BLB&B Advisors LLC Sells 103 Shares of GE Aerospace $GE

BLB&B Advisors LLC trimmed its stake in shares of GE Aerospace (NYSE:GE) by 1.8% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 5,700 shares of the company’s stock after selling 103 shares during the period. BLB&B Advisors LLC’s holdings in GE Aerospace were worth $1,467,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of GE. Ameriflex Group Inc. increased its position in GE Aerospace by 23.5% in the second quarter. Ameriflex Group Inc. now owns 1,742 shares of the company’s stock worth $437,000 after purchasing an additional 331 shares during the last quarter. Smartleaf Asset Management LLC increased its position in GE Aerospace by 17.1% during the first quarter. Smartleaf Asset Management LLC now owns 8,241 shares of the company’s stock valued at $1,647,000 after acquiring an additional 1,201 shares during the last quarter. Rainey & Randall Wealth Advisors Inc. bought a new position in GE Aerospace during the first quarter valued at $203,000. Concurrent Investment Advisors LLC lifted its holdings in shares of GE Aerospace by 25.1% in the 1st quarter. Concurrent Investment Advisors LLC now owns 41,039 shares of the company’s stock worth $8,065,000 after acquiring an additional 8,245 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of GE Aerospace by 7.0% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 182,120 shares of the company’s stock worth $46,876,000 after acquiring an additional 11,873 shares during the last quarter. 74.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Bank of America raised their target price on shares of GE Aerospace from $310.00 to $365.00 and gave the stock a “buy” rating in a report on Monday. Royal Bank Of Canada raised their target price on shares of GE Aerospace from $300.00 to $340.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Weiss Ratings restated a “buy (b)” rating on shares of GE Aerospace in a report on Wednesday, October 8th. Zacks Research cut shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of GE Aerospace in a report on Monday. Fifteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $301.27.

GE Aerospace Trading Down 1.2%

NYSE GE opened at $310.64 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.76 and a current ratio of 1.08. The company has a market capitalization of $327.67 billion, a price-to-earnings ratio of 41.47, a price-to-earnings-growth ratio of 3.09 and a beta of 1.49. The company’s 50-day simple moving average is $292.75 and its two-hundred day simple moving average is $258.88. GE Aerospace has a one year low of $159.36 and a one year high of $316.67.

GE Aerospace (NYSE:GE) last posted its earnings results on Tuesday, October 21st. The company reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.20. The business had revenue of $11.31 billion for the quarter, compared to the consensus estimate of $10.29 billion. GE Aerospace had a net margin of 18.34% and a return on equity of 34.01%. The company’s revenue for the quarter was up 26.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.15 EPS. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. Equities analysts forecast that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, October 27th. Shareholders of record on Monday, September 29th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, September 29th. GE Aerospace’s dividend payout ratio is presently 19.23%.

GE Aerospace 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.