Qvr LLC Takes Position in GE Aerospace $GE

Qvr LLC acquired a new position in shares of GE Aerospace (NYSE:GE) during the 2nd quarter, Holdings Channel.com reports. The firm acquired 1,121 shares of the company’s stock, valued at approximately $289,000. GE Aerospace accounts for about 0.0% of Qvr LLC’s investment portfolio, making the stock its 17th largest holding.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of GE Aerospace by 1.6% in the second quarter. Vanguard Group Inc. now owns 91,989,511 shares of the company’s stock valued at $23,677,180,000 after purchasing an additional 1,482,069 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of GE Aerospace by 6.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 25,131,285 shares of the company’s stock valued at $5,030,028,000 after purchasing an additional 1,492,486 shares in the last quarter. Geode Capital Management LLC grew its position in GE Aerospace by 3.1% in the second quarter. Geode Capital Management LLC now owns 24,113,967 shares of the company’s stock worth $6,181,956,000 after buying an additional 724,559 shares during the last quarter. Invesco Ltd. raised its position in shares of GE Aerospace by 0.6% during the first quarter. Invesco Ltd. now owns 9,599,522 shares of the company’s stock worth $1,921,344,000 after purchasing an additional 54,765 shares during the period. Finally, GQG Partners LLC purchased a new stake in GE Aerospace during the first quarter valued at about $1,606,840,000. 74.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

GE has been the topic of several recent analyst reports. Jefferies Financial Group boosted their target price on shares of GE Aerospace from $320.00 to $350.00 and gave the company a “buy” rating in a research note on Monday, September 22nd. TD Cowen boosted their target price on GE Aerospace from $300.00 to $330.00 and gave the stock a “buy” rating in a report on Tuesday, October 7th. UBS Group set a $366.00 target price on shares of GE Aerospace and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Bank of America upped their price objective on GE Aerospace from $310.00 to $365.00 and gave the company a “buy” rating in a research note on Monday, October 27th. Finally, Zacks Research cut shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. Fifteen equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, GE Aerospace presently has an average rating of “Moderate Buy” and an average price target of $301.27.

Insider Transactions at GE Aerospace

In other 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 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 $44,785,706.14. This trade represents a 5.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.21% of the company’s stock.

GE Aerospace Trading Down 1.1%

Shares of NYSE GE opened at $287.29 on Monday. The company’s 50 day simple moving average is $301.45 and its 200 day simple moving average is $271.94. The firm has a market capitalization of $303.04 billion, a P/E ratio of 38.36, a P/E/G ratio of 3.09 and a beta of 1.56. GE Aerospace has a fifty-two week low of $159.36 and a fifty-two week high of $316.67. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.08 and a quick ratio of 0.76.

GE Aerospace (NYSE:GE) last released its quarterly earnings data on Tuesday, October 21st. The company reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.20. The business had revenue of $11.31 billion during the quarter, compared to the consensus estimate 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 was up 26.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.15 earnings per share. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. On average, analysts predict that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

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 $0.36 dividend. 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 dividend payout ratio is 19.23%.

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.