GE Aerospace $GE Holdings Boosted by Dynamic Advisor Solutions LLC

Dynamic Advisor Solutions LLC raised its position in shares of GE Aerospace (NYSE:GE) by 14.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,603 shares of the company’s stock after purchasing an additional 2,805 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in GE Aerospace were worth $6,799,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of GE. Grove Bank & Trust lifted its stake in GE Aerospace by 1.0% in the 3rd quarter. Grove Bank & Trust now owns 3,537 shares of the company’s stock worth $1,064,000 after acquiring an additional 35 shares in the last quarter. Terril Brothers Inc. increased its holdings 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 period. New England Capital Financial Advisors LLC lifted its position in shares of GE Aerospace by 5.0% in the second quarter. New England Capital Financial Advisors LLC now owns 772 shares of the company’s stock worth $199,000 after purchasing an additional 37 shares in the last quarter. First Financial Bank Trust Division boosted its holdings in shares of GE Aerospace by 0.7% during the third quarter. First Financial Bank Trust Division now owns 5,176 shares of the company’s stock worth $1,557,000 after purchasing an additional 37 shares during the period. Finally, Old North State Wealth Management LLC grew its position in GE Aerospace by 1.9% during the second quarter. Old North State Wealth Management LLC now owns 2,101 shares of the company’s stock valued at $542,000 after purchasing an additional 39 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

GE Aerospace Trading Up 3.3%

Shares of NYSE:GE opened at $301.76 on Friday. 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 capitalization of $318.30 billion, a PE ratio of 40.29, a P/E/G ratio of 2.26 and a beta of 1.40. GE Aerospace has a 1 year low of $159.36 and a 1 year high of $316.67. The firm has a fifty day moving average price of $299.40 and a 200 day moving average price of $279.50.

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

GE Aerospace Dividend Announcement

The business 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 annualized dividend and a yield of 0.5%. The ex-dividend date is Monday, December 29th. GE Aerospace’s payout ratio is 19.23%.

Insider Transactions at GE Aerospace

In other GE Aerospace news, SVP Russell Stokes sold 8,000 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the senior vice president owned 150,434 shares of the company’s stock, valued at $44,785,706.14. This represents a 5.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.21% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

GE has been the subject of a number of research analyst reports. UBS Group set a $366.00 target price on shares of GE Aerospace and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Wall Street Zen upgraded GE Aerospace from a “hold” rating to a “buy” rating in a report on Saturday, December 13th. Bank of America boosted their target price on GE Aerospace from $310.00 to $365.00 and gave the company a “buy” rating in a research note on Monday, October 27th. BNP Paribas Exane began coverage on GE Aerospace in a research report on Tuesday, November 18th. They issued an “underperform” rating on the stock. Finally, Wolfe Research raised their price target on GE Aerospace from $280.00 to $330.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. Sixteen investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, GE Aerospace currently has an average rating of “Moderate Buy” and a consensus target price of $309.94.

GE Aerospace 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.