Elyxium Wealth LLC Sells 675 Shares of GE Aerospace $GE

Elyxium Wealth LLC trimmed its position in shares of GE Aerospace (NYSE:GE) by 16.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,403 shares of the company’s stock after selling 675 shares during the period. Elyxium Wealth LLC’s holdings in GE Aerospace were worth $876,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in GE. GQG Partners LLC bought a new position in GE Aerospace during the first quarter valued at approximately $1,606,840,000. Nuveen LLC purchased a new stake in GE Aerospace during the 1st quarter valued at $777,075,000. Amundi lifted 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 boosted its stake in shares of GE Aerospace by 6.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 25,131,285 shares of the company’s stock worth $5,030,028,000 after buying an additional 1,492,486 shares during the last quarter. Finally, 1832 Asset Management L.P. boosted its stake in shares of GE Aerospace by 7,406.4% in the 1st quarter. 1832 Asset Management L.P. now owns 1,212,209 shares of the company’s stock worth $242,624,000 after buying an additional 1,196,060 shares during the last quarter. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on the company. JPMorgan Chase & Co. lifted their price target on GE Aerospace from $275.00 to $325.00 and gave the stock an “overweight” rating in a research report on Monday, October 27th. Wells Fargo & Company lifted their target price on GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Wolfe Research boosted their target price on GE Aerospace from $280.00 to $330.00 and gave the company an “outperform” rating in a research report on Thursday, October 9th. Sanford C. Bernstein restated an “outperform” rating on shares of GE Aerospace in a report on Monday, October 27th. Finally, Bank of America lifted their price objective 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. Fifteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $301.27.

GE Aerospace Price Performance

GE Aerospace stock opened at $308.74 on Tuesday. The stock has a market cap of $325.67 billion, a price-to-earnings ratio of 41.22, a price-to-earnings-growth ratio of 3.09 and a beta of 1.49. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.08 and a quick ratio of 0.76. GE Aerospace has a 1 year low of $159.36 and a 1 year high of $316.67. The firm has a 50-day moving average of $294.44 and a two-hundred day moving average of $261.69.

GE Aerospace (NYSE:GE) last issued its earnings results on Tuesday, October 21st. The company reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.20. The business had revenue of $11.31 billion during the quarter, compared to analysts’ expectations of $10.29 billion. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.The business’s revenue for the quarter was up 26.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.15 EPS. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. On average, research analysts forecast that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 27th. Investors 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 dividend 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.