Westpac Banking Corp Sells 1,697 Shares of GE Aerospace $GE

Westpac Banking Corp trimmed its holdings in GE Aerospace (NYSE:GE) by 10.1% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 15,067 shares of the company’s stock after selling 1,697 shares during the quarter. Westpac Banking Corp’s holdings in GE Aerospace were worth $4,276,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Blueline Advisors LLC bought a new position in shares of GE Aerospace in the 4th quarter worth approximately $25,000. Ankerstar Wealth LLC purchased a new position in shares of GE Aerospace during the 4th quarter valued at $31,000. Tucker Asset Management LLC purchased a new position in shares of GE Aerospace in the fourth quarter valued at about $32,000. Lifetime Wealth Management P.C. purchased a new position in GE Aerospace in the 4th quarter worth approximately $40,000. Finally, Beaird Harris Wealth Management LLC lifted its holdings in shares of GE Aerospace by 72.0% in the third quarter. Beaird Harris Wealth Management LLC now owns 141 shares of the company’s stock worth $42,000 after buying an additional 59 shares in the last quarter. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting GE Aerospace

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

• Positive Sentiment: GE Aerospace announced that AerCap selected its GEnx-1B engines to power 15 additional Boeing 787 Dreamliners, another order that adds to the company’s commercial engine backlog and signals continued airline/leasing demand. Article Title
• Positive Sentiment: The company also drew attention for its world’s first high-altitude hybrid-electric flight above 30,000 feet with NASA, Boeing, and BETA Technologies, which investors are reading as a major technology milestone for next-generation aviation. Article Title
• Positive Sentiment: JPMorgan raised its price target on GE Aerospace to $400 and kept an overweight rating, reflecting confidence in the company’s earnings power and growth outlook. Article Title
• Positive Sentiment: Additional commentary from Jim Cramer and other media coverage highlighted GE Aerospace as a blue-chip industrial name to own instead of speculative tech, adding to the stock’s positive sentiment. Article Title
• Neutral Sentiment: Coverage around GE Aerospace’s CEO and the Farnborough Air Show emphasized the company’s $210 billion backlog, strong Q2 results, and ongoing share buybacks, which support the long-term case but were largely reiterations of already known fundamentals. Article Title
• Negative Sentiment: Some reports noted ongoing supply-chain and parts-delivery bottlenecks in the aerospace industry, which could limit how quickly GE Aerospace converts strong demand into revenue growth. Article Title

GE Aerospace Stock Down 0.3%

NYSE:GE opened at $340.44 on Wednesday. The company has a market cap of $353.23 billion, a PE ratio of 40.10, a P/E/G ratio of 2.62 and a beta of 1.35. GE Aerospace has a twelve month low of $254.66 and a twelve month high of $382.97. The company has a current ratio of 0.98, a quick ratio of 0.67 and a debt-to-equity ratio of 0.96. The company’s 50 day moving average is $337.98 and its two-hundred day moving average is $319.00.

GE Aerospace (NYSE:GE) last issued 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. GE Aerospace had a return on equity of 40.56% and a net margin of 17.72%.The company had revenue of $12.63 billion during the quarter, compared to analyst estimates of $11.87 billion. During the same quarter last year, the business posted $1.66 EPS. The firm’s quarterly revenue was up 21.1% on a year-over-year basis. GE Aerospace has set its FY 2026 guidance at 7.650-7.850 EPS. Analysts anticipate that GE Aerospace will post 7.89 EPS for the current year.

GE Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 27th. Shareholders of record on Monday, July 6th will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 0.6%. The ex-dividend date is Monday, July 6th. GE Aerospace’s dividend payout ratio is currently 22.14%.

Analysts Set New Price Targets

A number of research firms have recently commented on GE. Wells Fargo & Company reiterated an “overweight” rating and set a $390.00 target price on shares of GE Aerospace in a research report on Monday. Weiss Ratings upgraded GE Aerospace from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday. The Goldman Sachs Group restated a “buy” rating and issued a $410.00 price target on shares of GE Aerospace in a report on Monday. Zacks Research cut GE Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Finally, Jefferies Financial Group increased their target price on shares of GE Aerospace from $365.00 to $455.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. Seventeen investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $380.89.

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.