GE Aerospace $GE Holdings Decreased by MRA Advisory Group

MRA Advisory Group decreased its position in GE Aerospace (NYSE:GE) by 68.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,043 shares of the company’s stock after selling 2,249 shares during the quarter. MRA Advisory Group’s holdings in GE Aerospace were worth $326,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Worth Asset Management LLC boosted its stake in shares of GE Aerospace by 60.4% in the 3rd quarter. Worth Asset Management LLC now owns 3,862 shares of the company’s stock valued at $1,206,000 after purchasing an additional 1,455 shares in the last quarter. Nautilus Advisors LLC boosted its position in GE Aerospace by 5.2% during the third quarter. Nautilus Advisors LLC now owns 724 shares of the company’s stock valued at $226,000 after buying an additional 36 shares during the period. Congress Asset Management Co. bought a new position in shares of GE Aerospace during the third quarter valued at about $2,188,000. Private Capital Advisors Inc. purchased a new position in shares of GE Aerospace in the third quarter worth about $231,000. Finally, RVW Wealth LLC lifted its stake in shares of GE Aerospace by 8.7% in the 3rd quarter. RVW Wealth LLC now owns 1,331 shares of the company’s stock valued at $416,000 after acquiring an additional 106 shares during the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on GE shares. JPMorgan Chase & Co. increased their target price on GE Aerospace from $335.00 to $400.00 and gave the company an “overweight” rating in a report on Monday, July 20th. Citigroup reiterated 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, July 1st. The Goldman Sachs Group reissued a “buy” rating and set a $410.00 price objective on shares of GE Aerospace in a research note on Monday, July 20th. Wells Fargo & Company cut their target price on shares of GE Aerospace from $390.00 to $380.00 and set an “overweight” rating on the stock in a report on Wednesday, September 30th. Finally, UBS Group lifted their target price on shares of GE Aerospace from $426.00 to $435.00 and gave the stock a “buy” rating in a research note on Friday, July 17th. Sixteen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $386.67.

GE Aerospace Trading Down 1.0%

NYSE GE traded down $3.09 on Wednesday, hitting $306.30. The company’s stock had a trading volume of 1,442,645 shares, compared to its average volume of 5,102,597. The firm has a market cap of $317.81 billion, a P/E ratio of 36.08, a PEG ratio of 2.24 and a beta of 1.38. GE Aerospace has a 52-week low of $268.91 and a 52-week high of $388.84. The company’s 50-day simple moving average is $339.25 and its 200 day simple moving average is $327.41. The company has a current ratio of 0.98, a quick ratio of 0.67 and a debt-to-equity ratio of 0.96.

GE Aerospace (NYSE:GE) 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 company had revenue of $12.63 billion during 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 firm’s revenue for the quarter was up 21.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.66 earnings per share. GE Aerospace has set its FY 2026 guidance at 7.650-7.850 EPS. Research analysts predict that GE Aerospace will post 7.91 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, October 26th. Stockholders of record on Monday, October 5th will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, October 5th. GE Aerospace’s dividend payout ratio (DPR) is currently 22.14%.

Insider Buying and Selling at GE Aerospace

In related news, SVP Mohamed Ali sold 8,096 shares of the business’s 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 transaction, the senior vice president owned 20,666 shares in the company, valued at $7,309,770.86. The trade was a 28.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.19% of the company’s stock.

About GE Aerospace

GE Aerospace is an aerospace and defense company that designs, develops, manufactures and services aircraft engines and integrated systems. Its products support commercial and business aviation, military aircraft, and other specialized aerospace applications.

The company’s offerings include commercial and military jet engines, propulsion systems, avionics, electrical power systems, mechanical systems and digital solutions. GE Aerospace also provides maintenance, repair, overhaul and other lifecycle services intended to support the operation and performance of aircraft and engines.

GE Aerospace serves airlines, aircraft manufacturers, leasing companies, defense organizations and other customers worldwide.