Sanders Morris Harris LLC Boosts Stock Position in GE Aerospace $GE

Sanders Morris Harris LLC boosted its position in GE Aerospace (NYSE:GE) by 513.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,973 shares of the company’s stock after purchasing an additional 6,674 shares during the quarter. Sanders Morris Harris LLC’s holdings in GE Aerospace were worth $2,398,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Mirador Capital Partners LP raised its stake in shares of GE Aerospace by 110.9% during the 3rd quarter. Mirador Capital Partners LP now owns 3,671 shares of the company’s stock worth $1,104,000 after acquiring an additional 1,930 shares in the last quarter. Oak Thistle LLC increased its position in GE Aerospace by 5.9% during the 3rd quarter. Oak Thistle LLC now owns 9,423 shares of the company’s stock valued at $2,835,000 after buying an additional 528 shares in the last quarter. Old Port Advisors boosted its holdings in GE Aerospace by 2.4% in the third quarter. Old Port Advisors now owns 5,612 shares of the company’s stock worth $1,688,000 after acquiring an additional 129 shares in the last quarter. Fragasso Financial Advisors Inc grew its stake in shares of GE Aerospace by 56.5% during the third quarter. Fragasso Financial Advisors Inc now owns 1,987 shares of the company’s stock worth $590,000 after acquiring an additional 717 shares during the last quarter. Finally, Heartwood Wealth Advisors LLC acquired a new position in shares of GE Aerospace during the third quarter valued at about $251,000. 74.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

GE has been the topic of several research analyst reports. Bank of America boosted their target price on shares of GE Aerospace from $310.00 to $365.00 and gave the stock a “buy” rating in a research report on Monday, October 27th. BNP Paribas raised GE Aerospace to a “strong sell” rating in a research report on Tuesday, November 18th. Zacks Research cut GE Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $350.00 price target on shares of GE Aerospace in a research note on Wednesday, October 8th. Finally, Susquehanna started coverage on GE Aerospace in a research note on Thursday, December 4th. They issued a “positive” rating and a $350.00 price objective for the company. Sixteen investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, GE Aerospace has an average rating of “Moderate Buy” and an average target price of $309.94.

GE Aerospace Trading Down 0.6%

Shares of GE stock opened at $299.22 on Wednesday. GE Aerospace has a fifty-two week low of $159.36 and a fifty-two week high of $316.67. 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 fifty day moving average is $299.56 and its two-hundred day moving average is $279.26. The firm has a market capitalization of $315.62 billion, a P/E ratio of 39.95, a PEG ratio of 2.32 and a beta of 1.40.

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

GE Aerospace Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 26th. Shareholders of record on Monday, December 29th will be issued a $0.36 dividend. The ex-dividend date is Monday, December 29th. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. GE Aerospace’s dividend payout ratio is presently 19.23%.

Insiders Place Their Bets

In other news, SVP Russell Stokes sold 8,000 shares of the business’s stock in a transaction that occurred 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 $44,785,706.14. The trade was a 5.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.21% of the stock is owned by company insiders.

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.