Lee Johnson Capital Management LLC Reduces Position in GE Aerospace $GE

Lee Johnson Capital Management LLC reduced its position in shares of GE Aerospace (NYSE:GE) by 9.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,239 shares of the company’s stock after selling 2,467 shares during the period. GE Aerospace accounts for approximately 2.3% of Lee Johnson Capital Management LLC’s holdings, making the stock its 10th biggest position. Lee Johnson Capital Management LLC’s holdings in GE Aerospace were worth $6,991,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Bare Financial Services Inc boosted its holdings in GE Aerospace by 81.1% during the second quarter. Bare Financial Services Inc now owns 96 shares of the company’s stock valued at $25,000 after acquiring an additional 43 shares during the period. Lavaca Capital LLC boosted its stake in GE Aerospace by 1,666.7% during the 2nd quarter. Lavaca Capital LLC now owns 106 shares of the company’s stock valued at $27,000 after purchasing an additional 100 shares during the period. Nova Wealth Management Inc. bought a new stake in GE Aerospace during the 1st quarter valued at approximately $29,000. IMG Wealth Management Inc. grew its holdings in GE Aerospace by 113.5% in the 2nd quarter. IMG Wealth Management Inc. now owns 111 shares of the company’s stock valued at $29,000 after buying an additional 59 shares during the last quarter. Finally, 1248 Management LLC bought a new position in GE Aerospace in the 2nd quarter worth approximately $39,000. 74.77% of the stock is currently owned by institutional investors and hedge funds.

GE Aerospace Stock Up 0.1%

Shares of GE opened at $311.78 on Wednesday. The business’s fifty day moving average price is $301.59 and its two-hundred day moving average price is $283.73. The firm has a market capitalization of $328.87 billion, a price-to-earnings ratio of 41.63, a PEG ratio of 2.41 and a beta of 1.40. GE Aerospace has a 52 week low of $159.36 and a 52 week high of $318.06. 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 (NYSE:GE) last issued its quarterly earnings results on Tuesday, October 21st. The company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.20. The business had revenue of $11.31 billion for the quarter, compared to analyst estimates of $10.29 billion. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.The firm’s revenue for the quarter was up 26.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.15 earnings per share. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. On average, analysts predict that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Announces Dividend

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

Insider Activity

In other 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 completion of the sale, the senior vice president owned 150,434 shares in the company, valued at $44,785,706.14. The trade was a 5.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on GE. JPMorgan Chase & Co. raised their price objective 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. The Goldman Sachs Group increased their price target on shares of GE Aerospace from $271.00 to $305.00 and gave the company a “buy” rating in a report on Friday, October 10th. Zacks Research downgraded shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. Royal Bank Of Canada upped their price objective on shares of GE Aerospace from $300.00 to $340.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. Finally, Bank of America lifted their target price on GE Aerospace from $310.00 to $365.00 and gave the stock a “buy” rating in a research report on Monday, October 27th. Sixteen analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $309.94.

GE Aerospace Company 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.