GE Aerospace $GE Shares Sold by Southern Capital Advisors LLC

Southern Capital Advisors LLC lowered its stake in shares of GE Aerospace (NYSE:GE) by 1.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,981 shares of the company’s stock after selling 146 shares during the quarter. GE Aerospace accounts for about 1.1% of Southern Capital Advisors LLC’s portfolio, making the stock its 23rd largest position. Southern Capital Advisors LLC’s holdings in GE Aerospace were worth $2,054,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GE. Swisher Financial Concepts Inc. grew its stake in GE Aerospace by 120.5% during the 2nd quarter. Swisher Financial Concepts Inc. now owns 2,840 shares of the company’s stock worth $731,000 after purchasing an additional 1,552 shares in the last quarter. MontVue Capital Management Inc. purchased a new position in shares of GE Aerospace in the 2nd quarter valued at about $223,000. Beaumont Financial Advisors LLC grew its position in shares of GE Aerospace by 2.2% during the second quarter. Beaumont Financial Advisors LLC now owns 2,966 shares of the company’s stock worth $763,000 after buying an additional 64 shares in the last quarter. Strategic Investment Solutions Inc. IL increased its stake in shares of GE Aerospace by 141.0% during the second quarter. Strategic Investment Solutions Inc. IL now owns 2,579 shares of the company’s stock worth $664,000 after buying an additional 1,509 shares during the period. Finally, EdgeRock Capital LLC purchased a new stake in shares of GE Aerospace during the second quarter worth approximately $217,000. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

GE Aerospace Trading Down 1.1%

NYSE GE opened at $297.12 on Friday. The firm’s fifty day moving average price is $276.63 and its 200 day moving average price is $239.75. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $307.25. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.04 and a quick ratio of 0.73. The company has a market capitalization of $315.08 billion, a price-to-earnings ratio of 41.44, a price-to-earnings-growth ratio of 3.23 and a beta of 1.48.

GE Aerospace (NYSE:GE) last released its quarterly earnings data on Thursday, July 17th. The company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.23. The company had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $9.49 billion. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. GE Aerospace’s revenue for the quarter was up 21.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.20 earnings per share. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. On average, sell-side analysts expect that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Monday, September 29th will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Monday, September 29th. GE Aerospace’s dividend payout ratio (DPR) is currently 20.08%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on GE shares. Wall Street Zen downgraded shares of GE Aerospace from a “buy” rating to a “hold” rating in a research note on Sunday, September 21st. Royal Bank Of Canada lifted their price objective on shares of GE Aerospace from $275.00 to $300.00 and gave the stock an “outperform” rating in a research report on Friday, July 18th. Barclays boosted their target price on shares of GE Aerospace from $230.00 to $295.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 23rd. Sanford C. Bernstein restated an “outperform” rating on shares of GE Aerospace in a research note on Friday, August 15th. Finally, Citigroup reaffirmed a “buy” rating and set a $296.00 price objective (up from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. Eleven investment analysts have rated the stock with a Buy rating and one has assigned a Hold 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 $241.92.

GE Aerospace 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.