GE Aerospace $GE Shares Acquired by Bornite Capital Management LP

Key Points

• Bornite Capital Management LP increased its GE Aerospace holdings by 1,150% in the second quarter, ending with 80,000 shares valued at approximately $29.9 million. Institutional investors and hedge funds collectively own 74.77% of the stock.
• Analyst sentiment remains positive: 16 analysts rate GE a Buy, with a consensus “Moderate Buy” rating and an average price target of $390.59. Several firms recently raised their targets to between $380 and $435.
• GE Aerospace exceeded quarterly expectations, reporting $2.02 in earnings per share and $12.63 billion in revenue, while revenue grew 21.1% year over year. The company also declared a $0.47 quarterly dividend, equivalent to a 0.6% annual yield.

Bornite Capital Management LP lifted its holdings in shares of GE Aerospace (NYSE:GE - Free Report) by 1,150.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 80,000 shares of the company's stock after purchasing an additional 73,600 shares during the quarter. GE Aerospace comprises approximately 3.8% of Bornite Capital Management LP's investment portfolio, making the stock its 17th biggest position. Bornite Capital Management LP's holdings in GE Aerospace were worth $29,898,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GE. Blueline Advisors LLC purchased a new position in GE Aerospace during the fourth quarter worth about $25,000. Ankerstar Wealth LLC purchased a new stake in shares of GE Aerospace in the 4th quarter valued at approximately $31,000. Tucker Asset Management LLC purchased a new stake in shares of GE Aerospace in the 4th quarter valued at approximately $32,000. Paladin Partners LLC acquired a new position in shares of GE Aerospace in the 2nd quarter worth approximately $38,000. Finally, Lifetime Wealth Management P.C. acquired a new position in shares of GE Aerospace in the 4th quarter worth approximately $40,000. 74.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Royal Bank Of Canada reiterated 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. JPMorgan Chase & Co. upped their price target on GE Aerospace from $335.00 to $400.00 and gave the stock an "overweight" rating in a research note on Monday, July 20th. 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 report on Friday, July 17th. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $390.00 price objective on shares of GE Aerospace in a research note on Monday, July 20th. Finally, TD Cowen reiterated a "buy" rating and issued a $380.00 price objective (up from $330.00) on shares of GE Aerospace in a report on Monday, July 13th. Sixteen investment 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 data from MarketBeat.com, GE Aerospace presently has a consensus rating of "Moderate Buy" and a consensus target price of $390.59.

Insider Activity

In other news, SVP Mohamed Ali sold 8,096 shares of the stock in a transaction dated 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 transaction, the senior vice president owned 20,666 shares in the company, valued at approximately $7,309,770.86. This represents a 28.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.19% of the company's stock.

GE Aerospace Trading Down 1.4%

GE opened at $330.86 on Wednesday. GE Aerospace has a 12 month low of $268.01 and a 12 month high of $388.84. The stock has a market capitalization of $343.29 billion, a price-to-earnings ratio of 38.97, a PEG ratio of 2.45 and a beta of 1.36. 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 business has a fifty day moving average price of $359.43 and a 200 day moving average price of $328.42.

GE Aerospace (NYSE:GE - Get Free Report) last issued its 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. 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 for the quarter, compared to analysts' expectations of $11.87 billion. During the same quarter last year, the company earned $1.66 earnings per share. The firm's revenue 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. Sell-side analysts expect that GE Aerospace will post 7.91 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 27th. Shareholders of record on Monday, July 6th were issued 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 of this dividend was Monday, July 6th. GE Aerospace's payout ratio is 22.14%.

Trending Headlines about GE Aerospace

Here are the key news stories impacting GE Aerospace this week:

• Positive Sentiment: South Korea’s navy selected GE Aerospace to supply engines for its new KDDX destroyers. The award expands GE’s international defense presence and could support future propulsion revenue. ROK Navy Selects GE Aerospace to Power New KDDX Destroyer
• Positive Sentiment: GE Aerospace plans to flight-test its HyCAT hypersonic test bed in 2028 after winning a related program. The effort strengthens the company’s positioning in hypersonic and advanced-defense technologies, although meaningful revenue is likely several years away. GE Aerospace Boosts Hypersonic Hopes With HyCAT Win
• Positive Sentiment: GE expects full qualification of its T901 helicopter engine by the end of next year. Qualification would remove an important development milestone and potentially advance adoption of the engine in U.S. Army programs. GE Aerospace Anticipates Full Qualification of T901
• Positive Sentiment: Market coverage continues to highlight GE’s longer-term outperformance versus the Nasdaq and strong analyst sentiment. This supports the investment case, though it may already be reflected in the stock’s elevated valuation. Is GE Aerospace Stock Outperforming the Nasdaq?
• Neutral Sentiment: Indian aviation authorities said a 2023 Air India 787 engine shutdown prompted GE Aerospace to expand inspection requirements. The report underscores additional oversight and potential maintenance implications, but does not identify a new incident or financial impact. DGCA Says Air India Engine Shutdown Prompted Expanded GE Inspections
• Negative Sentiment: GE fell more than the broader market in the latest trading session. Available coverage describes the move but provides no clear company-specific catalyst, suggesting profit-taking or market positioning may have contributed after the stock’s prior gains. Why GE Aerospace Fell More Than the Broader Market

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