GE Aerospace $GE is Noked Israel Ltd’s 5th Largest Position

Noked Israel Ltd lowered its position in GE Aerospace (NYSE:GEFree Report) by 16.1% in the 1st quarter, Holdings Channel reports. The institutional investor owned 162,810 shares of the company’s stock after selling 31,170 shares during the period. GE Aerospace comprises approximately 6.8% of Noked Israel Ltd’s investment portfolio, making the stock its 5th largest position. Noked Israel Ltd’s holdings in GE Aerospace were worth $46,201,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Blueline Advisors LLC bought a new position in GE Aerospace during the 4th quarter worth approximately $25,000. Ankerstar Wealth LLC bought a new stake in GE Aerospace in the fourth quarter valued at approximately $31,000. Tucker Asset Management LLC purchased a new stake in shares of GE Aerospace during the fourth quarter valued at approximately $32,000. Lifetime Wealth Management P.C. purchased a new stake in shares of GE Aerospace during the fourth quarter valued at approximately $40,000. Finally, Beaird Harris Wealth Management LLC grew its holdings in shares of GE Aerospace by 72.0% in the third quarter. Beaird Harris Wealth Management LLC now owns 141 shares of the company’s stock worth $42,000 after purchasing an additional 59 shares during the last quarter. 74.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Citigroup reiterated a “buy” rating and set a $431.00 price target (up from $353.00) on shares of GE Aerospace in a report on Wednesday, July 1st. Daiwa Securities Group started coverage on shares of GE Aerospace in a research report on Tuesday, March 31st. They issued a “neutral” rating and a $301.00 price objective on the stock. Wells Fargo & Company reaffirmed an “overweight” rating and set a $390.00 price objective on shares of GE Aerospace in a research note on Monday. Seaport Research Partners started coverage on GE Aerospace in a research note on Tuesday, May 26th. They issued a “buy” rating and a $375.00 target price on the stock. Finally, Jefferies Financial Group boosted their price target on GE Aerospace from $365.00 to $455.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. Sixteen research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $386.88.

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GE Aerospace Trading Up 2.3%

NYSE:GE opened at $349.12 on Friday. The company has a 50-day moving average price of $340.06 and a 200-day moving average price of $319.43. The stock has a market cap of $362.23 billion, a price-to-earnings ratio of 41.12, a P/E/G ratio of 2.61 and a beta of 1.35. 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 $261.71 and a 12 month high of $382.97.

GE Aerospace (NYSE:GEGet Free Report) last released its quarterly earnings results on Thursday, July 16th. The company reported $2.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $11.87 billion. During the same period in the prior year, the firm earned $1.66 earnings per share. GE Aerospace’s 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. Equities analysts predict that GE Aerospace will post 7.91 EPS for the current year.

GE Aerospace Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 27th. Stockholders of record on Monday, July 6th will be given a $0.47 dividend. The ex-dividend date of this dividend is Monday, July 6th. This represents a $1.88 annualized dividend and a dividend yield of 0.5%. GE Aerospace’s dividend payout ratio is currently 22.14%.

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

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