Gateway Wealth Partners LLC Has $3.39 Million Position in GE Aerospace $GE

Gateway Wealth Partners LLC lifted its holdings in GE Aerospace (NYSE:GE) by 242.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,961 shares of the company’s stock after buying an additional 8,472 shares during the quarter. Gateway Wealth Partners LLC’s holdings in GE Aerospace were worth $3,394,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in GE. Blueline Advisors LLC bought a new stake in shares of GE Aerospace during the fourth quarter valued at approximately $25,000. Ankerstar Wealth LLC bought a new position in GE Aerospace in the 4th quarter valued at $31,000. Tucker Asset Management LLC acquired a new stake in shares of GE Aerospace in the 4th quarter valued at $32,000. Lifetime Wealth Management P.C. bought a new stake in shares of GE Aerospace during the fourth quarter worth $40,000. Finally, Beaird Harris Wealth Management LLC lifted its stake in shares of GE Aerospace by 72.0% during the third quarter. Beaird Harris Wealth Management LLC now owns 141 shares of the company’s stock valued at $42,000 after acquiring an additional 59 shares during the period. Institutional investors own 74.77% of the company’s stock.

GE Aerospace Price Performance

GE opened at $361.79 on Tuesday. The company has a quick ratio of 0.67, a current ratio of 0.98 and a debt-to-equity ratio of 0.96. GE Aerospace has a 12 month low of $261.71 and a 12 month high of $382.97. The company has a fifty day simple moving average of $343.02 and a 200 day simple moving average of $319.88. The stock has a market cap of $375.37 billion, a P/E ratio of 42.61, a P/E/G ratio of 2.70 and a beta of 1.35.

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

GE Aerospace Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 27th. Investors of record on Monday, July 6th were given a $0.47 dividend. The ex-dividend date was Monday, July 6th. This represents a $1.88 annualized dividend and a dividend yield of 0.5%. GE Aerospace’s payout ratio is currently 22.14%.

Analysts Set New Price Targets

Several analysts have weighed in on GE shares. Wall Street Zen cut GE Aerospace from a “buy” rating to a “hold” rating in a report on Monday, April 27th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $450.00 target price on shares of GE Aerospace in a report on Monday. President Capital reduced their price target on GE Aerospace from $355.00 to $342.00 and set a “buy” rating on the stock in a research report on Wednesday, April 22nd. Morgan Stanley dropped their price objective on GE Aerospace from $425.00 to $400.00 and set an “overweight” rating for the company in a report on Wednesday, April 22nd. Finally, Jefferies Financial Group raised their target price on GE Aerospace from $365.00 to $455.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. Sixteen 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, the company has an average rating of “Moderate Buy” and an average target price of $390.59.

GE Aerospace Company Profile

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.