Meadowbrook Wealth Management LLC Sells 2,635 Shares of GE Aerospace $GE

Meadowbrook Wealth Management LLC lessened its stake in GE Aerospace (NYSE:GE) by 29.7% in the second quarter, Holdings Channel reports. The fund owned 6,250 shares of the company’s stock after selling 2,635 shares during the quarter. GE Aerospace makes up about 2.5% of Meadowbrook Wealth Management LLC’s holdings, making the stock its 9th biggest holding. Meadowbrook Wealth Management LLC’s holdings in GE Aerospace were worth $2,336,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Burkett Financial Services LLC raised its stake in shares of GE Aerospace by 28.9% during the second quarter. Burkett Financial Services LLC now owns 125 shares of the company’s stock valued at $47,000 after purchasing an additional 28 shares during the period. Kozak & Associates Inc. boosted its stake in shares of GE Aerospace by 10.0% in the second quarter. Kozak & Associates Inc. now owns 1,977 shares of the company’s stock valued at $741,000 after purchasing an additional 180 shares during the period. Box Hill Private Wealth LLC boosted its stake in shares of GE Aerospace by 6.9% in the second quarter. Box Hill Private Wealth LLC now owns 924 shares of the company’s stock valued at $345,000 after purchasing an additional 60 shares during the period. MassMutual Private Wealth & Trust FSB grew its holdings in GE Aerospace by 26.9% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 5,704 shares of the company’s stock valued at $2,132,000 after purchasing an additional 1,209 shares in the last quarter. Finally, Hilltop National Bank grew its holdings in GE Aerospace by 6.5% during the 2nd quarter. Hilltop National Bank now owns 1,343 shares of the company’s stock valued at $502,000 after purchasing an additional 82 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

Insider Buying and Selling at GE Aerospace

In related news, SVP Mohamed Ali sold 8,096 shares of the company’s stock in a transaction that occurred on 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 sale, the senior vice president directly owned 20,666 shares of the company’s stock, valued at approximately $7,309,770.86. This represents a 28.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.19% of the company’s stock.

GE Aerospace Stock Up 2.7%

NYSE:GE opened at $369.63 on Tuesday. The company has a market capitalization of $383.51 billion, a price-to-earnings ratio of 43.54, a price-to-earnings-growth ratio of 2.63 and a beta of 1.36. GE Aerospace has a one year low of $263.80 and a one year high of $382.97. The stock has a 50-day simple moving average of $349.22 and a 200 day simple moving average of $321.22. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.67 and a current ratio of 0.98.

GE Aerospace (NYSE:GE) last announced its quarterly earnings data on Thursday, July 16th. The company reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.16. GE Aerospace had a return on equity of 40.56% and a net margin of 17.72%.The firm had revenue of $12.63 billion during the quarter, compared to analyst estimates of $11.87 billion. During the same period in the previous year, the company earned $1.66 earnings per share. 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. Sell-side analysts predict that GE Aerospace will post 7.91 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 27th. Stockholders of record on Monday, July 6th were issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Monday, July 6th. GE Aerospace’s payout ratio is 22.14%.

Analyst Ratings Changes

Several research firms recently issued reports on GE. Seaport Research Partners began coverage on shares of GE Aerospace in a research note on Tuesday, May 26th. They set a “buy” rating and a $375.00 price target on the stock. Morgan Stanley decreased their price objective on shares of GE Aerospace from $425.00 to $400.00 and set an “overweight” rating for the company in a research report on Wednesday, April 22nd. Wall Street Zen lowered GE Aerospace from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. JPMorgan Chase & Co. boosted their price target on GE Aerospace from $335.00 to $400.00 and gave the stock an “overweight” rating in a research note on Monday, July 20th. Finally, Weiss Ratings upgraded GE Aerospace from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, July 17th. Sixteen analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, GE Aerospace presently has an average rating of “Moderate Buy” and an average price target of $390.59.

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.