Ameritas Advisory Services LLC Buys 9,021 Shares of GE Aerospace $GE

Ameritas Advisory Services LLC lifted its holdings in GE Aerospace (NYSE:GE - Free Report) by 142.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,360 shares of the company's stock after purchasing an additional 9,021 shares during the quarter. Ameritas Advisory Services LLC's holdings in GE Aerospace were worth $5,741,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Guardian Wealth Advisors LLC NC boosted its holdings in GE Aerospace by 1.5% during the second quarter. Guardian Wealth Advisors LLC NC now owns 2,319 shares of the company's stock worth $867,000 after buying an additional 35 shares in the last quarter. Wedmont Private Capital raised its position in shares of GE Aerospace by 3.5% in the second quarter. Wedmont Private Capital now owns 19,322 shares of the company's stock worth $6,942,000 after acquiring an additional 645 shares during the period. Kintra Wealth LLC raised its position in shares of GE Aerospace by 9.9% in the second quarter. Kintra Wealth LLC now owns 4,105 shares of the company's stock worth $1,480,000 after acquiring an additional 369 shares during the period. Morling Financial Advisors LLC purchased a new stake in shares of GE Aerospace during the 2nd quarter worth about $252,000. Finally, PCG Wealth Advisors LLC purchased a new stake in shares of GE Aerospace during the 2nd quarter worth about $214,000. Institutional investors and hedge funds own 74.77% of the company's stock.

Insider Activity at GE Aerospace

In other news, SVP Mohamed Ali sold 8,096 shares of the firm's stock in a transaction on Friday, July 24th. The stock was sold at an average price of $353.71, for a total transaction of $2,863,636.16. Following the completion of the transaction, the senior vice president directly owned 20,666 shares in the company, valued at $7,309,770.86. This trade represents a 28.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.19% of the stock is currently owned by corporate insiders.

GE Aerospace Stock Performance

NYSE GE opened at $336.66 on Tuesday. The stock's fifty day moving average is $356.62 and its two-hundred day moving average is $328.88. The firm has a market capitalization of $349.30 billion, a P/E ratio of 39.65, a price-to-earnings-growth ratio of 2.46 and a beta of 1.35. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.67 and a current ratio of 0.98. GE Aerospace has a fifty-two week low of $268.91 and a fifty-two week high of $388.84.

GE Aerospace (NYSE:GE - Get Free Report) last posted its quarterly earnings results on Thursday, July 16th. The company reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.16. The business had revenue of $12.63 billion during the quarter, compared to analysts' expectations of $11.87 billion. GE Aerospace had a net margin of 17.72% and a return on equity of 40.56%. The business'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 posted $1.66 EPS. GE Aerospace has set its FY 2026 guidance at 7.650-7.850 EPS. On average, research analysts anticipate that GE Aerospace will post 7.91 earnings per share for the current year.

GE Aerospace Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 27th. Shareholders of record on Monday, July 6th were paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Monday, July 6th. GE Aerospace's dividend payout ratio is 22.14%.

Analysts Set New Price Targets

GE has been the subject of several research analyst reports. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $400.00 target price (up from $355.00) on shares of GE Aerospace in a research note on Wednesday, July 15th. BNP Paribas Exane dropped their price target on shares of GE Aerospace from $300.00 to $270.00 and set an "underperform" rating on the stock in a research note on Thursday, May 14th. Citigroup reissued a "buy" rating and issued a $431.00 price target (up from $353.00) on shares of GE Aerospace in a report on Wednesday, July 1st. JPMorgan Chase & Co. upped their price objective on shares of GE Aerospace from $335.00 to $400.00 and gave the stock an "overweight" rating in a research report on Monday, July 20th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating and set a $410.00 price objective on shares of GE Aerospace in a report on Monday, July 20th. Sixteen analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus 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.

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