GE Aerospace $GE Shares Sold by Everhart Financial Group Inc.

Everhart Financial Group Inc. cut its holdings in GE Aerospace (NYSE:GE) by 10.9% during the second quarter, Holdings Channel reports. The institutional investor owned 12,771 shares of the company’s stock after selling 1,559 shares during the quarter. Everhart Financial Group Inc.’s holdings in GE Aerospace were worth $4,773,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Burkett Financial Services LLC lifted its holdings in GE Aerospace by 28.9% in the second quarter. Burkett Financial Services LLC now owns 125 shares of the company’s stock valued at $47,000 after acquiring an additional 28 shares during the period. High Falls Advisors Inc grew its stake in shares of GE Aerospace by 3.0% during the 4th quarter. High Falls Advisors Inc now owns 1,069 shares of the company’s stock worth $329,000 after purchasing an additional 31 shares during the period. Gradient Investments LLC grew its stake in shares of GE Aerospace by 4.4% during the 2nd quarter. Gradient Investments LLC now owns 765 shares of the company’s stock worth $286,000 after purchasing an additional 32 shares during the period. LRI Investments LLC grew its stake in shares of GE Aerospace by 1.4% during the 4th quarter. LRI Investments LLC now owns 2,390 shares of the company’s stock worth $736,000 after purchasing an additional 33 shares during the period. Finally, Saxon Interests Inc. increased its holdings in shares of GE Aerospace by 2.5% in the 4th quarter. Saxon Interests Inc. now owns 1,351 shares of the company’s stock valued at $416,000 after purchasing an additional 33 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

GE Aerospace Stock Down 1.1%

Shares of NYSE GE opened at $370.40 on Friday. GE Aerospace has a 12-month low of $263.80 and a 12-month high of $388.84. The company has a market capitalization of $384.31 billion, a PE ratio of 43.63, a price-to-earnings-growth ratio of 2.70 and a beta of 1.36. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.98 and a quick ratio of 0.67. The firm’s 50-day moving average is $353.75 and its two-hundred day moving average is $322.74.

GE Aerospace (NYSE:GE) last issued its quarterly earnings data on Thursday, July 16th. The company reported $2.02 earnings per share for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $11.87 billion. During the same period last year, the company posted $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. Equities analysts anticipate that GE Aerospace will post 7.91 EPS for the current fiscal year.

GE Aerospace Announces Dividend

The business also recently announced 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 was Monday, July 6th. GE Aerospace’s dividend payout ratio is 22.14%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on GE shares. Sanford C. Bernstein set a $421.00 price objective on shares of GE Aerospace and gave the company an “outperform” rating in a research note on Thursday, July 23rd. Wall Street Zen lowered shares of GE Aerospace from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. Weiss Ratings raised shares of GE Aerospace from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, July 17th. Morgan Stanley reduced their price target on shares of GE Aerospace from $425.00 to $400.00 and set an “overweight” rating for the company in a research report on Wednesday, April 22nd. Finally, UBS Group boosted their price target on GE Aerospace from $426.00 to $435.00 and gave the stock a “buy” rating in a research note on Friday, July 17th. Sixteen investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $390.59.

Insiders Place Their Bets

In other GE Aerospace news, SVP Mohamed Ali sold 8,096 shares of the firm’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $353.71, for a total transaction of $2,863,636.16. Following the completion of the transaction, the senior vice president owned 20,666 shares of the company’s stock, valued at approximately $7,309,770.86. This trade represents a 28.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.19% of the company’s stock.

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.