First National Bank of Hutchinson Makes New Investment in GE Aerospace $GE

First National Bank of Hutchinson bought a new position in GE Aerospace (NYSE:GEFree Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,465 shares of the company’s stock, valued at approximately $699,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Blueline Advisors LLC purchased a new position in shares of GE Aerospace in the fourth quarter valued at $25,000. Ankerstar Wealth LLC purchased a new stake in GE Aerospace during the 4th quarter worth about $31,000. Tucker Asset Management LLC purchased a new stake in GE Aerospace during the 4th quarter worth about $32,000. Lifetime Wealth Management P.C. bought a new position in GE Aerospace in the 4th quarter worth about $40,000. Finally, Beaird Harris Wealth Management LLC boosted its stake in GE Aerospace by 72.0% in the 3rd quarter. Beaird Harris Wealth Management LLC now owns 141 shares of the company’s stock worth $42,000 after purchasing an additional 59 shares during the period. Institutional investors 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 Trading Down 0.1%

Shares of GE opened at $353.21 on Wednesday. The firm’s 50 day simple moving average is $333.33 and its 200 day simple moving average is $317.78. The company has a market capitalization of $368.52 billion, a P/E ratio of 43.50, a P/E/G ratio of 3.13 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 1-year low of $254.66 and a 1-year high of $382.97.

GE Aerospace (NYSE:GEGet Free Report) last announced its earnings results on Tuesday, April 21st. The company reported $1.86 earnings per share (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 previous year, the business posted $1.49 earnings per share. 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. Sell-side analysts forecast that GE Aerospace will post 7.48 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, July 6th. GE Aerospace’s payout ratio is currently 23.15%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Zacks Research lowered GE Aerospace from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. President Capital cut their price objective 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. Citigroup reaffirmed a “buy” rating and set a $431.00 price objective (up from $353.00) on shares of GE Aerospace in a research note on Wednesday, July 1st. Susquehanna reaffirmed a “positive” rating and set a $430.00 target price (up from $380.00) on shares of GE Aerospace in a report on Thursday, July 9th. Finally, UBS Group lowered their target price on shares of GE Aerospace from $357.00 to $350.00 and set a “buy” rating on the stock in a research note on Wednesday, April 22nd. 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 company’s stock. According to data from MarketBeat.com, GE Aerospace presently has an average rating of “Moderate Buy” and an average target price of $363.11.

View Our Latest Report on GE Aerospace

GE Aerospace Company 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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