Greenwood Capital Associates LLC Has $7.38 Million Stock Holdings in GE Aerospace $GE

Greenwood Capital Associates LLC decreased its stake in shares of GE Aerospace (NYSE:GE) by 6.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,544 shares of the company’s stock after selling 1,761 shares during the quarter. Greenwood Capital Associates LLC’s holdings in GE Aerospace were worth $7,383,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Grove Bank & Trust raised its position in GE Aerospace by 1.0% during the third quarter. Grove Bank & Trust now owns 3,537 shares of the company’s stock worth $1,064,000 after acquiring an additional 35 shares in the last quarter. Perkins Coie Trust Co raised its holdings in shares of GE Aerospace by 7.9% in the 3rd quarter. Perkins Coie Trust Co now owns 492 shares of the company’s stock valued at $148,000 after purchasing an additional 36 shares during the period. Terril Brothers Inc. lifted its stake in GE Aerospace by 2.7% in the 2nd quarter. Terril Brothers Inc. now owns 1,406 shares of the company’s stock valued at $362,000 after purchasing an additional 37 shares during the last quarter. New England Capital Financial Advisors LLC grew its holdings in GE Aerospace by 5.0% during the second quarter. New England Capital Financial Advisors LLC now owns 772 shares of the company’s stock worth $199,000 after purchasing an additional 37 shares during the period. Finally, First Financial Bank Trust Division increased its position in GE Aerospace by 0.7% during the third quarter. First Financial Bank Trust Division now owns 5,176 shares of the company’s stock worth $1,557,000 after buying an additional 37 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on GE. Wall Street Zen upgraded GE Aerospace from a “hold” rating to a “buy” rating in a research note on Saturday, December 13th. Wolfe Research raised their price target on GE Aerospace from $280.00 to $330.00 and gave the company an “outperform” rating in a report on Thursday, October 9th. Sanford C. Bernstein reiterated an “outperform” rating on shares of GE Aerospace in a report on Monday, October 27th. UBS Group set a $366.00 price objective on shares of GE Aerospace and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Finally, Citigroup began coverage on shares of GE Aerospace in a report on Thursday, December 11th. They set a “buy” rating and a $386.00 target price for the company. Sixteen research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, GE Aerospace presently has a consensus rating of “Moderate Buy” and a consensus target price of $309.94.

Insider Activity

In related news, SVP Russell Stokes sold 8,000 shares of the 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. This represents a 5.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.21% of the company’s stock.

GE Aerospace Stock Down 0.5%

GE opened at $315.30 on Friday. The stock has a fifty day moving average of $301.31 and a 200-day moving average of $282.14. The company has a market capitalization of $332.58 billion, a P/E ratio of 42.10, a P/E/G ratio of 2.45 and a beta of 1.40. GE Aerospace has a fifty-two week low of $159.36 and a fifty-two week high of $318.06. 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 (NYSE:GE) last released its quarterly earnings results on Tuesday, October 21st. The company reported $1.66 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $10.29 billion. During the same period in the prior year, the company posted $1.15 earnings per share. GE Aerospace’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, equities analysts expect that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

The firm 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 $0.36 dividend. 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 Company 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.