2,438 Shares in GE Aerospace $GE Bought by Volterra Technologies LP

Volterra Technologies LP acquired a new position in shares of GE Aerospace (NYSE:GE) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 2,438 shares of the company’s stock, valued at approximately $628,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. The Manufacturers Life Insurance Company grew its holdings in GE Aerospace by 3.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 855,824 shares of the company’s stock valued at $220,281,000 after purchasing an additional 31,911 shares during the last quarter. Becker Capital Management Inc. raised its holdings in shares of GE Aerospace by 16.2% in the second quarter. Becker Capital Management Inc. now owns 4,103 shares of the company’s stock worth $1,056,000 after buying an additional 573 shares during the period. BNP Paribas lifted its stake in shares of GE Aerospace by 18.0% during the 2nd quarter. BNP Paribas now owns 2,965 shares of the company’s stock worth $763,000 after acquiring an additional 452 shares during the last quarter. Frisch Financial Group Inc. boosted its holdings in GE Aerospace by 2.4% during the 2nd quarter. Frisch Financial Group Inc. now owns 1,713 shares of the company’s stock valued at $441,000 after acquiring an additional 40 shares during the period. Finally, Marathon Capital Management boosted its holdings in GE Aerospace by 8.0% during the 2nd quarter. Marathon Capital Management now owns 2,709 shares of the company’s stock valued at $697,000 after acquiring an additional 200 shares during the period. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Insider Activity at GE Aerospace

In related news, SVP Russell Stokes sold 8,000 shares of the 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 of the company’s stock, valued at $44,785,706.14. This represents a 5.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.21% of the stock is currently owned by company insiders.

GE Aerospace Stock Performance

Shares of NYSE:GE opened at $283.57 on Thursday. The firm has a 50 day moving average of $299.71 and a 200 day moving average of $277.44. The company has a quick ratio of 0.76, a current ratio of 1.08 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $299.11 billion, a price-to-earnings ratio of 37.86, a price-to-earnings-growth ratio of 2.22 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 released its quarterly earnings results on Tuesday, October 21st. The company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.46 by $0.20. The firm had revenue of $11.31 billion during 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 business’s revenue for the quarter was up 26.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.15 EPS. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. On average, sell-side analysts predict that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

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

Analyst Ratings Changes

GE has been the topic of a number of recent analyst reports. BNP Paribas Exane began coverage on GE Aerospace in a research note on Tuesday, November 18th. They issued an “underperform” rating on the stock. The Goldman Sachs Group raised their price target on shares of GE Aerospace from $271.00 to $305.00 and gave the stock a “buy” rating in a research note on Friday, October 10th. JPMorgan Chase & Co. raised their target price on shares of GE Aerospace from $275.00 to $325.00 and gave the stock an “overweight” rating in a research report on Monday, October 27th. BNP Paribas raised GE Aerospace to a “strong sell” rating in a research note on Tuesday, November 18th. Finally, TD Cowen lifted their target price on GE Aerospace from $300.00 to $330.00 and gave the company a “buy” rating in a research report on Tuesday, October 7th. Sixteen analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, GE Aerospace presently has a consensus rating of “Moderate Buy” and a consensus target price of $304.31.

GE Aerospace 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.