S&CO Inc. Lowers Stake in GE Aerospace $GE

S&CO Inc. reduced its stake in shares of GE Aerospace (NYSE:GE) by 0.4% in the second quarter, HoldingsChannel.com reports. The fund owned 40,039 shares of the company’s stock after selling 169 shares during the quarter. S&CO Inc.’s holdings in GE Aerospace were worth $10,305,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in GE. IMA Advisory Services Inc. purchased a new position in shares of GE Aerospace in the 1st quarter worth about $28,000. Nova Wealth Management Inc. purchased a new position in shares of GE Aerospace during the 1st quarter valued at about $29,000. IMG Wealth Management Inc. lifted its position in GE Aerospace by 113.5% in the 2nd quarter. IMG Wealth Management Inc. now owns 111 shares of the company’s stock worth $29,000 after buying an additional 59 shares during the last quarter. Wealth Preservation Advisors LLC bought a new stake in GE Aerospace in the 1st quarter worth approximately $30,000. Finally, Financial Network Wealth Advisors LLC boosted its stake in GE Aerospace by 81.9% in the first quarter. Financial Network Wealth Advisors LLC now owns 171 shares of the company’s stock worth $34,000 after buying an additional 77 shares in the last quarter. Institutional investors own 74.77% of the company’s stock.

GE Aerospace Stock Up 0.7%

Shares of GE Aerospace stock opened at $307.28 on Monday. 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 52-week low of $159.36 and a 52-week high of $316.67. The company’s 50 day moving average price is $296.88 and its 200-day moving average price is $265.06. The stock has a market capitalization of $324.13 billion, a price-to-earnings ratio of 41.03, a P/E/G ratio of 3.09 and a beta of 1.56.

GE Aerospace (NYSE:GE) last posted its quarterly 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 company had revenue of $11.31 billion during the quarter, compared to analyst estimates 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 was up 26.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.15 EPS. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. Equities research analysts forecast that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, October 27th. Stockholders of record on Monday, September 29th were issued 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 dividend payout ratio is currently 19.23%.

Wall Street Analyst Weigh In

GE has been the topic of several research reports. Citigroup reissued a “buy” rating and set 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 upped their price objective 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 cut shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. Wall Street Zen raised shares of GE Aerospace from a “hold” rating to a “buy” rating in a research note on Saturday, October 25th. Finally, The Goldman Sachs Group upped their price target on shares of GE Aerospace from $271.00 to $305.00 and gave the company a “buy” rating in a research report on Friday, October 10th. Fifteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.