Everhart Financial Group Inc. Reduces Holdings in GE Aerospace $GE

Everhart Financial Group Inc. lowered its position in shares of GE Aerospace (NYSE:GE) by 10.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,771 shares of the company’s stock after selling 1,559 shares during the period. Everhart Financial Group Inc.’s holdings in GE Aerospace were worth $4,773,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of GE Aerospace by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 92,731,541 shares of the company’s stock worth $28,564,097,000 after acquiring an additional 699,364 shares during the last quarter. Auto Owners Insurance Co raised its position in GE Aerospace by 52,247.5% in the 4th quarter. Auto Owners Insurance Co now owns 65,721,281 shares of the company’s stock valued at $2,024,413,000 after purchasing an additional 65,595,733 shares during the last quarter. State Street Corp raised its position in GE Aerospace by 1.5% in the 4th quarter. State Street Corp now owns 45,240,802 shares of the company’s stock valued at $13,951,570,000 after purchasing an additional 663,160 shares during the last quarter. Geode Capital Management LLC boosted its stake in GE Aerospace by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 24,774,942 shares of the company’s stock worth $7,615,200,000 after purchasing an additional 312,880 shares during the period. Finally, Norges Bank acquired a new stake in GE Aerospace during the 4th quarter worth $4,444,736,000. 74.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, SVP Mohamed Ali sold 8,096 shares of the business’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $353.71, for a total transaction of $2,863,636.16. Following the transaction, the senior vice president directly owned 20,666 shares in the company, valued at $7,309,770.86. The trade was a 28.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.19% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

GE has been the topic of several research reports. Wells Fargo & Company reissued an “overweight” rating and set a $390.00 price objective on shares of GE Aerospace in a research report on Monday, July 20th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $410.00 target price on shares of GE Aerospace in a report on Monday, July 20th. President Capital decreased their target price on shares of GE Aerospace from $355.00 to $342.00 and set a “buy” rating for the company in a research note on Wednesday, April 22nd. TD Cowen reissued a “buy” rating and set a $380.00 price target (up from $330.00) on shares of GE Aerospace in a report on Monday, July 13th. Finally, Jefferies Financial Group boosted their price target on GE Aerospace from $365.00 to $455.00 and gave the company a “buy” rating in a research report on Thursday, July 2nd. Sixteen equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $390.59.

GE Aerospace Stock Performance

NYSE:GE opened at $370.40 on Friday. The firm’s fifty day moving average price is $353.75 and its 200 day moving average price is $322.74. GE Aerospace has a 1-year low of $263.80 and a 1-year high of $388.84. 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 firm has a market cap of $384.31 billion, a price-to-earnings ratio of 43.63, a price-to-earnings-growth ratio of 2.70 and a beta of 1.36.

GE Aerospace (NYSE:GE) last announced its quarterly earnings data on Thursday, July 16th. The company reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.16. The company had revenue of $12.63 billion for the quarter, compared to analysts’ expectations of $11.87 billion. GE Aerospace had a net margin of 17.72% and a return on equity of 40.56%. GE Aerospace’s revenue was up 21.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.66 EPS. GE Aerospace has set its FY 2026 guidance at 7.650-7.850 EPS. On average, sell-side analysts expect that GE Aerospace will post 7.91 EPS for the current year.

GE Aerospace Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 27th. Stockholders of record on Monday, July 6th were issued a $0.47 dividend. The ex-dividend date of this dividend was Monday, July 6th. This represents a $1.88 annualized dividend and a dividend yield of 0.5%. GE Aerospace’s payout ratio is presently 22.14%.

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.