Motco Purchases 314 Shares of GE Aerospace $GE

Motco increased its holdings in GE Aerospace (NYSE:GE) by 89.0% in the second quarter, HoldingsChannel.com reports. The fund owned 667 shares of the company’s stock after acquiring an additional 314 shares during the period. Motco’s holdings in GE Aerospace were worth $181,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Jennison Associates LLC lifted its stake in GE Aerospace by 1.9% in the second quarter. Jennison Associates LLC now owns 6,936,337 shares of the company’s stock worth $1,785,344,000 after acquiring an additional 132,427 shares during the period. Auto Owners Insurance Co lifted its stake in GE Aerospace by 162.5% in the second quarter. Auto Owners Insurance Co now owns 502,660 shares of the company’s stock worth $129,380,000 after acquiring an additional 311,139 shares during the period. Strategic Financial Services Inc. lifted its stake in GE Aerospace by 73.0% in the second quarter. Strategic Financial Services Inc. now owns 7,416 shares of the company’s stock worth $1,909,000 after acquiring an additional 3,130 shares during the period. Fairfield Financial Advisors LTD lifted its stake in GE Aerospace by 29.9% in the second quarter. Fairfield Financial Advisors LTD now owns 13,317 shares of the company’s stock worth $3,428,000 after acquiring an additional 3,067 shares during the period. Finally, Howard Capital Management Inc. lifted its stake in GE Aerospace by 22.1% in the second quarter. Howard Capital Management Inc. now owns 7,451 shares of the company’s stock worth $1,918,000 after acquiring an additional 1,351 shares during the period. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on GE shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $350.00 price target on shares of GE Aerospace in a research note on Wednesday, October 8th. The Goldman Sachs Group raised their price objective on GE Aerospace from $271.00 to $305.00 and gave the company a “buy” rating in a research report on Friday, October 10th. Wells Fargo & Company raised their price objective on GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. Wolfe Research raised their price objective on GE Aerospace from $280.00 to $330.00 and gave the company an “outperform” rating in a research report on Thursday, October 9th. Finally, Zacks Research lowered GE Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. Fifteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $301.27.

GE Aerospace Trading Up 1.3%

GE Aerospace stock opened at $313.92 on Thursday. The business has a 50-day simple moving average of $291.90 and a two-hundred day simple moving average of $258.52. The company has a market cap of $331.13 billion, a P/E ratio of 41.91, a P/E/G ratio of 3.04 and a beta of 1.49. GE Aerospace has a 52-week low of $159.36 and a 52-week high of $316.67. The company has a quick ratio of 0.76, a current ratio of 1.08 and a debt-to-equity ratio of 0.99.

GE Aerospace (NYSE:GE) last released its quarterly 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. The business had revenue of $11.31 billion during the quarter, compared to the consensus estimate of $10.29 billion. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.The business’s quarterly revenue was up 26.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.15 EPS. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. Analysts predict that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

The company also recently declared 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 dividend yield of 0.5%. The ex-dividend date was Monday, September 29th. GE Aerospace’s payout ratio is currently 19.23%.

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.