Highland Capital Management LLC Buys 9,728 Shares of GE Aerospace $GE

Highland Capital Management LLC increased its stake in shares of GE Aerospace (NYSE:GE) by 63.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 24,980 shares of the company’s stock after acquiring an additional 9,728 shares during the quarter. Highland Capital Management LLC’s holdings in GE Aerospace were worth $7,514,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. MBL Wealth LLC lifted its stake in shares of GE Aerospace by 36.2% during the third quarter. MBL Wealth LLC now owns 1,696 shares of the company’s stock valued at $510,000 after acquiring an additional 451 shares during the period. Regent Peak Wealth Advisors LLC bought a new stake in GE Aerospace during the 3rd quarter worth about $1,180,000. Curran Financial Partners LLC lifted its position in GE Aerospace by 6.8% during the 3rd quarter. Curran Financial Partners LLC now owns 2,372 shares of the company’s stock valued at $713,000 after purchasing an additional 152 shares during the period. HBK Sorce Advisory LLC boosted its stake in shares of GE Aerospace by 0.5% in the 3rd quarter. HBK Sorce Advisory LLC now owns 17,998 shares of the company’s stock valued at $5,401,000 after purchasing an additional 82 shares during the last quarter. Finally, DecisionMap Wealth Management LLC acquired a new stake in shares of GE Aerospace during the 3rd quarter worth approximately $217,000. Institutional investors own 74.77% of the company’s stock.

Wall Street Analysts Forecast Growth

GE has been the topic of several analyst reports. Susquehanna began coverage on shares of GE Aerospace in a report on Thursday, December 4th. They issued a “positive” rating and a $350.00 price objective on the stock. BNP Paribas upgraded shares of GE Aerospace to a “strong sell” rating in a research report on Tuesday, November 18th. The Goldman Sachs Group raised their price target on GE Aerospace from $271.00 to $305.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. Bank of America lifted their price objective on GE Aerospace from $310.00 to $365.00 and gave the stock a “buy” rating in a research note on Monday, October 27th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $350.00 target price on shares of GE Aerospace in a research note on Wednesday, October 8th. Sixteen analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $309.94.

GE Aerospace Stock Up 0.3%

NYSE:GE opened at $316.48 on Friday. GE Aerospace has a 1 year low of $159.36 and a 1 year high of $317.75. The stock has a 50-day moving average price of $301.02 and a two-hundred day moving average price of $281.70. The stock has a market cap of $333.83 billion, a price-to-earnings ratio of 42.25, a PEG ratio of 2.45 and a beta of 1.40. 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 released its quarterly earnings data on Tuesday, October 21st. The company reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.20. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.The business had revenue of $11.31 billion for the quarter, compared to analysts’ expectations of $10.29 billion. During the same quarter in the previous year, the business posted $1.15 EPS. GE Aerospace’s revenue for the quarter 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, equities analysts expect that GE Aerospace will post 5.4 earnings per share for the current 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 paid a $0.36 dividend. The ex-dividend date of this dividend is Monday, December 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%.

Insider Activity

In other news, SVP Russell Stokes sold 8,000 shares of the stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $297.71, for a total transaction of $2,381,680.00. Following the completion of the sale, the senior vice president owned 150,434 shares of the company’s stock, valued at $44,785,706.14. This 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 is available at this hyperlink. 0.21% of the stock is owned by corporate insiders.

GE Aerospace Profile

GE Aerospace (NYSE: GE) is the aerospace business of General Electric, focused on the design, manufacture and support of aircraft engines, integrated propulsion systems and related aftermarket services. The company serves commercial airlines, airframers, business and general aviation operators, and defense customers, providing propulsion solutions for a broad range of aircraft types from single?aisle airliners to widebody and military platforms.

Its product portfolio includes a family of commercial and military jet engines as well as spare parts, components and systems engineering.