Dynamic Advisor Solutions LLC Has $6.80 Million Position in GE Aerospace $GE

Dynamic Advisor Solutions LLC increased its holdings in shares of GE Aerospace (NYSE:GE) by 14.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 22,603 shares of the company’s stock after purchasing an additional 2,805 shares during the period. Dynamic Advisor Solutions LLC’s holdings in GE Aerospace were worth $6,799,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of GE Aerospace by 1.6% during the second quarter. Vanguard Group Inc. now owns 91,989,511 shares of the company’s stock worth $23,677,180,000 after buying an additional 1,482,069 shares during the last quarter. State Street Corp grew its stake in shares of GE Aerospace by 1.4% in the second quarter. State Street Corp now owns 44,268,912 shares of the company’s stock worth $11,394,375,000 after acquiring an additional 613,866 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in GE Aerospace by 6.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 25,131,285 shares of the company’s stock worth $5,030,028,000 after acquiring an additional 1,492,486 shares during the period. Geode Capital Management LLC raised its stake in GE Aerospace by 3.1% during the 2nd quarter. Geode Capital Management LLC now owns 24,113,967 shares of the company’s stock valued at $6,181,956,000 after purchasing an additional 724,559 shares during the last quarter. Finally, Norges Bank acquired a new position in GE Aerospace during the 2nd quarter valued at $3,408,828,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

GE Aerospace Stock Performance

NYSE GE opened at $301.76 on Friday. GE Aerospace has a twelve month low of $159.36 and a twelve month high of $316.67. 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 stock has a market cap of $318.30 billion, a P/E ratio of 40.29, a PEG ratio of 2.26 and a beta of 1.40. The company’s 50-day simple moving average is $299.40 and its 200 day simple moving average is $279.50.

GE Aerospace (NYSE:GE) last released its quarterly earnings data on Tuesday, October 21st. The company reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.20. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.The company had revenue of $11.31 billion for the quarter, compared to the consensus estimate of $10.29 billion. During the same period in the previous year, the business earned $1.15 earnings per share. The company’s quarterly revenue was up 26.4% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. As a group, research analysts forecast that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

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

Insider Transactions at GE Aerospace

In other GE Aerospace news, SVP Russell Stokes sold 8,000 shares of GE Aerospace stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $297.71, for a total transaction of $2,381,680.00. Following the completion of the transaction, the senior vice president directly owned 150,434 shares of the company’s stock, valued at approximately $44,785,706.14. This trade represents a 5.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.21% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on GE shares. Royal Bank Of Canada raised their price target on shares of GE Aerospace from $300.00 to $340.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. The Goldman Sachs Group increased their target price on shares of GE Aerospace from $271.00 to $305.00 and gave the company a “buy” rating in a research note on Friday, October 10th. Susquehanna started coverage on GE Aerospace in a research report on Thursday, December 4th. They set a “positive” rating and a $350.00 target price on the stock. Zacks Research lowered GE Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. Finally, BNP Paribas Exane initiated coverage on GE Aerospace in a research report on Tuesday, November 18th. They issued an “underperform” rating for the company. Sixteen equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, GE Aerospace currently has a consensus rating of “Moderate Buy” and an average price target of $309.94.

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.