GE Aerospace $GE Shares Acquired by First Trust Advisors LP

First Trust Advisors LP increased its holdings in shares of GE Aerospace (NYSE:GE) by 89.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 910,161 shares of the company’s stock after acquiring an additional 429,213 shares during the quarter. First Trust Advisors LP owned approximately 0.09% of GE Aerospace worth $234,267,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Brighton Jones LLC boosted its position in GE Aerospace by 25.3% during the 4th quarter. Brighton Jones LLC now owns 12,008 shares of the company’s stock valued at $2,003,000 after purchasing an additional 2,421 shares during the period. Revolve Wealth Partners LLC lifted its stake in GE Aerospace by 7.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company’s stock valued at $375,000 after buying an additional 150 shares during the last quarter. Empower Advisory Group LLC lifted its stake in GE Aerospace by 35.3% in the first quarter. Empower Advisory Group LLC now owns 4,220 shares of the company’s stock valued at $845,000 after buying an additional 1,101 shares during the last quarter. Exencial Wealth Advisors LLC boosted its holdings in shares of GE Aerospace by 3.4% during the first quarter. Exencial Wealth Advisors LLC now owns 2,681 shares of the company’s stock valued at $537,000 after acquiring an additional 88 shares during the period. Finally, AXS Investments LLC grew its position in shares of GE Aerospace by 4.3% during the first quarter. AXS Investments LLC now owns 3,225 shares of the company’s stock worth $645,000 after acquiring an additional 132 shares during the last quarter. Institutional investors own 74.77% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. TD Cowen lifted their price objective 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. The Goldman Sachs Group raised their price target on shares of GE Aerospace from $271.00 to $305.00 and gave the company a “buy” rating in a research note on Friday, October 10th. Royal Bank Of Canada lifted their price target on GE Aerospace from $300.00 to $340.00 and gave the company an “outperform” rating in a report on Friday, October 17th. Susquehanna assumed coverage on GE Aerospace in a report on Thursday. They issued a “positive” rating and a $350.00 price objective for the company. Finally, Wolfe Research raised their target price on GE Aerospace from $280.00 to $330.00 and gave the company an “outperform” rating in a research report on Thursday, October 9th. Sixteen equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, GE Aerospace presently has an average rating of “Moderate Buy” and an average target price of $304.31.

Insider Buying and Selling

In related 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 sale, the senior vice president directly owned 150,434 shares in the company, valued at approximately $44,785,706.14. This trade represents a 5.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.21% of the stock is currently owned by corporate insiders.

GE Aerospace Stock Up 1.0%

GE opened at $291.49 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.76 and a current ratio of 1.08. The company has a market capitalization of $307.47 billion, a PE ratio of 38.92, a P/E/G ratio of 2.24 and a beta of 1.40. The stock’s fifty day moving average is $300.74 and its 200-day moving average is $275.69. GE Aerospace has a one year low of $159.36 and a one year high of $316.67.

GE Aerospace (NYSE:GE) last released its earnings results on Tuesday, October 21st. The company reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.20. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.The firm had revenue of $11.31 billion for the quarter, compared to analyst estimates of $10.29 billion. During the same period in the previous year, the company earned $1.15 earnings per share. GE Aerospace’s revenue was up 26.4% compared to the same quarter last year. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. On average, equities analysts predict that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 26th. Investors of record on Monday, December 29th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Monday, December 29th. GE Aerospace’s payout ratio is presently 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.