Perigon Wealth Management LLC Boosts Stock Holdings in GE Aerospace $GE

Perigon Wealth Management LLC lifted its stake in GE Aerospace (NYSE:GE) by 19.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,044 shares of the company’s stock after purchasing an additional 2,909 shares during the period. Perigon Wealth Management LLC’s holdings in GE Aerospace were worth $5,428,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Grove Bank & Trust raised its position in GE Aerospace by 1.0% in the 3rd quarter. Grove Bank & Trust now owns 3,537 shares of the company’s stock valued at $1,064,000 after purchasing an additional 35 shares in the last quarter. Perkins Coie Trust Co increased its stake in shares of GE Aerospace by 7.9% during the third quarter. Perkins Coie Trust Co now owns 492 shares of the company’s stock worth $148,000 after buying an additional 36 shares during the period. Terril Brothers Inc. increased its stake in shares of GE Aerospace by 2.7% during the second quarter. Terril Brothers Inc. now owns 1,406 shares of the company’s stock worth $362,000 after buying an additional 37 shares during the period. New England Capital Financial Advisors LLC raised its holdings in GE Aerospace by 5.0% in the second quarter. New England Capital Financial Advisors LLC now owns 772 shares of the company’s stock valued at $199,000 after acquiring an additional 37 shares in the last quarter. Finally, First Financial Bank Trust Division lifted its stake in GE Aerospace by 0.7% in the third quarter. First Financial Bank Trust Division now owns 5,176 shares of the company’s stock worth $1,557,000 after acquiring an additional 37 shares during the last quarter. 74.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Russell Stokes sold 8,000 shares of the company’s stock in a transaction on Wednesday, November 19th. The shares were 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 in the company, valued at $44,785,706.14. This represents a 5.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.21% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have commented on GE. BNP Paribas upgraded shares of GE Aerospace to a “strong sell” rating in a report on Tuesday, November 18th. Wall Street Zen upgraded shares of GE Aerospace from a “hold” rating to a “buy” rating in a research note on Saturday, December 13th. UBS Group set a $366.00 target price on GE Aerospace and gave the company a “buy” rating in a report on Wednesday, October 22nd. Susquehanna started coverage on GE Aerospace in a report on Thursday, December 4th. They set a “positive” rating and a $350.00 price target for the company. Finally, Citigroup initiated coverage on GE Aerospace in a research report on Thursday, December 11th. They set a “buy” rating and a $386.00 price objective for the company. Sixteen research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $309.94.

GE Aerospace Stock Performance

Shares of GE stock opened at $315.30 on Monday. The stock’s 50-day moving average is $301.31 and its two-hundred day moving average is $282.68. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.76 and a current ratio of 1.08. GE Aerospace has a 1 year low of $159.36 and a 1 year high of $318.06. The firm has a market cap of $332.58 billion, a price-to-earnings ratio of 42.10, a PEG ratio of 2.43 and a beta of 1.40.

GE Aerospace (NYSE:GE) last announced its earnings results on Tuesday, October 21st. The company reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.20. The firm had revenue of $11.31 billion during 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 business’s revenue was up 26.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.15 EPS. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. Analysts predict that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 26th. Stockholders 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 of this dividend is Monday, December 29th. GE Aerospace’s payout ratio is presently 19.23%.

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.