HORAN Wealth LLC Purchases 9,907 Shares of GE Aerospace $GE

HORAN Wealth LLC boosted its holdings in GE Aerospace (NYSE:GEFree Report) by 100.9% in the 1st quarter, HoldingsChannel.com reports. The firm owned 19,724 shares of the company’s stock after acquiring an additional 9,907 shares during the quarter. HORAN Wealth LLC’s holdings in GE Aerospace were worth $6,009,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Blueline Advisors LLC bought a new position in shares of GE Aerospace in the fourth quarter valued at $25,000. Ankerstar Wealth LLC acquired a new position in GE Aerospace during the 4th quarter valued at about $31,000. Tucker Asset Management LLC acquired a new position in GE Aerospace during the 4th quarter valued at about $32,000. Lifetime Wealth Management P.C. bought a new stake in GE Aerospace during the 4th quarter worth approximately $40,000. Finally, Beaird Harris Wealth Management LLC increased its holdings in 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 in the last quarter. Institutional investors own 74.77% of the company’s stock.

GE Aerospace Stock Down 2.1%

GE opened at $341.41 on Tuesday. GE Aerospace has a twelve month low of $254.66 and a twelve month high of $382.97. The company’s 50-day moving average price is $337.12 and its two-hundred day moving average price is $318.77. The stock has a market cap of $354.23 billion, a price-to-earnings ratio of 40.21, a PEG ratio of 2.92 and a beta of 1.35. The company has a quick ratio of 0.67, a current ratio of 0.98 and a debt-to-equity ratio of 0.96.

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

GE Aerospace Dividend Announcement

The company also recently announced 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. The ex-dividend date is Monday, July 6th. This represents a $1.88 annualized dividend and a dividend yield of 0.6%. GE Aerospace’s payout ratio is presently 22.14%.

Analyst Upgrades and Downgrades

GE has been the subject of several analyst reports. TD Cowen restated a “buy” rating and issued a $380.00 target price (up from $330.00) on shares of GE Aerospace in a report on Monday, July 13th. Royal Bank Of Canada reiterated an “outperform” rating and set a $400.00 price target (up from $355.00) on shares of GE Aerospace in a report on Wednesday, July 15th. Daiwa Securities Group began coverage on GE Aerospace in a research note on Tuesday, March 31st. They set a “neutral” rating and a $301.00 price objective on the stock. Citigroup reaffirmed a “buy” rating and set a $431.00 price objective (up from $353.00) on shares of GE Aerospace in a report on Wednesday, July 1st. Finally, Jefferies Financial Group raised their price target on shares of GE Aerospace from $365.00 to $455.00 and gave the company a “buy” rating in a research report on Thursday, July 2nd. Seventeen equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $380.89.

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Key Headlines Impacting GE Aerospace

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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.

See Also

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

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