Elwood Capital Partners LP Has $1.58 Million Stock Holdings in GE Aerospace $GE

Elwood Capital Partners LP decreased its stake in GE Aerospace (NYSE:GE) by 60.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,152 shares of the company’s stock after selling 9,250 shares during the quarter. GE Aerospace makes up about 1.2% of Elwood Capital Partners LP’s holdings, making the stock its 16th biggest position. Elwood Capital Partners LP’s holdings in GE Aerospace were worth $1,583,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Brighton Jones LLC boosted its position in GE Aerospace by 25.3% during the fourth quarter. Brighton Jones LLC now owns 12,008 shares of the company’s stock valued at $2,003,000 after purchasing an additional 2,421 shares during the last quarter. Revolve Wealth Partners LLC increased its position in GE Aerospace by 7.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company’s stock worth $375,000 after purchasing an additional 150 shares during the last quarter. Vestmark Advisory Solutions Inc. raised its stake in shares of GE Aerospace by 137.5% during the 1st quarter. Vestmark Advisory Solutions Inc. now owns 4,092 shares of the company’s stock worth $819,000 after purchasing an additional 2,369 shares in the last quarter. Kovitz Investment Group Partners LLC raised its stake in shares of GE Aerospace by 311.4% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 76,592 shares of the company’s stock worth $15,330,000 after purchasing an additional 57,973 shares in the last quarter. Finally, Trivium Point Advisory LLC lifted its holdings in shares of GE Aerospace by 29.8% during the 1st quarter. Trivium Point Advisory LLC now owns 3,276 shares of the company’s stock valued at $656,000 after buying an additional 753 shares during the last quarter. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

GE has been the topic of a number of research reports. Jefferies Financial Group increased their price objective on GE Aerospace from $320.00 to $350.00 and gave the stock a “buy” rating in a report on Monday, September 22nd. Royal Bank Of Canada boosted their target price on shares of GE Aerospace from $300.00 to $340.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. UBS Group set a $366.00 price target on shares of GE Aerospace and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. BNP Paribas Exane started coverage on shares of GE Aerospace in a report on Tuesday, November 18th. They set an “underperform” rating on the stock. Finally, JPMorgan Chase & Co. upped their price objective on shares of GE Aerospace from $275.00 to $325.00 and gave the stock an “overweight” rating in a report on Monday, October 27th. Sixteen investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $309.94.

GE Aerospace Trading Up 4.1%

Shares of GE stock opened at $300.23 on Friday. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $316.67. The company has a market cap of $316.69 billion, a PE ratio of 40.08, a price-to-earnings-growth ratio of 2.24 and a beta of 1.40. 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’s 50 day moving average is $299.55 and its two-hundred day moving average is $277.98.

GE Aerospace (NYSE:GE) last issued its quarterly earnings data on Tuesday, October 21st. The company reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.20. GE Aerospace had a net margin of 18.34% and a return on equity of 34.01%. The business had revenue of $11.31 billion during the quarter, compared to analysts’ expectations of $10.29 billion. During the same period in the previous year, the company earned $1.15 earnings per share. GE Aerospace’s revenue for the quarter was up 26.4% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. Equities analysts predict that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 26th. Stockholders of record on Monday, December 29th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, December 29th. GE Aerospace’s dividend payout ratio (DPR) is currently 19.23%.

Insider Activity at GE Aerospace

In other news, SVP Russell Stokes sold 8,000 shares of GE Aerospace stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $297.71, for a total value 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. The trade was a 5.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.21% 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.