GE Aerospace $GE Shares Sold by Rossby Financial LCC

Rossby Financial LCC lessened its holdings in shares of GE Aerospace (NYSE:GE) by 64.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 312 shares of the company’s stock after selling 557 shares during the quarter. Rossby Financial LCC’s holdings in GE Aerospace were worth $80,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of GE. IMA Advisory Services Inc. acquired a new stake in GE Aerospace during the 1st quarter valued at approximately $28,000. Nova Wealth Management Inc. bought a new position in GE Aerospace during the 1st quarter worth approximately $29,000. IMG Wealth Management Inc. lifted its holdings in GE Aerospace by 113.5% during the 2nd quarter. IMG Wealth Management Inc. now owns 111 shares of the company’s stock worth $29,000 after buying an additional 59 shares during the last quarter. Wealth Preservation Advisors LLC bought a new position in GE Aerospace during the 1st quarter worth approximately $30,000. Finally, O Brien Wealth Partners LLC bought a new position in GE Aerospace during the 1st quarter worth approximately $33,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on GE shares. Jefferies Financial Group increased their target price on GE Aerospace from $320.00 to $350.00 and gave the stock a “buy” rating in a report on Monday, September 22nd. JPMorgan Chase & Co. raised their price target on GE Aerospace from $275.00 to $325.00 and gave the stock an “overweight” rating in a report on Monday. Wall Street Zen raised GE Aerospace from a “hold” rating to a “buy” rating in a report on Saturday, October 25th. The Goldman Sachs Group raised their price target on GE Aerospace from $271.00 to $305.00 and gave the stock a “buy” rating in a report on Friday, October 10th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of GE Aerospace in a report on Monday. Fifteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, GE Aerospace has a consensus rating of “Moderate Buy” and a consensus target price of $301.27.

GE Aerospace Trading Up 1.3%

NYSE:GE opened at $313.92 on Thursday. GE Aerospace has a 1 year low of $159.36 and a 1 year high of $316.67. The stock has a market cap of $331.13 billion, a price-to-earnings ratio of 41.91, a PEG ratio of 3.04 and a beta of 1.49. The business has a fifty day moving average of $291.90 and a 200-day 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 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 company had revenue of $11.31 billion for the quarter, compared to the consensus estimate of $10.29 billion. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.The company’s quarterly revenue was up 26.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.15 EPS. 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 year.

GE Aerospace Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, October 27th. Stockholders of record on Monday, September 29th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Monday, September 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. GE Aerospace’s payout ratio is 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.