Sound Income Strategies LLC Invests $717,000 in GE Aerospace $GE

Sound Income Strategies LLC purchased a new stake in shares of GE Aerospace (NYSE:GEFree Report) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 2,397 shares of the company’s stock, valued at approximately $717,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Brighton Jones LLC lifted its position in shares of GE Aerospace by 25.3% during the fourth quarter. Brighton Jones LLC now owns 12,008 shares of the company’s stock worth $2,003,000 after acquiring an additional 2,421 shares in the last quarter. Revolve Wealth Partners LLC raised its stake in shares of GE Aerospace by 7.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company’s stock valued at $375,000 after purchasing an additional 150 shares during the period. AlphaQuest LLC lifted its holdings in GE Aerospace by 22.0% during the 1st quarter. AlphaQuest LLC now owns 3,780 shares of the company’s stock worth $757,000 after purchasing an additional 681 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in GE Aerospace by 6.3% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 116,986 shares of the company’s stock worth $23,415,000 after purchasing an additional 6,978 shares during the period. Finally, Bahl & Gaynor Inc. boosted its stake in GE Aerospace by 1.0% in the 1st quarter. Bahl & Gaynor Inc. now owns 5,639 shares of the company’s stock worth $1,129,000 after purchasing an additional 58 shares during the period. 74.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on GE. Zacks Research downgraded shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. Jefferies Financial Group upped their target price on shares of GE Aerospace from $320.00 to $350.00 and gave the stock a “buy” rating in a report on Monday, September 22nd. Susquehanna started coverage on shares of GE Aerospace in a research note on Thursday, December 4th. They issued a “positive” rating and a $350.00 target price on the stock. Wall Street Zen upgraded shares of GE Aerospace from a “hold” rating to a “buy” rating in a research report on Saturday, December 13th. Finally, Bank of America upped their price target on shares of GE Aerospace from $310.00 to $365.00 and gave the stock a “buy” rating in a report on Monday, October 27th. Sixteen investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, GE Aerospace has an average rating of “Moderate Buy” and an average price target of $309.94.

Read Our Latest Stock Analysis on GE

Key GE Aerospace News

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

Insider Transactions at GE Aerospace

In other GE Aerospace news, SVP Russell Stokes sold 8,000 shares of the stock in a transaction that occurred 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 transaction, the senior vice president directly owned 150,434 shares in the company, valued at $44,785,706.14. This trade represents a 5.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.21% of the stock is currently owned by corporate insiders.

GE Aerospace Stock Performance

NYSE GE opened at $307.44 on Monday. GE Aerospace has a 52-week low of $159.36 and a 52-week high of $316.67. The company has a fifty day moving average of $299.71 and a 200-day moving average of $280.34. The company 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. 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:GEGet Free Report) last released its quarterly earnings results on Tuesday, October 21st. The company reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.20. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.The business had revenue of $11.31 billion for the quarter, compared to the consensus estimate of $10.29 billion. During the same quarter last year, the business posted $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. As a group, equities research analysts predict that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, January 26th. Investors of record on Monday, December 29th will be given a $0.36 dividend. The ex-dividend date 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%.

GE Aerospace Profile

(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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