GE Aerospace $GE Shares Sold by Virtue Capital Management LLC

Virtue Capital Management LLC cut its holdings in GE Aerospace (NYSE:GE) by 12.1% during the 2nd quarter, Holdings Channel reports. The firm owned 7,993 shares of the company’s stock after selling 1,096 shares during the period. Virtue Capital Management LLC’s holdings in GE Aerospace were worth $2,057,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Nova Wealth Management Inc. purchased a new stake in GE Aerospace in the 1st quarter valued at approximately $29,000. IMG Wealth Management Inc. raised its holdings in shares of 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 acquiring an additional 59 shares during the last quarter. Wealth Preservation Advisors LLC acquired a new position in shares of GE Aerospace in the first quarter worth $30,000. Financial Network Wealth Advisors LLC lifted its position in shares of GE Aerospace by 81.9% in the first quarter. Financial Network Wealth Advisors LLC now owns 171 shares of the company’s stock valued at $34,000 after acquiring an additional 77 shares in the last quarter. Finally, GKV Capital Management Co. Inc. acquired a new stake in shares of GE Aerospace during the first quarter valued at $42,000. 74.77% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at GE Aerospace

In related news, SVP Russell Stokes sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $297.71, for a total value of $2,381,680.00. Following the transaction, the senior vice president owned 150,434 shares in the company, valued at approximately $44,785,706.14. This trade represents a 5.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.21% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. BNP Paribas Exane assumed coverage on shares of GE Aerospace in a report on Tuesday, November 18th. They issued an “underperform” rating on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of GE Aerospace in a research note on Wednesday, October 8th. UBS Group set a $366.00 target price on shares of GE Aerospace and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Wall Street Zen downgraded GE Aerospace from a “buy” rating to a “hold” rating in a report on Saturday, November 22nd. Finally, JPMorgan Chase & Co. increased their price target on GE Aerospace from $275.00 to $325.00 and gave the stock an “overweight” rating in a research note on Monday, October 27th. Fifteen investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $301.27.

GE Aerospace Trading Up 1.2%

GE stock opened at $296.94 on Friday. 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 cap of $313.22 billion, a price-to-earnings ratio of 39.65, a PEG ratio of 3.09 and a beta of 1.56. The business has a fifty day simple moving average of $301.75 and a 200-day simple moving average of $273.39. GE Aerospace has a 52 week low of $159.36 and a 52 week high of $316.67.

GE Aerospace (NYSE:GE) last issued its earnings results 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. The firm had revenue of $11.31 billion for the quarter, compared to analysts’ expectations of $10.29 billion. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.The firm’s revenue for the quarter was up 26.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.15 earnings per share. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. On average, equities research analysts expect that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 27th. Investors of record on Monday, September 29th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Monday, September 29th. GE Aerospace’s dividend payout ratio is 19.23%.

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.