Arrow Financial Corp reduced its holdings in shares of GE Aerospace (NYSE:GE – Free Report) by 2.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,119 shares of the company’s stock after selling 65 shares during the quarter. Arrow Financial Corp’s holdings in GE Aerospace were worth $624,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Norges Bank bought a new position in shares of GE Aerospace in the 4th quarter worth $2,375,439,000. GAMMA Investing LLC boosted its stake in shares of GE Aerospace by 23,611.7% in the 1st quarter. GAMMA Investing LLC now owns 5,065,997 shares of the company’s stock valued at $1,013,959,000 after purchasing an additional 5,044,632 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of GE Aerospace by 87.7% in the 4th quarter. Janus Henderson Group PLC now owns 3,581,799 shares of the company’s stock valued at $597,412,000 after purchasing an additional 1,673,365 shares in the last quarter. Invesco Ltd. boosted its stake in shares of GE Aerospace by 14.4% in the 4th quarter. Invesco Ltd. now owns 9,544,757 shares of the company’s stock valued at $1,591,970,000 after purchasing an additional 1,204,910 shares in the last quarter. Finally, FMR LLC boosted its stake in shares of GE Aerospace by 1.5% in the 4th quarter. FMR LLC now owns 66,823,968 shares of the company’s stock valued at $11,145,570,000 after purchasing an additional 965,012 shares in the last quarter. 74.77% of the stock is currently owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other news, VP Robert M. Giglietti sold 4,104 shares of the company’s stock in a transaction dated Thursday, April 24th. The stock was sold at an average price of $196.73, for a total transaction of $807,379.92. Following the completion of the sale, the vice president owned 11,540 shares in the company, valued at approximately $2,270,264.20. This represents a 26.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Mohamed Ali sold 1,602 shares of the business’s stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $200.67, for a total value of $321,473.34. Following the transaction, the senior vice president directly owned 8,805 shares of the company’s stock, valued at $1,766,899.35. This represents a 15.39% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.21% of the company’s stock.
Analyst Ratings Changes
View Our Latest Research Report on GE Aerospace
GE Aerospace Price Performance
GE stock opened at $260.62 on Monday. The company has a market capitalization of $277.92 billion, a PE ratio of 36.36, a P/E/G ratio of 3.05 and a beta of 1.37. The stock’s 50 day moving average is $244.37 and its two-hundred day moving average is $212.37. The company has a quick ratio of 0.73, a current ratio of 1.04 and a debt-to-equity ratio of 0.88. GE Aerospace has a 52-week low of $150.20 and a 52-week high of $272.80.
GE Aerospace (NYSE:GE – Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The company reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.23. The company had revenue of $10.15 billion for the quarter, compared to the consensus estimate of $9.49 billion. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%. The company’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.20 EPS. Analysts predict that GE Aerospace will post 5.4 earnings per share for the current fiscal year.
GE Aerospace Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Monday, July 7th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.55%. GE Aerospace’s dividend payout ratio is 20.08%.
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.
Featured Stories
- Five stocks we like better than GE Aerospace
- How to Evaluate a Stock Before Buying
- Q2 Could Be the Catalyst PayPal Investors Have Been Waiting For
- Industrial Products Stocks Investing
- 3 Stocks Offering Diversification in Trump’s Tariff & Trade Reset
- 3 Stocks to Consider Buying in October
- Iron Mountain Down 23% From Its 1-Year High—Is It Undervalued?
Want to see what other hedge funds are holding GE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GE Aerospace (NYSE:GE – Free Report).
Receive News & Ratings for GE Aerospace Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GE Aerospace and related companies with MarketBeat.com's FREE daily email newsletter.