GE Aerospace $GE Shares Acquired by Intrust Bank NA

Intrust Bank NA boosted its holdings in GE Aerospace (NYSE:GE) by 22.5% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,203 shares of the company’s stock after acquiring an additional 1,689 shares during the period. Intrust Bank NA’s holdings in GE Aerospace were worth $2,369,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Brighton Jones LLC lifted its stake in GE Aerospace by 25.3% in the fourth quarter. Brighton Jones LLC now owns 12,008 shares of the company’s stock valued at $2,003,000 after buying an additional 2,421 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of GE Aerospace by 7.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company’s stock worth $375,000 after acquiring an additional 150 shares during the period. Bailard Inc. increased its holdings in shares of GE Aerospace by 126.5% in the 1st quarter. Bailard Inc. now owns 2,992 shares of the company’s stock worth $599,000 after acquiring an additional 1,671 shares during the period. AMG National Trust Bank lifted its position in GE Aerospace by 8.6% in the 1st quarter. AMG National Trust Bank now owns 7,387 shares of the company’s stock valued at $1,479,000 after purchasing an additional 587 shares during the last quarter. Finally, FAS Wealth Partners Inc. boosted its stake in GE Aerospace by 3.1% during the 1st quarter. FAS Wealth Partners Inc. now owns 2,247 shares of the company’s stock valued at $450,000 after purchasing an additional 67 shares during the period. 74.77% of the stock is currently owned by institutional investors and hedge funds.

GE Aerospace Trading Up 0.1%

Shares of NYSE GE opened at $304.50 on Monday. The stock has a market cap of $321.19 billion, a price-to-earnings ratio of 40.65, a PEG ratio of 3.09 and a beta of 1.56. The business has a 50 day simple moving average of $299.92 and a 200 day simple moving average of $268.87. GE Aerospace has a 52 week low of $159.36 and a 52 week high of $316.67. 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 (NYSE:GE) last issued its quarterly earnings data on Tuesday, October 21st. The company reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.20. GE Aerospace had a net margin of 18.34% and a return on equity of 34.01%. The firm had revenue of $11.31 billion for the quarter, compared to analyst estimates of $10.29 billion. During the same quarter last year, the firm earned $1.15 earnings per share. The company’s revenue for the quarter 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, research analysts predict that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

The business also recently declared 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 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Monday, September 29th. GE Aerospace’s dividend payout ratio is 19.23%.

Analyst Upgrades and Downgrades

Several brokerages have commented on GE. Royal Bank Of Canada raised their price target on shares of GE Aerospace from $300.00 to $340.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. Sanford C. Bernstein reissued an “outperform” rating on shares of GE Aerospace in a report on Monday, October 27th. UBS Group set a $366.00 target price on GE Aerospace and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Weiss Ratings reiterated a “buy (b)” rating on shares of GE Aerospace in a research report on Wednesday, October 8th. Finally, Zacks Research cut GE Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. Fifteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, GE Aerospace presently has a consensus rating of “Moderate Buy” and a consensus price target of $301.27.

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.