GE Aerospace $GE Shares Sold by Twin Capital Management Inc.

Twin Capital Management Inc. cut its stake in GE Aerospace (NYSE:GE) by 19.6% in the second quarter, Holdings Channel reports. The firm owned 22,833 shares of the company’s stock after selling 5,576 shares during the period. Twin Capital Management Inc.’s holdings in GE Aerospace were worth $5,877,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of GE. IMA Advisory Services Inc. purchased a new stake in shares of GE Aerospace during the first quarter valued at $28,000. Nova Wealth Management Inc. acquired a new position in shares of GE Aerospace in the first quarter valued at about $29,000. IMG Wealth Management Inc. raised its stake in shares of GE Aerospace by 113.5% in the second quarter. IMG Wealth Management Inc. now owns 111 shares of the company’s stock worth $29,000 after purchasing an additional 59 shares during the last quarter. Wealth Preservation Advisors LLC acquired a new stake in shares of GE Aerospace during the first quarter worth about $30,000. Finally, POM Investment Strategies LLC lifted its holdings in shares of GE Aerospace by 1,078.6% during the first quarter. POM Investment Strategies LLC now owns 165 shares of the company’s stock worth $33,000 after purchasing an additional 151 shares during the period. Institutional investors and hedge funds own 74.77% of the company’s stock.

GE Aerospace Trading Up 0.3%

Shares of NYSE:GE opened at $305.05 on Thursday. The business’s 50 day moving average price is $295.66 and its 200-day moving average price is $262.85. GE Aerospace has a 1 year low of $159.36 and a 1 year high of $316.67. The firm has a market capitalization of $321.77 billion, a price-to-earnings ratio of 40.73, a price-to-earnings-growth ratio of 3.09 and a beta of 1.49. 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 (NYSE:GE) last posted its quarterly earnings data on Tuesday, October 21st. The company reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.20. The company had revenue of $11.31 billion during the quarter, compared to analysts’ expectations of $10.29 billion. GE Aerospace had a net margin of 18.34% and a return on equity of 34.01%. The firm’s revenue for the quarter was up 26.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.15 earnings per share. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. On average, equities research analysts forecast that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

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

Wall Street Analyst Weigh In

GE has been the topic of several research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $350.00 price target on shares of GE Aerospace in a report on Wednesday, October 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of GE Aerospace in a research report on Wednesday, October 8th. UBS Group set a $366.00 price objective on GE Aerospace and gave the company a “buy” rating in a report on Wednesday, October 22nd. Jefferies Financial Group upped their target price on GE Aerospace from $320.00 to $350.00 and gave the stock a “buy” rating in a research note on Monday, September 22nd. Finally, Zacks Research cut GE Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. Fifteen research 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 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.