Sax Wealth Advisors LLC Has $3.97 Million Position in GE Aerospace $GE

Sax Wealth Advisors LLC boosted its holdings in GE Aerospace (NYSE:GE) by 28.0% during the second quarter, Holdings Channel reports. The fund owned 10,622 shares of the company’s stock after purchasing an additional 2,321 shares during the period. Sax Wealth Advisors LLC’s holdings in GE Aerospace were worth $3,970,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Blueline Advisors LLC acquired a new position in shares of GE Aerospace in the fourth quarter valued at $25,000. Ankerstar Wealth LLC acquired a new stake in shares of GE Aerospace during the 4th quarter worth about $31,000. Tucker Asset Management LLC acquired a new stake in shares of GE Aerospace during the 4th quarter worth about $32,000. Lifetime Wealth Management P.C. bought a new stake in shares of GE Aerospace during the 4th quarter worth about $40,000. Finally, Beaird Harris Wealth Management LLC boosted its holdings 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 buying an additional 59 shares during the period. Institutional investors and hedge funds own 74.77% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on GE shares. Royal Bank Of Canada reissued an “outperform” rating and issued a $400.00 price target (up from $355.00) on shares of GE Aerospace in a report on Wednesday, July 15th. President Capital reduced their price objective on GE Aerospace from $355.00 to $342.00 and set a “buy” rating for the company in a report on Wednesday, April 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $450.00 target price on shares of GE Aerospace in a research report on Monday, July 27th. The Goldman Sachs Group reissued a “buy” rating and set a $410.00 price target on shares of GE Aerospace in a report on Monday, July 20th. Finally, Citigroup restated 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. Sixteen analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, GE Aerospace presently has a consensus rating of “Moderate Buy” and an average target price of $390.59.

Insider Activity

In related 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 directly owned 20,666 shares of the company’s stock, valued at $7,309,770.86. This trade represents a 28.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.19% of the company’s stock.

GE Aerospace Stock Performance

GE opened at $370.40 on Friday. 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 52-week low of $263.80 and a 52-week high of $388.84. The firm has a market cap of $384.32 billion, a P/E ratio of 43.63, a price-to-earnings-growth ratio of 2.70 and a beta of 1.36. The business’s fifty day moving average is $353.75 and its 200-day moving average is $322.74.

GE Aerospace (NYSE:GE) last posted its quarterly earnings results on Thursday, July 16th. The company reported $2.02 EPS for the quarter, beating 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 business had revenue of $12.63 billion during the quarter, compared to the consensus estimate of $11.87 billion. During the same quarter in the previous year, the firm earned $1.66 earnings per share. GE Aerospace’s revenue for the quarter was up 21.1% compared to the same quarter last year. GE Aerospace has set its FY 2026 guidance at 7.650-7.850 EPS. Sell-side analysts expect that GE Aerospace will post 7.91 EPS for the current fiscal year.

GE Aerospace Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 27th. Stockholders of record on Monday, July 6th were issued 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 of this dividend was Monday, July 6th. GE Aerospace’s dividend payout ratio 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.