Slocum Gordon & Co LLP Sells 2,012 Shares of GE Aerospace $GE

Slocum Gordon & Co LLP lowered its stake in shares of GE Aerospace (NYSE:GE) by 17.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,446 shares of the company’s stock after selling 2,012 shares during the period. GE Aerospace accounts for about 2.0% of Slocum Gordon & Co LLP’s investment portfolio, making the stock its 18th biggest holding. Slocum Gordon & Co LLP’s holdings in GE Aerospace were worth $2,431,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in the stock. Ameriflex Group Inc. lifted its position in GE Aerospace by 23.5% during the second quarter. Ameriflex Group Inc. now owns 1,742 shares of the company’s stock valued at $437,000 after purchasing an additional 331 shares during the period. Smartleaf Asset Management LLC raised its stake in shares of GE Aerospace by 17.1% during the 1st quarter. Smartleaf Asset Management LLC now owns 8,241 shares of the company’s stock valued at $1,647,000 after buying an additional 1,201 shares during the last quarter. Police & Firemen s Retirement System of New Jersey lifted its holdings in shares of GE Aerospace by 1.8% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 159,682 shares of the company’s stock valued at $41,101,000 after buying an additional 2,779 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of GE Aerospace by 7.0% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 182,120 shares of the company’s stock worth $46,876,000 after buying an additional 11,873 shares during the last quarter. Finally, Vigilare Wealth Management acquired a new stake in GE Aerospace during the second quarter worth about $627,000. 74.77% of the stock is owned by institutional investors.

Insider Activity at GE Aerospace

In related news, SVP Russell Stokes sold 8,000 shares of the stock in a transaction on 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 completion of the transaction, the senior vice president directly owned 150,434 shares of the company’s stock, valued at approximately $44,785,706.14. This represents a 5.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.21% of the company’s stock.

Analyst Ratings Changes

GE has been the subject of a number of analyst reports. BNP Paribas Exane assumed coverage on GE Aerospace in a report on Tuesday, November 18th. They issued an “underperform” rating for the company. Bank of America increased their price target on shares of GE Aerospace from $310.00 to $365.00 and gave the stock a “buy” rating in a report on Monday, October 27th. BNP Paribas raised shares of GE Aerospace to a “strong sell” rating in a report on Tuesday, November 18th. Wolfe Research upped their price objective on shares of GE Aerospace from $280.00 to $330.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. Finally, Royal Bank Of Canada raised their target price on GE Aerospace from $300.00 to $340.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. Sixteen investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $309.94.

GE Aerospace Stock Performance

GE opened at $300.23 on Friday. The firm’s fifty day simple moving average is $299.55 and its two-hundred day simple moving average is $278.24. 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 $316.69 billion, a price-to-earnings ratio of 40.08, a PEG ratio of 2.33 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.

GE Aerospace (NYSE:GE) last released its quarterly earnings results on Tuesday, October 21st. The company reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.20. The firm 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 quarter in the prior year, the firm earned $1.15 EPS. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. Equities analysts anticipate 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, January 26th. Stockholders of record on Monday, December 29th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Monday, December 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. GE Aerospace’s payout ratio is currently 19.23%.

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.