GE Aerospace $GE Stock Holdings Increased by Highland Capital Management LLC

Highland Capital Management LLC grew its stake in shares of GE Aerospace (NYSE:GE) by 63.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 24,980 shares of the company’s stock after acquiring an additional 9,728 shares during the period. Highland Capital Management LLC’s holdings in GE Aerospace were worth $7,514,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Grove Bank & Trust increased its stake in GE Aerospace by 1.0% in the 3rd quarter. Grove Bank & Trust now owns 3,537 shares of the company’s stock worth $1,064,000 after purchasing an additional 35 shares in the last quarter. Perkins Coie Trust Co increased its position in shares of GE Aerospace by 7.9% in the third quarter. Perkins Coie Trust Co now owns 492 shares of the company’s stock worth $148,000 after acquiring an additional 36 shares in the last quarter. Terril Brothers Inc. raised its holdings in shares of GE Aerospace by 2.7% during the second quarter. Terril Brothers Inc. now owns 1,406 shares of the company’s stock valued at $362,000 after acquiring an additional 37 shares during the period. New England Capital Financial Advisors LLC raised its holdings in shares of GE Aerospace by 5.0% during the second quarter. New England Capital Financial Advisors LLC now owns 772 shares of the company’s stock valued at $199,000 after acquiring an additional 37 shares during the period. Finally, First Financial Bank Trust Division lifted its position in shares of GE Aerospace by 0.7% in the 3rd quarter. First Financial Bank Trust Division now owns 5,176 shares of the company’s stock valued at $1,557,000 after acquiring an additional 37 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.

GE Aerospace Trading Up 0.3%

Shares of GE opened at $316.48 on Friday. The company has a current ratio of 1.08, a quick ratio of 0.76 and a debt-to-equity ratio of 0.99. The stock has a market cap of $333.83 billion, a PE ratio of 42.25, a PEG ratio of 2.45 and a beta of 1.40. GE Aerospace has a 1 year low of $159.36 and a 1 year high of $317.75. The stock has a 50 day simple moving average of $301.02 and a 200-day simple moving average of $281.70.

GE Aerospace (NYSE:GE) last announced its quarterly earnings results on Tuesday, October 21st. The company reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.20. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.The firm had revenue of $11.31 billion for the quarter, compared to analysts’ expectations of $10.29 billion. During the same period in the prior year, the business posted $1.15 earnings per share. 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. On average, sell-side analysts predict that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

The company 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. The ex-dividend date is Monday, December 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. GE Aerospace’s dividend payout ratio (DPR) is 19.23%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on GE shares. Weiss Ratings reiterated a “buy (b)” rating on shares of GE Aerospace in a report on Wednesday, October 8th. Susquehanna initiated coverage on GE Aerospace in a research note on Thursday, December 4th. They issued a “positive” rating and a $350.00 price objective on the stock. Citigroup assumed coverage on GE Aerospace in a report on Thursday, December 11th. They issued a “buy” rating and a $386.00 target price for the company. Bank of America increased their price target on GE Aerospace from $310.00 to $365.00 and gave the company a “buy” rating in a report on Monday, October 27th. Finally, Zacks Research lowered shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. Sixteen investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, GE Aerospace currently has an average rating of “Moderate Buy” and an average target price of $309.94.

Insider Transactions at GE Aerospace

In other GE Aerospace news, SVP Russell Stokes sold 8,000 shares of the business’s stock in a transaction dated 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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.21% of the stock is owned by corporate insiders.

GE Aerospace Profile

GE Aerospace (NYSE: GE) is the aerospace business of General Electric, focused on the design, manufacture and support of aircraft engines, integrated propulsion systems and related aftermarket services. The company serves commercial airlines, airframers, business and general aviation operators, and defense customers, providing propulsion solutions for a broad range of aircraft types from single‑aisle airliners to widebody and military platforms.

Its product portfolio includes a family of commercial and military jet engines as well as spare parts, components and systems engineering.