GE Aerospace $GE Shares Acquired by Evelyn Partners Investment Management Services Ltd

Evelyn Partners Investment Management Services Ltd lifted its stake in shares of GE Aerospace (NYSE:GE) by 105.1% during the 1st quarter, Holdings Channel reports. The fund owned 6,394 shares of the company’s stock after buying an additional 3,276 shares during the quarter. Evelyn Partners Investment Management Services Ltd’s holdings in GE Aerospace were worth $1,814,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of GE. Allworth Financial LP boosted its holdings in GE Aerospace by 7.6% during the 4th quarter. Allworth Financial LP now owns 76,867 shares of the company’s stock valued at $23,677,000 after acquiring an additional 5,434 shares during the period. Dara Capital US Inc. acquired a new stake in shares of GE Aerospace during the fourth quarter worth about $2,527,000. NewEdge Wealth LLC boosted its stake in shares of GE Aerospace by 92.2% in the fourth 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 period. CenterBook Partners LP boosted its stake in shares of GE Aerospace by 892.6% in the fourth 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 period. Finally, Ascentis Independent Advisors grew its holdings in shares of GE Aerospace by 207.3% in the first quarter. Ascentis Independent Advisors now owns 4,317 shares of the company’s stock valued at $1,225,000 after purchasing an additional 2,912 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

GE Aerospace Trading Up 2.3%

NYSE GE opened at $361.79 on Tuesday. The company has a quick ratio of 0.67, a current ratio of 0.98 and a debt-to-equity ratio of 0.96. GE Aerospace has a 52 week low of $261.71 and a 52 week high of $382.97. The stock has a market capitalization of $375.37 billion, a PE ratio of 42.61, a price-to-earnings-growth ratio of 2.70 and a beta of 1.35. The firm has a 50 day moving average of $343.02 and a two-hundred day moving average of $319.88.

GE Aerospace (NYSE:GE) last announced its quarterly earnings data on Thursday, July 16th. The company reported $2.02 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.16. GE Aerospace had a net margin of 17.72% and a return on equity of 40.56%. The business had revenue of $12.63 billion for the quarter, compared to analyst estimates of $11.87 billion. During the same period last year, the business earned $1.66 EPS. The company’s 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. As a group, research analysts expect that GE Aerospace will post 7.91 EPS for the current fiscal year.

GE Aerospace Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 27th. Shareholders 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 yield of 0.5%. The ex-dividend date of this dividend was Monday, July 6th. GE Aerospace’s payout ratio is 22.14%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on GE shares. Sanford C. Bernstein set a $421.00 target price on shares of GE Aerospace and gave the stock an “outperform” rating in a research note on Thursday. UBS Group boosted their price target on shares of GE Aerospace from $426.00 to $435.00 and gave the stock a “buy” rating in a research note on Friday, July 17th. BNP Paribas Exane reduced their price objective on GE Aerospace from $300.00 to $270.00 and set an “underperform” rating on the stock in a research note on Thursday, May 14th. Morgan Stanley decreased their target price on GE Aerospace from $425.00 to $400.00 and set an “overweight” rating for the company in a report on Wednesday, April 22nd. Finally, Susquehanna reissued a “positive” rating and set a $430.00 target price (up from $380.00) on shares of GE Aerospace in a research note on Thursday, July 9th. Sixteen equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $390.59.

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.