GE Aerospace $GE Shares Sold by Calamos Wealth Management LLC

Calamos Wealth Management LLC trimmed its holdings in shares of GE Aerospace (NYSE:GE) by 41.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,403 shares of the company’s stock after selling 7,934 shares during the period. Calamos Wealth Management LLC’s holdings in GE Aerospace were worth $3,430,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Grove Bank & Trust increased its stake in GE Aerospace by 1.0% in the third quarter. Grove Bank & Trust now owns 3,537 shares of the company’s stock valued at $1,064,000 after purchasing an additional 35 shares during the last quarter. Perkins Coie Trust Co boosted its holdings in GE Aerospace by 7.9% in the 3rd quarter. Perkins Coie Trust Co now owns 492 shares of the company’s stock valued at $148,000 after purchasing an additional 36 shares in the last quarter. Terril Brothers Inc. lifted its holdings in GE Aerospace by 2.7% in 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 period. New England Capital Financial Advisors LLC boosted its position in shares of GE Aerospace by 5.0% during the 2nd 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 in the last quarter. Finally, First Financial Bank Trust Division grew its stake in shares of GE Aerospace by 0.7% during the 3rd quarter. First Financial Bank Trust Division now owns 5,176 shares of the company’s stock worth $1,557,000 after purchasing an additional 37 shares during the period. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Insider Activity

In other GE Aerospace news, SVP Russell Stokes sold 8,000 shares of the business’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $297.71, for a total value 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. The trade was a 5.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on GE shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of GE Aerospace in a research note on Wednesday, October 8th. Wolfe Research upped their price target on shares of GE Aerospace from $280.00 to $330.00 and gave the company an “outperform” rating in a report on Thursday, October 9th. Jefferies Financial Group increased their price target on shares of GE Aerospace from $320.00 to $350.00 and gave the company a “buy” rating in a research report on Monday, September 22nd. Bank of America lifted their price objective on GE Aerospace from $310.00 to $365.00 and gave the stock a “buy” rating in a research report on Monday, October 27th. Finally, JPMorgan Chase & Co. upped their target price on shares of GE Aerospace from $275.00 to $325.00 and gave the company an “overweight” rating in a report on Monday, October 27th. Sixteen research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $309.94.

GE Aerospace Stock Up 0.1%

Shares of NYSE:GE opened at $311.78 on Wednesday. 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 company’s fifty day moving average is $301.59 and its two-hundred day moving average is $283.73. GE Aerospace has a 1-year low of $159.36 and a 1-year high of $318.06. The stock has a market capitalization of $328.87 billion, a price-to-earnings ratio of 41.63, a price-to-earnings-growth ratio of 2.41 and a beta of 1.40.

GE Aerospace (NYSE:GE) last issued its quarterly earnings data on Tuesday, October 21st. The company reported $1.66 EPS for the quarter, topping 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 firm had revenue of $11.31 billion during the quarter, compared to the consensus estimate of $10.29 billion. During the same period in the prior year, the business earned $1.15 EPS. The firm’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. Equities analysts anticipate that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

The company 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. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Monday, December 29th. GE Aerospace’s dividend payout ratio (DPR) is presently 19.23%.

About GE Aerospace

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.