GE Aerospace $GE Shares Acquired by Bay Colony Advisory Group Inc d b a Bay Colony Advisors

Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its stake in shares of GE Aerospace (NYSE:GE) by 21.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,914 shares of the company’s stock after purchasing an additional 4,022 shares during the quarter. GE Aerospace makes up approximately 0.8% of Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings, making the stock its 21st largest holding. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in GE Aerospace were worth $6,893,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Ameriflex Group Inc. lifted its stake in GE Aerospace by 23.5% during the second quarter. Ameriflex Group Inc. now owns 1,742 shares of the company’s stock worth $437,000 after purchasing an additional 331 shares during the last quarter. Diversified Trust Co raised its holdings in shares of GE Aerospace by 21.3% during the third quarter. Diversified Trust Co now owns 32,021 shares of the company’s stock worth $9,633,000 after purchasing an additional 5,625 shares during the period. Cadinha & Co. LLC raised its holdings in shares of GE Aerospace by 154.8% during the third quarter. Cadinha & Co. LLC now owns 97,280 shares of the company’s stock worth $29,264,000 after purchasing an additional 59,106 shares during the period. Police & Firemen s Retirement System of New Jersey lifted its position in shares of GE Aerospace by 1.8% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 159,682 shares of the company’s stock worth $41,101,000 after buying an additional 2,779 shares during the last quarter. Finally, Czech National Bank boosted its holdings in shares of GE Aerospace by 3.3% in the 3rd quarter. Czech National Bank now owns 269,330 shares of the company’s stock valued at $81,020,000 after buying an additional 8,668 shares during the period. Institutional investors and hedge funds own 74.77% of the company’s stock.

Insider Activity

In other news, SVP Russell Stokes sold 8,000 shares of the 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 completion of the sale, the senior vice president owned 150,434 shares in the company, valued at approximately $44,785,706.14. This represents a 5.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.21% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on GE shares. The Goldman Sachs Group increased their price objective on shares of GE Aerospace from $271.00 to $305.00 and gave the stock a “buy” rating in a research note on Friday, October 10th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of GE Aerospace in a report on Monday, October 27th. Jefferies Financial Group increased their price target on GE Aerospace from $320.00 to $350.00 and gave the stock a “buy” rating in a research report on Monday, September 22nd. Wall Street Zen lowered GE Aerospace from a “buy” rating to a “hold” rating in a research report on Saturday, January 3rd. Finally, TD Cowen upped their price objective on GE Aerospace from $300.00 to $330.00 and gave the stock a “buy” rating in a research note on Tuesday, October 7th. Sixteen research 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. Based on data from MarketBeat, GE Aerospace currently has a consensus rating of “Moderate Buy” and a consensus target price of $309.94.

GE Aerospace Trading Up 2.3%

Shares of GE Aerospace stock opened at $321.65 on Friday. 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 business has a fifty day simple moving average of $303.28 and a 200-day simple moving average of $287.55. GE Aerospace has a fifty-two week low of $159.36 and a fifty-two week high of $332.79. The firm has a market cap of $339.28 billion, a price-to-earnings ratio of 42.94, a price-to-earnings-growth ratio of 2.15 and a beta of 1.40.

GE Aerospace (NYSE:GE) last posted its quarterly earnings data 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. GE Aerospace had a net margin of 18.34% and a return on equity of 34.01%. The company had revenue of $11.31 billion during the quarter, compared to analyst estimates of $10.29 billion. During the same quarter last year, the firm posted $1.15 EPS. The business’s revenue for the quarter was up 26.4% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. On average, equities analysts forecast that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 26th. Shareholders of record on Monday, December 29th will be given a $0.36 dividend. The ex-dividend date is Monday, December 29th. This represents a $1.44 annualized dividend and a 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.