Precision Wealth Strategies LLC Buys 1,939 Shares of GE Aerospace $GE

Precision Wealth Strategies LLC boosted its stake in GE Aerospace (NYSE:GE) by 7.4% during the 4th quarter, HoldingsChannel reports. The fund owned 28,203 shares of the company’s stock after buying an additional 1,939 shares during the period. GE Aerospace comprises 2.8% of Precision Wealth Strategies LLC’s portfolio, making the stock its 5th largest position. Precision Wealth Strategies LLC’s holdings in GE Aerospace were worth $8,687,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in GE. Vanguard Group Inc. raised its holdings in shares of GE Aerospace by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 92,731,541 shares of the company’s stock worth $28,564,097,000 after purchasing an additional 699,364 shares during the period. State Street Corp raised its holdings in shares of GE Aerospace by 0.7% during the third quarter. State Street Corp now owns 44,577,642 shares of the company’s stock worth $13,425,562,000 after purchasing an additional 308,730 shares during the period. Capital World Investors raised its holdings in shares of GE Aerospace by 16.2% during the third quarter. Capital World Investors now owns 21,442,810 shares of the company’s stock worth $6,449,731,000 after purchasing an additional 2,995,054 shares during the period. Northern Trust Corp raised its holdings in shares of GE Aerospace by 1.8% during the third quarter. Northern Trust Corp now owns 10,296,945 shares of the company’s stock worth $3,097,527,000 after purchasing an additional 181,316 shares during the period. Finally, Jennison Associates LLC raised its holdings in shares of GE Aerospace by 21.5% during the third quarter. Jennison Associates LLC now owns 8,430,878 shares of the company’s stock worth $2,536,177,000 after purchasing an additional 1,494,541 shares during the period. 74.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity at GE Aerospace

In related news, SVP Amy L. Gowder sold 4,000 shares of the stock in a transaction dated Monday, February 2nd. The shares were 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 owned 16,535 shares in the company, valued at $5,055,245.55. This represents a 19.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Robert M. Giglietti sold 3,035 shares of the firm’s stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $305.51, for a total transaction of $927,222.85. Following the transaction, the vice president owned 10,583 shares of the company’s stock, valued at approximately $3,233,212.33. This trade represents a 22.29% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 37,398 shares of company stock worth $11,455,491 in the last 90 days. Corporate insiders own 0.19% of the company’s stock.

GE Aerospace Stock Performance

Shares of GE Aerospace stock traded up $6.20 during trading on Thursday, hitting $289.77. 1,133,044 shares of the stock were exchanged, compared to its average volume of 5,938,818. The stock’s fifty day moving average is $306.50 and its 200 day moving average is $306.39. The stock has a market cap of $302.33 billion, a PE ratio of 35.68, a P/E/G ratio of 2.65 and a beta of 1.43. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.70 and a current ratio of 1.01. GE Aerospace has a 12 month low of $200.86 and a 12 month high of $348.48.

GE Aerospace (NYSE:GE) last released its quarterly earnings results on Tuesday, April 21st. The company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.60 by $0.26. The business had revenue of $11.61 billion during the quarter, compared to analyst estimates of $11.61 billion. GE Aerospace had a net margin of 17.86% and a return on equity of 37.99%. The company’s quarterly revenue was up 24.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.49 earnings per share. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. As a group, sell-side analysts anticipate that GE Aerospace will post 7.45 EPS for the current year.

GE Aerospace Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 27th. Investors of record on Monday, March 9th were given a $0.47 dividend. The ex-dividend date was Monday, March 9th. This represents a $1.88 dividend on an annualized basis and a yield of 0.6%. This is a boost from GE Aerospace’s previous quarterly dividend of $0.36. GE Aerospace’s payout ratio is currently 23.15%.

Analysts Set New Price Targets

A number of analysts have weighed in on GE shares. Wall Street Zen cut shares of GE Aerospace from a “buy” rating to a “hold” rating in a report on Monday. Zacks Research cut shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. President Capital dropped their target price on shares of GE Aerospace from $355.00 to $342.00 and set a “buy” rating on the stock in a report on Wednesday, April 22nd. TD Cowen dropped their target price on shares of GE Aerospace from $350.00 to $330.00 and set a “buy” rating on the stock in a report on Wednesday, April 8th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of GE Aerospace from $375.00 to $387.00 and gave the stock a “buy” rating in a report on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $349.89.

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.