GE Aerospace $GE Shares Sold by GWN Securities Inc.

GWN Securities Inc. decreased its holdings in GE Aerospace (NYSE:GE) by 89.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,744 shares of the company’s stock after selling 15,566 shares during the quarter. GWN Securities Inc.’s holdings in GE Aerospace were worth $449,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. IMA Advisory Services Inc. acquired a new position in GE Aerospace in the first quarter worth approximately $28,000. Nova Wealth Management Inc. acquired a new position in GE Aerospace in the first quarter worth approximately $29,000. IMG Wealth Management Inc. grew its position in GE Aerospace by 113.5% in the second quarter. IMG Wealth Management Inc. now owns 111 shares of the company’s stock worth $29,000 after buying an additional 59 shares during the last quarter. Wealth Preservation Advisors LLC acquired a new position in GE Aerospace in the first quarter worth approximately $30,000. Finally, O Brien Wealth Partners LLC acquired a new position in GE Aerospace in the first quarter worth approximately $33,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

GE Aerospace Trading Down 1.0%

GE Aerospace stock opened at $309.76 on Wednesday. The company’s fifty day simple moving average is $290.96 and its 200-day simple moving average is $257.59. The company has a quick ratio of 0.76, a current ratio of 1.08 and a debt-to-equity ratio of 0.99. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $316.67. The stock has a market cap of $326.74 billion, a P/E ratio of 41.36, a P/E/G ratio of 3.17 and a beta of 1.49.

GE Aerospace (NYSE:GE) last posted its quarterly earnings results on Tuesday, October 21st. The company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.46 by $0.20. GE Aerospace had a net margin of 18.34% and a return on equity of 34.01%. The business had revenue of $11.31 billion for the quarter, compared to analysts’ expectations of $10.29 billion. During the same period in the previous year, the company posted $1.15 EPS. GE Aerospace’s 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, sell-side analysts forecast that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, October 27th. Stockholders of record on Monday, September 29th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Monday, September 29th. GE Aerospace’s payout ratio is currently 19.23%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of GE Aerospace in a research report on Wednesday, October 8th. Wolfe Research lifted their price objective on shares of GE Aerospace from $280.00 to $330.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. Bank of America lifted their price objective on shares of GE Aerospace from $310.00 to $365.00 and gave the stock a “buy” rating in a research report on Monday. Citigroup reiterated 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. Finally, JPMorgan Chase & Co. lifted their price objective on shares of GE Aerospace from $275.00 to $325.00 and gave the stock an “overweight” rating in a research report on Monday. Fifteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.