Brighton Jones LLC Boosts Stock Holdings in GE Aerospace $GE

Brighton Jones LLC grew its position in GE Aerospace (NYSE:GEFree Report) by 21.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,888 shares of the company’s stock after purchasing an additional 3,644 shares during the period. Brighton Jones LLC’s holdings in GE Aerospace were worth $6,284,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Grove Bank & Trust lifted its position in shares of GE Aerospace by 1.0% during the 3rd quarter. Grove Bank & Trust now owns 3,537 shares of the company’s stock worth $1,064,000 after buying an additional 35 shares in the last quarter. Perkins Coie Trust Co grew its holdings in shares of GE Aerospace by 7.9% in the third quarter. Perkins Coie Trust Co now owns 492 shares of the company’s stock valued at $148,000 after acquiring an additional 36 shares in the last quarter. Terril Brothers Inc. increased its position in shares of GE Aerospace by 2.7% during the second quarter. Terril Brothers Inc. now owns 1,406 shares of the company’s stock valued at $362,000 after acquiring an additional 37 shares during the last quarter. New England Capital Financial Advisors LLC lifted its holdings in 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 acquiring an additional 37 shares during the period. Finally, First Financial Bank Trust Division lifted its holdings in GE Aerospace by 0.7% during the third quarter. First Financial Bank Trust Division now owns 5,176 shares of the company’s stock worth $1,557,000 after acquiring an additional 37 shares during the period. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, SVP Russell Stokes sold 8,000 shares of the firm’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $297.71, for a total value of $2,381,680.00. Following the completion of the transaction, the senior vice president directly owned 150,434 shares of the company’s stock, valued at $44,785,706.14. This trade represents a 5.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.21% of the stock is currently owned by corporate insiders.

GE Aerospace News Roundup

Here are the key news stories impacting GE Aerospace this week:

GE Aerospace Trading Up 1.9%

Shares of GE Aerospace stock opened at $307.44 on Monday. The stock has a market capitalization of $324.29 billion, a P/E ratio of 41.05, a P/E/G ratio of 2.37 and a beta of 1.40. 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. The stock’s 50-day simple moving average is $299.71 and its 200 day simple moving average is $280.34.

GE Aerospace (NYSE:GEGet Free Report) last posted 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. 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 during the quarter, compared to the consensus estimate of $10.29 billion. During the same quarter last year, the company earned $1.15 earnings per share. The company’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. As a group, research analysts anticipate that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 26th. Shareholders of record on Monday, December 29th will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, December 29th. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. GE Aerospace’s payout ratio is presently 19.23%.

Analysts Set New Price Targets

A number of brokerages have issued reports on GE. The Goldman Sachs Group upped their price objective on GE Aerospace from $271.00 to $305.00 and gave the company a “buy” rating in a research note on Friday, October 10th. Wolfe Research increased their price target on shares of GE Aerospace from $280.00 to $330.00 and gave the company an “outperform” rating in a research report on Thursday, October 9th. Zacks Research downgraded shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. UBS Group set a $366.00 price objective on shares of GE Aerospace and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of GE Aerospace in a research report on Wednesday, October 8th. Sixteen equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $309.94.

View Our Latest Research Report on GE Aerospace

About GE Aerospace

(Free Report)

GE Aerospace (NYSE: GE) is the aerospace business of General Electric, focused on the design, manufacture and support of aircraft engines, integrated propulsion systems and related aftermarket services. The company serves commercial airlines, airframers, business and general aviation operators, and defense customers, providing propulsion solutions for a broad range of aircraft types from single‑aisle airliners to widebody and military platforms.

Its product portfolio includes a family of commercial and military jet engines as well as spare parts, components and systems engineering.

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Institutional Ownership by Quarter for GE Aerospace (NYSE:GE)

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