GE Aerospace $GE Shares Purchased by Quadrant Capital Group LLC

Quadrant Capital Group LLC grew its stake in shares of GE Aerospace (NYSE:GE) by 15.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,553 shares of the company’s stock after acquiring an additional 3,769 shares during the period. Quadrant Capital Group LLC’s holdings in GE Aerospace were worth $7,349,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Brighton Jones LLC grew its position in shares of GE Aerospace by 25.3% in the 4th quarter. Brighton Jones LLC now owns 12,008 shares of the company’s stock worth $2,003,000 after acquiring an additional 2,421 shares in the last quarter. Revolve Wealth Partners LLC grew its position in shares of GE Aerospace by 7.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company’s stock valued at $375,000 after buying an additional 150 shares during the last quarter. Prosperity Consulting Group LLC boosted its stake in GE Aerospace by 2.7% in the first quarter. Prosperity Consulting Group LLC now owns 2,407 shares of the company’s stock valued at $482,000 after acquiring an additional 63 shares during the period. Norden Group LLC grew its holdings in shares of GE Aerospace by 5.5% during the first quarter. Norden Group LLC now owns 2,374 shares of the company’s stock valued at $475,000 after purchasing an additional 124 shares during the last quarter. Finally, Marco Investment Management LLC bought a new position in shares of GE Aerospace during the first quarter valued at approximately $235,000. Institutional investors own 74.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on GE. BNP Paribas Exane initiated coverage on GE Aerospace in a report on Tuesday, November 18th. They issued an “underperform” rating on the stock. Zacks Research cut GE Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. Royal Bank Of Canada upped their price target on shares of GE Aerospace from $300.00 to $340.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. Wall Street Zen cut shares of GE Aerospace from a “buy” rating to a “hold” rating in a research report on Saturday, November 22nd. 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 report on Thursday, October 9th. Fifteen research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $301.27.

Insider Activity

In related news, SVP Russell Stokes sold 8,000 shares of GE Aerospace stock in a transaction on 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 completion of the sale, the senior vice president 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.21% of the company’s stock.

GE Aerospace Stock Performance

Shares of GE Aerospace stock opened at $296.94 on Thursday. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $316.67. The company has a quick ratio of 0.76, a current ratio of 1.08 and a debt-to-equity ratio of 0.99. The stock has a market cap of $313.22 billion, a PE ratio of 39.65, a price-to-earnings-growth ratio of 3.09 and a beta of 1.56. The business has a fifty day simple moving average of $301.75 and a 200-day simple moving average of $273.22.

GE Aerospace (NYSE:GE) last announced its quarterly earnings data on Tuesday, October 21st. The company reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.20. The firm 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%.The business’s quarterly revenue was up 26.4% compared to the same quarter last year. During the same period last year, the company posted $1.15 EPS. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. On average, sell-side analysts anticipate that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, October 27th. Stockholders of record on Monday, September 29th were issued 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 payout ratio is currently 19.23%.

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.