GE Aerospace $GE Stock Holdings Increased by Vest Financial LLC

Vest Financial LLC lifted its stake in shares of GE Aerospace (NYSE:GEFree Report) by 49.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 168,385 shares of the company’s stock after acquiring an additional 55,635 shares during the quarter. Vest Financial LLC’s holdings in GE Aerospace were worth $50,654,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Joel Isaacson & Co. LLC boosted its position in shares of GE Aerospace by 3.6% in the 3rd quarter. Joel Isaacson & Co. LLC now owns 7,659 shares of the company’s stock valued at $2,304,000 after purchasing an additional 267 shares during the period. Canopy Partners LLC lifted its holdings in shares of GE Aerospace by 11.6% during the 3rd quarter. Canopy Partners LLC now owns 3,095 shares of the company’s stock valued at $931,000 after buying an additional 322 shares during the last quarter. First Interstate Bank increased its holdings in shares of GE Aerospace by 337.4% during the 3rd quarter. First Interstate Bank now owns 3,565 shares of the company’s stock valued at $1,072,000 after acquiring an additional 2,750 shares during the last quarter. McAdam LLC lifted its position in shares of GE Aerospace by 19.5% during the 3rd quarter. McAdam LLC now owns 3,302 shares of the company’s stock worth $993,000 after purchasing an additional 539 shares during the last quarter. Finally, Sage Mountain Advisors LLC lifted its position in GE Aerospace by 17.9% in the third quarter. Sage Mountain Advisors LLC now owns 7,580 shares of the company’s stock worth $2,280,000 after purchasing an additional 1,149 shares during the period. 74.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. The Goldman Sachs Group boosted their price target on shares of GE Aerospace from $271.00 to $305.00 and gave the company a “buy” rating in a research report on Friday, October 10th. TD Cowen upped their target price on shares of GE Aerospace from $330.00 to $350.00 and gave the company a “buy” rating in a research report on Wednesday, January 14th. Wolfe Research upped their target price on shares of GE Aerospace from $340.00 to $360.00 and gave the company an “outperform” rating in a research note on Monday, January 12th. Susquehanna reissued a “positive” rating and set a $380.00 target price on shares of GE Aerospace in a research note on Thursday, January 15th. Finally, UBS Group restated a “buy” rating and issued a $368.00 target price (up previously from $366.00) on shares of GE Aerospace in a research note on Thursday, January 15th. Sixteen research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $314.00.

Read Our Latest Stock Report on GE

More GE Aerospace News

Here are the key news stories impacting GE Aerospace this week:

Insider Buying and Selling

In other news, SVP Russell Stokes sold 8,000 shares of GE Aerospace stock in a transaction 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 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.21% of the company’s stock.

GE Aerospace Stock Performance

Shares of GE Aerospace stock opened at $316.09 on Wednesday. The company’s fifty day moving average is $305.28 and its 200 day moving average is $291.62. The company has a quick ratio of 0.76, a current ratio of 1.08 and a debt-to-equity ratio of 0.99. The stock has a market cap of $333.41 billion, a price-to-earnings ratio of 42.23, a P/E/G ratio of 2.22 and a beta of 1.40. GE Aerospace has a twelve month low of $159.36 and a twelve month high of $332.79.

GE Aerospace (NYSE:GEGet Free Report) 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. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.The business had revenue of $11.31 billion during the quarter, compared to the consensus estimate of $10.29 billion. 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. Sell-side analysts forecast that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 26th. Stockholders of record on Monday, December 29th will be issued a $0.36 dividend. 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 is currently 19.23%.

GE Aerospace Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for GE Aerospace (NYSE:GE)

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