Castleark Management LLC Grows Position in GE Aerospace $GE

Key Points

• Castleark Management increased its GE Aerospace position by 72.2% in the second quarter, reaching 52,830 shares valued at approximately $19.7 million. Institutional investors collectively own 74.77% of the company.
• GE Aerospace reported quarterly EPS of $2.02, exceeding the $1.86 consensus estimate, while revenue rose 21.1% year over year to $12.63 billion. The company issued fiscal 2026 EPS guidance of $7.65 to $7.85.
• Analyst sentiment remains positive, with a consensus rating of “Moderate Buy” and an average price target of $390.59, despite a GE Aerospace senior vice president selling 8,096 shares for about $2.86 million.

Castleark Management LLC increased its holdings in GE Aerospace (NYSE:GE - Free Report) by 72.2% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 52,830 shares of the company's stock after buying an additional 22,150 shares during the quarter. GE Aerospace comprises approximately 0.5% of Castleark Management LLC's portfolio, making the stock its 29th biggest position. Castleark Management LLC's holdings in GE Aerospace were worth $19,744,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of GE. Brighton Jones LLC lifted its position in 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 purchasing an additional 2,421 shares during the period. Revolve Wealth Partners LLC grew its position 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 during the period. Sivia Capital Partners LLC grew its position in GE Aerospace by 4.6% in 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 period. Main Street Financial Solutions LLC raised its stake in GE Aerospace by 348.6% during the 2nd quarter. Main Street Financial Solutions LLC now owns 5,899 shares of the company's stock valued at $1,518,000 after buying an additional 4,584 shares during the last quarter. Finally, HUB Investment Partners LLC raised its stake in GE Aerospace by 4.2% during the 2nd 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. Hedge funds and other institutional investors own 74.77% of the company's stock.

Insiders Place Their Bets

In other GE Aerospace news, SVP Mohamed Ali sold 8,096 shares of the business's stock in a transaction dated 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 sale, the senior vice president owned 20,666 shares of the company's stock, valued at approximately $7,309,770.86. The trade was a 28.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.19% of the company's stock.

GE Aerospace Stock Up 2.3%

GE opened at $349.68 on Wednesday. The company has a current ratio of 0.98, a quick ratio of 0.67 and a debt-to-equity ratio of 0.96. GE Aerospace has a 1-year low of $267.42 and a 1-year high of $388.84. The company has a market capitalization of $362.81 billion, a PE ratio of 41.19, a PEG ratio of 2.50 and a beta of 1.36. The firm's 50 day simple moving average is $361.04 and its two-hundred day simple moving average is $327.48.

GE Aerospace (NYSE:GE - Get Free Report) last issued its quarterly earnings data on Thursday, July 16th. The company reported $2.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.86 by $0.16. GE Aerospace had a net margin of 17.72% and a return on equity of 40.56%. The firm had revenue of $12.63 billion during the quarter, compared to the consensus estimate of $11.87 billion. During the same quarter in the previous year, the firm posted $1.66 EPS. The company's revenue for the quarter was up 21.1% compared to the same quarter last year. GE Aerospace has set its FY 2026 guidance at 7.650-7.850 EPS. As a group, equities analysts forecast that GE Aerospace will post 7.91 EPS for the current year.

GE Aerospace Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on GE shares. UBS Group raised their price target on GE Aerospace from $426.00 to $435.00 and gave the stock a "buy" rating in a research note on Friday, July 17th. BNP Paribas Exane reduced their price objective on GE Aerospace from $300.00 to $270.00 and set an "underperform" rating for the company in a research report on Thursday, May 14th. Royal Bank Of Canada reissued an "outperform" rating and issued a $400.00 target price (up from $355.00) on shares of GE Aerospace in a report on Wednesday, July 15th. TD Cowen reissued a "buy" rating and issued a $380.00 target price (up from $330.00) on shares of GE Aerospace in a research report on Monday, July 13th. Finally, JPMorgan Chase & Co. boosted their price target on GE Aerospace from $335.00 to $400.00 and gave the company an "overweight" rating in a research note on Monday, July 20th. Sixteen investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, GE Aerospace presently has a consensus rating of "Moderate Buy" and a consensus target price of $390.59.

About GE Aerospace

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.

Want to see what other hedge funds are holding GE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GE Aerospace (NYSE:GE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source