Secured Retirement Advisors LLC Purchases Shares of 5,380 GE Aerospace $GE

Secured Retirement Advisors LLC purchased a new position in GE Aerospace (NYSE:GEFree Report) in the first quarter, HoldingsChannel reports. The firm purchased 5,380 shares of the company’s stock, valued at approximately $1,527,000.

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

GE Aerospace Stock Performance

Shares of NYSE GE opened at $374.53 on Thursday. The company has a market cap of $390.76 billion, a P/E ratio of 46.12, a P/E/G ratio of 3.31 and a beta of 1.35. GE Aerospace has a 52-week low of $243.34 and a 52-week high of $379.67. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.70 and a current ratio of 1.01. The firm’s fifty day moving average is $319.00 and its two-hundred day moving average is $314.03.

GE Aerospace (NYSE:GEGet Free Report) last released its quarterly earnings data on Tuesday, April 21st. The company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.60 by $0.26. The business had revenue of $11.61 billion during the quarter, compared to the consensus estimate of $11.61 billion. GE Aerospace had a net margin of 17.86% and a return on equity of 37.99%. The business’s revenue was up 24.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.49 EPS. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. As a group, analysts anticipate that GE Aerospace will post 7.48 EPS for the current fiscal year.

GE Aerospace Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 27th. Investors of record on Monday, July 6th will be given a $0.47 dividend. 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 payout ratio is currently 23.15%.

Key GE Aerospace News

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Daiwa Securities Group initiated coverage on GE Aerospace in a research note on Tuesday, March 31st. They issued a “neutral” rating and a $301.00 price objective for the company. Wells Fargo & Company began coverage on GE Aerospace in a research note on Wednesday, April 1st. They set an “overweight” rating and a $325.00 target price on the stock. Zacks Research cut GE Aerospace from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. Citigroup reissued a “buy” rating and issued a $431.00 price target (up from $353.00) on shares of GE Aerospace in a report on Wednesday. Finally, President Capital dropped their price target on GE Aerospace from $355.00 to $342.00 and set a “buy” rating for the company in a research note on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $352.56.

Read Our Latest Report on GE Aerospace

GE Aerospace Company 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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