GE Aerospace $GE Shares Sold by Harbor Investment Advisory LLC

Key Points

• Harbor Investment Advisory cut its GE Aerospace position by 51.9% in the second quarter, selling 5,263 shares and retaining 4,878 shares valued at approximately $1.82 million.
• Institutional investors and hedge funds own 74.77% of GE Aerospace, while SVP Mohamed Ali sold 8,096 shares for about $2.86 million.
• Analysts maintain a broadly bullish outlook, with a consensus “Moderate Buy” rating and an average price target of $390.59; GE also exceeded quarterly earnings and revenue estimates.

Harbor Investment Advisory LLC reduced its position in GE Aerospace (NYSE:GE - Free Report) by 51.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,878 shares of the company's stock after selling 5,263 shares during the quarter. Harbor Investment Advisory LLC's holdings in GE Aerospace were worth $1,823,000 at the end of the most recent reporting period.

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

Insider Activity at GE Aerospace

In related news, SVP Mohamed Ali sold 8,096 shares of the firm'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 sale, the senior vice president directly owned 20,666 shares of the company's stock, 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.19% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms recently commented on GE. JPMorgan Chase & Co. lifted their target price on shares of GE Aerospace from $335.00 to $400.00 and gave the stock an "overweight" rating in a research note on Monday, July 20th. Royal Bank Of Canada restated an "outperform" rating and set a $400.00 price target (up from $355.00) on shares of GE Aerospace in a research note on Wednesday, July 15th. Susquehanna reaffirmed a "positive" rating and issued a $430.00 price target (up from $380.00) on shares of GE Aerospace in a report on Thursday, July 9th. UBS Group lifted their price objective on shares of GE Aerospace from $426.00 to $435.00 and gave the stock a "buy" rating in a research note on Friday, July 17th. Finally, The Goldman Sachs Group reissued 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 issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $390.59.

GE Aerospace Stock Performance

GE opened at $381.04 on Thursday. 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 12-month low of $263.80 and a 12-month high of $384.51. The firm has a 50 day moving average of $351.74 and a two-hundred day moving average of $322.06. The firm has a market capitalization of $395.35 billion, a PE ratio of 44.88, a P/E/G ratio of 2.75 and a beta of 1.36.

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

GE Aerospace Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 27th. Stockholders of record on Monday, July 6th were issued a $0.47 dividend. 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 payout ratio is 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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