GE Aerospace $GE Shares Sold by Rossby Financial LCC

Rossby Financial LCC decreased its position in GE Aerospace (NYSE:GE) by 64.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 312 shares of the company’s stock after selling 557 shares during the period. Rossby Financial LCC’s holdings in GE Aerospace were worth $80,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in GE. Brighton Jones LLC lifted its position in shares of GE Aerospace by 25.3% in the fourth quarter. Brighton Jones LLC now owns 12,008 shares of the company’s stock valued at $2,003,000 after acquiring an additional 2,421 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in shares of GE Aerospace by 7.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company’s stock valued at $375,000 after acquiring an additional 150 shares in the last quarter. Golden State Wealth Management LLC lifted its position in shares of GE Aerospace by 25.7% in the first quarter. Golden State Wealth Management LLC now owns 1,895 shares of the company’s stock valued at $379,000 after acquiring an additional 388 shares in the last quarter. Koshinski Asset Management Inc. purchased a new stake in shares of GE Aerospace in the first quarter valued at $230,000. Finally, Smith Salley Wealth Management purchased a new position in GE Aerospace during the first quarter worth about $229,000. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

GE Aerospace Price Performance

GE stock opened at $313.92 on Thursday. 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 has a 1 year low of $159.36 and a 1 year high of $316.67. The firm has a market cap of $331.13 billion, a P/E ratio of 41.91, a price-to-earnings-growth ratio of 3.04 and a beta of 1.49. The stock has a 50-day simple moving average of $291.90 and a 200-day simple moving average of $258.52.

GE Aerospace (NYSE:GE) last posted its earnings results on Tuesday, October 21st. The company reported $1.66 earnings per share (EPS) 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 business had revenue of $11.31 billion during the quarter, compared to analyst estimates of $10.29 billion. During the same quarter last year, the firm earned $1.15 earnings per share. The company’s revenue for the quarter 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 predict that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 27th. Shareholders of record on Monday, September 29th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Monday, September 29th. GE Aerospace’s dividend payout ratio (DPR) is 19.23%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on GE shares. Royal Bank Of Canada increased their target price on GE Aerospace from $300.00 to $340.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. Jefferies Financial Group increased their target price on GE Aerospace from $320.00 to $350.00 and gave the stock a “buy” rating in a research report on Monday, September 22nd. Barclays increased their target price on GE Aerospace from $230.00 to $295.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. UBS Group set a $366.00 target price on GE Aerospace and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Finally, Zacks Research downgraded GE Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. Fifteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, GE Aerospace currently has an average rating of “Moderate Buy” and an average target price of $301.27.

About GE Aerospace

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.