Bank of Jackson Hole Trust Increases Stock Holdings in GE Aerospace $GE

Bank of Jackson Hole Trust boosted its position in GE Aerospace (NYSE:GE) by 18.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,052 shares of the company’s stock after purchasing an additional 166 shares during the period. Bank of Jackson Hole Trust’s holdings in GE Aerospace were worth $271,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. IMA Advisory Services Inc. purchased a new position in shares of GE Aerospace during the 1st quarter valued at about $28,000. Nova Wealth Management Inc. purchased a new position in shares of GE Aerospace during the 1st quarter valued at about $29,000. IMG Wealth Management Inc. lifted its position in shares of GE Aerospace by 113.5% during 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 in the last quarter. Wealth Preservation Advisors LLC purchased a new position in shares of GE Aerospace during the 1st quarter valued at about $30,000. Finally, O Brien Wealth Partners LLC purchased a new position in shares of GE Aerospace during the 1st quarter valued at about $33,000. 74.77% of the stock is owned by hedge funds and other institutional investors.

GE Aerospace Stock Down 1.0%

Shares of GE opened at $309.76 on Wednesday. The business’s 50 day moving average is $290.96 and its 200 day moving average is $257.59. The company has a market capitalization of $326.74 billion, a PE ratio of 41.36, a price-to-earnings-growth ratio of 3.17 and a beta of 1.49. GE Aerospace has a 12-month low of $159.36 and a 12-month high of $316.67. The company has a current ratio of 1.08, a quick ratio of 0.76 and a debt-to-equity ratio of 0.99.

GE Aerospace (NYSE:GE) last issued its 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 company had revenue of $11.31 billion for the quarter, compared to the consensus estimate of $10.29 billion. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.The firm’s quarterly revenue was up 26.4% on a year-over-year basis. During the same quarter last year, the company earned $1.15 EPS. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. Research analysts expect 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 was paid on Monday, October 27th. Shareholders of record on Monday, September 29th were paid a $0.36 dividend. The ex-dividend date of this dividend was Monday, September 29th. This represents a $1.44 dividend on an annualized basis and a 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 analyst reports. Citigroup reaffirmed a “buy” rating and set a $296.00 price objective (up from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of GE Aerospace in a research report on Wednesday, October 8th. Royal Bank Of Canada lifted their price objective on GE Aerospace from $300.00 to $340.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. UBS Group set a $366.00 price objective on GE Aerospace and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Finally, Zacks Research cut GE Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. Fifteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $301.27.

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.