12,553 Shares in GE Aerospace $GE Bought by Elite Wealth Management Inc.

Key Points

• Elite Wealth Management acquired a new position of 12,553 shares in GE Aerospace (NYSE:GE), valued at about $3.87 million, representing roughly 1.1% of the firm's portfolio and its 20th-largest holding.
• GE Aerospace beat Q1 estimates with $1.86 EPS vs. $1.60 expected and reported revenue of $11.61 billion (up 24.6% year-over-year), and issued FY2026 guidance of $7.10–$7.40 EPS (analysts forecast ~7.46).
• The company raised its quarterly dividend to $0.47 (annualized $1.88, yield ~0.7%), and the stock carries a consensus rating of "Moderate Buy" with an average price target near $349.89.

Elite Wealth Management Inc. acquired a new position in GE Aerospace (NYSE:GE - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 12,553 shares of the company's stock, valued at approximately $3,867,000. GE Aerospace comprises about 1.1% of Elite Wealth Management Inc.'s investment portfolio, making the stock its 20th biggest position.

Several other institutional investors also recently modified their holdings of the business. REAP Financial Group LLC acquired a new position in GE Aerospace in the third quarter valued at $25,000. Marquette Asset Management LLC acquired a new position in GE Aerospace in the third quarter valued at $26,000. Barnes Dennig Private Wealth Management LLC lifted its holdings in GE Aerospace by 147.2% in the third quarter. Barnes Dennig Private Wealth Management LLC now owns 89 shares of the company's stock valued at $27,000 after buying an additional 53 shares during the period. Roble Belko & Company Inc lifted its holdings in GE Aerospace by 98.1% in the third quarter. Roble Belko & Company Inc now owns 103 shares of the company's stock valued at $31,000 after buying an additional 51 shares during the period. Finally, Abich Financial Wealth Management LLC acquired a new position in GE Aerospace in the third quarter valued at $32,000. Institutional investors own 74.77% of the company's stock.

GE Aerospace Price Performance

Shares of NYSE GE opened at $286.91 on Monday. The firm's 50-day moving average price is $305.62 and its 200-day moving average price is $306.38. GE Aerospace has a 1-year low of $205.56 and a 1-year high of $348.48. The firm has a market capitalization of $299.34 billion, a P/E ratio of 35.33, a P/E/G ratio of 2.66 and a beta of 1.36. The company has a current ratio of 1.01, a quick ratio of 0.70 and a debt-to-equity ratio of 0.99.

GE Aerospace (NYSE:GE - Get Free Report) last posted its 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. GE Aerospace had a net margin of 17.86% and a return on equity of 37.99%. The company had revenue of $11.61 billion for the quarter, compared to analyst estimates of $11.61 billion. During the same quarter in the prior year, the business posted $1.49 EPS. The firm's revenue was up 24.6% compared to the same quarter last year. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. Equities research analysts anticipate that GE Aerospace will post 7.46 earnings per share for the current fiscal year.

GE Aerospace Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 27th. Investors of record on Monday, March 9th were issued a $0.47 dividend. The ex-dividend date was Monday, March 9th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 0.7%. This is a boost from GE Aerospace's previous quarterly dividend of $0.36. GE Aerospace's dividend payout ratio (DPR) is currently 23.15%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on GE. Wells Fargo & Company began coverage on shares of GE Aerospace in a report on Wednesday, April 1st. They issued an "overweight" rating and a $325.00 target price on the stock. Royal Bank Of Canada restated an "outperform" rating and issued a $355.00 target price on shares of GE Aerospace in a report on Wednesday, April 22nd. Daiwa Securities Group began coverage on shares of GE Aerospace in a report on Tuesday, March 31st. They issued a "neutral" rating and a $301.00 target price on the stock. Citigroup dropped their target price on shares of GE Aerospace from $380.00 to $353.00 and set a "buy" rating on the stock in a report on Wednesday, April 1st. Finally, TD Cowen dropped their price objective on shares of GE Aerospace from $350.00 to $330.00 and set a "buy" rating on the stock in a report on Wednesday, April 8th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $349.89.

GE Aerospace 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.

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