Pelham Capital Ltd. Has $10.96 Million Position in GE Aerospace $GE

Key Points

• Pelham Capital cut its GE Aerospace stake by 22.1% in the second quarter, leaving it with 29,315 shares valued at approximately $10.96 million. Institutional investors collectively own 74.77% of the stock.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $390.59; 16 analysts rate the shares Buy, compared with two Holds and one Sell.
• GE Aerospace exceeded quarterly expectations with adjusted EPS of $2.02 and revenue of $12.63 billion, up 21.1% year over year. The company also declared a $0.47 quarterly dividend, equivalent to a 0.6% annualized yield.

Pelham Capital Ltd. lessened its stake in shares of GE Aerospace (NYSE:GE - Free Report) by 22.1% in the second quarter, according to its most recent filing with the SEC. The fund owned 29,315 shares of the company's stock after selling 8,306 shares during the period. GE Aerospace comprises about 6.2% of Pelham Capital Ltd.'s portfolio, making the stock its 9th largest holding. Pelham Capital Ltd.'s holdings in GE Aerospace were worth $10,956,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Brighton Jones LLC increased its stake in GE Aerospace by 25.3% in the 4th quarter. Brighton Jones LLC now owns 12,008 shares of the company's stock worth $2,003,000 after purchasing an additional 2,421 shares in the last quarter. Revolve Wealth Partners LLC lifted its stake in GE Aerospace by 7.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company's stock valued at $375,000 after buying an additional 150 shares in the last quarter. Sivia Capital Partners LLC lifted its stake in 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 buying an additional 191 shares in the last quarter. Main Street Financial Solutions LLC boosted its holdings in shares of GE Aerospace by 348.6% in the second quarter. Main Street Financial Solutions LLC now owns 5,899 shares of the company's stock worth $1,518,000 after buying an additional 4,584 shares during the period. Finally, HUB Investment Partners LLC boosted its holdings in shares of GE Aerospace by 4.2% in the second quarter. HUB Investment Partners LLC now owns 9,035 shares of the company's stock worth $2,326,000 after buying an additional 366 shares during the period. 74.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Sanford C. Bernstein set a $421.00 price target on shares of GE Aerospace and gave the company an "outperform" rating in a research report on Thursday, July 23rd. 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 report on Friday, July 17th. JPMorgan Chase & Co. boosted their target price on shares of GE Aerospace from $335.00 to $400.00 and gave the company an "overweight" rating in a research note on Monday, July 20th. Jefferies Financial Group raised their target price on GE Aerospace from $365.00 to $455.00 and gave the stock a "buy" rating in a research report on Thursday, July 2nd. Finally, Susquehanna reiterated a "positive" rating and set a $430.00 price target (up from $380.00) on shares of GE Aerospace in a report on Thursday, July 9th. Sixteen research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $390.59.

Insiders Place Their Bets

In other GE Aerospace 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 transaction, the senior vice president directly owned 20,666 shares in the company, 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 filing with the Securities & Exchange Commission, which is available at the SEC website. 0.19% of the stock is currently owned by company insiders.

GE Aerospace Price Performance

NYSE GE opened at $335.76 on Tuesday. The company has a quick ratio of 0.67, a current ratio of 0.98 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $348.37 billion, a PE ratio of 39.55, a price-to-earnings-growth ratio of 2.50 and a beta of 1.36. The company has a 50 day moving average price of $359.94 and a two-hundred day moving average price of $328.30. GE Aerospace has a 12-month low of $268.01 and a 12-month high of $388.84.

GE Aerospace (NYSE:GE - Get Free Report) last announced its quarterly earnings results on Thursday, July 16th. The company reported $2.02 EPS for the quarter, topping 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 company had revenue of $12.63 billion for the quarter, compared to analyst estimates of $11.87 billion. During the same quarter in the prior year, the business posted $1.66 EPS. GE Aerospace's quarterly revenue was up 21.1% on a year-over-year basis. GE Aerospace has set its FY 2026 guidance at 7.650-7.850 EPS. As a group, equities analysts predict that GE Aerospace will post 7.91 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 27th. Shareholders of record on Monday, July 6th were given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Monday, July 6th. GE Aerospace's dividend payout ratio is presently 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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