Ibex Wealth Advisors Sells 20,780 Shares of GE Aerospace $GE

Ibex Wealth Advisors lessened its stake in GE Aerospace (NYSE:GEFree Report) by 77.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,899 shares of the company’s stock after selling 20,780 shares during the quarter. Ibex Wealth Advisors’ holdings in GE Aerospace were worth $1,674,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Blueline Advisors LLC bought a new stake in GE Aerospace during the 4th quarter worth approximately $25,000. Ankerstar Wealth LLC acquired a new position in shares of GE Aerospace during the 4th quarter worth about $31,000. Tucker Asset Management LLC bought a new position in GE Aerospace in the fourth quarter valued at approximately $32,000. Lifetime Wealth Management P.C. bought a new position in shares of GE Aerospace in the fourth quarter valued at $40,000. Finally, Beaird Harris Wealth Management LLC increased its stake in shares of GE Aerospace by 72.0% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 141 shares of the company’s stock worth $42,000 after purchasing an additional 59 shares during the last quarter. 74.77% of the stock is owned by institutional investors.

GE Aerospace Stock Up 0.8%

GE opened at $358.84 on Friday. The stock has a fifty day moving average of $329.21 and a 200-day moving average of $316.94. The company has a market capitalization of $374.39 billion, a P/E ratio of 44.19, a P/E/G ratio of 3.16 and a beta of 1.35. GE Aerospace has a fifty-two week low of $246.75 and a fifty-two week high of $382.97. 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 (NYSE:GEGet Free Report) last released its quarterly earnings results on Tuesday, April 21st. The company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.60 by $0.26. GE Aerospace had a net margin of 17.86% and a return on equity of 37.99%. The business had revenue of $11.61 billion for the quarter, compared to the consensus estimate of $11.61 billion. During the same period in the prior year, the company posted $1.49 earnings per share. GE Aerospace’s revenue 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. On average, equities analysts expect that GE Aerospace will post 7.48 EPS for the current year.

GE Aerospace Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 27th. Shareholders of record on Monday, July 6th will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Monday, July 6th. GE Aerospace’s dividend payout ratio is presently 23.15%.

Key Stories Impacting GE Aerospace

Here are the key news stories impacting GE Aerospace this week:

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on GE shares. Morgan Stanley dropped their price target on GE Aerospace from $425.00 to $400.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 22nd. Wells Fargo & Company started coverage on shares of GE Aerospace in a research report on Wednesday, April 1st. They set an “overweight” rating and a $325.00 price objective for the company. Citigroup reiterated a “buy” rating and issued a $431.00 price objective (up from $353.00) on shares of GE Aerospace in a report on Wednesday, July 1st. Seaport Research Partners began coverage on shares of GE Aerospace in a research note on Tuesday, May 26th. They set a “buy” rating and a $375.00 target price for the company. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $355.00 target price on shares of GE Aerospace in a report on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, GE Aerospace presently has a consensus rating of “Moderate Buy” and an average price target of $360.33.

View Our Latest Research Report on GE

GE Aerospace Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for GE Aerospace (NYSE:GE)

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