Cullen Frost Bankers Inc. Grows Stock Position in GE Aerospace $GE

Cullen Frost Bankers Inc. increased its position in shares of GE Aerospace (NYSE:GE) by 3.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 96,516 shares of the company’s stock after buying an additional 2,865 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in GE Aerospace were worth $24,842,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. GQG Partners LLC purchased a new stake in GE Aerospace in the first quarter valued at approximately $1,606,840,000. Nuveen LLC purchased a new stake in GE Aerospace in the first quarter valued at approximately $777,075,000. Amundi raised its position in GE Aerospace by 124.0% in the first 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 during the period. Price T Rowe Associates Inc. MD raised its position in GE Aerospace by 6.3% in the first 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 during the period. Finally, 1832 Asset Management L.P. raised its position in GE Aerospace by 7,406.4% in the first 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 during the period. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $350.00 target price on shares of GE Aerospace in a research report on Wednesday, October 8th. The Goldman Sachs Group boosted their target price on GE Aerospace from $271.00 to $305.00 and gave the company a “buy” rating in a research report on Friday, October 10th. Wells Fargo & Company boosted their target price on GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. Royal Bank Of Canada boosted their price target on shares of GE Aerospace from $300.00 to $340.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. Finally, Wolfe Research boosted their price target on shares of GE Aerospace from $280.00 to $330.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. Fifteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $281.27.

GE Aerospace Trading Up 1.3%

Shares of GE opened at $306.47 on Wednesday. The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.88. The firm’s 50-day moving average is $287.16 and its two-hundred day moving average is $252.55. GE Aerospace has a twelve month low of $159.36 and a twelve month high of $316.53. The firm has a market capitalization of $324.99 billion, a P/E ratio of 42.74, a PEG ratio of 3.26 and a beta of 1.49.

GE Aerospace (NYSE:GE) last released its quarterly earnings results on Tuesday, October 21st. The company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.46 by $0.20. The business had revenue of $11.31 billion for the quarter, compared to analyst estimates of $10.29 billion. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The company’s quarterly revenue was up 26.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.15 earnings per share. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. On average, research analysts predict that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

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

GE Aerospace Company 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.