Trace Wealth Advisors LLC Invests $528,000 in GE Aerospace $GE

Trace Wealth Advisors LLC bought a new position in GE Aerospace (NYSE:GEFree Report) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 1,754 shares of the company’s stock, valued at approximately $528,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Marquette Asset Management LLC purchased a new position in shares of GE Aerospace during the third quarter valued at approximately $26,000. Barnes Dennig Private Wealth Management LLC lifted its stake in GE Aerospace by 147.2% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 89 shares of the company’s stock valued at $27,000 after acquiring an additional 53 shares in the last quarter. Bare Financial Services Inc boosted its holdings in GE Aerospace by 81.1% during the 2nd quarter. Bare Financial Services Inc now owns 96 shares of the company’s stock worth $25,000 after acquiring an additional 43 shares during the last quarter. Roble Belko & Company Inc grew its stake in shares of GE Aerospace by 98.1% in the 3rd quarter. Roble Belko & Company Inc now owns 103 shares of the company’s stock worth $31,000 after acquiring an additional 51 shares in the last quarter. Finally, Lavaca Capital LLC raised its holdings in shares of GE Aerospace by 1,666.7% in the second quarter. Lavaca Capital LLC now owns 106 shares of the company’s stock valued at $27,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Royal Bank Of Canada raised their price target on shares of GE Aerospace from $300.00 to $340.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. TD Cowen lifted their target price on shares of GE Aerospace from $330.00 to $350.00 and gave the stock a “buy” rating in a research report on Wednesday, January 14th. The Goldman Sachs Group upped their target price on GE Aerospace from $338.00 to $350.00 and gave the company a “buy” rating in a report on Friday, January 23rd. Citigroup reiterated a “buy” rating and set a $380.00 price target (up from $378.00) on shares of GE Aerospace in a report on Friday, January 23rd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of GE Aerospace in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $319.00.

View Our Latest Stock Analysis on GE

GE Aerospace News Summary

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

Insider Buying and Selling at GE Aerospace

In other news, VP Robert M. Giglietti sold 3,035 shares of the business’s stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $305.51, for a total value of $927,222.85. Following the sale, the vice president owned 10,583 shares of the company’s stock, valued at $3,233,212.33. The trade was a 22.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Amy L. Gowder sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $305.73, for a total transaction of $1,222,920.00. Following the sale, the senior vice president owned 16,535 shares in the company, valued at $5,055,245.55. The trade was a 19.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 45,398 shares of company stock valued at $13,837,171 over the last three months. 0.21% of the stock is currently owned by insiders.

GE Aerospace Trading Up 4.7%

NYSE:GE opened at $320.75 on Friday. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $332.79. The company has a current ratio of 1.04, a quick ratio of 0.74 and a debt-to-equity ratio of 1.00. The firm’s 50 day moving average is $306.86 and its 200 day moving average is $295.34. The stock has a market capitalization of $336.41 billion, a PE ratio of 39.40, a price-to-earnings-growth ratio of 2.83 and a beta of 1.40.

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 analysts’ consensus estimates of $1.43 by $0.14. The business had revenue of $11.90 billion during the quarter, compared to the consensus estimate of $11.27 billion. GE Aerospace had a return on equity of 35.52% and a net margin of 18.98%.The business’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same period last year, the business posted $1.32 earnings per share. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. Sell-side analysts expect that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 26th. Investors of record on Monday, December 29th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Monday, December 29th. GE Aerospace’s payout ratio is currently 17.69%.

About GE Aerospace

(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.

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

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