FORA Capital LLC Has $3.13 Million Stock Holdings in GE Aerospace $GE

FORA Capital LLC reduced its stake in GE Aerospace (NYSE:GEFree Report) by 83.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 10,408 shares of the company’s stock after selling 52,351 shares during the quarter. FORA Capital LLC’s holdings in GE Aerospace were worth $3,131,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in GE. REAP Financial Group LLC acquired a new stake in shares of GE Aerospace in the 3rd quarter valued at about $25,000. Marquette Asset Management LLC acquired a new position in GE Aerospace during the 3rd quarter worth approximately $26,000. Barnes Dennig Private Wealth Management LLC boosted its holdings in GE Aerospace by 147.2% in the third quarter. Barnes Dennig Private Wealth Management LLC now owns 89 shares of the company’s stock worth $27,000 after acquiring an additional 53 shares in the last quarter. Bare Financial Services Inc boosted its holdings in GE Aerospace by 81.1% in the second quarter. Bare Financial Services Inc now owns 96 shares of the company’s stock worth $25,000 after acquiring an additional 43 shares in the last quarter. Finally, Roble Belko & Company Inc grew its stake in GE Aerospace by 98.1% in the third quarter. Roble Belko & Company Inc now owns 103 shares of the company’s stock valued at $31,000 after acquiring an additional 51 shares during the period. Institutional investors and hedge funds own 74.77% of the company’s stock.

Key GE Aerospace News

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

GE Aerospace Price Performance

Shares of NYSE GE opened at $299.25 on Friday. GE Aerospace has a twelve month low of $159.36 and a twelve month high of $348.48. The stock’s 50 day moving average price is $320.02 and its 200-day moving average price is $305.32. The company has a market capitalization of $313.85 billion, a PE ratio of 36.76, a PEG ratio of 2.83 and a beta of 1.36. 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 (NYSE:GEGet Free Report) last issued its quarterly earnings results on Thursday, January 22nd. The company reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.14. The company had revenue of $11.90 billion during the quarter, compared to the consensus estimate of $11.27 billion. GE Aerospace had a return on equity of 35.52% and a net margin of 18.98%.GE Aerospace’s revenue was up 17.6% on a year-over-year basis. During the same period last year, the business posted $1.32 earnings per share. 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 year.

GE Aerospace Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 27th. Stockholders of record on Monday, March 9th will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, March 9th. This represents a $1.88 annualized dividend and a dividend yield of 0.6%. This is a boost from GE Aerospace’s previous quarterly dividend of $0.36. GE Aerospace’s payout ratio is 23.10%.

Insider Activity

In related news, 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 transaction of $9,305,348.61. Following the completion of the sale, the senior vice president owned 150,434 shares in the company, valued at approximately $46,103,507.98. This trade represents a 16.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Amy L. Gowder sold 4,000 shares of GE Aerospace stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $305.73, for a total transaction of $1,222,920.00. Following the completion of the sale, the senior vice president directly owned 16,535 shares in the company, valued at approximately $5,055,245.55. This represents a 19.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 37,398 shares of company stock valued at $11,455,491 in the last ninety days. 0.21% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

GE has been the subject of several recent research reports. Weiss Ratings restated a “buy (b)” rating on shares of GE Aerospace in a report on Thursday, January 22nd. UBS Group set a $374.00 price target on shares of GE Aerospace and gave the company a “buy” rating in a research report on Friday, January 23rd. Sanford C. Bernstein boosted their price target on shares of GE Aerospace from $374.00 to $405.00 and gave the company an “outperform” rating in a research note on Tuesday, March 3rd. Morgan Stanley started coverage on shares of GE Aerospace in a report on Friday, February 20th. They set an “overweight” rating and a $425.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of GE Aerospace from $375.00 to $387.00 and gave the company a “buy” rating in a research note on Friday, January 23rd. One 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 issued a Sell rating to the stock. According to data from MarketBeat, GE Aerospace presently has a consensus rating of “Moderate Buy” and an average target price of $331.12.

Check Out Our Latest Research Report on GE

About GE Aerospace

(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.

Featured Stories

Want to see what other hedge funds are holding GE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GE Aerospace (NYSE:GEFree Report).

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

Receive News & Ratings for GE Aerospace Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GE Aerospace and related companies with MarketBeat.com's FREE daily email newsletter.