Alta Wealth Advisors LLC Invests $774,000 in GE Aerospace $GE

Alta Wealth Advisors LLC bought a new stake in GE Aerospace (NYSE:GEFree Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 2,573 shares of the company’s stock, valued at approximately $774,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Norges Bank bought a new position in shares of GE Aerospace during the 2nd quarter worth approximately $3,408,828,000. Jennison Associates LLC lifted its holdings in GE Aerospace by 21.5% during the 3rd quarter. Jennison Associates LLC now owns 8,430,878 shares of the company’s stock valued at $2,536,177,000 after purchasing an additional 1,494,541 shares during the last quarter. Vanguard Group Inc. boosted its position in GE Aerospace by 1.6% during the second quarter. Vanguard Group Inc. now owns 91,989,511 shares of the company’s stock worth $23,677,180,000 after purchasing an additional 1,482,069 shares during the period. Lazard Asset Management LLC increased its holdings in shares of GE Aerospace by 4,253.7% in the second quarter. Lazard Asset Management LLC now owns 796,422 shares of the company’s stock valued at $204,991,000 after purchasing an additional 778,129 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of GE Aerospace by 3.1% in the second quarter. Geode Capital Management LLC now owns 24,113,967 shares of the company’s stock valued at $6,181,956,000 after purchasing an additional 724,559 shares during the period. Institutional investors own 74.77% of the company’s stock.

Insider Buying and Selling at GE Aerospace

In related news, SVP Russell Stokes sold 8,000 shares of GE Aerospace stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $297.71, for a total transaction of $2,381,680.00. Following the sale, the senior vice president directly owned 150,434 shares of the company’s stock, valued at approximately $44,785,706.14. The trade was a 5.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.21% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft lifted their target price on shares of GE Aerospace from $375.00 to $387.00 and gave the stock a “buy” rating in a report on Friday. The Goldman Sachs Group raised their price objective on shares of GE Aerospace from $338.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of GE Aerospace in a research report on Monday, October 27th. UBS Group set a $374.00 target price on GE Aerospace and gave the stock a “buy” rating in a research note on Friday. Finally, Citigroup reissued a “buy” rating and set a $380.00 price target (up from $378.00) on shares of GE Aerospace in a report on Friday. Sixteen research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, GE Aerospace has an average rating of “Moderate Buy” and a consensus target price of $319.00.

Check Out Our Latest Research Report on GE Aerospace

GE Aerospace Price Performance

Shares of NYSE GE opened at $294.94 on Tuesday. The business has a fifty day moving average price of $304.98 and a two-hundred day moving average price of $293.06. The stock has a market capitalization of $311.10 billion, a PE ratio of 36.23, a P/E/G ratio of 1.94 and a beta of 1.40. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.04 and a quick ratio of 0.74. GE Aerospace has a fifty-two week low of $159.36 and a fifty-two week high of $332.79.

GE Aerospace (NYSE:GEGet Free Report) last released its earnings results on Thursday, January 22nd. The company reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.14. GE Aerospace had a return on equity of 35.52% and a net margin of 18.98%.The company had revenue of $12.72 billion for the quarter, compared to analyst estimates of $11.27 billion. During the same period in the prior year, the firm posted $1.32 EPS. GE Aerospace’s quarterly revenue was up 17.6% on a year-over-year basis. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. As a group, equities analysts predict that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, January 26th. Stockholders of record on Monday, December 29th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Monday, December 29th. GE Aerospace’s dividend payout ratio (DPR) is presently 17.69%.

GE Aerospace News Summary

Here are the key news stories impacting GE Aerospace this week:

GE Aerospace Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for GE Aerospace (NYSE:GE)

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