Kentucky Retirement Systems Insurance Trust Fund Sells 2,029 Shares of GE Aerospace $GE

Kentucky Retirement Systems Insurance Trust Fund trimmed its holdings in shares of GE Aerospace (NYSE:GE) by 6.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,282 shares of the company’s stock after selling 2,029 shares during the quarter. GE Aerospace accounts for about 0.5% of Kentucky Retirement Systems Insurance Trust Fund’s portfolio, making the stock its 28th largest position. Kentucky Retirement Systems Insurance Trust Fund’s holdings in GE Aerospace were worth $7,537,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Brighton Jones LLC increased its holdings in GE Aerospace by 25.3% in the fourth 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 during the period. Revolve Wealth Partners LLC grew its position in shares of 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 last quarter. Vestmark Advisory Solutions Inc. increased its stake in shares of GE Aerospace by 137.5% in the first quarter. Vestmark Advisory Solutions Inc. now owns 4,092 shares of the company’s stock valued at $819,000 after buying an additional 2,369 shares during the period. Horizon Investments LLC raised its position in shares of GE Aerospace by 1.8% during the first quarter. Horizon Investments LLC now owns 18,170 shares of the company’s stock worth $3,637,000 after acquiring an additional 326 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of GE Aerospace by 25.6% in the first quarter. EverSource Wealth Advisors LLC now owns 9,932 shares of the company’s stock worth $1,988,000 after acquiring an additional 2,024 shares during the period. Institutional investors own 74.77% of the company’s stock.

GE Aerospace Price Performance

GE stock opened at $300.23 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.76 and a current ratio of 1.08. The business has a 50-day simple moving average of $299.55 and a two-hundred day simple moving average of $278.24. The company has a market capitalization of $316.69 billion, a P/E ratio of 40.08, a price-to-earnings-growth ratio of 2.33 and a beta of 1.40. GE Aerospace has a 52-week low of $159.36 and a 52-week high of $316.67.

GE Aerospace (NYSE:GE) last posted its earnings results on Tuesday, October 21st. The company reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.20. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.The company had revenue of $11.31 billion for the quarter, compared to analyst estimates of $10.29 billion. During the same quarter last year, the company earned $1.15 earnings per share. The company’s revenue for the quarter was up 26.4% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. Research analysts expect that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 26th. Shareholders of record on Monday, December 29th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Monday, December 29th. GE Aerospace’s dividend payout ratio is presently 19.23%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. JPMorgan Chase & Co. increased their target price on shares of GE Aerospace from $275.00 to $325.00 and gave the company an “overweight” rating in a research report on Monday, October 27th. Weiss Ratings restated a “buy (b)” rating on shares of GE Aerospace in a report on Wednesday, October 8th. UBS Group set a $366.00 price target on GE Aerospace and gave the stock a “buy” rating in a report on Wednesday, October 22nd. The Goldman Sachs Group upped their target price on GE Aerospace from $271.00 to $305.00 and gave the company a “buy” rating in a research report on Friday, October 10th. Finally, TD Cowen lifted their target price on GE Aerospace from $300.00 to $330.00 and gave the stock a “buy” rating in a report on Tuesday, October 7th. Sixteen research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $309.94.

Insider Buying and Selling

In other GE Aerospace news, SVP Russell Stokes sold 8,000 shares of GE Aerospace stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $297.71, for a total transaction of $2,381,680.00. Following the transaction, the senior vice president owned 150,434 shares of the company’s stock, valued at $44,785,706.14. This trade represents a 5.05% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.21% of the company’s stock.

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.