Apollon Wealth Management LLC Increases Stake in GE Aerospace $GE

Apollon Wealth Management LLC grew its position in GE Aerospace (NYSE:GE) by 17.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,421 shares of the company’s stock after acquiring an additional 4,107 shares during the period. Apollon Wealth Management LLC’s holdings in GE Aerospace were worth $8,249,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Ameriflex Group Inc. grew its stake in shares of GE Aerospace by 23.5% during the second quarter. Ameriflex Group Inc. now owns 1,742 shares of the company’s stock valued at $437,000 after acquiring an additional 331 shares in the last quarter. Police & Firemen s Retirement System of New Jersey boosted its holdings in GE Aerospace by 1.8% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 159,682 shares of the company’s stock valued at $41,101,000 after purchasing an additional 2,779 shares during the last quarter. Czech National Bank boosted its holdings in GE Aerospace by 3.3% in the third quarter. Czech National Bank now owns 269,330 shares of the company’s stock valued at $81,020,000 after purchasing an additional 8,668 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in GE Aerospace by 7.0% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 182,120 shares of the company’s stock valued at $46,876,000 after purchasing an additional 11,873 shares in the last quarter. Finally, Vigilare Wealth Management purchased a new stake in GE Aerospace during the 2nd quarter worth approximately $627,000. 74.77% of the stock is currently owned by institutional investors and hedge funds.

GE Aerospace Stock Down 0.5%

GE stock opened at $315.30 on Friday. The firm’s 50-day moving average is $301.31 and its two-hundred day moving average is $282.42. The company has a market capitalization of $332.58 billion, a price-to-earnings ratio of 42.10, a price-to-earnings-growth ratio of 2.43 and a beta of 1.40. GE Aerospace has a 52 week low of $159.36 and a 52 week high of $318.06. The company has a current ratio of 1.08, a quick ratio of 0.76 and a debt-to-equity ratio of 0.99.

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, analysts forecast that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

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

Insider Transactions at GE Aerospace

In related news, SVP Russell Stokes sold 8,000 shares of the company’s stock in a transaction 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 transaction, the senior vice president directly owned 150,434 shares of the company’s stock, valued at approximately $44,785,706.14. The trade was a 5.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.21% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on GE shares. Royal Bank Of Canada increased their target price on GE Aerospace from $300.00 to $340.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. BNP Paribas raised shares of GE Aerospace to a “strong sell” rating in a report on Tuesday, November 18th. Susquehanna assumed coverage on shares of GE Aerospace in a report on Thursday, December 4th. They set a “positive” rating and a $350.00 price objective for the company. BNP Paribas Exane initiated coverage on shares of GE Aerospace in a research note on Tuesday, November 18th. They issued an “underperform” rating on the stock. Finally, Zacks Research cut shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. Sixteen analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $309.94.

GE Aerospace Company Profile

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.