1,766 Shares in GE Aerospace $GE Bought by Scarborough Advisors LLC

Scarborough Advisors LLC purchased a new stake in GE Aerospace (NYSE:GEFree Report) in the first quarter, HoldingsChannel reports. The institutional investor purchased 1,766 shares of the company’s stock, valued at approximately $501,000.

Other large investors also recently bought and sold shares of the company. Blueline Advisors LLC acquired a new stake in shares of GE Aerospace during the fourth quarter worth about $25,000. Ankerstar Wealth LLC purchased a new stake in shares of GE Aerospace in the 4th quarter valued at about $31,000. Tucker Asset Management LLC acquired a new stake in shares of GE Aerospace in the 4th quarter valued at about $32,000. Lifetime Wealth Management P.C. acquired a new stake in shares of GE Aerospace in the 4th quarter valued at about $40,000. Finally, Beaird Harris Wealth Management LLC grew its stake in 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 buying an additional 59 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. BNP Paribas Exane cut their price target on GE Aerospace from $300.00 to $270.00 and set an “underperform” rating on the stock in a research report on Thursday, May 14th. Zacks Research lowered shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $400.00 price target (up from $355.00) on shares of GE Aerospace in a research report on Wednesday. President Capital decreased their price target on shares of GE Aerospace from $355.00 to $342.00 and set a “buy” rating for the company in a research note on Wednesday, April 22nd. Finally, Jefferies Financial Group raised their price objective on shares of GE Aerospace from $365.00 to $455.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $370.33.

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Key GE Aerospace News

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

GE Aerospace Price Performance

GE Aerospace stock opened at $348.58 on Monday. GE Aerospace has a 52 week low of $254.66 and a 52 week high of $382.97. The company has a quick ratio of 0.67, a current ratio of 0.98 and a debt-to-equity ratio of 0.96. The firm’s 50-day simple moving average is $336.31 and its 200 day simple moving average is $318.56. The firm has a market capitalization of $361.67 billion, a PE ratio of 41.06, a P/E/G ratio of 2.92 and a beta of 1.35.

GE Aerospace (NYSE:GEGet Free Report) last posted its earnings results on Thursday, July 16th. The company reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.16. GE Aerospace had a net margin of 17.72% and a return on equity of 40.56%. The firm had revenue of $12.63 billion during the quarter, compared to the consensus estimate of $11.87 billion. During the same period last year, the firm posted $1.66 EPS. The firm’s revenue for the quarter was up 21.1% on a year-over-year basis. GE Aerospace has set its FY 2026 guidance at 7.650-7.850 EPS. On average, equities research analysts predict that GE Aerospace will post 7.93 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 27th. Investors of record on Monday, July 6th will be given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Monday, July 6th. GE Aerospace’s payout ratio is currently 22.14%.

About GE Aerospace

(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.

Further Reading

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

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