Ballast Advisors LLC Cuts Stock Holdings in GE Aerospace $GE

Ballast Advisors LLC reduced its position in shares of GE Aerospace (NYSE:GE) by 2.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,205 shares of the company’s stock after selling 66 shares during the period. Ballast Advisors LLC’s holdings in GE Aerospace were worth $568,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in GE Aerospace by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 90,507,442 shares of the company’s stock worth $18,115,065,000 after buying an additional 692,124 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in 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 worth $5,030,028,000 after buying an additional 1,492,486 shares in the last quarter. Invesco Ltd. increased its stake in GE Aerospace by 0.6% during the 1st quarter. Invesco Ltd. now owns 9,599,522 shares of the company’s stock worth $1,921,344,000 after buying an additional 54,765 shares in the last quarter. GQG Partners LLC purchased a new stake in GE Aerospace during the 1st quarter worth approximately $1,606,840,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in GE Aerospace by 6.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 7,676,180 shares of the company’s stock worth $1,536,387,000 after buying an additional 491,207 shares in the last quarter. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on GE. Wall Street Zen upgraded GE Aerospace from a “hold” rating to a “buy” rating in a research note on Saturday. The Goldman Sachs Group boosted their target price on GE Aerospace from $271.00 to $305.00 and gave the stock a “buy” rating in a report on Friday, October 10th. Weiss Ratings restated a “buy (b)” rating on shares of GE Aerospace in a report on Saturday. Barclays boosted their target price on GE Aerospace from $230.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. Finally, UBS Group set a $366.00 target price on GE Aerospace and gave the stock a “buy” rating in a report on Wednesday. Fifteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, GE Aerospace currently has an average rating of “Moderate Buy” and a consensus target price of $284.27.

GE Aerospace Trading Down 0.8%

GE opened at $303.97 on Friday. GE Aerospace has a one year low of $159.36 and a one year high of $316.53. The stock has a market capitalization of $320.63 billion, a PE ratio of 40.58, a P/E/G ratio of 3.15 and a beta of 1.49. The business’s 50 day moving average price is $289.19 and its 200 day moving average price is $255.34. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.73 and a current ratio of 1.08.

GE Aerospace (NYSE:GE) last released its quarterly earnings data on Tuesday, October 21st. The company reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.20. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.The firm had revenue of $11.31 billion for the quarter, compared to analysts’ expectations of $10.29 billion. During the same period in the prior year, the firm posted $1.15 earnings per share. The firm’s quarterly revenue was up 26.4% on a year-over-year basis. 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 EPS for the current year.

GE Aerospace Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Monday, September 29th will be issued a $0.36 dividend. The ex-dividend date is Monday, September 29th. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. GE Aerospace’s dividend payout ratio is currently 19.23%.

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.