D.A. Davidson & CO. Raises Position in GE Aerospace $GE

D.A. Davidson & CO. increased its stake in GE Aerospace (NYSE:GE) by 4.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 40,923 shares of the company’s stock after buying an additional 1,906 shares during the quarter. D.A. Davidson & CO.’s holdings in GE Aerospace were worth $12,311,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GE. Grove Bank & Trust raised its stake in shares of GE Aerospace by 1.0% during the third 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 during the period. JDM Financial Group LLC grew its holdings in GE Aerospace by 12.9% during the 3rd quarter. JDM Financial Group LLC now owns 306 shares of the company’s stock valued at $92,000 after purchasing an additional 35 shares in the last quarter. Perkins Coie Trust Co increased its stake in GE Aerospace by 7.9% during the 3rd 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. Brown Miller Wealth Management LLC increased its stake in GE Aerospace by 4.1% during the 3rd quarter. Brown Miller Wealth Management LLC now owns 911 shares of the company’s stock worth $274,000 after buying an additional 36 shares during the period. Finally, Terril Brothers Inc. lifted its holdings in GE Aerospace by 2.7% in the 2nd quarter. Terril Brothers Inc. now owns 1,406 shares of the company’s stock worth $362,000 after buying an additional 37 shares in the last quarter. 74.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. BNP Paribas upgraded GE Aerospace to a “strong sell” rating in a research note on Tuesday, November 18th. Zacks Research downgraded GE Aerospace from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. Jefferies Financial Group lifted their price objective on GE Aerospace from $320.00 to $350.00 and gave the stock a “buy” rating in a report on Monday, September 22nd. Susquehanna initiated coverage on GE Aerospace in a research note on Thursday, December 4th. They set a “positive” rating and a $350.00 target price for the company. Finally, Wall Street Zen downgraded shares of GE Aerospace from a “buy” rating to a “hold” rating in a research report on Saturday. 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 company’s stock. According to data from MarketBeat.com, GE Aerospace presently has a consensus rating of “Moderate Buy” and an average target price of $309.94.

Insider Buying and Selling at GE Aerospace

In related news, SVP Russell Stokes sold 8,000 shares of the stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $297.71, for a total transaction of $2,381,680.00. Following 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.21% of the stock is currently owned by corporate insiders.

GE Aerospace Price Performance

Shares of NYSE GE opened at $324.07 on Tuesday. GE Aerospace has a twelve month low of $159.36 and a twelve month high of $329.43. 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 company has a market capitalization of $341.84 billion, a price-to-earnings ratio of 43.27, a price-to-earnings-growth ratio of 2.19 and a beta of 1.40. The business has a 50 day simple moving average of $302.40 and a 200-day simple moving average of $285.96.

GE Aerospace (NYSE:GE) last announced its quarterly earnings data 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 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 for the quarter was up 26.4% on a year-over-year basis. During the same period last year, the business posted $1.15 earnings per share. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. As a group, equities research analysts expect that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend is Monday, December 29th. This represents a $1.44 annualized dividend and a dividend yield of 0.4%. GE Aerospace’s payout ratio is 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.