CKW Financial Group Cuts Stock Holdings in GE Aerospace $GE

CKW Financial Group trimmed its position in shares of GE Aerospace (NYSE:GE) by 3.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,073 shares of the company’s stock after selling 37 shares during the quarter. CKW Financial Group’s holdings in GE Aerospace were worth $267,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in GE. GQG Partners LLC purchased a new position in shares of GE Aerospace during the 1st quarter valued at approximately $1,606,840,000. Nuveen LLC purchased a new position in shares of GE Aerospace during the 1st quarter valued at approximately $777,075,000. Amundi increased its holdings in shares of GE Aerospace by 124.0% during the 1st quarter. Amundi now owns 3,200,479 shares of the company’s stock valued at $600,506,000 after purchasing an additional 1,771,944 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of GE Aerospace by 6.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 25,131,285 shares of the company’s stock valued at $5,030,028,000 after purchasing an additional 1,492,486 shares in the last quarter. Finally, 1832 Asset Management L.P. increased its holdings in shares of GE Aerospace by 7,406.4% during the 1st quarter. 1832 Asset Management L.P. now owns 1,212,209 shares of the company’s stock valued at $242,624,000 after purchasing an additional 1,196,060 shares in the last quarter. 74.77% of the stock is owned by hedge funds and other institutional investors.

GE Aerospace Trading Up 2.1%

Shares of GE opened at $297.47 on Tuesday. GE Aerospace has a 52-week low of $159.36 and a 52-week high of $307.25. The company has a quick ratio of 0.73, a current ratio of 1.04 and a debt-to-equity ratio of 0.88. The firm’s fifty day moving average is $283.87 and its two-hundred day moving average is $248.35. The stock has a market cap of $315.45 billion, a PE ratio of 41.49, a price-to-earnings-growth ratio of 3.14 and a beta of 1.49.

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

GE Aerospace Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Monday, September 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, September 29th. GE Aerospace’s payout ratio is 20.08%.

Analysts Set New Price Targets

GE has been the topic of a number of research analyst reports. The Goldman Sachs Group lifted their price target on shares of GE Aerospace from $271.00 to $305.00 and gave the company a “buy” rating in a research note on Friday. Royal Bank Of Canada lifted their price target on shares of GE Aerospace from $275.00 to $300.00 and gave the company an “outperform” rating in a research note on Friday, July 18th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $350.00 price target on shares of GE Aerospace in a research note on Wednesday, October 8th. TD Cowen lifted their price target on shares of GE Aerospace from $300.00 to $330.00 and gave the company a “buy” rating in a research note on Tuesday, October 7th. Finally, Wolfe Research lifted their price target on shares of GE Aerospace from $280.00 to $330.00 and gave the company an “outperform” rating in a research note on Thursday, October 9th. Fifteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, GE Aerospace has an average rating of “Moderate Buy” and an average price target of $267.13.

About GE Aerospace

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.