Patriot Financial Group Insurance Agency LLC Purchases 6,665 Shares of GE Aerospace $GE

Patriot Financial Group Insurance Agency LLC increased its position in GE Aerospace (NYSE:GE) by 95.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,674 shares of the company’s stock after buying an additional 6,665 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in GE Aerospace were worth $4,113,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in GE. Hilltop National Bank raised its stake in shares of GE Aerospace by 24.9% during the third quarter. Hilltop National Bank now owns 1,465 shares of the company’s stock valued at $441,000 after acquiring an additional 292 shares during the last quarter. Teamwork Financial Advisors LLC grew its stake in shares of GE Aerospace by 344.8% in the third quarter. Teamwork Financial Advisors LLC now owns 42,955 shares of the company’s stock worth $12,922,000 after purchasing an additional 33,297 shares during the last quarter. Dixon Fnancial Services Inc. acquired a new stake in GE Aerospace in the third quarter valued at $240,000. Firethorn Wealth Partners LLC raised its position in GE Aerospace by 4.5% during the 3rd quarter. Firethorn Wealth Partners LLC now owns 1,318 shares of the company’s stock worth $397,000 after purchasing an additional 57 shares during the last quarter. Finally, Legacy Private Trust Co. raised its position in GE Aerospace by 0.6% during the 3rd quarter. Legacy Private Trust Co. now owns 28,918 shares of the company’s stock worth $8,699,000 after purchasing an additional 184 shares during the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at GE Aerospace

In related news, SVP Russell Stokes sold 8,000 shares of the stock in a transaction on Wednesday, November 19th. The shares were 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 of the company’s stock, valued at $44,785,706.14. This represents a 5.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.21% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

GE has been the topic of a number of analyst reports. Royal Bank Of Canada upped their price target on GE Aerospace from $300.00 to $340.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. Wolfe Research lifted their price objective on GE Aerospace from $280.00 to $330.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. Wall Street Zen upgraded GE Aerospace from a “hold” rating to a “buy” rating in a report on Saturday, December 13th. Jefferies Financial Group increased their target price on shares of GE Aerospace from $320.00 to $350.00 and gave the company a “buy” rating in a research report on Monday, September 22nd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of GE Aerospace in a research report on Wednesday, October 8th. Sixteen equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $309.94.

GE Aerospace Stock Up 3.3%

Shares of GE Aerospace stock opened at $301.76 on Friday. GE Aerospace has a one year low of $159.36 and a one year high of $316.67. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.08 and a quick ratio of 0.76. The stock’s 50-day moving average is $299.40 and its 200 day moving average is $279.50. The firm has a market cap of $318.30 billion, a price-to-earnings ratio of 40.29, a PEG ratio of 2.26 and a beta of 1.40.

GE Aerospace (NYSE:GE) last issued its earnings results 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. The business had revenue of $11.31 billion during the quarter, compared to the consensus estimate of $10.29 billion. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.The firm’s revenue for the quarter was up 26.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.15 earnings per share. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. Equities research analysts anticipate that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 26th. Investors 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 payout ratio 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.