North Star Asset Management Inc. Invests $3.36 Million in GE Aerospace $GE

North Star Asset Management Inc. bought a new stake in GE Aerospace (NYSE:GEFree Report) during the second quarter, Holdings Channel reports. The institutional investor bought 8,982 shares of the company’s stock, valued at approximately $3,357,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Blueline Advisors LLC purchased a new stake in GE Aerospace during the 4th quarter valued at approximately $25,000. Ankerstar Wealth LLC acquired a new stake in GE Aerospace during the 4th quarter worth approximately $31,000. Tucker Asset Management LLC purchased a new position in shares of GE Aerospace in the 4th quarter valued at approximately $32,000. Paladin Partners LLC purchased a new position in shares of GE Aerospace in the 2nd quarter valued at approximately $38,000. Finally, Lifetime Wealth Management P.C. acquired a new position in GE Aerospace in the 4th quarter valued at $40,000. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Insider Buying and Selling at GE Aerospace

In related news, SVP Mohamed Ali sold 8,096 shares of the firm’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $353.71, for a total transaction of $2,863,636.16. Following the completion of the sale, the senior vice president directly owned 20,666 shares of the company’s stock, valued at approximately $7,309,770.86. This trade represents a 28.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.19% of the company’s stock.

GE Aerospace Price Performance

GE opened at $342.32 on Friday. GE Aerospace has a 52-week low of $268.01 and a 52-week high of $388.84. The company has a market cap of $355.18 billion, a P/E ratio of 40.32, a P/E/G ratio of 2.59 and a beta of 1.36. The company has a quick ratio of 0.67, a current ratio of 0.98 and a debt-to-equity ratio of 0.96. The company has a 50 day moving average of $360.66 and a two-hundred day moving average of $327.98.

GE Aerospace (NYSE:GEGet Free Report) last released its quarterly earnings data on Thursday, July 16th. The company reported $2.02 EPS for the quarter, beating the consensus estimate of $1.86 by $0.16. GE Aerospace had a return on equity of 40.56% and a net margin of 17.72%.The company had revenue of $12.63 billion for the quarter, compared to analyst estimates of $11.87 billion. During the same period last year, the company posted $1.66 earnings per share. The firm’s revenue was up 21.1% compared to the same quarter last year. GE Aerospace has set its FY 2026 guidance at 7.650-7.850 EPS. On average, analysts expect that GE Aerospace will post 7.91 earnings per share for the current year.

GE Aerospace Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 27th. Stockholders of record on Monday, July 6th were paid a $0.47 dividend. The ex-dividend date was Monday, July 6th. This represents a $1.88 annualized dividend and a dividend yield of 0.5%. GE Aerospace’s dividend payout ratio is 22.14%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on GE shares. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $400.00 price objective (up from $355.00) on shares of GE Aerospace in a report on Wednesday, July 15th. Weiss Ratings upgraded GE Aerospace from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, July 17th. TD Cowen reaffirmed a “buy” rating and set a $380.00 price objective (up from $330.00) on shares of GE Aerospace in a research note on Monday, July 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $450.00 price objective on shares of GE Aerospace in a research report on Monday, July 27th. Finally, Susquehanna reiterated a “positive” rating and issued a $430.00 price target (up from $380.00) on shares of GE Aerospace in a report on Thursday, July 9th. Sixteen analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, GE Aerospace currently has a consensus rating of “Moderate Buy” and a consensus price target of $390.59.

View Our Latest Stock Report on GE Aerospace

Key GE Aerospace News

Here are the key news stories impacting GE Aerospace this week:

GE Aerospace 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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