Sun Financial Inc purchased a new stake in GE Aerospace (NYSE:GE - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,352 shares of the company's stock, valued at approximately $1,341,000.
Several other large investors have also made changes to their positions in the business. Reynders McVeigh Capital Management LLC raised its stake in shares of GE Aerospace by 24.3% during the 4th quarter. Reynders McVeigh Capital Management LLC now owns 1,581 shares of the company's stock worth $487,000 after buying an additional 309 shares during the period. Elite Wealth Management Inc. acquired a new position in GE Aerospace in the 4th quarter valued at $3,867,000. Summit Wealth & Retirement Planning Inc. raised its stake in GE Aerospace by 25.5% in the 4th quarter. Summit Wealth & Retirement Planning Inc. now owns 970 shares of the company's stock valued at $299,000 after purchasing an additional 197 shares during the last quarter. Core Alternative Capital raised its stake in GE Aerospace by 162.8% in the 4th quarter. Core Alternative Capital now owns 1,866 shares of the company's stock valued at $575,000 after purchasing an additional 1,156 shares during the last quarter. Finally, Woodard & Co. Asset Management Group Inc. ADV raised its stake in GE Aerospace by 7.5% in the 4th quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 19,274 shares of the company's stock valued at $5,937,000 after purchasing an additional 1,352 shares during the last quarter. 74.77% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research firms recently commented on GE. Wells Fargo & Company began coverage on GE Aerospace in a research note on Wednesday, April 1st. They issued an "overweight" rating and a $325.00 price objective for the company. JPMorgan Chase & Co. increased their price objective on GE Aerospace from $325.00 to $335.00 and gave the company an "overweight" rating in a research note on Monday, January 26th. Weiss Ratings reissued a "buy (b)" rating on shares of GE Aerospace in a research note on Thursday, January 22nd. Jefferies Financial Group set a $365.00 price objective on GE Aerospace in a research note on Sunday, April 26th. Finally, BNP Paribas Exane increased their price objective on GE Aerospace from $290.00 to $300.00 and gave the company an "underperform" rating in a research note on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $349.89.
Check Out Our Latest Stock Analysis on GE
GE Aerospace Stock Performance
NYSE GE opened at $286.91 on Monday. The stock has a market cap of $299.34 billion, a PE ratio of 35.33, a P/E/G ratio of 2.66 and a beta of 1.36. The company has a current ratio of 1.01, a quick ratio of 0.70 and a debt-to-equity ratio of 0.99. GE Aerospace has a twelve month low of $205.56 and a twelve month high of $348.48. The stock has a fifty day simple moving average of $305.62 and a 200-day simple moving average of $306.38.
GE Aerospace (NYSE:GE - Get Free Report) last released its quarterly earnings results on Tuesday, April 21st. The company reported $1.86 earnings per share for the quarter, topping analysts' consensus estimates of $1.60 by $0.26. The business had revenue of $11.61 billion during the quarter, compared to analysts' expectations of $11.61 billion. GE Aerospace had a return on equity of 37.99% and a net margin of 17.86%.The company's revenue was up 24.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.49 EPS. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. Equities analysts anticipate that GE Aerospace will post 7.46 earnings per share for the current year.
GE Aerospace Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, April 27th. Investors of record on Monday, March 9th were issued a dividend of $0.47 per share. This is a positive change from GE Aerospace's previous quarterly dividend of $0.36. The ex-dividend date was Monday, March 9th. This represents a $1.88 dividend on an annualized basis and a yield of 0.7%. GE Aerospace's dividend payout ratio (DPR) is 23.15%.
About GE Aerospace
(
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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