Thurston Springer Miller Herd & Titak Inc. Has $69,000 Position in GE Aerospace $GE

Thurston Springer Miller Herd & Titak Inc. cut its holdings in GE Aerospace (NYSE:GE) by 93.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 230 shares of the company’s stock after selling 3,411 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in GE Aerospace were worth $69,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in GE Aerospace by 1.6% during the second quarter. Vanguard Group Inc. now owns 91,989,511 shares of the company’s stock worth $23,677,180,000 after purchasing an additional 1,482,069 shares during the period. State Street Corp raised its position in GE Aerospace by 1.4% in the 2nd quarter. State Street Corp now owns 44,268,912 shares of the company’s stock worth $11,394,375,000 after purchasing an additional 613,866 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of GE Aerospace by 6.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 25,131,285 shares of the company’s stock valued at $5,030,028,000 after acquiring an additional 1,492,486 shares during the period. Geode Capital Management LLC boosted its stake in shares of GE Aerospace by 3.1% in the 2nd quarter. Geode Capital Management LLC now owns 24,113,967 shares of the company’s stock valued at $6,181,956,000 after purchasing an additional 724,559 shares during the last quarter. Finally, Norges Bank bought a new position in GE Aerospace in the second quarter valued at approximately $3,408,828,000. Institutional investors own 74.77% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on GE shares. Wolfe Research raised their target price on GE Aerospace from $280.00 to $330.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th. JPMorgan Chase & Co. lifted their target price on GE Aerospace from $275.00 to $325.00 and gave the stock an “overweight” rating in a report on Monday, October 27th. The Goldman Sachs Group upped their price target on shares of GE Aerospace from $271.00 to $305.00 and gave the company a “buy” rating in a report on Friday, October 10th. Bank of America upped their target price on shares of GE Aerospace from $310.00 to $365.00 and gave the stock a “buy” rating in a research note on Monday, October 27th. Finally, TD Cowen lifted their price target on GE Aerospace from $300.00 to $330.00 and gave the company a “buy” rating in a research note on Tuesday, October 7th. 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 company. Based on data from MarketBeat.com, GE Aerospace presently has an average rating of “Moderate Buy” and an average price target of $309.94.

Insider Buying and Selling at GE Aerospace

In related news, SVP Russell Stokes sold 8,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president owned 150,434 shares in the company, valued at $44,785,706.14. This trade represents a 5.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.21% of the company’s stock.

GE Aerospace Stock Performance

NYSE GE opened at $292.09 on Thursday. The stock has a market cap of $308.10 billion, a PE ratio of 39.00, a P/E/G ratio of 2.31 and a beta of 1.40. 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 firm has a 50-day moving average of $299.35 and a 200-day moving average of $279.35. GE Aerospace has a 52-week low of $159.36 and a 52-week high of $316.67.

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, beating the consensus estimate of $1.46 by $0.20. The firm had revenue of $11.31 billion for 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 business’s revenue was up 26.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.15 EPS. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. On average, sell-side analysts anticipate that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 26th. Investors of record on Monday, December 29th will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, December 29th. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. GE Aerospace’s dividend payout ratio (DPR) is 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.