Titleist Asset Management LLC Purchases New Position in GE Aerospace $GE

Titleist Asset Management LLC acquired a new position in shares of GE Aerospace (NYSE:GE) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 847 shares of the company’s stock, valued at approximately $218,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vestor Capital LLC grew its stake in shares of GE Aerospace by 402.3% in the second quarter. Vestor Capital LLC now owns 8,559 shares of the company’s stock worth $2,203,000 after purchasing an additional 6,855 shares during the last quarter. Cynosure Group LLC lifted its stake in shares of GE Aerospace by 26.7% in the 2nd quarter. Cynosure Group LLC now owns 62,027 shares of the company’s stock valued at $15,965,000 after purchasing an additional 13,073 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of GE Aerospace by 3.0% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 7,154,078 shares of the company’s stock valued at $1,841,388,000 after purchasing an additional 208,027 shares in the last quarter. Enterprise Financial Services Corp grew its stake in GE Aerospace by 5.5% during the second quarter. Enterprise Financial Services Corp now owns 3,193 shares of the company’s stock worth $822,000 after purchasing an additional 167 shares during the period. Finally, American Century Companies Inc. grew its stake in GE Aerospace by 125.9% during the second quarter. American Century Companies Inc. now owns 1,066,520 shares of the company’s stock worth $274,512,000 after purchasing an additional 594,487 shares during the period. Institutional investors own 74.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on GE shares. BNP Paribas Exane assumed coverage on GE Aerospace in a report on Tuesday, November 18th. They set an “underperform” rating on the stock. Bank of America increased their target price on shares of GE Aerospace from $310.00 to $365.00 and gave the stock a “buy” rating in a research note on Monday, October 27th. Jefferies Financial Group lifted 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. JPMorgan Chase & Co. increased their price objective on shares of GE Aerospace from $275.00 to $325.00 and gave the stock an “overweight” rating in a research report on Monday, October 27th. Finally, Zacks Research lowered GE Aerospace from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. Fifteen research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, GE Aerospace currently has a consensus rating of “Moderate Buy” and a consensus target price of $301.27.

GE Aerospace Price Performance

GE Aerospace stock opened at $294.20 on Tuesday. 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 $301.60 and its two-hundred day moving average price is $272.50. The stock has a market cap of $310.33 billion, a P/E ratio of 39.28, a P/E/G ratio of 3.09 and a beta of 1.56. 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 issued 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 the consensus estimate of $10.29 billion. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.GE Aerospace’s revenue was up 26.4% on a year-over-year basis. During the same period last 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 analysts predict that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, October 27th. Stockholders 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 presently 19.23%.

Insider Activity at GE Aerospace

In related news, SVP Russell Stokes sold 8,000 shares of the business’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $297.71, for a total value of $2,381,680.00. Following the transaction, the senior vice president directly owned 150,434 shares of the company’s stock, valued at approximately $44,785,706.14. The trade was a 5.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.21% of the stock is owned by insiders.

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.