Crown Oak Advisors LLC Sells 404 Shares of GE Aerospace $GE

Crown Oak Advisors LLC lowered its stake in shares of GE Aerospace (NYSE:GE) by 3.0% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 13,073 shares of the company’s stock after selling 404 shares during the period. GE Aerospace accounts for 1.6% of Crown Oak Advisors LLC’s portfolio, making the stock its 18th largest position. Crown Oak Advisors LLC’s holdings in GE Aerospace were worth $3,365,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC raised its position in GE Aerospace by 25.3% in the 4th quarter. Brighton Jones LLC now owns 12,008 shares of the company’s stock worth $2,003,000 after purchasing an additional 2,421 shares during the period. Revolve Wealth Partners LLC grew its stake in shares of GE Aerospace by 7.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company’s stock valued at $375,000 after buying an additional 150 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of GE Aerospace by 22.3% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 5,132 shares of the company’s stock worth $1,027,000 after buying an additional 935 shares during the period. First County Bank CT purchased a new position in shares of GE Aerospace in the first quarter worth about $211,000. Finally, Parallel Advisors LLC lifted its stake in shares of GE Aerospace by 1.9% in the 1st quarter. Parallel Advisors LLC now owns 16,692 shares of the company’s stock valued at $3,341,000 after acquiring an additional 316 shares during the last quarter. 74.77% of the stock is currently owned by institutional investors.

GE Aerospace Trading Down 0.7%

Shares of NYSE GE opened at $294.97 on Friday. The firm’s 50 day moving average price is $277.26 and its 200-day moving average price is $240.78. GE Aerospace has a 52-week low of $159.36 and a 52-week high of $307.25. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.73 and a current ratio of 1.04. The company has a market cap of $312.80 billion, a PE ratio of 41.14, a P/E/G ratio of 3.17 and a beta of 1.48.

GE Aerospace (NYSE:GE) last released its quarterly earnings data on Thursday, July 17th. The company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.43 by $0.23. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The company had revenue of $10.15 billion for the quarter, compared to analysts’ expectations of $9.49 billion. During the same period last year, the firm posted $1.20 earnings per share. GE Aerospace’s revenue was up 21.2% compared to the same quarter last year. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. On average, equities research analysts expect that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Monday, September 29th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, September 29th. GE Aerospace’s dividend payout ratio is presently 20.08%.

Wall Street Analysts Forecast Growth

GE has been the topic of several recent research reports. Barclays raised their price target on GE Aerospace from $230.00 to $295.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Royal Bank Of Canada raised their target price on GE Aerospace from $275.00 to $300.00 and gave the company an “outperform” rating in a research note on Friday, July 18th. Wall Street Zen downgraded shares of GE Aerospace from a “buy” rating to a “hold” rating in a research report on Sunday, September 21st. Citigroup reissued a “buy” rating and set a $296.00 price target (up from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. Finally, UBS Group upped their price objective on shares of GE Aerospace from $300.00 to $321.00 and gave the stock a “buy” rating in a report on Friday, July 18th. Eleven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, GE Aerospace presently has a consensus rating of “Moderate Buy” and an average price target of $241.92.

GE Aerospace Profile

GE Aerospace (also known as General Electric) is a company that specializes in providing aerospace products and services. It operates through two reportable segments: Commercial Engines and Services and Defense and Propulsion Technologies. It offers jet and turboprop engines, as well as integrated systems for commercial, military, business, and general aviation aircraft.