Avantax Planning Partners Inc. Raises Stock Position in GE Aerospace $GE

Avantax Planning Partners Inc. raised its holdings in shares of GE Aerospace (NYSE:GEFree Report) by 172.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,795 shares of the company’s stock after acquiring an additional 3,667 shares during the quarter. Avantax Planning Partners Inc.’s holdings in GE Aerospace were worth $1,645,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Blueline Advisors LLC purchased a new stake in shares of GE Aerospace during the fourth quarter worth about $25,000. Ankerstar Wealth LLC purchased a new position in GE Aerospace in the 4th quarter worth approximately $31,000. Tucker Asset Management LLC purchased a new position in GE Aerospace in the 4th quarter worth approximately $32,000. Lifetime Wealth Management P.C. purchased a new position in GE Aerospace in the 4th quarter worth approximately $40,000. Finally, Legacy Bridge LLC boosted its stake in GE Aerospace by 3,375.0% in the 4th quarter. Legacy Bridge LLC now owns 139 shares of the company’s stock worth $43,000 after purchasing an additional 135 shares during the period. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

GE Aerospace Stock Performance

NYSE GE opened at $353.21 on Wednesday. The stock has a market capitalization of $368.52 billion, a PE ratio of 43.50, a P/E/G ratio of 3.13 and a beta of 1.35. The business has a 50 day simple moving average of $333.33 and a two-hundred day simple moving average of $317.78. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.01 and a quick ratio of 0.70. GE Aerospace has a 1-year low of $254.66 and a 1-year high of $382.97.

GE Aerospace (NYSE:GEGet Free Report) last issued its quarterly earnings data on Tuesday, April 21st. The company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.26. The business had revenue of $11.61 billion for the quarter, compared to analysts’ expectations of $11.61 billion. GE Aerospace had a return on equity of 37.99% and a net margin of 17.86%.The company’s revenue for the quarter was up 24.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.49 EPS. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. On average, research analysts predict that GE Aerospace will post 7.48 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 27th. Investors of record on Monday, July 6th will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 0.5%. The ex-dividend date is Monday, July 6th. GE Aerospace’s payout ratio is currently 23.15%.

GE Aerospace News Summary

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Weiss Ratings lowered shares of GE Aerospace from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, June 1st. Sanford C. Bernstein reissued an “outperform” rating on shares of GE Aerospace in a report on Tuesday. Zacks Research lowered shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. BNP Paribas Exane dropped their target price on shares of GE Aerospace from $300.00 to $270.00 and set an “underperform” rating for the company in a research report on Thursday, May 14th. Finally, President Capital decreased their price target on shares of GE Aerospace from $355.00 to $342.00 and set a “buy” rating on the stock in a research note on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $363.11.

Check Out Our Latest Stock Report on GE Aerospace

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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