Hoertkorn Richard Charles Lowers Position in GE Aerospace $GE

Hoertkorn Richard Charles lowered its position in GE Aerospace (NYSE:GE) by 65.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 22,548 shares of the company’s stock after selling 42,095 shares during the period. GE Aerospace makes up about 5.2% of Hoertkorn Richard Charles’ portfolio, making the stock its 6th largest position. Hoertkorn Richard Charles’ holdings in GE Aerospace were worth $6,398,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of GE. Blueline Advisors LLC acquired a new stake in GE Aerospace in the fourth quarter valued at approximately $25,000. Ankerstar Wealth LLC acquired a new position in shares of GE Aerospace during the fourth quarter worth $31,000. Tucker Asset Management LLC acquired a new position in shares of GE Aerospace during the fourth quarter worth $32,000. Lifetime Wealth Management P.C. purchased a new stake in shares of GE Aerospace during the 4th quarter valued at $40,000. Finally, Beaird Harris Wealth Management LLC boosted its position in shares of GE Aerospace by 72.0% in the 3rd quarter. Beaird Harris Wealth Management LLC now owns 141 shares of the company’s stock worth $42,000 after purchasing an additional 59 shares in the last quarter. Institutional investors own 74.77% of the company’s stock.

GE Aerospace Price Performance

NYSE GE opened at $356.30 on Thursday. The company has a market cap of $371.74 billion, a price-to-earnings ratio of 43.88, a PEG ratio of 3.25 and a beta of 1.35. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.01 and a quick ratio of 0.70. The stock’s fifty day moving average price is $327.82 and its 200 day moving average price is $316.58. GE Aerospace has a 1 year low of $246.75 and a 1 year high of $382.97.

GE Aerospace (NYSE:GE) last issued its quarterly earnings results on Tuesday, April 21st. The company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.26. The company had revenue of $11.61 billion during the quarter, compared to analysts’ expectations of $11.61 billion. GE Aerospace had a return on equity of 37.99% and a net margin of 17.86%.The firm’s revenue was up 24.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.49 EPS. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. As a group, equities research analysts forecast that GE Aerospace will post 7.48 earnings per share for the current 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 issued a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, July 6th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 0.5%. GE Aerospace’s payout ratio is 23.15%.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. President Capital dropped their target price on GE Aerospace from $355.00 to $342.00 and set a “buy” rating on the stock in a research note on Wednesday, April 22nd. Wells Fargo & Company began coverage on GE Aerospace in a report on Wednesday, April 1st. They issued an “overweight” rating and a $325.00 price target for the company. BNP Paribas Exane dropped their price target 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. Citigroup restated a “buy” rating and set a $431.00 price objective (up from $353.00) on shares of GE Aerospace in a report on Wednesday, July 1st. Finally, Zacks Research lowered shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, GE Aerospace presently has a consensus rating of “Moderate Buy” and an average target price of $357.56.

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.