GE Aerospace $GE Shares Bought by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. raised its stake in GE Aerospace (NYSE:GE) by 1.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 949,398 shares of the company’s stock after buying an additional 12,415 shares during the quarter. PNC Financial Services Group Inc.’s holdings in GE Aerospace were worth $269,411,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Blueline Advisors LLC acquired a new position in shares of GE Aerospace during the 4th quarter valued at about $25,000. Ankerstar Wealth LLC acquired a new stake in GE Aerospace during the fourth quarter worth about $31,000. Tucker Asset Management LLC acquired a new stake in GE Aerospace during the fourth quarter worth about $32,000. Lifetime Wealth Management P.C. purchased a new position in GE Aerospace during the fourth quarter worth about $40,000. Finally, Beaird Harris Wealth Management LLC raised its stake in GE Aerospace by 72.0% during the third quarter. Beaird Harris Wealth Management LLC now owns 141 shares of the company’s stock worth $42,000 after purchasing an additional 59 shares during the period. 74.77% of the stock is owned by institutional investors and hedge funds.

More GE Aerospace News

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

• Positive Sentiment: GE Aerospace announced that AerCap selected its GEnx-1B engines to power 15 additional Boeing 787 Dreamliners, another order that adds to the company’s commercial engine backlog and signals continued airline/leasing demand. Article Title
• Positive Sentiment: The company also drew attention for its world’s first high-altitude hybrid-electric flight above 30,000 feet with NASA, Boeing, and BETA Technologies, which investors are reading as a major technology milestone for next-generation aviation. Article Title
• Positive Sentiment: JPMorgan raised its price target on GE Aerospace to $400 and kept an overweight rating, reflecting confidence in the company’s earnings power and growth outlook. Article Title
• Positive Sentiment: Additional commentary from Jim Cramer and other media coverage highlighted GE Aerospace as a blue-chip industrial name to own instead of speculative tech, adding to the stock’s positive sentiment. Article Title
• Neutral Sentiment: Coverage around GE Aerospace’s CEO and the Farnborough Air Show emphasized the company’s $210 billion backlog, strong Q2 results, and ongoing share buybacks, which support the long-term case but were largely reiterations of already known fundamentals. Article Title
• Negative Sentiment: Some reports noted ongoing supply-chain and parts-delivery bottlenecks in the aerospace industry, which could limit how quickly GE Aerospace converts strong demand into revenue growth. Article Title

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Seaport Research Partners initiated coverage on shares of GE Aerospace in a research note on Tuesday, May 26th. They issued a “buy” rating and a $375.00 price target for the company. UBS Group lifted their price target on shares of GE Aerospace from $426.00 to $435.00 and gave the company a “buy” rating in a research report on Friday, July 17th. Susquehanna reaffirmed a “positive” rating and set a $430.00 price target (up from $380.00) on shares of GE Aerospace in a research report on Thursday, July 9th. JPMorgan Chase & Co. upped their price objective on GE Aerospace from $335.00 to $400.00 and gave the company an “overweight” rating in a report on Monday. Finally, Wells Fargo & Company reiterated an “overweight” rating and issued a $390.00 price objective on shares of GE Aerospace in a research report on Monday. Seventeen equities 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 stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $380.89.

GE Aerospace Trading Down 0.3%

Shares of GE stock opened at $340.44 on Wednesday. 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 $353.23 billion, a PE ratio of 40.10, a price-to-earnings-growth ratio of 2.62 and a beta of 1.35. The company has a 50-day moving average of $337.98 and a two-hundred day moving average of $319.00. GE Aerospace has a 1-year low of $254.66 and a 1-year high of $382.97.

GE Aerospace (NYSE:GE) last released its quarterly 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. The business had revenue of $12.63 billion for the quarter, compared to the consensus estimate of $11.87 billion. GE Aerospace had a net margin of 17.72% and a return on equity of 40.56%. The business’s revenue was up 21.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.66 EPS. GE Aerospace has set its FY 2026 guidance at 7.650-7.850 EPS. On average, analysts predict that GE Aerospace will post 7.89 EPS for the current year.

GE Aerospace Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 27th. Investors of record on Monday, July 6th will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 0.6%. The ex-dividend date is Monday, July 6th. GE Aerospace’s dividend payout ratio (DPR) is 22.14%.

GE Aerospace 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.