MRA Advisory Group Has $1.23 Million Stock Holdings in GE Aerospace $GE

MRA Advisory Group lifted its holdings in shares of GE Aerospace (NYSE:GE) by 94.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,292 shares of the company’s stock after purchasing an additional 1,596 shares during the period. MRA Advisory Group’s holdings in GE Aerospace were worth $1,230,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Gradient Investments LLC grew its stake in GE Aerospace by 4.4% during the second quarter. Gradient Investments LLC now owns 765 shares of the company’s stock worth $286,000 after purchasing an additional 32 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its stake in GE Aerospace by 12.7% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,540 shares of the company’s stock valued at $576,000 after buying an additional 173 shares during the period. Colorado Capital Management Inc. acquired a new position in GE Aerospace in the second quarter valued at approximately $234,000. Trust Point Inc. boosted its holdings in shares of GE Aerospace by 12.0% during the 2nd quarter. Trust Point Inc. now owns 4,372 shares of the company’s stock worth $1,634,000 after buying an additional 468 shares in the last quarter. Finally, AAFMAA Wealth Management & Trust LLC bought a new position in shares of GE Aerospace during the 2nd quarter worth approximately $250,000. Institutional investors own 74.77% of the company’s stock.

Insider Transactions at GE Aerospace

In other news, SVP Mohamed Ali sold 8,096 shares of the company’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $353.71, for a total value of $2,863,636.16. Following the completion of the sale, the senior vice president owned 20,666 shares in the company, valued at $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 available through this hyperlink. 0.19% of the stock is owned by corporate insiders.

GE Aerospace Stock Performance

Shares of GE Aerospace stock opened at $370.40 on Friday. GE Aerospace has a 52 week low of $263.80 and a 52 week high of $388.84. 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 business has a 50 day moving average price of $353.75 and a 200-day moving average price of $322.74. The company has a market cap of $384.31 billion, a PE ratio of 43.63, a price-to-earnings-growth ratio of 2.74 and a beta of 1.36.

GE Aerospace (NYSE:GE) last announced its earnings results on Thursday, July 16th. The company reported $2.02 earnings per share (EPS) 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 company had revenue of $12.63 billion for the quarter, compared to analysts’ expectations of $11.87 billion. During the same quarter in the previous year, the firm 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. Equities analysts anticipate that GE Aerospace will post 7.91 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

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

Analysts Set New Price Targets

Several research firms have recently weighed in on GE. The Goldman Sachs Group reiterated a “buy” rating and issued a $410.00 price objective on shares of GE Aerospace in a research note on Monday, July 20th. Sanford C. Bernstein set a $421.00 target price on shares of GE Aerospace and gave the stock an “outperform” rating in a research note on Thursday, July 23rd. Wells Fargo & Company restated an “overweight” rating and issued a $390.00 price target on shares of GE Aerospace in a report on Monday, July 20th. Morgan Stanley decreased their price target on shares of GE Aerospace from $425.00 to $400.00 and set an “overweight” rating for the company in a research note on Wednesday, April 22nd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $450.00 price objective on shares of GE Aerospace in a report on Monday, July 27th. Sixteen investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price 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.