Penobscot Investment Management Company Inc. Has $4.48 Million Position in GE Aerospace $GE

Penobscot Investment Management Company Inc. raised its holdings in GE Aerospace (NYSE:GE) by 14.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,774 shares of the company’s stock after acquiring an additional 1,995 shares during the quarter. Penobscot Investment Management Company Inc.’s holdings in GE Aerospace were worth $4,476,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Allworth Financial LP grew its stake in shares of GE Aerospace by 7.6% during the 4th quarter. Allworth Financial LP now owns 76,867 shares of the company’s stock worth $23,677,000 after acquiring an additional 5,434 shares in the last quarter. Dara Capital US Inc. bought a new stake in shares of GE Aerospace in the fourth quarter worth $2,527,000. NewEdge Wealth LLC boosted its holdings in GE Aerospace by 92.2% during the fourth quarter. NewEdge Wealth LLC now owns 20,142 shares of the company’s stock worth $6,204,000 after purchasing an additional 9,663 shares during the last quarter. CenterBook Partners LP boosted its stake in shares of GE Aerospace by 892.6% during the 4th 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 last quarter. Finally, Temasek Holdings Private Ltd grew its holdings in shares of GE Aerospace by 19.1% in the 3rd quarter. Temasek Holdings Private Ltd now owns 450,383 shares of the company’s stock valued at $135,484,000 after acquiring an additional 72,257 shares in the last quarter. Institutional investors own 74.77% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on GE. TD Cowen dropped their target price on GE Aerospace from $350.00 to $330.00 and set a “buy” rating on the stock in a report on Wednesday, April 8th. UBS Group lowered their price target on GE Aerospace from $357.00 to $350.00 and set a “buy” rating on the stock in a research report on Wednesday, April 22nd. Weiss Ratings cut GE Aerospace from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, June 1st. Citigroup reissued a “buy” rating and issued a $431.00 target price (up from $353.00) on shares of GE Aerospace in a research note on Wednesday, July 1st. Finally, Jefferies Financial Group boosted their target price 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. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, GE Aerospace presently has an average rating of “Moderate Buy” and an average target price of $357.56.

GE Aerospace Price Performance

NYSE:GE opened at $366.64 on Wednesday. GE Aerospace has a 52 week low of $243.34 and a 52 week high of $382.97. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.70 and a current ratio of 1.01. The firm’s 50-day simple moving average is $326.39 and its 200 day simple moving average is $316.19. The firm has a market cap of $382.53 billion, a price-to-earnings ratio of 45.15, a P/E/G ratio of 3.36 and a beta of 1.35.

GE Aerospace (NYSE:GE) last announced its earnings results on Tuesday, April 21st. The company reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.26. The firm had revenue of $11.61 billion for the quarter, compared to analyst estimates of $11.61 billion. GE Aerospace had a net margin of 17.86% and a return on equity of 37.99%. The business’s revenue was up 24.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.49 EPS. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. As a group, sell-side analysts predict that GE Aerospace will post 7.48 earnings per share for the current year.

GE Aerospace Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 27th. Stockholders of record on Monday, July 6th will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Monday, July 6th. GE Aerospace’s dividend payout ratio is presently 23.15%.

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.