Caxton Associates LLP Raises Stock Position in GE Aerospace $GE

Caxton Associates LLP increased its holdings in shares of GE Aerospace (NYSE:GE) by 648.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 39,655 shares of the company’s stock after purchasing an additional 34,358 shares during the period. Caxton Associates LLP’s holdings in GE Aerospace were worth $10,207,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in GE. Brighton Jones LLC raised its holdings in shares of GE Aerospace by 25.3% during the 4th 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 period. Revolve Wealth Partners LLC grew its position in GE Aerospace by 7.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company’s stock valued at $375,000 after acquiring an additional 150 shares in the last quarter. Vestmark Advisory Solutions Inc. raised its stake in shares of GE Aerospace by 137.5% during the first quarter. Vestmark Advisory Solutions Inc. now owns 4,092 shares of the company’s stock valued at $819,000 after purchasing an additional 2,369 shares during the period. Horizon Investments LLC lifted its position in shares of GE Aerospace by 1.8% during the first quarter. Horizon Investments LLC now owns 18,170 shares of the company’s stock worth $3,637,000 after purchasing an additional 326 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of GE Aerospace by 25.6% during the first quarter. EverSource Wealth Advisors LLC now owns 9,932 shares of the company’s stock worth $1,988,000 after purchasing an additional 2,024 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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

GE Aerospace Stock Performance

Shares of GE stock opened at $300.23 on Friday. The stock has a market capitalization of $316.69 billion, a price-to-earnings ratio of 40.08, a PEG ratio of 2.33 and a beta of 1.40. GE Aerospace has a one year low of $159.36 and a one year high of $316.67. The company’s 50-day simple moving average is $299.55 and its 200-day simple moving average is $278.24. 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 announced its quarterly earnings data 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 analysts’ expectations of $10.29 billion. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.GE Aerospace’s revenue for the quarter was up 26.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.15 earnings per share. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. Equities analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

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

Wall Street Analysts Forecast Growth

GE has been the topic of several analyst reports. Wolfe Research lifted their price target on shares of GE Aerospace from $280.00 to $330.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. The Goldman Sachs Group raised their target price on GE Aerospace from $271.00 to $305.00 and gave the company a “buy” rating in a research note on Friday, October 10th. Susquehanna assumed coverage on GE Aerospace in a research note on Thursday, December 4th. They issued a “positive” rating and a $350.00 price target on the stock. Bank of America increased their price target on GE Aerospace from $310.00 to $365.00 and gave the company a “buy” rating in a report on Monday, October 27th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $350.00 price objective on shares of GE Aerospace in a report on Wednesday, October 8th. Sixteen analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, GE Aerospace currently has a consensus rating of “Moderate Buy” and a consensus target price of $309.94.

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.