The Manufacturers Life Insurance Company Raises Stock Position in GE Aerospace $GE

The Manufacturers Life Insurance Company boosted its holdings in GE Aerospace (NYSE:GE) by 3.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 855,824 shares of the company’s stock after acquiring an additional 31,911 shares during the period. The Manufacturers Life Insurance Company’s holdings in GE Aerospace were worth $220,281,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Terril Brothers Inc. lifted its stake in shares of GE Aerospace by 2.7% in the 2nd quarter. Terril Brothers Inc. now owns 1,406 shares of the company’s stock valued at $362,000 after purchasing an additional 37 shares during the last quarter. New England Capital Financial Advisors LLC raised its holdings in GE Aerospace by 5.0% in the 2nd quarter. New England Capital Financial Advisors LLC now owns 772 shares of the company’s stock valued at $199,000 after buying an additional 37 shares during the period. Old North State Wealth Management LLC lifted its position in GE Aerospace by 1.9% in the second quarter. Old North State Wealth Management LLC now owns 2,101 shares of the company’s stock valued at $542,000 after buying an additional 39 shares during the last quarter. Stephens Consulting LLC boosted its stake in GE Aerospace by 18.0% during the second quarter. Stephens Consulting LLC now owns 256 shares of the company’s stock worth $66,000 after buying an additional 39 shares during the period. Finally, Francis Financial Inc. increased its position in shares of GE Aerospace by 3.3% during the second quarter. Francis Financial Inc. now owns 1,215 shares of the company’s stock valued at $313,000 after acquiring an additional 39 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

GE Aerospace Trading Down 0.6%

GE opened at $283.57 on Thursday. The business has a fifty day moving average price of $299.71 and a 200 day moving average price of $277.44. 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 has a 12 month low of $159.36 and a 12 month high of $316.67. The stock has a market capitalization of $299.11 billion, a price-to-earnings ratio of 37.86, a PEG ratio of 2.22 and a beta of 1.40.

GE Aerospace (NYSE:GE) last issued its quarterly earnings results on Tuesday, October 21st. The company reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.20. The company had revenue of $11.31 billion for 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%.GE Aerospace’s revenue was up 26.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.15 EPS. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. Sell-side analysts expect that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages have recently commented on GE. Jefferies Financial Group upped their price objective on shares of GE Aerospace from $320.00 to $350.00 and gave the stock a “buy” rating in a report on Monday, September 22nd. The Goldman Sachs Group boosted their target price on GE Aerospace from $271.00 to $305.00 and gave the company a “buy” rating in a research report on Friday, October 10th. BNP Paribas upgraded GE Aerospace to a “strong sell” rating in a research report on Tuesday, November 18th. Royal Bank Of Canada lifted their price objective on GE Aerospace from $300.00 to $340.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. Finally, Susquehanna began coverage on GE Aerospace in a report on Thursday, December 4th. They issued a “positive” rating and a $350.00 price objective on the stock. Sixteen analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $304.31.

Insider Buying and Selling

In other GE Aerospace news, SVP Russell Stokes sold 8,000 shares of the 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 sale, the senior vice president directly owned 150,434 shares of the company’s stock, valued at approximately $44,785,706.14. This represents a 5.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.21% of the stock is owned by company insiders.

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.