Axxcess Wealth Management LLC Buys 1,457 Shares of GE Aerospace $GE

Axxcess Wealth Management LLC raised its position in GE Aerospace (NYSE:GE) by 7.3% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 21,480 shares of the company’s stock after buying an additional 1,457 shares during the period. Axxcess Wealth Management LLC’s holdings in GE Aerospace were worth $6,095,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of GE. Golden Road Advisors LLC acquired a new stake in GE Aerospace in the first quarter worth $203,000. Flatrock Wealth Partners LLC acquired a new position in GE Aerospace during the 1st quarter worth approximately $492,000. Montag A & Associates Inc. grew its position in GE Aerospace by 98.5% in the first quarter. Montag A & Associates Inc. now owns 2,559 shares of the company’s stock valued at $728,000 after purchasing an additional 1,270 shares in the last quarter. Aljian Capital Management LLC increased its position in shares of GE Aerospace by 17.1% in the first quarter. Aljian Capital Management LLC now owns 6,661 shares of the company’s stock valued at $1,890,000 after acquiring an additional 975 shares during the last quarter. Finally, Addison Capital Co increased its position in shares of GE Aerospace by 13.5% during the 1st quarter. Addison Capital Co now owns 5,246 shares of the company’s stock worth $1,489,000 after purchasing an additional 622 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

Analyst Ratings Changes

GE has been the topic of a number of research analyst reports. Citigroup reaffirmed a “buy” rating and issued a $431.00 target price (up from $353.00) on shares of GE Aerospace in a report on Wednesday, July 1st. Zacks Research downgraded shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. UBS Group reduced their target price on GE Aerospace from $357.00 to $350.00 and set a “buy” rating on the stock in a report on Wednesday, April 22nd. Royal Bank Of Canada reiterated an “outperform” rating and set a $355.00 price target on shares of GE Aerospace in a research report on Wednesday, May 20th. Finally, Daiwa Securities Group began coverage on GE Aerospace in a research report on Tuesday, March 31st. They issued a “neutral” rating and a $301.00 target price on the stock. 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 data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $357.56.

GE Aerospace Trading Down 3.2%

Shares of GE stock opened at $366.64 on Wednesday. The company has a current ratio of 1.01, a quick ratio of 0.70 and a debt-to-equity ratio of 0.99. GE Aerospace has a 1-year low of $243.34 and a 1-year high of $382.97. The stock has a 50-day moving average of $326.39 and a 200-day moving average of $316.19. The stock has a market cap of $382.53 billion, a price-to-earnings ratio of 45.15, a PEG ratio of 3.36 and a beta of 1.35.

GE Aerospace (NYSE:GE) last announced its earnings results on Tuesday, April 21st. The company reported $1.86 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $11.61 billion. During the same quarter last year, the firm earned $1.49 earnings per share. GE Aerospace’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. On average, equities research analysts forecast that GE Aerospace will post 7.48 earnings per share for the current year.

GE Aerospace Dividend Announcement

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

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.