Farther Finance Advisors LLC Grows Holdings in GE Aerospace $GE

Farther Finance Advisors LLC raised its holdings in shares of GE Aerospace (NYSE:GEFree Report) by 23.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,081 shares of the company’s stock after purchasing an additional 4,413 shares during the quarter. Farther Finance Advisors LLC’s holdings in GE Aerospace were worth $6,943,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Parcion Private Wealth LLC boosted its position in GE Aerospace by 14.5% in the 3rd quarter. Parcion Private Wealth LLC now owns 5,005 shares of the company’s stock valued at $1,506,000 after buying an additional 633 shares during the period. CJM Wealth Advisers Ltd. raised its stake in shares of GE Aerospace by 21.4% during the third quarter. CJM Wealth Advisers Ltd. now owns 2,129 shares of the company’s stock valued at $640,000 after acquiring an additional 375 shares in the last quarter. Elevation Wealth Partners LLC boosted its holdings in shares of GE Aerospace by 122.6% in the third quarter. Elevation Wealth Partners LLC now owns 138 shares of the company’s stock valued at $42,000 after purchasing an additional 76 shares during the period. HBK Sorce Advisory LLC grew its stake in GE Aerospace by 8.1% in the third quarter. HBK Sorce Advisory LLC now owns 19,369 shares of the company’s stock worth $5,860,000 after purchasing an additional 1,453 shares in the last quarter. Finally, Arvest Investments Inc. bought a new position in GE Aerospace in the third quarter worth approximately $334,000. 74.77% of the stock is currently owned by institutional investors.

GE Aerospace News Roundup

Here are the key news stories impacting GE Aerospace this week:

Analyst Ratings Changes

A number of equities research analysts have weighed in on GE shares. TD Cowen lifted their target price on GE Aerospace from $300.00 to $330.00 and gave the company a “buy” rating in a research report on Tuesday, October 7th. Citigroup began coverage on GE Aerospace in a report on Thursday, December 11th. They issued a “buy” rating and a $386.00 price objective for the company. BNP Paribas Exane initiated coverage on shares of GE Aerospace in a report on Tuesday, November 18th. They set an “underperform” rating on the stock. Bank of America raised their target price on shares of GE Aerospace from $310.00 to $365.00 and gave the company a “buy” rating in a research report on Monday, October 27th. Finally, JPMorgan Chase & Co. boosted their price target on shares of GE Aerospace from $275.00 to $325.00 and gave the company an “overweight” rating in a report on Monday, October 27th. Sixteen research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $309.94.

View Our Latest Research Report on GE Aerospace

GE Aerospace Trading Up 0.3%

NYSE:GE opened at $315.60 on Wednesday. GE Aerospace has a 52 week low of $159.36 and a 52 week high of $317.75. The firm has a 50 day moving average of $300.36 and a 200 day moving average of $281.21. The company has a quick ratio of 0.76, a current ratio of 1.08 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $332.90 billion, a price-to-earnings ratio of 42.14, a PEG ratio of 2.43 and a beta of 1.40.

GE Aerospace (NYSE:GEGet Free Report) last released its quarterly earnings results on Tuesday, October 21st. The company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.20. The business had revenue of $11.31 billion for the quarter, compared to analyst estimates 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 in the previous year, the company earned $1.15 earnings per share. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. As a group, sell-side analysts anticipate that GE Aerospace will post 5.4 earnings per share 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 given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Monday, December 29th. GE Aerospace’s dividend payout ratio is currently 19.23%.

Insider Buying and Selling

In other GE Aerospace news, SVP Russell Stokes sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $297.71, for a total value 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 approximately $44,785,706.14. This trade represents a 5.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.21% of the company’s stock.

About GE Aerospace

(Free Report)

GE Aerospace (NYSE: GE) is the aerospace business of General Electric, focused on the design, manufacture and support of aircraft engines, integrated propulsion systems and related aftermarket services. The company serves commercial airlines, airframers, business and general aviation operators, and defense customers, providing propulsion solutions for a broad range of aircraft types from single‑aisle airliners to widebody and military platforms.

Its product portfolio includes a family of commercial and military jet engines as well as spare parts, components and systems engineering.

Further Reading

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Institutional Ownership by Quarter for GE Aerospace (NYSE:GE)

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