Amalgamated Bank Has $60.48 Million Position in GE Aerospace $GE

Amalgamated Bank increased its holdings in shares of GE Aerospace (NYSE:GE) by 5.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 234,959 shares of the company’s stock after acquiring an additional 12,646 shares during the quarter. GE Aerospace comprises 0.5% of Amalgamated Bank’s portfolio, making the stock its 27th biggest holding. Amalgamated Bank’s holdings in GE Aerospace were worth $60,476,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Old North State Wealth Management LLC increased its holdings in shares of GE Aerospace by 1.9% during the 2nd quarter. Old North State Wealth Management LLC now owns 2,101 shares of the company’s stock worth $542,000 after acquiring an additional 39 shares during the last quarter. Stephens Consulting LLC increased its holdings in shares of GE Aerospace by 18.0% during the 2nd quarter. Stephens Consulting LLC now owns 256 shares of the company’s stock worth $66,000 after acquiring an additional 39 shares during the last quarter. Webster Bank N. A. increased its holdings in shares of GE Aerospace by 2.1% during the 2nd quarter. Webster Bank N. A. now owns 1,970 shares of the company’s stock worth $507,000 after acquiring an additional 41 shares during the last quarter. Pacific Sage Partners LLC grew its holdings in GE Aerospace by 3.5% in the 2nd quarter. Pacific Sage Partners LLC now owns 1,220 shares of the company’s stock valued at $314,000 after buying an additional 41 shares in the last quarter. Finally, Ascent Capital Management LLC grew its holdings in GE Aerospace by 1.9% in the 2nd quarter. Ascent Capital Management LLC now owns 2,273 shares of the company’s stock valued at $585,000 after buying an additional 42 shares in the last quarter. 74.77% of the stock is owned by institutional investors and hedge funds.

GE Aerospace Price Performance

Shares of GE stock opened at $313.92 on Thursday. The company has a quick ratio of 0.76, a current ratio of 1.08 and a debt-to-equity ratio of 0.99. GE Aerospace has a twelve month low of $159.36 and a twelve month high of $316.67. The company has a market cap of $331.13 billion, a P/E ratio of 41.91, a P/E/G ratio of 3.04 and a beta of 1.49. The business has a fifty day simple moving average of $291.90 and a 200 day simple moving average of $258.52.

GE Aerospace (NYSE:GE) last announced its quarterly earnings data on Tuesday, October 21st. The company reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.20. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.The business had revenue of $11.31 billion during the quarter, compared to the consensus estimate of $10.29 billion. During the same period in the prior year, the company earned $1.15 EPS. GE Aerospace’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, sell-side analysts forecast that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 27th. Investors of record on Monday, September 29th were given 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 was Monday, September 29th. GE Aerospace’s dividend payout ratio is currently 19.23%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. JPMorgan Chase & Co. upped their price objective on GE Aerospace from $275.00 to $325.00 and gave the company an “overweight” rating in a report on Monday. Wells Fargo & Company upped their price objective on GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Zacks Research lowered GE Aerospace from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. Bank of America upped their target price on GE Aerospace from $310.00 to $365.00 and gave the company a “buy” rating in a research report on Monday. Finally, Wall Street Zen upgraded GE Aerospace from a “hold” rating to a “buy” rating in a research report on Saturday, October 25th. Fifteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $301.27.

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.