Hodges Capital Management Inc. Purchases New Holdings in GE Aerospace $GE

Hodges Capital Management Inc. purchased a new stake in GE Aerospace (NYSE:GE) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 6,725 shares of the company’s stock, valued at approximately $1,908,000.

A number of other hedge funds also recently modified their holdings of the company. Arbor Investment Advisors LLC bought a new position in GE Aerospace in the first quarter worth $206,000. Nvest Financial LLC increased its holdings in GE Aerospace by 51.3% in the 1st quarter. Nvest Financial LLC now owns 2,541 shares of the company’s stock valued at $721,000 after buying an additional 862 shares during the period. Kathmere Capital Management LLC increased its holdings in GE Aerospace by 1.8% in the 1st quarter. Kathmere Capital Management LLC now owns 4,541 shares of the company’s stock valued at $1,289,000 after buying an additional 80 shares during the period. Whittier Trust Co. of Nevada Inc. raised its stake in shares of GE Aerospace by 10.9% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 42,526 shares of the company’s stock valued at $12,277,000 after buying an additional 4,186 shares in the last quarter. Finally, Bogart Wealth LLC raised its stake in shares of GE Aerospace by 20.5% in the 1st quarter. Bogart Wealth LLC now owns 781 shares of the company’s stock valued at $222,000 after buying an additional 133 shares in the last quarter. Institutional investors own 74.77% of the company’s stock.

GE Aerospace Stock Up 0.3%

Shares of GE opened at $378.49 on Tuesday. The company has a market capitalization of $394.89 billion, a P/E ratio of 46.61, a PEG ratio of 3.35 and a beta of 1.35. 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 one year low of $243.34 and a one year high of $382.97. The business’s 50 day simple moving average is $322.83 and its 200-day simple moving average is $315.11.

GE Aerospace (NYSE:GE) last released its quarterly earnings results on Tuesday, April 21st. The company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.26. GE Aerospace had a return on equity of 37.99% and a net margin of 17.86%.The business had revenue of $11.61 billion for the quarter, compared to analyst estimates of $11.61 billion. During the same period in the prior year, the company earned $1.49 EPS. GE Aerospace’s revenue for the quarter was up 24.6% on a year-over-year basis. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. As a group, sell-side analysts predict that GE Aerospace will post 7.48 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

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

Analysts Set New Price Targets

Several analysts have recently weighed in on GE shares. Daiwa Securities Group began coverage on shares of GE Aerospace in a research report on Tuesday, March 31st. They set a “neutral” rating and a $301.00 target price on the stock. BNP Paribas Exane dropped their price target 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. UBS Group cut their price target on shares of GE Aerospace from $357.00 to $350.00 and set a “buy” rating for the company in a research note on Wednesday, April 22nd. Seaport Research Partners initiated coverage on GE Aerospace in a report on Tuesday, May 26th. They set a “buy” rating and a $375.00 price objective on the stock. Finally, Zacks Research downgraded GE Aerospace from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $357.56.

About GE Aerospace

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.