WNY Asset Management LLC Buys Shares of 2,427 GE Aerospace $GE

WNY Asset Management LLC bought a new stake in GE Aerospace (NYSE:GEFree Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,427 shares of the company’s stock, valued at approximately $689,000.

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

Wall Street Analysts Forecast Growth

GE has been the topic of several recent research reports. President Capital reduced their price target on GE Aerospace from $355.00 to $342.00 and set a “buy” rating on the stock in a research report on Wednesday, April 22nd. Wall Street Zen downgraded GE Aerospace from a “buy” rating to a “hold” rating in a report on Monday, April 27th. TD Cowen reissued a “buy” rating and issued a $380.00 target price (up from $330.00) on shares of GE Aerospace in a research note on Monday, July 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $450.00 target price on shares of GE Aerospace in a report on Monday, July 27th. Finally, Seaport Research Partners started coverage on GE Aerospace in a research report on Tuesday, May 26th. They set a “buy” rating and a $375.00 target price for the company. Sixteen equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, GE Aerospace presently has a consensus rating of “Moderate Buy” and an average target price of $390.59.

Read Our Latest Stock Analysis on GE Aerospace

Insider Activity

In related news, SVP Mohamed Ali sold 8,096 shares of the stock in a transaction that occurred 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 sale, the senior vice president directly owned 20,666 shares of the company’s stock, valued at approximately $7,309,770.86. This represents a 28.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.19% of the company’s stock.

GE Aerospace Stock Performance

Shares of GE Aerospace stock opened at $361.40 on Friday. The stock’s fifty day simple moving average is $347.87 and its 200 day simple moving average is $320.94. The company has a current ratio of 0.98, a quick ratio of 0.67 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $374.98 billion, a PE ratio of 42.57, a PEG ratio of 2.63 and a beta of 1.35. GE Aerospace has a 12 month low of $261.71 and a 12 month high of $382.97.

GE Aerospace (NYSE:GEGet Free Report) last posted its earnings results on Thursday, July 16th. The company reported $2.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.86 by $0.16. GE Aerospace had a return on equity of 40.56% and a net margin of 17.72%.The firm had revenue of $12.63 billion during the quarter, compared to analysts’ expectations of $11.87 billion. During the same period in the previous year, the firm earned $1.66 earnings per share. 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. On average, research analysts predict that GE Aerospace will post 7.91 EPS for the current year.

GE Aerospace Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 27th. Investors of record on Monday, July 6th were given a $0.47 dividend. The ex-dividend date was Monday, July 6th. This represents a $1.88 annualized dividend and a dividend yield of 0.5%. GE Aerospace’s payout ratio is currently 22.14%.

Key GE Aerospace News

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

GE Aerospace Company 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.

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

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