GE Aerospace (NYSE:GE) SVP Russell Stokes Sells 8,000 Shares

GE Aerospace (NYSE:GE) SVP Russell Stokes sold 8,000 shares of the company’s 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 transaction, the senior vice president directly owned 150,434 shares in the company, 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.

GE Aerospace Price Performance

GE stock traded down $9.73 during trading on Thursday, reaching $291.09. 3,722,157 shares of the company were exchanged, compared to its average volume of 5,410,241. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.76 and a current ratio of 1.08. The stock’s 50 day moving average price is $301.15 and its 200 day moving average price is $270.39. GE Aerospace has a 52-week low of $159.36 and a 52-week high of $316.67. The company has a market cap of $307.05 billion, a P/E ratio of 38.86, a PEG ratio of 3.09 and a beta of 1.56.

GE Aerospace (NYSE:GE) last posted its quarterly earnings results on Tuesday, October 21st. The company reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.20. The company had revenue of $11.31 billion during the quarter, compared to the consensus estimate of $10.29 billion. GE Aerospace had a net margin of 18.34% and a return on equity of 34.01%. The company’s revenue for the quarter was up 26.4% on a year-over-year basis. During the same period last year, the firm earned $1.15 EPS. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. As a group, analysts predict 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 was paid on Monday, October 27th. Stockholders of record on Monday, September 29th were given a $0.36 dividend. The ex-dividend date was Monday, September 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. GE Aerospace’s dividend payout ratio (DPR) is currently 19.23%.

Wall Street Analyst Weigh In

GE has been the topic of several recent research reports. 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 research report on Wednesday, July 23rd. The Goldman Sachs Group upped their price target on shares of GE Aerospace from $271.00 to $305.00 and gave the company a “buy” rating in a report on Friday, October 10th. Royal Bank Of Canada increased their price target on shares of GE Aerospace from $300.00 to $340.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. Jefferies Financial Group lifted their price objective on GE Aerospace from $320.00 to $350.00 and gave the stock a “buy” rating in a research report on Monday, September 22nd. Finally, JPMorgan Chase & Co. upped their target price on GE Aerospace from $275.00 to $325.00 and gave the company an “overweight” rating in a research note on Monday, October 27th. Fifteen equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, GE Aerospace has an average rating of “Moderate Buy” and a consensus price target of $301.27.

Hedge Funds Weigh In On GE Aerospace

Several institutional investors and hedge funds have recently modified their holdings of GE. Centaurus Financial Inc. boosted its position in GE Aerospace by 6.9% during the third quarter. Centaurus Financial Inc. now owns 12,204 shares of the company’s stock worth $3,671,000 after acquiring an additional 790 shares during the last quarter. Caerus Investment Advisors LLC purchased a new position in shares of GE Aerospace during the 3rd quarter worth $1,145,000. First Commonwealth Financial Corp PA boosted its holdings in shares of GE Aerospace by 2.2% during the third quarter. First Commonwealth Financial Corp PA now owns 1,694 shares of the company’s stock worth $509,000 after purchasing an additional 37 shares during the last quarter. Sunbelt Securities Inc. boosted its holdings in shares of GE Aerospace by 14.3% during the third quarter. Sunbelt Securities Inc. now owns 5,162 shares of the company’s stock worth $1,553,000 after purchasing an additional 646 shares during the last quarter. Finally, Captrust Financial Advisors grew its position in shares of GE Aerospace by 4.1% in the third quarter. Captrust Financial Advisors now owns 96,022 shares of the company’s stock valued at $28,885,000 after purchasing an additional 3,822 shares during the period. Hedge funds and other institutional investors own 74.77% of the company’s stock.

About GE Aerospace

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.