10,704 Shares in GE Aerospace $GE Bought by Fulcrum Wealth Advisors LLC

Fulcrum Wealth Advisors LLC acquired a new position in GE Aerospace (NYSE:GE) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 10,704 shares of the company’s stock, valued at approximately $3,297,000. GE Aerospace accounts for 2.7% of Fulcrum Wealth Advisors LLC’s investment portfolio, making the stock its 12th largest position.

Other institutional investors and hedge funds also recently made changes to their positions in the company. REAP Financial Group LLC purchased a new position in shares of GE Aerospace in the third quarter worth approximately $25,000. Marquette Asset Management LLC purchased a new position in shares of GE Aerospace in the third quarter worth approximately $26,000. Barnes Dennig Private Wealth Management LLC boosted its holdings in shares of GE Aerospace by 147.2% in the third quarter. Barnes Dennig Private Wealth Management LLC now owns 89 shares of the company’s stock worth $27,000 after buying an additional 53 shares during the last quarter. Roble Belko & Company Inc lifted its position in GE Aerospace by 98.1% during the third 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 purchased a new position in GE Aerospace during the third quarter valued at $32,000. Hedge funds and other institutional investors own 74.77% of the company’s stock.

GE Aerospace Price Performance

NYSE:GE opened at $280.07 on Tuesday. The company has a current ratio of 1.01, a quick ratio of 0.70 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $292.21 billion, a P/E ratio of 34.49, a P/E/G ratio of 2.66 and a beta of 1.36. GE Aerospace has a 12 month low of $205.65 and a 12 month high of $348.48. The business’s 50-day moving average is $305.62 and its 200 day moving average is $306.38.

GE Aerospace (NYSE:GE) last issued its quarterly earnings data on Tuesday, April 21st. The company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.60 by $0.26. GE Aerospace had a return on equity of 37.99% and a net margin of 17.86%.The company had revenue of $11.61 billion for the quarter, compared to analysts’ expectations of $11.61 billion. During the same period in the previous year, the firm posted $1.49 earnings per share. The firm’s revenue for the quarter was up 24.6% on a year-over-year basis. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. On average, equities research analysts forecast that GE Aerospace will post 7.46 earnings per share for the current fiscal year.

GE Aerospace Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 27th. Shareholders of record on Monday, March 9th were paid a dividend of $0.47 per share. The ex-dividend date of this dividend was Monday, March 9th. This is an increase from GE Aerospace’s previous quarterly dividend of $0.36. This represents a $1.88 annualized dividend and a yield of 0.7%. GE Aerospace’s payout ratio is presently 23.15%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Sanford C. Bernstein lifted their target price on GE Aerospace from $374.00 to $405.00 and gave the company an “outperform” rating in a research report on Tuesday, March 3rd. BNP Paribas Exane boosted their price objective on GE Aerospace from $290.00 to $300.00 and gave the company an “underperform” rating in a research report on Wednesday, April 22nd. Wells Fargo & Company initiated coverage on GE Aerospace in a research report on Wednesday, April 1st. They issued an “overweight” rating and a $325.00 price objective on the stock. UBS Group decreased their target price on GE Aerospace from $357.00 to $350.00 and set a “buy” rating on the stock in a research report on Wednesday, April 22nd. Finally, Wolfe Research boosted their target price on GE Aerospace from $340.00 to $360.00 and gave the stock an “outperform” rating in a research report on Monday, January 12th. One 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 given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $349.89.

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.