Kinetic Wealth Investment Advisors LLC Purchases Shares of 1,838 GE Aerospace $GE

Kinetic Wealth Investment Advisors LLC acquired a new position in shares of GE Aerospace (NYSE:GE) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,838 shares of the company’s stock, valued at approximately $687,000.

A number of other institutional investors also recently made changes to their positions in the company. California State Teachers Retirement System increased its stake in shares of GE Aerospace by 36,799.0% during the second quarter. California State Teachers Retirement System now owns 594,835,395 shares of the company’s stock worth $222,307,832,000 after purchasing an additional 593,223,330 shares during the period. Auto Owners Insurance Co grew its holdings in GE Aerospace by 52,247.5% in the 4th quarter. Auto Owners Insurance Co now owns 65,721,281 shares of the company’s stock valued at $2,024,413,000 after buying an additional 65,595,733 shares in the last quarter. Norges Bank acquired a new position in GE Aerospace in the 4th quarter valued at $4,444,736,000. Amundi lifted its holdings in shares of GE Aerospace by 135.2% during the first quarter. Amundi now owns 6,119,975 shares of the company’s stock worth $1,736,665,000 after buying an additional 3,518,278 shares in the last quarter. Finally, Jupiter Topco LLC acquired a new stake in shares of GE Aerospace during the second quarter worth $1,283,858,000. Institutional investors own 74.77% of the company’s stock.

Wall Street Analysts Forecast Growth

GE has been the topic of several research reports. Wells Fargo & Company restated an “overweight” rating and issued a $390.00 price target on shares of GE Aerospace in a research note on Monday, July 20th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $450.00 price objective on shares of GE Aerospace in a research note on Monday, July 27th. Seaport Research Partners started coverage on shares of GE Aerospace in a report on Tuesday, May 26th. They issued a “buy” rating and a $375.00 price objective for the company. Sanford C. Bernstein set a $421.00 target price on shares of GE Aerospace and gave the stock an “outperform” rating in a research report on Thursday, July 23rd. Finally, JPMorgan Chase & Co. raised their target price on shares of GE Aerospace from $335.00 to $400.00 and gave the stock an “overweight” rating in a report on Monday, July 20th. Sixteen analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, GE Aerospace has a consensus rating of “Moderate Buy” and a consensus target price of $390.59.

GE Aerospace Price Performance

Shares of NYSE:GE opened at $336.66 on Tuesday. The firm has a 50 day moving average of $356.62 and a 200-day moving average of $328.88. GE Aerospace has a 12 month low of $268.91 and a 12 month high of $388.84. The company has a current ratio of 0.98, a quick ratio of 0.67 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $349.30 billion, a PE ratio of 39.65, a PEG ratio of 2.46 and a beta of 1.35.

GE Aerospace (NYSE:GE) last announced its quarterly earnings data on Thursday, July 16th. The company reported $2.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.86 by $0.16. GE Aerospace had a net margin of 17.72% and a return on equity of 40.56%. The business had revenue of $12.63 billion for the quarter, compared to analysts’ expectations of $11.87 billion. During the same period last year, the firm posted $1.66 earnings per share. The firm’s quarterly 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, equities research analysts predict that GE Aerospace will post 7.91 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 27th. Stockholders of record on Monday, July 6th were issued a dividend of $0.47 per share. The ex-dividend date of this dividend was Monday, July 6th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 0.6%. GE Aerospace’s payout ratio is 22.14%.

Insider Activity at GE Aerospace

In related news, SVP Mohamed Ali sold 8,096 shares of the firm’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $353.71, for a total value of $2,863,636.16. Following the sale, the senior vice president directly owned 20,666 shares of the company’s stock, valued at $7,309,770.86. This trade represents a 28.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.19% of the company’s stock.

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.