Troluce Capital Advisors LLC Purchases Shares of 24,000 GE Aerospace $GE

Troluce Capital Advisors LLC purchased a new stake in shares of GE Aerospace (NYSE:GEFree Report) during the first quarter, HoldingsChannel.com reports. The institutional investor purchased 24,000 shares of the company’s stock, valued at approximately $6,810,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Allworth Financial LP increased its stake in GE Aerospace by 7.6% in the 4th quarter. Allworth Financial LP now owns 76,867 shares of the company’s stock worth $23,677,000 after purchasing an additional 5,434 shares in the last quarter. Dara Capital US Inc. purchased a new stake in GE Aerospace during the fourth quarter valued at about $2,527,000. NewEdge Wealth LLC lifted its stake in GE Aerospace by 92.2% during the fourth quarter. NewEdge Wealth LLC now owns 20,142 shares of the company’s stock valued at $6,204,000 after buying an additional 9,663 shares in the last quarter. CenterBook Partners LP boosted its holdings in shares of GE Aerospace by 892.6% in the fourth quarter. CenterBook Partners LP now owns 49,788 shares of the company’s stock worth $15,336,000 after buying an additional 44,772 shares during the period. Finally, Ascentis Independent Advisors boosted its holdings in shares of GE Aerospace by 207.3% in the first quarter. Ascentis Independent Advisors now owns 4,317 shares of the company’s stock worth $1,225,000 after buying an additional 2,912 shares during the period. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GE has been the topic of a number of recent analyst reports. UBS Group boosted their price target on shares of GE Aerospace from $426.00 to $435.00 and gave the company a “buy” rating in a report on Friday, July 17th. Wells Fargo & Company reissued an “overweight” rating and set a $390.00 target price on shares of GE Aerospace in a research note on Monday, July 20th. Morgan Stanley reduced their target price on GE Aerospace from $425.00 to $400.00 and set an “overweight” rating for the company in a report on Wednesday, April 22nd. Seaport Research Partners began coverage on GE Aerospace in a report on Tuesday, May 26th. They set a “buy” rating and a $375.00 price target on the stock. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $400.00 price objective (up from $355.00) on shares of GE Aerospace in a research note on Wednesday, July 15th. Sixteen investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $386.88.

Check Out Our Latest Report on GE Aerospace

Key Headlines Impacting GE Aerospace

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

GE Aerospace Trading Down 0.0%

Shares of GE stock opened at $353.71 on Monday. The firm has a market capitalization of $367.00 billion, a P/E ratio of 41.66, a price-to-earnings-growth ratio of 2.70 and a beta of 1.35. GE Aerospace has a 1 year low of $261.71 and a 1 year high of $382.97. The firm’s fifty day simple moving average is $341.50 and its 200 day simple moving average is $319.64. 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 posted 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. GE Aerospace had a net margin of 17.72% and a return on equity of 40.56%. 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 business posted $1.66 EPS. The business’s quarterly revenue was up 21.1% on a year-over-year basis. GE Aerospace has set its FY 2026 guidance at 7.650-7.850 EPS. As a group, sell-side analysts predict that GE Aerospace will post 7.91 EPS for the current year.

GE Aerospace Announces Dividend

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

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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