GE Aerospace $GE Shares Sold by RDA Financial Network

RDA Financial Network lowered its position in GE Aerospace (NYSE:GE) by 21.7% in the third quarter, Holdings Channel.com reports. The institutional investor owned 7,266 shares of the company’s stock after selling 2,014 shares during the period. RDA Financial Network’s holdings in GE Aerospace were worth $2,186,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Bare Financial Services Inc raised its position in GE Aerospace by 81.1% in the 2nd quarter. Bare Financial Services Inc now owns 96 shares of the company’s stock valued at $25,000 after purchasing an additional 43 shares during the last quarter. Lavaca Capital LLC raised its holdings in shares of GE Aerospace by 1,666.7% in the second quarter. Lavaca Capital LLC now owns 106 shares of the company’s stock valued at $27,000 after buying an additional 100 shares during the last quarter. Nova Wealth Management Inc. acquired a new stake in shares of GE Aerospace during the first quarter worth about $29,000. IMG Wealth Management Inc. increased its position in GE Aerospace by 113.5% in the 2nd quarter. IMG Wealth Management Inc. now owns 111 shares of the company’s stock valued at $29,000 after acquiring an additional 59 shares during the period. Finally, Wealth Preservation Advisors LLC purchased a new stake in GE Aerospace during the 1st quarter valued at approximately $30,000. 74.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Citigroup assumed coverage on GE Aerospace in a research note on Thursday, December 11th. They issued a “buy” rating and a $386.00 target price on the stock. BNP Paribas Exane started coverage on shares of GE Aerospace in a research report on Tuesday, November 18th. They issued an “underperform” rating on the stock. UBS Group set a $366.00 price objective on shares of GE Aerospace and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $350.00 target price on shares of GE Aerospace in a report on Wednesday, October 8th. Finally, Susquehanna began coverage on shares of GE Aerospace in a report on Thursday, December 4th. They set a “positive” rating and a $350.00 price target for the company. Sixteen equities research 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $309.94.

Insider Activity at GE Aerospace

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 sale, the senior vice president owned 150,434 shares of the company’s stock, valued at $44,785,706.14. The trade was a 5.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.21% of the stock is owned by company insiders.

GE Aerospace Price Performance

Shares of NYSE GE opened at $292.09 on Thursday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.76 and a current ratio of 1.08. GE Aerospace has a one year low of $159.36 and a one year high of $316.67. The firm has a market capitalization of $308.10 billion, a P/E ratio of 39.00, a PEG ratio of 2.31 and a beta of 1.40. The company’s fifty day moving average is $299.35 and its two-hundred day moving average is $279.35.

GE Aerospace (NYSE:GE) last announced 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. 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 the consensus estimate of $10.29 billion. During the same quarter last year, the firm posted $1.15 EPS. The business’s revenue was up 26.4% compared to the same quarter last year. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. Analysts forecast that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Announces Dividend

The business 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 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 (DPR) is presently 19.23%.

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.