Acropolis Investment Management LLC Buys New Position in GE Aerospace $GE

Acropolis Investment Management LLC purchased a new position in shares of GE Aerospace (NYSE:GE) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,096 shares of the company’s stock, valued at approximately $631,000.

A number of other hedge funds and other institutional investors have also modified their holdings of GE. Grove Bank & Trust boosted its position in GE Aerospace by 1.0% during the third quarter. Grove Bank & Trust now owns 3,537 shares of the company’s stock worth $1,064,000 after acquiring an additional 35 shares during the last quarter. Terril Brothers Inc. lifted its stake in shares of GE Aerospace by 2.7% during the 2nd quarter. Terril Brothers Inc. now owns 1,406 shares of the company’s stock worth $362,000 after purchasing an additional 37 shares during the period. New England Capital Financial Advisors LLC boosted its holdings in shares of GE Aerospace by 5.0% during the second quarter. New England Capital Financial Advisors LLC now owns 772 shares of the company’s stock worth $199,000 after purchasing an additional 37 shares during the last quarter. First Financial Bank Trust Division grew its position in shares of GE Aerospace by 0.7% in the third quarter. First Financial Bank Trust Division now owns 5,176 shares of the company’s stock valued at $1,557,000 after purchasing an additional 37 shares during the period. Finally, Old North State Wealth Management LLC grew its position in shares of GE Aerospace by 1.9% in the second quarter. Old North State Wealth Management LLC now owns 2,101 shares of the company’s stock valued at $542,000 after purchasing an additional 39 shares during the period. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

GE Aerospace Price Performance

GE Aerospace stock opened at $301.76 on Friday. The firm has a fifty day moving average of $299.40 and a 200-day moving average of $279.50. GE Aerospace has a 52-week low of $159.36 and a 52-week high of $316.67. 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 firm has a market capitalization of $318.30 billion, a P/E ratio of 40.29, a PEG ratio of 2.26 and a beta of 1.40.

GE Aerospace (NYSE:GE) last posted its earnings results 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 business had revenue of $11.31 billion for the quarter, compared to analyst estimates of $10.29 billion. During the same quarter in the previous year, the business posted $1.15 EPS. The business’s quarterly 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. As a group, analysts predict that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

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

Insider Activity

In related news, SVP Russell Stokes sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $297.71, for a total transaction of $2,381,680.00. Following the sale, the senior vice president directly owned 150,434 shares in the company, valued at approximately $44,785,706.14. This trade represents a 5.05% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on GE shares. Citigroup initiated coverage on GE Aerospace in a research report on Thursday, December 11th. They set a “buy” rating and a $386.00 target price on the stock. Wolfe Research increased their price objective on shares of GE Aerospace from $280.00 to $330.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th. Wall Street Zen raised shares of GE Aerospace from a “hold” rating to a “buy” rating in a research report on Saturday, December 13th. BNP Paribas Exane began coverage on shares of GE Aerospace in a report on Tuesday, November 18th. They issued an “underperform” rating for the company. Finally, Zacks Research lowered shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. Sixteen investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, GE Aerospace presently has an average rating of “Moderate Buy” and a consensus price target of $309.94.

GE Aerospace 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.