13,592 Shares in GE Aerospace $GE Bought by Abner Herrman & Brock LLC

Key Points

• Abner Herrman & Brock LLC purchased 13,592 shares of GE Aerospace worth approximately $5.08 million, while institutional investors collectively own 74.77% of the company.
• GE Aerospace exceeded quarterly expectations, reporting $2.02 in EPS versus the $1.86 consensus and $12.63 billion in revenue, up 21.1% year over year.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $390.59; the company also pays a quarterly dividend of $0.47 per share.

Abner Herrman & Brock LLC bought a new stake in shares of GE Aerospace (NYSE:GE - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 13,592 shares of the company's stock, valued at approximately $5,080,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GE. Brighton Jones LLC increased its holdings in shares of GE Aerospace by 25.3% during the fourth quarter. Brighton Jones LLC now owns 12,008 shares of the company's stock valued at $2,003,000 after acquiring an additional 2,421 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake in GE Aerospace by 7.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company's stock worth $375,000 after purchasing an additional 150 shares in the last quarter. Sivia Capital Partners LLC grew its position in GE Aerospace by 4.6% during the 2nd quarter. Sivia Capital Partners LLC now owns 4,337 shares of the company's stock worth $1,116,000 after purchasing an additional 191 shares during the last quarter. Main Street Financial Solutions LLC lifted its stake in shares of GE Aerospace by 348.6% during the second quarter. Main Street Financial Solutions LLC now owns 5,899 shares of the company's stock worth $1,518,000 after buying an additional 4,584 shares during the period. Finally, HUB Investment Partners LLC grew its holdings in shares of GE Aerospace by 4.2% during the second quarter. HUB Investment Partners LLC now owns 9,035 shares of the company's stock valued at $2,326,000 after buying an additional 366 shares during the last quarter. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

GE Aerospace Price Performance

Shares of NYSE GE opened at $370.40 on Friday. 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 stock has a market capitalization of $384.31 billion, a price-to-earnings ratio of 43.63, a PEG ratio of 2.74 and a beta of 1.36. The firm's 50 day simple moving average is $353.75 and its 200-day simple moving average is $322.74. GE Aerospace has a 12 month low of $263.80 and a 12 month high of $388.84.

GE Aerospace (NYSE:GE - Get Free Report) last announced its quarterly earnings results on Thursday, July 16th. The company reported $2.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 net margin of 17.72% and a return on equity of 40.56%. The firm's quarterly revenue was up 21.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.66 earnings per share. GE Aerospace has set its FY 2026 guidance at 7.650-7.850 EPS. Analysts expect that GE Aerospace will post 7.91 EPS for the current year.

GE Aerospace Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 27th. Stockholders of record on Monday, July 6th were paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, July 6th. GE Aerospace's dividend payout ratio is presently 22.14%.

Insider Activity

In other news, SVP Mohamed Ali sold 8,096 shares of the business's stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $353.71, for a total value of $2,863,636.16. Following the completion of the sale, the senior vice president directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.19% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

GE has been the topic of several research reports. BNP Paribas Exane cut their target price on GE Aerospace from $300.00 to $270.00 and set an "underperform" rating on the stock in a research report on Thursday, May 14th. Weiss Ratings raised GE Aerospace from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, July 17th. Seaport Research Partners initiated coverage on GE Aerospace in a research note on Tuesday, May 26th. They set a "buy" rating and a $375.00 price target on the stock. UBS Group increased their price objective on GE Aerospace from $426.00 to $435.00 and gave the company a "buy" rating in a report on Friday, July 17th. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a $400.00 price objective (up from $355.00) on shares of GE Aerospace in a research note on Wednesday, July 15th. 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $390.59.

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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