Sigma Planning Corp Acquires 2,062 Shares of GE Aerospace $GE

Sigma Planning Corp increased its holdings in shares of GE Aerospace (NYSE:GE) by 14.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 16,778 shares of the company’s stock after buying an additional 2,062 shares during the quarter. Sigma Planning Corp’s holdings in GE Aerospace were worth $5,168,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. REAP Financial Group LLC bought a new stake in GE Aerospace during the third quarter worth $25,000. Marquette Asset Management LLC bought a new stake in GE Aerospace during the third quarter worth $26,000. Barnes Dennig Private Wealth Management LLC lifted its holdings in GE Aerospace by 147.2% during the third quarter. Barnes Dennig Private Wealth Management LLC now owns 89 shares of the company’s stock worth $27,000 after acquiring an additional 53 shares during the period. Roble Belko & Company Inc lifted its holdings in GE Aerospace by 98.1% during the third quarter. Roble Belko & Company Inc now owns 103 shares of the company’s stock worth $31,000 after acquiring an additional 51 shares during the period. Finally, Abich Financial Wealth Management LLC purchased a new stake in GE Aerospace in the third quarter worth $32,000. 74.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on GE. Susquehanna reissued a “positive” rating and issued a $380.00 target price on shares of GE Aerospace in a research report on Thursday, January 15th. The Goldman Sachs Group raised their target price on GE Aerospace from $338.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. Wall Street Zen downgraded GE Aerospace from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. Wells Fargo & Company began coverage on GE Aerospace in a research report on Wednesday, April 1st. They issued an “overweight” rating and a $325.00 target price for the company. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $355.00 target price on shares of GE Aerospace in a research report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $349.89.

Insider Buying and Selling at GE Aerospace

In other news, SVP Amy L. Gowder sold 4,000 shares of GE Aerospace stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $305.73, for a total value of $1,222,920.00. Following the completion of the transaction, the senior vice president directly owned 16,535 shares in the company, valued at approximately $5,055,245.55. The trade was a 19.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.19% of the company’s stock.

GE Aerospace Stock Performance

NYSE:GE opened at $286.91 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.01 and a quick ratio of 0.70. The business has a fifty day simple moving average of $305.62 and a two-hundred day simple moving average of $306.27. GE Aerospace has a 1 year low of $205.56 and a 1 year high of $348.48. The company has a market capitalization of $299.34 billion, a P/E ratio of 35.33, a P/E/G ratio of 2.69 and a beta of 1.36.

GE Aerospace (NYSE:GE) last announced its quarterly earnings results on Tuesday, April 21st. The company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.26. The company 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 firm’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.49 earnings per share. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. On average, analysts expect that GE Aerospace will post 7.46 earnings per share for the current year.

GE Aerospace Increases Dividend

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

GE Aerospace Company Profile

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.