Trust Investment Advisors Sells 151 Shares of GE Aerospace $GE

Trust Investment Advisors lowered its holdings in shares of GE Aerospace (NYSE:GE) by 14.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 867 shares of the company’s stock after selling 151 shares during the period. Trust Investment Advisors’ holdings in GE Aerospace were worth $223,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. IMA Advisory Services Inc. purchased a new stake in GE Aerospace during the 1st quarter valued at $28,000. Nova Wealth Management Inc. purchased a new stake in GE Aerospace during the 1st quarter valued at $29,000. IMG Wealth Management Inc. boosted its position in GE Aerospace by 113.5% during the 2nd quarter. IMG Wealth Management Inc. now owns 111 shares of the company’s stock valued at $29,000 after buying an additional 59 shares during the period. Wealth Preservation Advisors LLC purchased a new stake in GE Aerospace during the 1st quarter valued at $30,000. Finally, O Brien Wealth Partners LLC purchased a new stake in GE Aerospace during the 1st quarter valued at $33,000. Institutional investors own 74.77% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Bank of America increased their price target on shares of GE Aerospace from $310.00 to $365.00 and gave the company a “buy” rating in a research report on Monday. Weiss Ratings reissued a “buy (b)” rating on shares of GE Aerospace in a research report on Wednesday, October 8th. TD Cowen increased their price target on shares of GE Aerospace from $300.00 to $330.00 and gave the company a “buy” rating in a research report on Tuesday, October 7th. Royal Bank Of Canada raised their target price on shares of GE Aerospace from $300.00 to $340.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. Finally, Zacks Research cut shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. Fifteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $301.27.

GE Aerospace Trading Up 3.0%

NYSE:GE opened at $313.06 on Tuesday. The company has a 50-day moving average price of $290.08 and a 200-day moving average price of $256.70. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $316.53. The company has a current ratio of 1.08, a quick ratio of 0.76 and a debt-to-equity ratio of 0.99. The stock has a market cap of $330.22 billion, a price-to-earnings ratio of 41.80, a P/E/G ratio of 3.14 and a beta of 1.49.

GE Aerospace (NYSE:GE) last issued its quarterly earnings results on Tuesday, October 21st. The company reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.20. GE Aerospace had a net margin of 18.34% and a return on equity of 34.01%. The company had revenue of $11.31 billion during the quarter, compared to analysts’ expectations of $10.29 billion. During the same period last 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. Equities analysts predict that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

The firm also recently declared 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 (DPR) 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.