Field & Main Bank Reduces Stock Holdings in GE Aerospace $GE

Field & Main Bank cut its holdings in GE Aerospace (NYSE:GE) by 1.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,420 shares of the company’s stock after selling 60 shares during the period. Field & Main Bank’s holdings in GE Aerospace were worth $1,395,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. IMG Wealth Management Inc. lifted its holdings in shares of GE Aerospace by 113.5% in the second quarter. IMG Wealth Management Inc. now owns 111 shares of the company’s stock valued at $29,000 after purchasing an additional 59 shares in the last quarter. IMA Advisory Services Inc. purchased a new stake in GE Aerospace in the 1st quarter valued at approximately $28,000. Nova Wealth Management Inc. acquired a new stake in GE Aerospace during the 1st quarter valued at $29,000. Wealth Preservation Advisors LLC acquired a new position in shares of GE Aerospace in the first quarter worth $30,000. Finally, O Brien Wealth Partners LLC acquired a new position in shares of GE Aerospace in the first quarter worth $33,000. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

GE Aerospace Price Performance

GE stock opened at $313.92 on Thursday. The firm has a market cap of $331.13 billion, a P/E ratio of 41.91, a price-to-earnings-growth ratio of 3.04 and a beta of 1.49. GE Aerospace has a 1 year low of $159.36 and a 1 year high of $316.67. The stock has a 50-day simple moving average of $291.90 and a 200-day simple moving average of $258.52. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.76 and a current ratio of 1.08.

GE Aerospace (NYSE:GE) last posted its earnings results on Tuesday, October 21st. The company reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.20. GE Aerospace had a net margin of 18.34% and a return on equity of 34.01%. The business had revenue of $11.31 billion for the quarter, compared to analysts’ expectations of $10.29 billion. During the same period in the previous year, the company posted $1.15 earnings per share. The business’s revenue for the quarter was up 26.4% compared to the same quarter last year. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. On average, equities analysts predict that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, October 27th. Investors of record on Monday, September 29th were issued a $0.36 dividend. The ex-dividend date of this dividend was 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%.

Analyst Ratings Changes

A number of research firms recently commented on GE. Jefferies Financial Group lifted their price objective on GE Aerospace from $320.00 to $350.00 and gave the stock a “buy” rating in a research report on Monday, September 22nd. Wells Fargo & Company boosted their target price on shares of GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Wolfe Research increased 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. Zacks Research downgraded GE Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. Finally, UBS Group set a $366.00 price objective on GE Aerospace and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Fifteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, GE Aerospace presently has a consensus rating of “Moderate Buy” and a consensus target price of $301.27.

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.