GE Aerospace $GE Shares Bought by NewEdge Wealth LLC

Key Points

• NewEdge Wealth increased its GE Aerospace stake by 21.1% in the second quarter, bringing its holdings to 17,256 shares valued at approximately $6.45 million. Institutional investors collectively own 74.77% of the company.
• Wall Street remains broadly optimistic: 16 analysts rate GE a Buy, with a consensus “Moderate Buy” rating and an average price target of $390.59, above the reported $356.33 opening price.
• GE Aerospace reported quarterly earnings of $2.02 per share, beating estimates of $1.86, while revenue rose 21.1% year over year to $12.63 billion. However, the stock trades at a relatively high P/E of 41.97, and an executive recently sold 8,096 shares.

NewEdge Wealth LLC lifted its stake in shares of GE Aerospace (NYSE:GE - Free Report) by 21.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 17,256 shares of the company's stock after purchasing an additional 3,009 shares during the quarter. NewEdge Wealth LLC's holdings in GE Aerospace were worth $6,449,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in GE. Blueline Advisors LLC purchased a new position in GE Aerospace in the fourth quarter valued at about $25,000. Ankerstar Wealth LLC purchased a new stake in shares of GE Aerospace during the 4th quarter worth approximately $31,000. Paladin Partners LLC acquired a new stake in shares of GE Aerospace in the 2nd quarter worth approximately $38,000. Tucker Asset Management LLC acquired a new stake in shares of GE Aerospace in the 4th quarter worth approximately $32,000. Finally, Burkett Financial Services LLC increased its stake in GE Aerospace by 28.9% in the 2nd quarter. Burkett Financial Services LLC now owns 125 shares of the company's stock valued at $47,000 after purchasing an additional 28 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company's stock.

Insider Activity

In related news, SVP Mohamed Ali sold 8,096 shares of the company's stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $353.71, for a total transaction of $2,863,636.16. Following the transaction, the senior vice president owned 20,666 shares of the company's stock, valued at approximately $7,309,770.86. This represents a 28.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.19% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on GE. UBS Group boosted their target price on GE Aerospace from $426.00 to $435.00 and gave the stock a "buy" rating in a research report on Friday, July 17th. Wall Street Zen cut GE Aerospace from a "buy" rating to a "hold" rating in a research report on Monday, April 27th. President Capital cut their price target on GE Aerospace from $355.00 to $342.00 and set a "buy" rating for the company in a research note on Wednesday, April 22nd. The Goldman Sachs Group reiterated a "buy" rating and issued a $410.00 price objective on shares of GE Aerospace in a research report on Monday, July 20th. Finally, TD Cowen reissued a "buy" rating and issued a $380.00 price objective (up from $330.00) on shares of GE Aerospace in a research note on Monday, July 13th. Sixteen analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $390.59.

Trending Headlines about GE Aerospace

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

• Positive Sentiment: New JASSM engine contract expands GE’s defense opportunity. The U.S. Air Force selected the GE Aerospace-Kratos F143-ZZ-100 engine as a second-source propulsion system for the Joint Air-to-Surface Standoff Missile program. The Engineering, Manufacturing and Development award strengthens GE’s position in compact, lower-cost engines for long-range missiles and uncrewed aircraft. US Air Force adds GE-Kratos F143 as second engine source for JASSM
• Positive Sentiment: T901 engine progress supports military growth. GE’s T901 engine cleared a preliminary flight rating for the U.S. Army’s UH-60 Black Hawk, marking progress toward broader deployment and potential recurring defense revenue. GE's T901 engine clears preliminary flight rating for UH-60 Black Hawk
• Positive Sentiment: Technology and government engagement reinforce GE’s strategic positioning. GE highlighted Bengaluru-led hybrid-electric flight and other innovation efforts, while a visit from Sen. Jon Husted and a senior Pentagon official underscored the company’s importance to U.S. aerospace and defense priorities. GE Aerospace Bengaluru innovation
• Neutral Sentiment: Operational momentum remains strong. Recent coverage points to robust commercial and defense demand, a backlog of roughly $210 billion, repeated earnings beats and raised guidance. However, these positives are already reflected in GE’s approximately 19.9% year-to-date advance. Hold GE Aerospace Even as Wall Street Remains Bullish
• Negative Sentiment: Valuation is limiting near-term upside. Analysts remain broadly bullish, but commentary warns that GE may be priced for near-perfect execution. Rising costs, debt and potential margin pressure could make it difficult for future results to justify the stock’s elevated valuation. GE Aerospace Rises 19.9% YTD: Is the Rally Still Worth Chasing?

GE Aerospace Stock Down 5.0%

Shares of NYSE:GE opened at $356.33 on Thursday. The company has a quick ratio of 0.67, a current ratio of 0.98 and a debt-to-equity ratio of 0.96. GE Aerospace has a 52-week low of $263.81 and a 52-week high of $388.84. The stock's fifty day simple moving average is $360.56 and its 200-day simple moving average is $326.42. The company has a market capitalization of $369.72 billion, a P/E ratio of 41.97, a P/E/G ratio of 2.74 and a beta of 1.36.

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

GE Aerospace Dividend Announcement

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

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.

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