GE Aerospace $GE Shares Sold by Catalyst Capital Advisors LLC

Catalyst Capital Advisors LLC decreased its holdings in shares of GE Aerospace (NYSE:GE) by 13.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 907 shares of the company’s stock after selling 146 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in GE Aerospace were worth $233,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GQG Partners LLC acquired a new stake in GE Aerospace in the first quarter valued at $1,606,840,000. Nuveen LLC purchased a new position in shares of GE Aerospace in the 1st quarter worth about $777,075,000. Amundi raised its holdings in shares of GE Aerospace by 124.0% during the 1st quarter. Amundi now owns 3,200,479 shares of the company’s stock valued at $600,506,000 after buying an additional 1,771,944 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of GE Aerospace by 6.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 25,131,285 shares of the company’s stock valued at $5,030,028,000 after buying an additional 1,492,486 shares during the period. Finally, 1832 Asset Management L.P. grew its stake in GE Aerospace by 7,406.4% during the 1st quarter. 1832 Asset Management L.P. now owns 1,212,209 shares of the company’s stock valued at $242,624,000 after purchasing an additional 1,196,060 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.

GE Aerospace Stock Down 0.8%

Shares of GE opened at $303.97 on Friday. The firm has a market capitalization of $320.63 billion, a price-to-earnings ratio of 40.58, a PEG ratio of 3.18 and a beta of 1.49. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.73 and a current ratio of 1.08. The business’s fifty day moving average price is $289.19 and its two-hundred day moving average price is $254.75. GE Aerospace has a 52 week low of $159.36 and a 52 week high of $316.53.

GE Aerospace (NYSE:GE) last issued its quarterly earnings data on Tuesday, October 21st. The company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.46 by $0.20. The business had revenue of $11.31 billion for 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%.The firm’s revenue was up 26.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.15 EPS. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. On average, analysts predict that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Monday, September 29th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 0.5%. The ex-dividend date is Monday, September 29th. GE Aerospace’s dividend payout ratio (DPR) is 19.23%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on GE. Jefferies Financial Group lifted their target price on GE Aerospace from $320.00 to $350.00 and gave the stock a “buy” rating in a research report on Monday, September 22nd. Barclays boosted their price objective on GE Aerospace from $230.00 to $295.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 23rd. UBS Group set a $366.00 price objective on GE Aerospace and gave the stock a “buy” rating in a research note on Wednesday. Sanford C. Bernstein lifted their price target on GE Aerospace from $343.00 to $374.00 and gave the company an “outperform” rating in a report on Wednesday, October 15th. Finally, Wall Street Zen upgraded GE Aerospace from a “hold” rating to a “buy” rating in a report on Saturday. Fifteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, GE Aerospace presently has an average rating of “Moderate Buy” and a consensus price target of $284.27.

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.