Logan Capital Management Inc. Buys 23,110 Shares of GE Aerospace $GE

Logan Capital Management Inc. grew its stake in shares of GE Aerospace (NYSE:GE) by 558.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,246 shares of the company’s stock after purchasing an additional 23,110 shares during the period. Logan Capital Management Inc.’s holdings in GE Aerospace were worth $5,453,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of GE. Brighton Jones LLC boosted its stake in shares of GE Aerospace by 25.3% during the 4th quarter. Brighton Jones LLC now owns 12,008 shares of the company’s stock valued at $2,003,000 after purchasing an additional 2,421 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in GE Aerospace by 7.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company’s stock valued at $375,000 after acquiring an additional 150 shares during the period. Focus Partners Wealth lifted its position in GE Aerospace by 37.4% during the 4th quarter. Focus Partners Wealth now owns 126,696 shares of the company’s stock valued at $22,182,000 after acquiring an additional 34,490 shares during the period. Guardian Wealth Advisors LLC NC lifted its position in GE Aerospace by 13.7% during the 4th quarter. Guardian Wealth Advisors LLC NC now owns 1,252 shares of the company’s stock valued at $209,000 after acquiring an additional 151 shares during the period. Finally, Jacobs Levy Equity Management Inc. lifted its position in GE Aerospace by 23.0% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 83,639 shares of the company’s stock valued at $13,950,000 after acquiring an additional 15,613 shares during the period. Institutional investors own 74.77% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Barclays lifted their price target on shares of GE Aerospace from $230.00 to $295.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. Wells Fargo & Company lifted their price target on shares of GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. Sanford C. Bernstein reissued an “outperform” rating on shares of GE Aerospace in a research report on Friday, August 15th. Wall Street Zen cut shares of GE Aerospace from a “buy” rating to a “hold” rating in a research report on Saturday, August 30th. Finally, Citigroup reaffirmed a “buy” rating and issued a $296.00 target price (up from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Ten investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $232.92.

GE Aerospace Stock Down 1.2%

Shares of GE Aerospace stock opened at $275.80 on Tuesday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.73 and a current ratio of 1.04. The stock has a market capitalization of $292.47 billion, a PE ratio of 38.47, a price-to-earnings-growth ratio of 3.00 and a beta of 1.48. GE Aerospace has a 52-week low of $159.36 and a 52-week high of $284.41. The company has a 50-day simple moving average of $266.62 and a two-hundred day simple moving average of $231.90.

GE Aerospace (NYSE:GE) last issued its earnings results on Thursday, July 17th. The company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.23. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The business had revenue of $10.15 billion during the quarter, compared to analysts’ expectations of $9.49 billion. During the same period in the previous year, the company earned $1.20 earnings per share. The business’s revenue for the quarter was up 21.2% compared to the same quarter last year. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. On average, analysts anticipate that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Monday, July 7th were paid a $0.36 dividend. The ex-dividend date was Monday, July 7th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. GE Aerospace’s payout ratio is currently 20.08%.

About GE Aerospace

GE Aerospace (also known as General Electric) is a company that specializes in providing aerospace products and services. It operates through two reportable segments: Commercial Engines and Services and Defense and Propulsion Technologies. It offers jet and turboprop engines, as well as integrated systems for commercial, military, business, and general aviation aircraft.