GE Aerospace $GE Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC grew its position in shares of GE Aerospace (NYSE:GE) by 9.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 30,039 shares of the company’s stock after purchasing an additional 2,695 shares during the quarter. GE Aerospace makes up about 0.5% of GAMMA Investing LLC’s holdings, making the stock its 28th largest position. GAMMA Investing LLC’s holdings in GE Aerospace were worth $9,036,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of GE. Brighton Jones LLC increased its position in GE Aerospace by 25.3% in the 4th quarter. Brighton Jones LLC now owns 12,008 shares of the company’s stock valued at $2,003,000 after acquiring an additional 2,421 shares during the period. Revolve Wealth Partners LLC boosted its stake in shares of GE Aerospace by 7.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company’s stock worth $375,000 after acquiring an additional 150 shares in the last quarter. American Century Companies Inc. increased its position in shares of GE Aerospace by 57.4% in the first quarter. American Century Companies Inc. now owns 472,033 shares of the company’s stock valued at $94,477,000 after buying an additional 172,098 shares in the last quarter. Cresset Asset Management LLC grew its stake in GE Aerospace by 3.4% in the 1st quarter. Cresset Asset Management LLC now owns 21,086 shares of the company’s stock valued at $4,228,000 after acquiring an additional 686 shares during the last quarter. Finally, Algert Global LLC acquired a new position in shares of GE Aerospace during the 1st quarter worth approximately $6,445,000. 74.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on GE shares. Bank of America lifted their price target on shares of GE Aerospace from $310.00 to $365.00 and gave the stock a “buy” rating in a report on Monday, October 27th. Wolfe Research boosted their price objective on shares of GE Aerospace from $280.00 to $330.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. TD Cowen increased their target price on GE Aerospace from $300.00 to $330.00 and gave the company a “buy” rating in a research note on Tuesday, October 7th. Zacks Research downgraded shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. Finally, Wall Street Zen raised GE Aerospace from a “hold” rating to a “buy” rating in a research report on Saturday. Sixteen equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $309.94.

Insider Transactions at GE Aerospace

In related news, SVP Russell Stokes sold 8,000 shares of GE Aerospace stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $297.71, for a total transaction of $2,381,680.00. Following the transaction, the senior vice president directly owned 150,434 shares of the company’s stock, valued at $44,785,706.14. The trade was a 5.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.21% of the stock is currently owned by insiders.

GE Aerospace Stock Up 0.6%

GE stock opened at $301.48 on Tuesday. The firm’s 50-day simple moving average is $299.62 and its 200 day simple moving average is $278.88. The stock has a market cap of $318.00 billion, a PE ratio of 40.25, a price-to-earnings-growth ratio of 2.31 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 has a fifty-two week low of $159.36 and a fifty-two week high of $316.67.

GE Aerospace (NYSE:GE) last posted its earnings results on Tuesday, October 21st. The company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.46 by $0.20. The firm had revenue of $11.31 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period last year, the firm earned $1.15 EPS. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. As a group, sell-side analysts predict that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

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 paid 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 is Monday, December 29th. GE Aerospace’s dividend payout ratio (DPR) is presently 19.23%.

About GE Aerospace

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.