GE Aerospace $GE Shares Acquired by Perigon Wealth Management LLC

Perigon Wealth Management LLC increased its holdings in shares of GE Aerospace (NYSE:GE) by 19.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,044 shares of the company’s stock after acquiring an additional 2,909 shares during the quarter. Perigon Wealth Management LLC’s holdings in GE Aerospace were worth $5,428,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Grove Bank & Trust boosted its holdings 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 purchasing an additional 35 shares during the last quarter. Perkins Coie Trust Co lifted its position in GE Aerospace by 7.9% during the third quarter. Perkins Coie Trust Co now owns 492 shares of the company’s stock worth $148,000 after buying an additional 36 shares in the last quarter. Terril Brothers Inc. lifted its position in GE Aerospace by 2.7% during the second quarter. Terril Brothers Inc. now owns 1,406 shares of the company’s stock worth $362,000 after buying an additional 37 shares in the last quarter. New England Capital Financial Advisors LLC boosted its stake 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 buying an additional 37 shares during the last quarter. Finally, First Financial Bank Trust Division grew its holdings in GE Aerospace by 0.7% in the 3rd quarter. First Financial Bank Trust Division now owns 5,176 shares of the company’s stock valued at $1,557,000 after buying an additional 37 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Analyst Ratings Changes

GE has been the topic of several analyst reports. TD Cowen lifted their price target on GE Aerospace from $300.00 to $330.00 and gave the stock a “buy” rating in a report on Tuesday, October 7th. Zacks Research cut shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. UBS Group set a $366.00 target price on shares of GE Aerospace and gave the company a “buy” rating in a report on Wednesday, October 22nd. Susquehanna assumed coverage on shares of GE Aerospace in a research note on Thursday, December 4th. They issued a “positive” rating and a $350.00 price target for the company. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of GE Aerospace in a research 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 assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $309.94.

Insider Transactions at GE Aerospace

In other news, SVP Russell Stokes sold 8,000 shares of the stock in a transaction dated 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 sale, the senior vice president owned 150,434 shares of the company’s stock, valued at approximately $44,785,706.14. This represents a 5.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.21% of the stock is owned by company insiders.

GE Aerospace Stock Down 0.5%

Shares of NYSE GE opened at $315.30 on Monday. 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 business’s 50 day moving average is $301.31 and its two-hundred day moving average is $282.68. GE Aerospace has a 52-week low of $159.36 and a 52-week high of $318.06. The firm has a market cap of $332.58 billion, a price-to-earnings ratio of 42.10, a PEG ratio of 2.43 and a beta of 1.40.

GE Aerospace (NYSE:GE) last released its quarterly earnings results on Tuesday, October 21st. The company reported $1.66 EPS 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 analyst estimates of $10.29 billion. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.The company’s quarterly revenue was up 26.4% on a year-over-year basis. During the same period last year, the business posted $1.15 earnings per share. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. Research analysts predict that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 26th. Shareholders 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 dividend on an annualized basis and a yield of 0.5%. GE Aerospace’s dividend payout ratio is 19.23%.

GE Aerospace Company Profile

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.