Scarborough Advisors LLC Makes New $501,000 Investment in GE Aerospace $GE

Scarborough Advisors LLC purchased a new stake in GE Aerospace (NYSE:GEFree Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 1,766 shares of the company’s stock, valued at approximately $501,000.

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

GE Aerospace Stock Down 0.1%

GE Aerospace stock opened at $348.58 on Monday. GE Aerospace has a 1-year low of $254.66 and a 1-year high of $382.97. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.98 and a quick ratio of 0.67. The stock has a market cap of $361.67 billion, a PE ratio of 41.06, a P/E/G ratio of 2.92 and a beta of 1.35. The stock’s fifty day moving average is $336.31 and its two-hundred day moving average is $318.56.

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

GE Aerospace Announces Dividend

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

Key Headlines Impacting GE Aerospace

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

Analyst Ratings Changes

A number of research firms have issued reports on GE. Daiwa Securities Group started coverage on GE Aerospace in a research report on Tuesday, March 31st. They issued a “neutral” rating and a $301.00 price target on the stock. UBS Group boosted their price objective on GE Aerospace from $426.00 to $435.00 and gave the stock a “buy” rating in a research report on Friday. President Capital cut their target price on shares of GE Aerospace from $355.00 to $342.00 and set a “buy” rating on the stock in a research note on Wednesday, April 22nd. TD Cowen reaffirmed 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. Finally, Morgan Stanley decreased their price target on shares of GE Aerospace from $425.00 to $400.00 and set an “overweight” rating for the company in a research note on Wednesday, April 22nd. One equities 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, GE Aerospace has a consensus rating of “Moderate Buy” and an average target price of $370.33.

Read Our Latest Research Report on GE Aerospace

About GE Aerospace

(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.

Further Reading

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

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