Peregrine Asset Advisers Inc. Reduces Stock Holdings in GE Aerospace $GE

Peregrine Asset Advisers Inc. reduced its stake in shares of GE Aerospace (NYSE:GE) by 87.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,336 shares of the company’s stock after selling 16,721 shares during the period. Peregrine Asset Advisers Inc.’s holdings in GE Aerospace were worth $720,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of GE. REAP Financial Group LLC purchased a new stake in shares of GE Aerospace during the 3rd quarter valued at about $25,000. Marquette Asset Management LLC acquired a new stake in GE Aerospace during the 3rd quarter valued at approximately $26,000. Barnes Dennig Private Wealth Management LLC grew its stake in GE Aerospace by 147.2% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 89 shares of the company’s stock valued at $27,000 after purchasing an additional 53 shares in the last quarter. Roble Belko & Company Inc grew its stake in GE Aerospace by 98.1% during the 3rd quarter. Roble Belko & Company Inc now owns 103 shares of the company’s stock valued at $31,000 after purchasing an additional 51 shares in the last quarter. Finally, Abich Financial Wealth Management LLC acquired a new stake in GE Aerospace during the 3rd quarter valued at approximately $32,000. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on GE shares. Morgan Stanley lowered their price objective on GE Aerospace from $425.00 to $400.00 and set an “overweight” rating for the company in a research note on Wednesday, April 22nd. JPMorgan Chase & Co. boosted their price target on GE Aerospace from $325.00 to $335.00 and gave the company an “overweight” rating in a report on Monday, January 26th. BNP Paribas Exane boosted their price target on GE Aerospace from $290.00 to $300.00 and gave the company an “underperform” rating in a report on Wednesday, April 22nd. TD Cowen lowered their price target on GE Aerospace from $350.00 to $330.00 and set a “buy” rating for the company in a report on Wednesday, April 8th. Finally, Wall Street Zen downgraded GE Aerospace from a “buy” rating to a “hold” rating in a report on Monday, April 27th. One research 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 issued a Sell rating to the stock. According to MarketBeat, GE Aerospace has a consensus rating of “Moderate Buy” and an average price target of $349.89.

GE Aerospace Trading Up 0.1%

NYSE:GE opened at $286.91 on Monday. GE Aerospace has a 12-month low of $205.56 and a 12-month high of $348.48. The firm has a market capitalization of $299.34 billion, a P/E ratio of 35.33, a P/E/G ratio of 2.66 and a beta of 1.36. 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 50 day simple moving average of $305.62 and a 200 day simple moving average of $306.38.

GE Aerospace (NYSE:GE) last released its quarterly earnings data on Tuesday, April 21st. The company reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.26. GE Aerospace had a return on equity of 37.99% and a net margin of 17.86%.The business had revenue of $11.61 billion during the quarter, compared to analyst estimates of $11.61 billion. During the same quarter in the previous year, the firm posted $1.49 EPS. The business’s revenue for the quarter was up 24.6% compared to the same quarter last year. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. Equities research analysts predict that GE Aerospace will post 7.46 EPS for the current year.

GE Aerospace Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 27th. Investors of record on Monday, March 9th were given a dividend of $0.47 per share. The ex-dividend date was Monday, March 9th. This represents a $1.88 dividend on an annualized basis and a yield of 0.7%. This is an increase from GE Aerospace’s previous quarterly dividend of $0.36. GE Aerospace’s payout ratio 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.