SFE Investment Counsel Lowers Stock Holdings in GE Aerospace $GE

SFE Investment Counsel lessened its holdings in GE Aerospace (NYSE:GE) by 7.8% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 13,679 shares of the company’s stock after selling 1,156 shares during the period. SFE Investment Counsel’s holdings in GE Aerospace were worth $3,521,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. IMA Advisory Services Inc. purchased a new stake in shares of GE Aerospace during the first quarter worth about $28,000. Nova Wealth Management Inc. purchased a new position in GE Aerospace in the 1st quarter worth approximately $29,000. IMG Wealth Management Inc. boosted its stake 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 purchasing an additional 59 shares during the period. Wealth Preservation Advisors LLC purchased a new stake in GE Aerospace during the 1st quarter valued at approximately $30,000. Finally, Financial Network Wealth Advisors LLC grew its holdings in GE Aerospace by 81.9% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 171 shares of the company’s stock valued at $34,000 after buying an additional 77 shares in the last quarter. 74.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

GE has been the topic of several research analyst reports. Zacks Research downgraded shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. Bank of America lifted their price target on shares of GE Aerospace from $310.00 to $365.00 and gave the company a “buy” rating in a report on Monday, October 27th. Citigroup reissued a “buy” rating and set a $296.00 price objective (up previously from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Wall Street Zen raised GE Aerospace from a “hold” rating to a “buy” rating in a report on Saturday, October 25th. Finally, TD Cowen boosted their target price on GE Aerospace from $300.00 to $330.00 and gave the stock a “buy” rating in a research report on Tuesday, October 7th. Fifteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $301.27.

GE Aerospace Stock Performance

GE Aerospace stock opened at $307.28 on Friday. The company’s 50-day moving average price is $296.88 and its 200-day moving average price is $264.57. The company has a quick ratio of 0.76, a current ratio of 1.08 and a debt-to-equity ratio of 0.99. The company has a market cap of $324.13 billion, a PE ratio of 41.03, a price-to-earnings-growth ratio of 3.09 and a beta of 1.56. GE Aerospace has a twelve month low of $159.36 and a twelve month high of $316.67.

GE Aerospace (NYSE:GE) last released its quarterly earnings results on Tuesday, October 21st. The company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.46 by $0.20. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.The company had revenue of $11.31 billion during the quarter, compared to analyst estimates of $10.29 billion. During the same quarter last year, the business posted $1.15 earnings per share. The firm’s revenue was up 26.4% on a year-over-year basis. 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 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

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