GE Aerospace $GE Stake Lifted by Cibc World Market Inc.

Cibc World Market Inc. boosted its stake in GE Aerospace (NYSE:GE) by 61.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 181,125 shares of the company’s stock after buying an additional 69,145 shares during the period. Cibc World Market Inc.’s holdings in GE Aerospace were worth $67,692,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Blueline Advisors LLC bought a new position in shares of GE Aerospace during the fourth quarter worth about $25,000. Ankerstar Wealth LLC acquired a new stake in GE Aerospace in the 4th quarter valued at approximately $31,000. Tucker Asset Management LLC bought a new stake in GE Aerospace during the 4th quarter valued at $32,000. Paladin Partners LLC bought a new stake in shares of GE Aerospace during the second quarter valued at about $38,000. Finally, Lifetime Wealth Management P.C. acquired a new stake in GE Aerospace in the fourth quarter worth about $40,000. 74.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on GE shares. Sanford C. Bernstein set a $421.00 target price on shares of GE Aerospace and gave the company an “outperform” rating in a research note on Thursday, July 23rd. Jefferies Financial Group upped their price target on shares of GE Aerospace from $365.00 to $455.00 and gave the stock a “buy” rating in a research note on Thursday, July 2nd. Citigroup reaffirmed a “buy” rating and issued a $431.00 price target (up from $353.00) on shares of GE Aerospace in a research note on Wednesday, July 1st. Susquehanna reiterated a “positive” rating and issued a $430.00 price objective (up from $380.00) on shares of GE Aerospace in a report on Thursday, July 9th. Finally, UBS Group raised their price objective on shares of GE Aerospace from $426.00 to $435.00 and gave the company a “buy” rating in a research note on Friday, July 17th. Sixteen research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $390.59.

Insider Buying and Selling at GE Aerospace

In other news, SVP Mohamed Ali sold 8,096 shares of GE Aerospace stock in a transaction that occurred 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 transaction, the senior vice president owned 20,666 shares of the company’s stock, valued at $7,309,770.86. The trade was a 28.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.19% of the company’s stock.

GE Aerospace Trading Up 0.1%

Shares of GE Aerospace stock opened at $348.85 on Monday. The business has a fifty day simple moving average of $361.10 and a 200-day simple moving average of $326.97. GE Aerospace has a fifty-two week low of $266.37 and a fifty-two week high of $388.84. The firm has a market cap of $361.95 billion, a price-to-earnings ratio of 41.09, a price-to-earnings-growth ratio of 2.54 and a beta of 1.36. The company has a quick ratio of 0.67, a current ratio of 0.98 and a debt-to-equity ratio of 0.96.

GE Aerospace (NYSE:GE) last released its earnings results on Thursday, July 16th. The company reported $2.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.16. The firm had revenue of $12.63 billion for the quarter, compared to analyst estimates of $11.87 billion. GE Aerospace had a return on equity of 40.56% and a net margin of 17.72%.GE Aerospace’s revenue was up 21.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.66 earnings per share. GE Aerospace has set its FY 2026 guidance at 7.650-7.850 EPS. On average, equities analysts forecast that GE Aerospace will post 7.91 EPS for the current fiscal year.

GE Aerospace Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 27th. Stockholders of record on Monday, July 6th were given a dividend of $0.47 per share. The ex-dividend date was 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%.

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.