Elevated Capital Advisors LLC Decreases Position in GE Aerospace $GE

Elevated Capital Advisors LLC decreased its holdings in GE Aerospace (NYSE:GEFree Report) by 33.1% in the first quarter, Holdings Channel reports. The firm owned 3,212 shares of the company’s stock after selling 1,588 shares during the period. Elevated Capital Advisors LLC’s holdings in GE Aerospace were worth $912,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GE. Blueline Advisors LLC purchased a new stake in shares of GE Aerospace during the fourth quarter worth about $25,000. Ankerstar Wealth LLC acquired a new position in shares of GE Aerospace during the fourth quarter valued at about $31,000. Tucker Asset Management LLC acquired a new stake in GE Aerospace in the 4th quarter worth approximately $32,000. Lifetime Wealth Management P.C. acquired a new stake in GE Aerospace in the 4th quarter worth approximately $40,000. Finally, Beaird Harris Wealth Management LLC grew its position in GE Aerospace by 72.0% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 141 shares of the company’s stock worth $42,000 after purchasing an additional 59 shares during the last quarter. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

GE Aerospace News Roundup

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

Analysts Set New Price Targets

A number of research analysts have issued reports on GE shares. Susquehanna restated a “positive” rating and set a $430.00 price target (up from $380.00) on shares of GE Aerospace in a research note on Thursday. UBS Group lowered their price objective on shares of GE Aerospace from $357.00 to $350.00 and set a “buy” rating for the company in a research note on Wednesday, April 22nd. Morgan Stanley dropped their price objective on shares of GE Aerospace from $425.00 to $400.00 and set an “overweight” rating on the stock in a report on Wednesday, April 22nd. Seaport Research Partners started coverage on GE Aerospace in a research report on Tuesday, May 26th. They issued a “buy” rating and a $375.00 target price on the stock. Finally, Wall Street Zen lowered GE Aerospace from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, GE Aerospace currently has an average rating of “Moderate Buy” and an average target price of $360.33.

View Our Latest Stock Report on GE

GE Aerospace Price Performance

NYSE:GE opened at $358.84 on Friday. GE Aerospace has a 52 week low of $246.75 and a 52 week high of $382.97. The company has a quick ratio of 0.70, a current ratio of 1.01 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $374.39 billion, a PE ratio of 44.19, a price-to-earnings-growth ratio of 3.16 and a beta of 1.35. The stock’s 50-day moving average price is $329.21 and its 200-day moving average price is $316.94.

GE Aerospace (NYSE:GEGet Free Report) last released its quarterly earnings results on Tuesday, April 21st. The company reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $0.26. The company had revenue of $11.61 billion during the quarter, compared to analysts’ expectations of $11.61 billion. GE Aerospace had a return on equity of 37.99% and a net margin of 17.86%.GE Aerospace’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same quarter in the prior 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 analysts expect that GE Aerospace will post 7.48 EPS for the current fiscal year.

GE Aerospace Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 27th. Stockholders of record on Monday, July 6th will be given a $0.47 dividend. The ex-dividend date is Monday, July 6th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 0.5%. GE Aerospace’s payout ratio is 23.15%.

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.

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

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