Clarius Group LLC Sells 837 Shares of GE Aerospace $GE

Clarius Group LLC lessened its stake in shares of GE Aerospace (NYSE:GE) by 10.4% in the 2nd quarter, Holdings Channel reports. The firm owned 7,204 shares of the company’s stock after selling 837 shares during the period. Clarius Group LLC’s holdings in GE Aerospace were worth $1,854,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Ameriflex Group Inc. increased its stake in GE Aerospace by 23.5% in the 2nd quarter. Ameriflex Group Inc. now owns 1,742 shares of the company’s stock worth $437,000 after acquiring an additional 331 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in shares of GE Aerospace by 17.1% during the 1st quarter. Smartleaf Asset Management LLC now owns 8,241 shares of the company’s stock valued at $1,647,000 after acquiring an additional 1,201 shares during the last quarter. Rainey & Randall Wealth Advisors Inc. purchased a new position in shares of GE Aerospace in the first quarter valued at $203,000. Concurrent Investment Advisors LLC increased its position in GE Aerospace by 25.1% in the first quarter. Concurrent Investment Advisors LLC now owns 41,039 shares of the company’s stock worth $8,065,000 after purchasing an additional 8,245 shares during the last quarter. Finally, Global Assets Advisory LLC increased its position in GE Aerospace by 186.7% in the first quarter. Global Assets Advisory LLC now owns 14,710 shares of the company’s stock worth $2,751,000 after purchasing an additional 9,580 shares during the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Analyst Ratings Changes

GE has been the subject of several research reports. Jefferies Financial Group increased their price objective on shares of GE Aerospace from $320.00 to $350.00 and gave the company a “buy” rating in a research report on Monday, September 22nd. Wall Street Zen downgraded shares of GE Aerospace from a “buy” rating to a “hold” rating in a report on Sunday, September 21st. Zacks Research cut GE Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. Wells Fargo & Company upped their price objective on GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. Finally, Citigroup reiterated a “buy” rating and issued a $296.00 target price (up previously from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Twelve equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, GE Aerospace currently has an average rating of “Moderate Buy” and an average price target of $241.92.

GE Aerospace Price Performance

GE opened at $297.40 on Friday. The business has a fifty day moving average of $280.65 and a 200 day moving average of $244.21. GE Aerospace has a 52-week low of $159.36 and a 52-week high of $307.25. The company has a quick ratio of 0.73, a current ratio of 1.04 and a debt-to-equity ratio of 0.88. The stock has a market cap of $315.38 billion, a P/E ratio of 41.48, a PEG ratio of 3.20 and a beta of 1.49.

GE Aerospace (NYSE:GE) last released its earnings results on Thursday, July 17th. The company reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.23. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The business had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same quarter last year, the firm posted $1.20 earnings per share. The business’s revenue was up 21.2% compared to the same quarter last year. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. As a group, sell-side analysts anticipate that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Monday, September 29th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Monday, September 29th. GE Aerospace’s payout ratio is 20.08%.

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.