Elevated Capital Advisors LLC Lowers Stake in GE Aerospace $GE

Elevated Capital Advisors LLC cut its stake in GE Aerospace (NYSE:GEFree Report) by 33.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,212 shares of the company’s stock after selling 1,588 shares during the period. Elevated Capital Advisors LLC’s holdings in GE Aerospace were worth $912,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Auto Owners Insurance Co boosted its position in GE Aerospace by 52,247.5% in the 4th quarter. Auto Owners Insurance Co now owns 65,721,281 shares of the company’s stock valued at $2,024,413,000 after buying an additional 65,595,733 shares during the period. Norges Bank bought a new position in GE Aerospace in the 4th quarter worth about $4,444,736,000. Corient Private Wealth LLC increased its position in shares of GE Aerospace by 382.1% during the fourth quarter. Corient Private Wealth LLC now owns 2,757,281 shares of the company’s stock worth $849,325,000 after acquiring an additional 2,185,321 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in shares of GE Aerospace by 1,200.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,847,011 shares of the company’s stock worth $568,935,000 after acquiring an additional 1,705,005 shares during the period. Finally, Diamant Asset Management Inc. raised its stake in shares of GE Aerospace by 28,277.0% during the first quarter. Diamant Asset Management Inc. now owns 1,083,434 shares of the company’s stock valued at $307,446,000 after acquiring an additional 1,079,616 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.

More GE Aerospace News

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GE Aerospace Price Performance

GE opened at $358.84 on Friday. The firm has a market capitalization of $374.39 billion, a PE ratio of 44.19, a price-to-earnings-growth ratio of 3.16 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. The business’s 50-day moving average is $329.21 and its two-hundred day moving average is $316.94. GE Aerospace has a 1 year low of $246.75 and a 1 year high of $382.97.

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

GE Aerospace Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on GE. President Capital lowered their price target on GE Aerospace from $355.00 to $342.00 and set a “buy” rating for the company in a report on Wednesday, April 22nd. TD Cowen reduced their price objective on GE Aerospace from $350.00 to $330.00 and set a “buy” rating on the stock in a report on Wednesday, April 8th. Jefferies Financial Group lifted their target price on GE Aerospace from $365.00 to $455.00 and gave the company a “buy” rating in a research report on Thursday, July 2nd. Wall Street Zen cut GE Aerospace from a “buy” rating to a “hold” rating in a report on Monday, April 27th. Finally, Weiss Ratings downgraded GE Aerospace from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, GE Aerospace presently has a consensus rating of “Moderate Buy” and a consensus price target of $360.33.

Check Out Our Latest Report on GE Aerospace

GE Aerospace 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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