $25,000. Ankerstar Wealth LLC bought a new position in GE Aerospace during the fourth quarter valued at $31,000. Tucker Asset Management LLC bought a new position in GE Aerospace during the fourth quarter valued at $32,000. Paladin Partners LLC purchased a new stake in GE Aerospace in the second quarter worth $38,000. Finally, Lifetime Wealth Management P.C. purchased a new stake in GE Aerospace in the fourth quarter worth $40,000. Institutional investors own 74.77% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Mohamed Ali sold 8,096 shares of GE Aerospace stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $353.71, for a total transaction of $2,863,636.16. Following the sale, the senior vice president owned 20,666 shares of the company’s stock, valued at approximately $7,309,770.86. The trade was a 28.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.19% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on GE shares. JPMorgan Chase & Co. increased their price target on GE Aerospace from $335.00 to $400.00 and gave the stock an “overweight” rating in a research note on Monday, July 20th. Susquehanna restated a “positive” rating and issued a $430.00 price objective (up from $380.00) on shares of GE Aerospace in a research note on Thursday, July 9th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $400.00 price objective (up from $355.00) on shares of GE Aerospace in a report on Wednesday, July 15th. BNP Paribas Exane cut 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, Citigroup reiterated a “buy” rating and set a $431.00 target price (up from $353.00) on shares of GE Aerospace in a research report on Wednesday, July 1st. Sixteen investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, GE Aerospace currently has an average rating of “Moderate Buy” and an average target price of $390.59.

GE Aerospace Stock Up 1.2%

Shares of NYSE GE opened at $348.85 on Friday. GE Aerospace has a one year low of $266.37 and a one year high of $388.84. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.98 and a quick ratio of 0.67. The firm’s 50 day simple moving average is $361.10 and its two-hundred day simple moving average is $326.84. The stock has a market capitalization of $361.95 billion, a P/E ratio of 41.09, a PEG ratio of 2.54 and a beta of 1.36.

GE Aerospace (NYSE:GE) last released its quarterly earnings data on Thursday, July 16th. The company reported $2.02 EPS for the quarter, topping the consensus estimate of $1.86 by $0.16. The firm had revenue of $12.63 billion for the quarter, compared to the consensus estimate of $11.87 billion. GE Aerospace had a return on equity of 40.56% and a net margin of 17.72%.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 earned $1.66 earnings per share. GE Aerospace has set its FY 2026 guidance at 7.650-7.850 EPS. As a group, analysts expect that GE Aerospace will post 7.91 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

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

About GE Aerospace

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.