Milestone Asset Management LLC Has $855,000 Stock Holdings in GE Aerospace $GE

Milestone Asset Management LLC lowered its stake in GE Aerospace (NYSE:GE) by 84.8% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 2,840 shares of the company’s stock after selling 15,793 shares during the period. Milestone Asset Management LLC’s holdings in GE Aerospace were worth $855,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in GE. Grove Bank & Trust increased its position in GE Aerospace by 1.0% during the third quarter. Grove Bank & Trust now owns 3,537 shares of the company’s stock worth $1,064,000 after acquiring an additional 35 shares during the period. Perkins Coie Trust Co boosted its holdings in shares of GE Aerospace by 7.9% in the 3rd quarter. Perkins Coie Trust Co now owns 492 shares of the company’s stock valued at $148,000 after purchasing an additional 36 shares in the last quarter. Terril Brothers Inc. increased its stake in shares of GE Aerospace by 2.7% in the 2nd quarter. Terril Brothers Inc. now owns 1,406 shares of the company’s stock valued at $362,000 after purchasing an additional 37 shares during the last quarter. New England Capital Financial Advisors LLC lifted its position in shares of GE Aerospace by 5.0% during the 2nd quarter. New England Capital Financial Advisors LLC now owns 772 shares of the company’s stock worth $199,000 after buying an additional 37 shares during the last quarter. Finally, First Financial Bank Trust Division boosted its stake in GE Aerospace by 0.7% in the third quarter. First Financial Bank Trust Division now owns 5,176 shares of the company’s stock valued at $1,557,000 after buying an additional 37 shares in the last quarter. Institutional investors own 74.77% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Zacks Research downgraded GE Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. Wolfe Research upped their price objective on shares of GE Aerospace from $280.00 to $330.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. TD Cowen raised their target price on shares of GE Aerospace from $300.00 to $330.00 and gave the company a “buy” rating in a research report on Tuesday, October 7th. JPMorgan Chase & Co. boosted their target price on shares of GE Aerospace from $275.00 to $325.00 and gave the stock an “overweight” rating in a research note on Monday, October 27th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of GE Aerospace in a report on Monday, October 27th. Sixteen equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $309.94.

GE Aerospace Trading Up 0.3%

Shares of NYSE GE opened at $316.48 on Thursday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.76 and a current ratio of 1.08. GE Aerospace has a 52-week low of $159.36 and a 52-week high of $317.75. The firm has a 50 day moving average price of $300.68 and a two-hundred day moving average price of $281.45. The stock has a market cap of $333.83 billion, a P/E ratio of 42.25, a price-to-earnings-growth ratio of 2.44 and a beta of 1.40.

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

GE Aerospace Dividend Announcement

The business also recently declared 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 dividend yield of 0.5%. The ex-dividend date is Monday, December 29th. GE Aerospace’s payout ratio is 19.23%.

Insider Buying and Selling at GE Aerospace

In other news, SVP Russell Stokes sold 8,000 shares of the stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $297.71, for a total value of $2,381,680.00. Following the completion of the sale, the senior vice president owned 150,434 shares of the company’s stock, valued at approximately $44,785,706.14. This represents a 5.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.21% of the company’s stock.

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.