Penobscot Investment Management Company Inc. Purchases 1,995 Shares of GE Aerospace $GE

Penobscot Investment Management Company Inc. raised its position in shares of GE Aerospace (NYSE:GE) by 14.5% in the 1st quarter, Holdings Channel reports. The firm owned 15,774 shares of the company’s stock after acquiring an additional 1,995 shares during the period. Penobscot Investment Management Company Inc.’s holdings in GE Aerospace were worth $4,476,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of GE. Allworth Financial LP lifted its holdings in shares of GE Aerospace by 7.6% in the fourth quarter. Allworth Financial LP now owns 76,867 shares of the company’s stock worth $23,677,000 after acquiring an additional 5,434 shares during the last quarter. Dara Capital US Inc. acquired a new position in GE Aerospace during the 4th quarter worth approximately $2,527,000. NewEdge Wealth LLC lifted its stake in GE Aerospace by 92.2% in the 4th quarter. NewEdge Wealth LLC now owns 20,142 shares of the company’s stock valued at $6,204,000 after purchasing an additional 9,663 shares during the last quarter. CenterBook Partners LP lifted its stake in GE Aerospace by 892.6% in the 4th quarter. CenterBook Partners LP now owns 49,788 shares of the company’s stock valued at $15,336,000 after purchasing an additional 44,772 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in GE Aerospace by 22.7% in the third quarter. Franklin Resources Inc. now owns 2,060,723 shares of the company’s stock valued at $619,907,000 after buying an additional 380,757 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

GE Aerospace Stock Performance

Shares of GE Aerospace stock opened at $366.64 on Wednesday. The stock has a market cap of $382.53 billion, a price-to-earnings ratio of 45.15, a P/E/G ratio of 3.36 and a beta of 1.35. GE Aerospace has a twelve month low of $243.34 and a twelve month high of $382.97. The company’s fifty day moving average is $326.39 and its 200 day moving average is $316.19. The company has a quick ratio of 0.70, a current ratio of 1.01 and a debt-to-equity ratio of 0.99.

GE Aerospace (NYSE:GE) last announced its earnings results on Tuesday, April 21st. The company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.60 by $0.26. GE Aerospace had a return on equity of 37.99% and a net margin of 17.86%.The firm had revenue of $11.61 billion for the quarter, compared to the consensus estimate of $11.61 billion. During the same period in the previous year, the business earned $1.49 EPS. The business’s quarterly 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. Sell-side analysts forecast that GE Aerospace will post 7.48 EPS for the current year.

GE Aerospace Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Wells Fargo & Company started coverage on shares of GE Aerospace in a report on Wednesday, April 1st. They set an “overweight” rating and a $325.00 price target for the company. Jefferies Financial Group boosted their price objective on GE Aerospace from $365.00 to $455.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. BNP Paribas Exane lowered their target price on GE Aerospace from $300.00 to $270.00 and set an “underperform” rating for the company in a report on Thursday, May 14th. Seaport Research Partners assumed coverage on GE Aerospace in a research report on Tuesday, May 26th. They issued a “buy” rating and a $375.00 target price for the company. Finally, Morgan Stanley cut 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. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $357.56.

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.