Troluce Capital Advisors LLC bought a new stake in GE Aerospace (NYSE:GE – Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 24,000 shares of the company’s stock, valued at approximately $6,810,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of GE. Blueline Advisors LLC purchased a new stake in GE Aerospace during the 4th quarter worth $25,000. Ankerstar Wealth LLC purchased a new position in GE Aerospace in the 4th quarter valued at about $31,000. Tucker Asset Management LLC acquired a new stake in shares of GE Aerospace during the fourth quarter valued at about $32,000. Lifetime Wealth Management P.C. acquired a new stake in shares of GE Aerospace during the fourth quarter valued at about $40,000. Finally, Beaird Harris Wealth Management LLC increased its position in shares of GE Aerospace by 72.0% during the third quarter. Beaird Harris Wealth Management LLC now owns 141 shares of the company’s stock worth $42,000 after acquiring an additional 59 shares during the last quarter. 74.77% of the stock is owned by institutional investors and hedge funds.
GE Aerospace Trading Down 0.0%
NYSE GE opened at $353.71 on Monday. 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 has a one year low of $261.71 and a one year high of $382.97. The company has a 50-day simple moving average of $341.50 and a 200-day simple moving average of $319.64. The firm has a market capitalization of $367.00 billion, a PE ratio of 41.66, a price-to-earnings-growth ratio of 2.70 and a beta of 1.35.
GE Aerospace Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, July 27th. Investors of record on Monday, July 6th will be issued a $0.47 dividend. The ex-dividend date of this dividend is Monday, July 6th. This represents a $1.88 annualized dividend and a dividend yield of 0.5%. GE Aerospace’s dividend payout ratio (DPR) is 22.14%.
Key Headlines Impacting GE Aerospace
Here are the key news stories impacting GE Aerospace this week:
- Positive Sentiment: GE Aerospace and CFM announced commitments for about 1,800 engines, highlighted by IndiGo’s order for more than 1,000 LEAP-1A engines — the largest single LEAP order ever and a major backlog booster. GE Aerospace Wraps Historic Farnborough Airshow
- Positive Sentiment: The company also won additional widebody engine business, including GEnx-1B orders for Philippine Airlines and AerCap, reinforcing demand in the commercial services and engines franchise. GE Aerospace Wraps Historic Farnborough Airshow
- Positive Sentiment: GE Aerospace said FAA and EASA certified durability upgrades for the LEAP-1B engine, which should reduce maintenance burden and improve engine time on wing — a favorable sign for margins and aftermarket revenue. GE Aerospace Concludes Farnborough Airshow with Record Engine Orders, Durability Advances and Hybrid Electric Flight Milestones
- Positive Sentiment: Management also highlighted a milestone in hybrid-electric flight above 30,000 feet and new defense-related collaborations, signaling continued investment in future aerospace technologies and military demand. GE Aerospace Wraps Historic Farnborough Airshow
- Neutral Sentiment: Several analyst notes and stock-trend articles are also keeping GE in focus, but the main stock-moving catalyst today appears to be the company’s strong order announcements and product-certificate news. GE Aerospace (GE) Is a Trending Stock: Facts to Know Before Betting on It
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on GE. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $390.00 target price on shares of GE Aerospace in a research report on Monday, July 20th. UBS Group boosted their target price on shares of GE Aerospace from $426.00 to $435.00 and gave the stock a “buy” rating in a research report on Friday, July 17th. BNP Paribas Exane cut their target price on shares of GE Aerospace from $300.00 to $270.00 and set an “underperform” rating on the stock in a research note on Thursday, May 14th. Wall Street Zen cut shares of GE Aerospace from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. Finally, President Capital decreased their target price on GE Aerospace from $355.00 to $342.00 and set a “buy” rating for the company in a research report on Wednesday, April 22nd. Sixteen research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, GE Aerospace has a consensus rating of “Moderate Buy” and a consensus price target of $386.88.
Get Our Latest Research Report on GE
GE Aerospace 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.
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