Titleist Asset Management LLC Buys Shares of 847 GE Aerospace $GE

Titleist Asset Management LLC purchased a new position in shares of GE Aerospace (NYSE:GE) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 847 shares of the company’s stock, valued at approximately $218,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in GE. GQG Partners LLC purchased a new position in shares of GE Aerospace in the first quarter worth about $1,606,840,000. Nuveen LLC purchased a new position in GE Aerospace in the 1st quarter valued at approximately $777,075,000. Amundi raised its holdings in 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 acquiring an additional 1,771,944 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of GE Aerospace by 6.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 25,131,285 shares of the company’s stock worth $5,030,028,000 after acquiring an additional 1,492,486 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of GE Aerospace by 1.6% in the second quarter. Vanguard Group Inc. now owns 91,989,511 shares of the company’s stock worth $23,677,180,000 after acquiring an additional 1,482,069 shares during the period. 74.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $350.00 price objective on shares of GE Aerospace in a research note on Wednesday, October 8th. TD Cowen upped their price target on GE Aerospace from $300.00 to $330.00 and gave the company a “buy” rating in a research report on Tuesday, October 7th. The Goldman Sachs Group raised their price objective on shares of GE Aerospace from $271.00 to $305.00 and gave the company a “buy” rating in a research report on Friday, October 10th. UBS Group set a $366.00 price objective on shares of GE Aerospace and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of GE Aerospace in a report on Monday, October 27th. Fifteen investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, GE Aerospace presently has an average rating of “Moderate Buy” and an average target price of $301.27.

Insider Activity

In other news, SVP Russell Stokes sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $297.71, for a total transaction of $2,381,680.00. Following the transaction, the senior vice president directly owned 150,434 shares of the company’s stock, valued at approximately $44,785,706.14. This trade represents a 5.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.21% of the company’s stock.

GE Aerospace Price Performance

GE opened at $294.20 on Tuesday. The company has a current ratio of 1.08, a quick ratio of 0.76 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $310.33 billion, a P/E ratio of 39.28, a PEG ratio of 3.09 and a beta of 1.56. The stock has a 50-day moving average price of $301.60 and a 200-day moving average price of $272.50. GE Aerospace has a 12-month low of $159.36 and a 12-month high of $316.67.

GE Aerospace (NYSE:GE) last issued its earnings results on Tuesday, October 21st. The company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.20. The business had revenue of $11.31 billion during the quarter, compared to analyst estimates of $10.29 billion. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.GE Aerospace’s revenue for the quarter was up 26.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.15 earnings per share. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. 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. Shareholders of record on Monday, September 29th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 0.5%. The ex-dividend date was Monday, September 29th. GE Aerospace’s dividend payout ratio is presently 19.23%.

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.