GE Aerospace $GE Shares Sold by New York Life Investment Management LLC

New York Life Investment Management LLC cut its holdings in shares of GE Aerospace (NYSE:GEFree Report) by 3.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 154,723 shares of the company’s stock after selling 5,123 shares during the quarter. New York Life Investment Management LLC’s holdings in GE Aerospace were worth $46,544,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. RFG Advisory LLC increased its stake in shares of GE Aerospace by 30.8% in the third quarter. RFG Advisory LLC now owns 18,815 shares of the company’s stock worth $5,660,000 after acquiring an additional 4,431 shares during the period. Roman Butler Fullerton & Co. lifted its position in GE Aerospace by 0.4% during the third quarter. Roman Butler Fullerton & Co. now owns 9,375 shares of the company’s stock valued at $2,946,000 after purchasing an additional 35 shares during the period. Lantz Financial LLC boosted its holdings in GE Aerospace by 54.0% in the third quarter. Lantz Financial LLC now owns 5,770 shares of the company’s stock valued at $1,736,000 after purchasing an additional 2,023 shares during the last quarter. IFG Advisors LLC purchased a new stake in GE Aerospace in the third quarter valued at $212,000. Finally, German American Bancorp Inc. acquired a new stake in GE Aerospace during the 3rd quarter worth about $357,000. 74.77% of the stock is owned by hedge funds and other institutional investors.

GE Aerospace Price Performance

GE Aerospace stock opened at $320.75 on Monday. The company has a fifty day simple moving average of $306.86 and a 200-day simple moving average of $295.82. The firm has a market capitalization of $336.41 billion, a price-to-earnings ratio of 39.40, a PEG ratio of 2.96 and a beta of 1.40. The company has a quick ratio of 0.74, a current ratio of 1.04 and a debt-to-equity ratio of 1.00. GE Aerospace has a 52-week low of $159.36 and a 52-week high of $332.79.

GE Aerospace (NYSE:GEGet Free Report) last issued its earnings results on Thursday, January 22nd. The company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.14. The business had revenue of $11.90 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.32 EPS. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. On average, equities analysts anticipate that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. UBS Group set a $374.00 price objective on GE Aerospace and gave the company a “buy” rating in a report on Friday, January 23rd. Wall Street Zen upgraded GE Aerospace from a “hold” rating to a “buy” rating in a research report on Saturday, January 24th. Sanford C. Bernstein restated an “outperform” rating on shares of GE Aerospace in a research report on Monday, October 27th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of GE Aerospace from $375.00 to $387.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Finally, Royal Bank Of Canada lifted their target price on shares of GE Aerospace from $300.00 to $340.00 and gave the company an “outperform” rating in a report on Friday, October 17th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, GE Aerospace presently has an average rating of “Moderate Buy” and an average price target of $319.00.

View Our Latest Analysis on GE

Key Headlines Impacting GE Aerospace

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

Insider Buying and Selling

In other news, VP Robert M. Giglietti sold 3,035 shares of the firm’s stock in a transaction on Friday, January 30th. The stock was sold at an average price of $305.51, for a total transaction of $927,222.85. Following the completion of the transaction, the vice president directly owned 10,583 shares in the company, valued at $3,233,212.33. This trade represents a 22.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Russell Stokes sold 30,363 shares of the firm’s stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $306.47, for a total value of $9,305,348.61. Following the transaction, the senior vice president owned 150,434 shares of the company’s stock, valued at $46,103,507.98. This trade represents a 16.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 45,398 shares of company stock valued at $13,837,171. 0.21% of the stock is currently owned by insiders.

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.

Further Reading

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

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