Neville Rodie & Shaw Inc. Reduces Stake in GE Aerospace $GE

Neville Rodie & Shaw Inc. decreased its holdings in GE Aerospace (NYSE:GE) by 13.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 66,688 shares of the company’s stock after selling 10,725 shares during the period. GE Aerospace comprises approximately 1.5% of Neville Rodie & Shaw Inc.’s investment portfolio, making the stock its 15th biggest holding. Neville Rodie & Shaw Inc.’s holdings in GE Aerospace were worth $20,826,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of GE. Baker Tilly Wealth Management LLC lifted its stake in shares of GE Aerospace by 2.1% during the 3rd quarter. Baker Tilly Wealth Management LLC now owns 3,279 shares of the company’s stock worth $1,024,000 after purchasing an additional 68 shares during the last quarter. Eastern Bank grew its stake in GE Aerospace by 8.4% in the third quarter. Eastern Bank now owns 12,152 shares of the company’s stock valued at $3,795,000 after purchasing an additional 941 shares during the last quarter. Heartwood Wealth Advisors LLC raised its holdings in GE Aerospace by 7.7% in the third quarter. Heartwood Wealth Advisors LLC now owns 759 shares of the company’s stock worth $237,000 after purchasing an additional 54 shares in the last quarter. Polaris Financial Partners bought a new position in GE Aerospace in the third quarter worth about $396,000. Finally, Boltwood Capital Management lifted its position in shares of GE Aerospace by 3.1% during the third quarter. Boltwood Capital Management now owns 1,163 shares of the company’s stock valued at $363,000 after buying an additional 35 shares during the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.

GE Aerospace Price Performance

GE Aerospace stock traded down $2.90 during midday trading on Monday, reaching $306.66. The company had a trading volume of 2,084,433 shares, compared to its average volume of 5,112,547. The firm’s fifty day simple moving average is $341.45 and its 200-day simple moving average is $327.33. GE Aerospace has a 12-month low of $268.91 and a 12-month high of $388.84. The company has a market capitalization of $318.18 billion, a P/E ratio of 36.12, a P/E/G ratio of 2.26 and a beta of 1.38. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.98 and a quick ratio of 0.67.

GE Aerospace (NYSE:GE) last issued its quarterly earnings results on Thursday, July 16th. The company reported $2.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.16. GE Aerospace had a return on equity of 40.56% and a net margin of 17.72%.The firm had revenue of $12.63 billion for the quarter, compared to analyst estimates of $11.87 billion. During the same period in the previous year, the company posted $1.66 earnings per share. The business’s revenue was up 21.1% on a year-over-year basis. GE Aerospace has set its FY 2026 guidance at 7.650-7.850 EPS. As a group, equities analysts anticipate that GE Aerospace will post 7.91 EPS for the current year.

GE Aerospace Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 26th. Investors of record on Monday, October 5th will be given a dividend of $0.47 per share. The ex-dividend date is Monday, October 5th. This represents a $1.88 dividend on an annualized basis and a yield of 0.6%. GE Aerospace’s payout ratio is presently 22.14%.

Wall Street Analysts Forecast Growth

GE has been the subject of a number of analyst reports. Susquehanna reissued a “positive” rating and set a $430.00 target price (up from $380.00) on shares of GE Aerospace in a research report on Thursday, July 9th. Citigroup reissued a “buy” rating and set a $431.00 target price (up from $353.00) on shares of GE Aerospace in a research report on Wednesday, July 1st. JPMorgan Chase & Co. boosted their price target on GE Aerospace from $335.00 to $400.00 and gave the company an “overweight” rating in a research note on Monday, July 20th. Melius Research set a $350.00 price objective on GE Aerospace and gave the company a “hold” rating in a report on Monday, September 14th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $400.00 price objective (up from $355.00) on shares of GE Aerospace in a report on Wednesday, July 15th. Sixteen equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, GE Aerospace has an average rating of “Moderate Buy” and an average target price of $386.67.

Insider Buying and Selling

In other GE Aerospace news, SVP Mohamed Ali sold 8,096 shares of the firm’s stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $353.71, for a total value of $2,863,636.16. Following the transaction, the senior vice president directly owned 20,666 shares of the company’s stock, valued at $7,309,770.86. This trade represents a 28.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.19% of the company’s stock.

GE Aerospace Profile

GE Aerospace is an aerospace and defense company that designs, develops, manufactures and services aircraft engines and integrated systems. Its products support commercial and business aviation, military aircraft, and other specialized aerospace applications.

The company’s offerings include commercial and military jet engines, propulsion systems, avionics, electrical power systems, mechanical systems and digital solutions. GE Aerospace also provides maintenance, repair, overhaul and other lifecycle services intended to support the operation and performance of aircraft and engines.

GE Aerospace serves airlines, aircraft manufacturers, leasing companies, defense organizations and other customers worldwide.