Fisher Asset Management LLC Has $4.48 Million Stake in GE Aerospace $GE

Fisher Asset Management LLC lifted its position in shares of GE Aerospace (NYSE:GE) by 21.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,394 shares of the company’s stock after buying an additional 3,078 shares during the period. Fisher Asset Management LLC’s holdings in GE Aerospace were worth $4,477,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Edgestream Partners L.P. lifted its stake in GE Aerospace by 218.1% in the 2nd quarter. Edgestream Partners L.P. now owns 9,915 shares of the company’s stock valued at $2,552,000 after acquiring an additional 6,798 shares in the last quarter. Shelton Capital Management raised its holdings in shares of GE Aerospace by 22.8% in the second quarter. Shelton Capital Management now owns 7,669 shares of the company’s stock valued at $1,974,000 after purchasing an additional 1,425 shares during the last quarter. Wealthedge Investment Advisors LLC raised its holdings in shares of GE Aerospace by 46.0% in the second quarter. Wealthedge Investment Advisors LLC now owns 4,868 shares of the company’s stock valued at $1,253,000 after purchasing an additional 1,533 shares during the last quarter. Smith Moore & CO. lifted its position in shares of GE Aerospace by 16.1% in the second quarter. Smith Moore & CO. now owns 6,592 shares of the company’s stock worth $1,697,000 after purchasing an additional 914 shares in the last quarter. Finally, Bare Financial Services Inc lifted its position in GE Aerospace by 81.1% during the 2nd quarter. Bare Financial Services Inc now owns 96 shares of the company’s stock worth $25,000 after buying an additional 43 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors.

GE Aerospace Stock Performance

NYSE GE opened at $291.49 on Friday. The firm has a 50-day moving average price of $300.74 and a two-hundred day moving average price of $275.69. GE Aerospace has a 12-month low of $159.36 and a 12-month high of $316.67. The company has a market capitalization of $307.47 billion, a P/E ratio of 38.92, a P/E/G ratio of 2.24 and a beta of 1.40. The company has a quick ratio of 0.76, a current ratio of 1.08 and a debt-to-equity ratio of 0.99.

GE Aerospace (NYSE:GE) last announced its earnings results on Tuesday, October 21st. The company reported $1.66 EPS 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 analysts’ expectations of $10.29 billion. GE Aerospace had a net margin of 18.34% and a return on equity of 34.01%. The business’s revenue for the quarter was up 26.4% on a year-over-year basis. During the same period last year, the firm earned $1.15 earnings per share. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. Analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Dividend Announcement

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

Insider Buying and Selling at GE Aerospace

In related 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 transaction of $2,381,680.00. Following the sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on GE shares. Susquehanna initiated coverage on shares of GE Aerospace in a report on Thursday. They issued a “positive” rating and a $350.00 target price on the stock. The Goldman Sachs Group boosted 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. Weiss Ratings reaffirmed a “buy (b)” rating on shares of GE Aerospace in a research report on Wednesday, October 8th. Zacks Research downgraded GE Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $350.00 target price on shares of GE Aerospace in a report on Wednesday, October 8th. Sixteen research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $304.31.

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.