GE Aerospace $GE Shares Sold by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC cut its stake in shares of GE Aerospace (NYSE:GE) by 10.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 509,850 shares of the company’s stock after selling 62,034 shares during the period. GE Aerospace makes up approximately 1.9% of Douglas Lane & Associates LLC’s investment portfolio, making the stock its 7th largest holding. Douglas Lane & Associates LLC’s holdings in GE Aerospace were worth $131,230,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Putney Financial Group LLC acquired a new stake in shares of GE Aerospace during the fourth quarter worth $28,000. IMA Advisory Services Inc. acquired a new stake in shares of GE Aerospace during the first quarter worth $28,000. Copia Wealth Management grew its stake in shares of GE Aerospace by 14,200.0% during the first quarter. Copia Wealth Management now owns 143 shares of the company’s stock worth $29,000 after purchasing an additional 142 shares during the period. Nova Wealth Management Inc. acquired a new stake in shares of GE Aerospace during the first quarter worth $29,000. Finally, Wealth Preservation Advisors LLC acquired a new stake in shares of GE Aerospace during the first quarter worth $30,000. 74.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Citigroup reissued a “buy” rating and issued a $296.00 target price (up from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th. Northcoast Research cut GE Aerospace from a “buy” rating to a “neutral” rating in a research note on Monday, May 19th. Wall Street Zen raised GE Aerospace from a “hold” rating to a “buy” rating in a research note on Saturday. Barclays boosted their target price on GE Aerospace from $230.00 to $295.00 and gave the company an “overweight” rating in a research note on Wednesday, July 23rd. Finally, UBS Group boosted their target price on GE Aerospace from $300.00 to $321.00 and gave the company a “buy” rating in a research note on Friday, July 18th. Ten analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $232.92.

GE Aerospace Stock Performance

Shares of GE Aerospace stock opened at $281.67 on Friday. The firm has a market cap of $298.69 billion, a price-to-earnings ratio of 39.28, a price-to-earnings-growth ratio of 3.03 and a beta of 1.48. The stock’s 50-day moving average is $269.33 and its 200-day moving average is $233.93. GE Aerospace has a one year low of $159.36 and a one year high of $286.91. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.04 and a quick ratio of 0.73.

GE Aerospace (NYSE:GE) last issued its quarterly earnings results on Thursday, July 17th. The company reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.23. The company had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.49 billion. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The company’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.20 earnings per share. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Equities analysts predict that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Monday, July 7th were issued 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 was Monday, July 7th. GE Aerospace’s payout ratio is 20.08%.

GE Aerospace Company 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.