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M&T Bank Corp Trims Stock Position in GE Aerospace $GE

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M&T Bank Corp trimmed its stake in GE Aerospace (NYSE:GE - Free Report) by 97.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 4,971 shares of the company's stock after selling 189,479 shares during the period. M&T Bank Corp's holdings in GE Aerospace were worth $1,531,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Phoenix Financial Ltd. raised its stake in shares of GE Aerospace by 34.3% in the 3rd quarter. Phoenix Financial Ltd. now owns 22,632 shares of the company's stock valued at $6,808,000 after acquiring an additional 5,775 shares during the period. Integrity Financial Corp WA acquired a new position in shares of GE Aerospace in the third quarter valued at approximately $481,000. Prime Capital Investment Advisors LLC grew its holdings in shares of GE Aerospace by 23.6% in the third quarter. Prime Capital Investment Advisors LLC now owns 51,105 shares of the company's stock valued at $15,373,000 after purchasing an additional 9,750 shares in the last quarter. HORAN Wealth LLC grew its holdings in shares of GE Aerospace by 667.0% in the third quarter. HORAN Wealth LLC now owns 10,194 shares of the company's stock valued at $3,066,000 after purchasing an additional 8,865 shares in the last quarter. Finally, Prospera Financial Services Inc grew its holdings in shares of GE Aerospace by 18.1% in the third quarter. Prospera Financial Services Inc now owns 47,706 shares of the company's stock valued at $14,354,000 after purchasing an additional 7,315 shares in the last quarter. 74.77% of the stock is owned by hedge funds and other institutional investors.

GE Aerospace Trading Down 2.1%

NYSE GE opened at $283.10 on Thursday. The company has a quick ratio of 0.70, a current ratio of 1.01 and a debt-to-equity ratio of 0.99. GE Aerospace has a 52 week low of $196.86 and a 52 week high of $348.48. The stock has a market capitalization of $295.37 billion, a PE ratio of 34.86, a price-to-earnings-growth ratio of 2.65 and a beta of 1.43. The firm has a 50 day moving average of $306.50 and a two-hundred day moving average of $306.39.

GE Aerospace (NYSE:GE - Get Free Report) last posted its quarterly earnings results on Tuesday, April 21st. The company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.60 by $0.26. GE Aerospace had a net margin of 17.86% and a return on equity of 37.99%. The company had revenue of $11.61 billion during the quarter, compared to analysts' expectations of $11.61 billion. During the same quarter in the previous year, the business posted $1.49 EPS. The firm's revenue was up 24.6% on a year-over-year basis. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. As a group, research analysts expect that GE Aerospace will post 7.45 EPS for the current fiscal year.

GE Aerospace Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 27th. Shareholders of record on Monday, March 9th were issued a dividend of $0.47 per share. This is a boost from GE Aerospace's previous quarterly dividend of $0.36. The ex-dividend date was Monday, March 9th. This represents a $1.88 annualized dividend and a yield of 0.7%. GE Aerospace's dividend payout ratio (DPR) is presently 23.15%.

Insiders Place Their Bets

In other GE Aerospace news, SVP Russell Stokes sold 30,363 shares of the business's stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $306.47, for a total transaction of $9,305,348.61. Following the completion of the transaction, the senior vice president owned 150,434 shares in the company, valued at $46,103,507.98. The trade was a 16.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Amy L. Gowder sold 4,000 shares of the business's stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $305.73, for a total transaction of $1,222,920.00. Following the transaction, the senior vice president owned 16,535 shares of the company's stock, valued at $5,055,245.55. This trade represents a 19.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 37,398 shares of company stock worth $11,455,491 in the last 90 days. Corporate insiders own 0.19% of the company's stock.

Analyst Ratings Changes

GE has been the subject of a number of research reports. BNP Paribas Exane lifted their price objective on shares of GE Aerospace from $290.00 to $300.00 and gave the company an "underperform" rating in a report on Wednesday, April 22nd. Royal Bank Of Canada restated an "outperform" rating and issued a $355.00 price objective on shares of GE Aerospace in a report on Wednesday, April 22nd. Sanford C. Bernstein lifted their price objective on shares of GE Aerospace from $374.00 to $405.00 and gave the company an "outperform" rating in a report on Tuesday, March 3rd. UBS Group dropped their price objective on shares of GE Aerospace from $357.00 to $350.00 and set a "buy" rating for the company in a report on Wednesday, April 22nd. Finally, Wolfe Research lifted their price objective on shares of GE Aerospace from $340.00 to $360.00 and gave the company an "outperform" rating in a report on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, GE Aerospace currently has a consensus rating of "Moderate Buy" and a consensus target price of $349.89.

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GE Aerospace Company Profile

(Free Report)

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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Institutional Ownership by Quarter for GE Aerospace (NYSE:GE)

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.

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