Symphony Financial Ltd. Co. trimmed its position in GE Aerospace (NYSE:GE – Free Report) by 15.3% during the 2nd quarter, Holdings Channel.com reports. The fund owned 10,078 shares of the company’s stock after selling 1,822 shares during the period. Symphony Financial Ltd. Co.’s holdings in GE Aerospace were worth $3,766,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Burkett Financial Services LLC increased its holdings in shares of 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 purchasing an additional 28 shares during the period. BOK Financial Private Wealth Inc. lifted its holdings in shares of GE Aerospace by 3.2% during the second quarter. BOK Financial Private Wealth Inc. now owns 960 shares of the company’s stock worth $359,000 after purchasing an additional 30 shares during the period. High Falls Advisors Inc lifted its holdings in shares of GE Aerospace by 3.0% during the fourth 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 boosted its position in GE Aerospace by 4.4% in the second quarter. Gradient Investments LLC now owns 765 shares of the company’s stock valued at $286,000 after buying an additional 32 shares during the last quarter. Finally, Kinloch Capital LLC increased its holdings in GE Aerospace by 3.1% in the 2nd quarter. Kinloch Capital LLC now owns 1,079 shares of the company’s stock worth $403,000 after buying an additional 32 shares during the period. Hedge funds and other institutional investors own 74.77% of the company’s stock.
GE Aerospace Price Performance
NYSE:GE opened at $330.86 on Wednesday. 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 company has a 50 day moving average price of $359.43 and a 200-day moving average price of $328.42. GE Aerospace has a 1-year low of $268.01 and a 1-year high of $388.84. The firm has a market cap of $343.29 billion, a price-to-earnings ratio of 38.97, a price-to-earnings-growth ratio of 2.45 and a beta of 1.36.
GE Aerospace Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, July 27th. Stockholders of record on Monday, July 6th were given a dividend of $0.47 per share. The ex-dividend date was Monday, July 6th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 0.6%. GE Aerospace’s dividend payout ratio (DPR) is 22.14%.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on the stock. Royal Bank Of Canada reissued an “outperform” rating and set a $400.00 price target (up from $355.00) on shares of GE Aerospace in a research report on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $450.00 price objective on shares of GE Aerospace in a report on Monday, July 27th. UBS Group raised their target price on shares of GE Aerospace from $426.00 to $435.00 and gave the stock a “buy” rating in a report on Friday, July 17th. Seaport Research Partners started coverage on shares of GE Aerospace in a research report on Tuesday, May 26th. They set a “buy” rating and a $375.00 target price for the company. Finally, Susquehanna reaffirmed a “positive” rating and issued a $430.00 price target (up from $380.00) on shares of GE Aerospace in a report 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, GE Aerospace presently has an average rating of “Moderate Buy” and an average target price of $390.59.
Check Out Our Latest Stock Report on GE
GE Aerospace News Summary
Here are the key news stories impacting GE Aerospace this week:
- Positive Sentiment: South Korea’s navy selected GE Aerospace to supply engines for its new KDDX destroyers. The award expands GE’s international defense presence and could support future propulsion revenue. ROK Navy Selects GE Aerospace to Power New KDDX Destroyer
- Positive Sentiment: GE Aerospace plans to flight-test its HyCAT hypersonic test bed in 2028 after winning a related program. The effort strengthens the company’s positioning in hypersonic and advanced-defense technologies, although meaningful revenue is likely several years away. GE Aerospace Boosts Hypersonic Hopes With HyCAT Win
- Positive Sentiment: GE expects full qualification of its T901 helicopter engine by the end of next year. Qualification would remove an important development milestone and potentially advance adoption of the engine in U.S. Army programs. GE Aerospace Anticipates Full Qualification of T901
- Positive Sentiment: Market coverage continues to highlight GE’s longer-term outperformance versus the Nasdaq and strong analyst sentiment. This supports the investment case, though it may already be reflected in the stock’s elevated valuation. Is GE Aerospace Stock Outperforming the Nasdaq?
- Neutral Sentiment: Indian aviation authorities said a 2023 Air India 787 engine shutdown prompted GE Aerospace to expand inspection requirements. The report underscores additional oversight and potential maintenance implications, but does not identify a new incident or financial impact. DGCA Says Air India Engine Shutdown Prompted Expanded GE Inspections
- Negative Sentiment: GE fell more than the broader market in the latest trading session. Available coverage describes the move but provides no clear company-specific catalyst, suggesting profit-taking or market positioning may have contributed after the stock’s prior gains. Why GE Aerospace Fell More Than the Broader Market
Insider Buying and Selling at GE Aerospace
In related news, SVP Mohamed Ali sold 8,096 shares of GE Aerospace stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $353.71, for a total value of $2,863,636.16. Following the completion of the transaction, the senior vice president owned 20,666 shares in the company, valued at $7,309,770.86. The trade was a 28.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.19% of the stock is currently owned by corporate insiders.
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.
Featured Articles
- Five stocks we like better than GE Aerospace
- Dutch Bros Sell-Off Creates a Growth Opportunity
- NVIDIA’s MediaTek Bet Shows How It Plans to Defend Its AI Moat
- Is Abercrombie & Fitch’s Hot Streak Just Getting Started?
- Medtronic’s Stars Are Aligning for a Price Recovery
Want to see what other hedge funds are holding GE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GE Aerospace (NYSE:GE – Free Report).
Receive News & Ratings for GE Aerospace Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GE Aerospace and related companies with MarketBeat.com's FREE daily email newsletter.
