Traphagen Investment Advisors LLC Reduces Stock Position in GE Aerospace $GE

Traphagen Investment Advisors LLC lessened its stake in shares of GE Aerospace (NYSE:GE) by 8.3% in the second quarter, HoldingsChannel reports. The firm owned 5,323 shares of the company’s stock after selling 481 shares during the quarter. Traphagen Investment Advisors LLC’s holdings in GE Aerospace were worth $1,370,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GE. Brighton Jones LLC increased its position in GE Aerospace by 25.3% during the 4th quarter. Brighton Jones LLC now owns 12,008 shares of the company’s stock worth $2,003,000 after purchasing an additional 2,421 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings in GE Aerospace by 7.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company’s stock valued at $375,000 after buying an additional 150 shares during the period. UMB Bank n.a. grew its holdings in GE Aerospace by 6.2% in the 1st quarter. UMB Bank n.a. now owns 9,305 shares of the company’s stock valued at $1,862,000 after buying an additional 545 shares during the period. First Citizens Bank & Trust Co. grew its holdings in GE Aerospace by 1.9% in the 1st quarter. First Citizens Bank & Trust Co. now owns 12,303 shares of the company’s stock valued at $2,462,000 after buying an additional 232 shares during the period. Finally, Courier Capital LLC grew its holdings in GE Aerospace by 5.4% in the 1st quarter. Courier Capital LLC now owns 7,329 shares of the company’s stock valued at $1,467,000 after buying an additional 376 shares during the period. Hedge funds and other institutional investors own 74.77% of the company’s stock.

GE Aerospace Trading Up 1.3%

Shares of GE stock opened at $302.12 on Wednesday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.73 and a current ratio of 1.04. GE Aerospace has a 1 year low of $159.36 and a 1 year high of $307.25. The stock has a fifty day moving average of $281.84 and a two-hundred day moving average of $245.55. The firm has a market capitalization of $320.37 billion, a PE ratio of 42.14, a price-to-earnings-growth ratio of 3.21 and a beta of 1.49.

GE Aerospace (NYSE:GE) last announced its quarterly earnings results on Thursday, July 17th. The company reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.23. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The company had revenue of $10.15 billion during the quarter, compared to analyst estimates of $9.49 billion. During the same quarter in the previous year, the firm posted $1.20 EPS. The firm’s quarterly revenue was up 21.2% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. As a group, research analysts expect that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Monday, September 29th will be issued a $0.36 dividend. The ex-dividend date is Monday, September 29th. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. GE Aerospace’s dividend payout ratio is 20.08%.

Analyst Ratings Changes

Several analysts have commented on GE shares. Zacks Research cut GE Aerospace from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. Wall Street Zen cut GE Aerospace from a “buy” rating to a “hold” rating in a report on Sunday, September 21st. Barclays lifted their price target on GE Aerospace from $230.00 to $295.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. UBS Group lifted their price objective on GE Aerospace from $300.00 to $321.00 and gave the company a “buy” rating in a research note on Friday, July 18th. Finally, Royal Bank Of Canada lifted their price objective on GE Aerospace from $275.00 to $300.00 and gave the company an “outperform” rating in a research note on Friday, July 18th. Twelve equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $241.92.

GE Aerospace Company Profile

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.