Claro Advisors LLC Sells 1,571 Shares of GE Aerospace $GE

Claro Advisors LLC reduced its position in shares of GE Aerospace (NYSE:GE) by 32.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,311 shares of the company’s stock after selling 1,571 shares during the period. Claro Advisors LLC’s holdings in GE Aerospace were worth $852,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Ameriflex Group Inc. increased its position in GE Aerospace by 23.5% during the second quarter. Ameriflex Group Inc. now owns 1,742 shares of the company’s stock worth $437,000 after acquiring an additional 331 shares during the period. Smartleaf Asset Management LLC grew its stake in GE Aerospace by 17.1% during the first quarter. Smartleaf Asset Management LLC now owns 8,241 shares of the company’s stock worth $1,647,000 after buying an additional 1,201 shares in the last quarter. Rainey & Randall Wealth Advisors Inc. acquired a new stake in GE Aerospace during the first quarter worth about $203,000. Mirae Asset Global Investments Co. Ltd. boosted its stake 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 valued at $46,876,000 after purchasing an additional 11,873 shares in the last quarter. Finally, Leisure Capital Management acquired a new stake in shares of GE Aerospace in the 1st quarter valued at approximately $222,000. 74.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Citigroup restated a “buy” rating and issued a $296.00 price target (up from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th. Jefferies Financial Group raised their price target on shares of GE Aerospace from $320.00 to $350.00 and gave the company a “buy” rating in a research note on Monday, September 22nd. Zacks Research downgraded shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. Barclays raised their price target on shares of GE Aerospace from $230.00 to $295.00 and gave the company an “overweight” rating in a research note on Wednesday, July 23rd. Finally, Bank of America raised their price target on shares of GE Aerospace from $310.00 to $365.00 and gave the company a “buy” rating in a research note on Monday, October 27th. Fifteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $301.27.

GE Aerospace Stock Up 0.3%

NYSE:GE opened at $305.05 on Thursday. The firm’s 50 day simple moving average is $295.66 and its 200 day simple moving average is $262.85. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.08 and a quick ratio of 0.76. GE Aerospace has a one year low of $159.36 and a one year high of $316.67. The company has a market cap of $321.77 billion, a PE ratio of 40.73, a P/E/G ratio of 3.09 and a beta of 1.49.

GE Aerospace (NYSE:GE) last posted its earnings results on Tuesday, October 21st. The company reported $1.66 EPS for the quarter, topping 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 last year, the company earned $1.15 EPS. The firm’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, research analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Dividend Announcement

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