Country Club Bank Has $720,000 Holdings in GE Aerospace $GE

Country Club Bank increased its stake in shares of GE Aerospace (NYSE:GE) by 3.4% during the 2nd quarter, Holdings Channel reports. The fund owned 2,830 shares of the company’s stock after acquiring an additional 93 shares during the period. Country Club Bank’s holdings in GE Aerospace were worth $720,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. New England Professional Planning Group Inc. bought a new position in shares of GE Aerospace in the second quarter valued at $255,000. Seamount Financial Group Inc. bought a new position in shares of GE Aerospace during the second quarter valued at about $213,000. Bennett Associates Wealth Management purchased a new stake in GE Aerospace during the second quarter worth about $332,000. SteelPeak Wealth LLC increased its holdings in GE Aerospace by 202.2% during the second quarter. SteelPeak Wealth LLC now owns 8,735 shares of the company’s stock worth $2,248,000 after buying an additional 5,845 shares during the last quarter. Finally, Drake & Associates LLC increased its holdings in GE Aerospace by 3.1% during the second quarter. Drake & Associates LLC now owns 5,172 shares of the company’s stock worth $1,331,000 after buying an additional 156 shares during the last quarter. 74.77% of the stock is owned by institutional investors.

GE Aerospace Stock Performance

Shares of GE stock opened at $302.12 on Wednesday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.73 and a current ratio of 1.04. The company has a market capitalization of $320.37 billion, a price-to-earnings ratio of 42.14, a price-to-earnings-growth ratio of 3.21 and a beta of 1.49. The company’s 50-day moving average is $281.84 and its 200 day moving average is $245.55. GE Aerospace has a one year low of $159.36 and a one year high of $307.25.

GE Aerospace (NYSE:GE) last posted its earnings results 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 business had revenue of $10.15 billion for the quarter, compared to analysts’ expectations of $9.49 billion. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The business’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.20 EPS. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Sell-side analysts expect that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Monday, September 29th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Monday, September 29th. GE Aerospace’s dividend payout ratio is 20.08%.

Analyst Upgrades and Downgrades

GE has been the subject of several recent research reports. Wall Street Zen downgraded shares of GE Aerospace from a “buy” rating to a “hold” rating in a research note on Sunday, September 21st. Wells Fargo & Company lifted their target price on shares of GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. Citigroup restated a “buy” rating and issued a $296.00 price objective (up from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Barclays boosted their price objective on shares of GE Aerospace from $230.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. Finally, UBS Group lifted their target price on shares of GE Aerospace from $300.00 to $321.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. Twelve investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, GE Aerospace has an average rating of “Moderate Buy” and an average target price of $241.92.

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.