Volterra Technologies LP Invests $628,000 in GE Aerospace $GE

Volterra Technologies LP bought a new position in GE Aerospace (NYSE:GE) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 2,438 shares of the company’s stock, valued at approximately $628,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Bare Financial Services Inc lifted its position in shares of GE Aerospace by 81.1% during the 2nd quarter. Bare Financial Services Inc now owns 96 shares of the company’s stock valued at $25,000 after buying an additional 43 shares in the last quarter. IMG Wealth Management Inc. lifted its holdings in GE Aerospace by 113.5% during the second quarter. IMG Wealth Management Inc. now owns 111 shares of the company’s stock valued at $29,000 after purchasing an additional 59 shares in the last quarter. Nova Wealth Management Inc. bought a new position in shares of GE Aerospace in the first quarter worth approximately $29,000. Wealth Preservation Advisors LLC bought a new position in shares of GE Aerospace in the first quarter worth approximately $30,000. Finally, Kilter Group LLC purchased a new stake in shares of GE Aerospace in the second quarter worth $40,000. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at GE Aerospace

In related news, SVP Russell Stokes sold 8,000 shares of the business’s stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $297.71, for a total value of $2,381,680.00. Following the sale, the senior vice president owned 150,434 shares in the company, valued at approximately $44,785,706.14. The trade was a 5.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.21% of the company’s stock.

GE Aerospace Trading Down 0.6%

Shares of GE Aerospace stock opened at $283.57 on Thursday. GE Aerospace has a twelve month low of $159.36 and a twelve month high of $316.67. The company has a quick ratio of 0.76, a current ratio of 1.08 and a debt-to-equity ratio of 0.99. The business has a 50-day moving average price of $299.71 and a 200-day moving average price of $277.44. The firm has a market cap of $299.11 billion, a price-to-earnings ratio of 37.86, a PEG ratio of 2.22 and a beta of 1.40.

GE Aerospace (NYSE:GE) last posted its earnings results 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 firm’s revenue for the quarter was up 26.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.15 earnings per share. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. Equities research analysts anticipate that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, January 26th. Stockholders of record on Monday, December 29th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Monday, December 29th. GE Aerospace’s dividend payout ratio is currently 19.23%.

Analyst Ratings Changes

A number of research analysts recently weighed in on GE shares. Bank of America lifted their target price on shares of GE Aerospace from $310.00 to $365.00 and gave the company a “buy” rating in a research note on Monday, October 27th. Sanford C. Bernstein restated an “outperform” rating on shares of GE Aerospace in a research report on Monday, October 27th. TD Cowen upped their price objective on GE Aerospace from $300.00 to $330.00 and gave the stock a “buy” rating in a research note on Tuesday, October 7th. Wall Street Zen downgraded GE Aerospace from a “buy” rating to a “hold” rating in a research note on Saturday, November 22nd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of GE Aerospace in a report on Wednesday, October 8th. Sixteen 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 company’s stock. Based on data from MarketBeat.com, GE Aerospace presently has a consensus rating of “Moderate Buy” and a consensus target price of $304.31.

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.