GE Aerospace $GE Shares Purchased by KBC Group NV

KBC Group NV increased its holdings in GE Aerospace (NYSE:GEFree Report) by 2.3% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 350,718 shares of the company’s stock after acquiring an additional 7,772 shares during the period. KBC Group NV’s holdings in GE Aerospace were worth $99,523,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Blueline Advisors LLC acquired a new position in shares of GE Aerospace in the 4th quarter valued at $25,000. Ankerstar Wealth LLC purchased a new position in shares of GE Aerospace during the 4th quarter worth $31,000. Tucker Asset Management LLC acquired a new stake in shares of GE Aerospace during the 4th quarter worth about $32,000. Lifetime Wealth Management P.C. acquired a new stake in shares of GE Aerospace during the 4th quarter worth about $40,000. Finally, Beaird Harris Wealth Management LLC increased its position in shares of GE Aerospace by 72.0% during 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 last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on GE. Seaport Research Partners started coverage on shares of GE Aerospace in a research report on Tuesday, May 26th. They issued a “buy” rating and a $375.00 target price on the stock. President Capital dropped their price target 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. Jefferies Financial Group upped their price objective on shares of GE Aerospace from $365.00 to $455.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. Daiwa Securities Group assumed coverage on shares of GE Aerospace in a research report on Tuesday, March 31st. They set a “neutral” rating and a $301.00 price objective for the company. Finally, Citigroup reaffirmed a “buy” rating and set a $431.00 price objective (up from $353.00) on shares of GE Aerospace in a research report on Wednesday, July 1st. 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 given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $370.33.

Check Out Our Latest Stock Analysis on GE Aerospace

GE Aerospace Price Performance

GE opened at $348.58 on Monday. The stock’s 50-day moving average price is $336.31 and its 200 day moving average price is $318.56. GE Aerospace has a 12-month low of $254.66 and a 12-month high of $382.97. The firm has a market cap of $361.67 billion, a price-to-earnings ratio of 41.06, a PEG ratio of 2.92 and a beta of 1.35. The company has a current ratio of 0.98, a quick ratio of 0.67 and a debt-to-equity ratio of 0.96.

GE Aerospace (NYSE:GEGet Free Report) last released its earnings results on Thursday, July 16th. The company reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.16. The company had revenue of $12.63 billion during the quarter, compared to the consensus estimate of $11.87 billion. GE Aerospace had a return on equity of 40.56% and a net margin of 17.72%.GE Aerospace’s revenue was up 21.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.66 EPS. GE Aerospace has set its FY 2026 guidance at 7.650-7.850 EPS. As a group, sell-side analysts expect that GE Aerospace will post 7.93 earnings per share for the current year.

GE Aerospace Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 27th. Investors of record on Monday, July 6th will be issued a $0.47 dividend. The ex-dividend date is Monday, July 6th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 0.5%. GE Aerospace’s payout ratio is 22.14%.

More GE Aerospace News

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About GE Aerospace

(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.

Further Reading

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Institutional Ownership by Quarter for GE Aerospace (NYSE:GE)

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