Elevation Point Wealth Partners LLC Increases Stock Holdings in GE Aerospace $GE

Elevation Point Wealth Partners LLC increased its holdings in shares of GE Aerospace (NYSE:GE) by 33.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,988 shares of the company’s stock after buying an additional 5,503 shares during the quarter. Elevation Point Wealth Partners LLC’s holdings in GE Aerospace were worth $6,249,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Blueline Advisors LLC purchased a new stake in shares of GE Aerospace during the 4th quarter valued at $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 shares of GE Aerospace in the 4th quarter worth about $40,000. Finally, Legacy Bridge LLC lifted its stake in shares of GE Aerospace by 3,375.0% in the 4th quarter. Legacy Bridge LLC now owns 139 shares of the company’s stock valued at $43,000 after purchasing an additional 135 shares in the last quarter. 74.77% of the stock is owned by institutional investors and hedge funds.

GE Aerospace Trading Down 0.1%

GE opened at $377.14 on Friday. The stock has a market capitalization of $393.49 billion, a PE ratio of 46.45, a P/E/G ratio of 3.35 and a beta of 1.35. The firm’s fifty day moving average price is $322.83 and its 200 day moving average price is $315.01. 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 12-month low of $243.34 and a 12-month high of $382.97.

GE Aerospace (NYSE:GE) last issued its earnings results on Tuesday, April 21st. The company reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $11.61 billion. During the same quarter in the prior year, the business posted $1.49 EPS. The company’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, research analysts expect that GE Aerospace will post 7.48 EPS for the current fiscal year.

GE Aerospace Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 27th. Shareholders of record on Monday, July 6th will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Monday, July 6th. GE Aerospace’s payout ratio is currently 23.15%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. President Capital dropped their target price on shares of GE Aerospace from $355.00 to $342.00 and set a “buy” rating for the company in a research report on Wednesday, April 22nd. UBS Group reduced their price target on GE Aerospace from $357.00 to $350.00 and set a “buy” rating on the stock in a research report on Wednesday, April 22nd. BNP Paribas Exane decreased their price target on GE Aerospace from $300.00 to $270.00 and set an “underperform” rating for the company in a report on Thursday, May 14th. Zacks Research downgraded shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Finally, Daiwa Securities Group assumed coverage on shares of GE Aerospace in a research note on Tuesday, March 31st. They set a “neutral” rating and a $301.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $357.56.

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.