GE Aerospace $GE Stock Position Raised by Teamwork Financial Advisors LLC

Teamwork Financial Advisors LLC lifted its position in GE Aerospace (NYSE:GE) by 344.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 42,955 shares of the company’s stock after buying an additional 33,297 shares during the quarter. Teamwork Financial Advisors LLC’s holdings in GE Aerospace were worth $12,922,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Ameriflex Group Inc. boosted 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 purchasing an additional 331 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of GE Aerospace by 17.1% in 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 during the last quarter. Police & Firemen s Retirement System of New Jersey lifted its stake in shares of GE Aerospace by 1.8% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 159,682 shares of the company’s stock worth $41,101,000 after buying an additional 2,779 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of GE Aerospace by 7.0% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 182,120 shares of the company’s stock worth $46,876,000 after buying an additional 11,873 shares during the period. Finally, Vigilare Wealth Management acquired a new position in GE Aerospace in the 2nd quarter valued at $627,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

Insider Buying and Selling

In related news, SVP Russell Stokes sold 8,000 shares of the firm’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $297.71, for a total value of $2,381,680.00. Following the completion of the transaction, the senior vice president directly owned 150,434 shares of the company’s stock, valued at $44,785,706.14. This trade represents a 5.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.21% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently commented on GE. Bank of America lifted 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, October 27th. The Goldman Sachs Group raised their price target on GE Aerospace from $271.00 to $305.00 and gave the company a “buy” rating in a research report on Friday, October 10th. BNP Paribas Exane started coverage on GE Aerospace in a research report on Tuesday, November 18th. They set an “underperform” rating for the company. JPMorgan Chase & Co. increased their target price on GE Aerospace from $275.00 to $325.00 and gave the company an “overweight” rating in a research note on Monday, October 27th. Finally, BNP Paribas raised GE Aerospace to a “strong sell” rating in a report on Tuesday, November 18th. Sixteen equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $309.94.

GE Aerospace Stock Up 3.3%

Shares of GE opened at $301.76 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 50-day simple moving average of $299.40 and a 200-day simple moving average of $279.50. GE Aerospace has a 52 week low of $159.36 and a 52 week high of $316.67. The firm has a market capitalization of $318.30 billion, a P/E ratio of 40.29, a P/E/G ratio of 2.26 and a beta of 1.40.

GE Aerospace (NYSE:GE) last issued its quarterly earnings results on Tuesday, October 21st. The company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.20. The firm had revenue of $11.31 billion for the quarter, compared to analyst estimates of $10.29 billion. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.The company’s quarterly revenue was up 26.4% compared to the same quarter last year. During the same period in the previous year, the company 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 expect that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 26th. Investors of record on Monday, December 29th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Monday, December 29th. GE Aerospace’s dividend payout ratio is presently 19.23%.

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.