Brookwood Investment Group LLC Trims Holdings in GE Aerospace $GE

Brookwood Investment Group LLC lowered its holdings in GE Aerospace (NYSE:GE) by 48.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 3,195 shares of the company’s stock after selling 2,967 shares during the quarter. Brookwood Investment Group LLC’s holdings in GE Aerospace were worth $961,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Bare Financial Services Inc boosted its holdings in GE Aerospace by 81.1% in the second quarter. Bare Financial Services Inc now owns 96 shares of the company’s stock valued at $25,000 after acquiring an additional 43 shares in the last quarter. Lavaca Capital LLC raised its holdings in GE Aerospace by 1,666.7% in the 2nd quarter. Lavaca Capital LLC now owns 106 shares of the company’s stock worth $27,000 after purchasing an additional 100 shares in the last quarter. IMG Wealth Management Inc. lifted its position in shares of GE Aerospace by 113.5% in the 2nd quarter. IMG Wealth Management Inc. now owns 111 shares of the company’s stock worth $29,000 after purchasing an additional 59 shares during the period. Elevation Wealth Partners LLC boosted its stake in shares of GE Aerospace by 122.6% during the 3rd quarter. Elevation Wealth Partners LLC now owns 138 shares of the company’s stock valued at $42,000 after purchasing an additional 76 shares in the last quarter. Finally, Nova Wealth Management Inc. purchased a new position in shares of GE Aerospace during the first quarter valued at about $29,000. 74.77% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other GE Aerospace news, SVP Russell Stokes sold 8,000 shares of GE Aerospace 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 completion of the transaction, the senior vice president directly owned 150,434 shares of the company’s stock, 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 filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.21% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on GE. UBS Group set a $366.00 price objective on shares of GE Aerospace and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Weiss Ratings restated a “buy (b)” rating on shares of GE Aerospace in a research note on Wednesday, October 8th. Bank of America upped their price target on GE Aerospace from $310.00 to $365.00 and gave the stock a “buy” rating in a research note on Monday, October 27th. BNP Paribas Exane initiated coverage on GE Aerospace in a research report on Tuesday, November 18th. They set an “underperform” rating for the company. Finally, Wolfe Research boosted their target price 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. 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. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $309.94.

GE Aerospace Stock Performance

GE Aerospace stock opened at $320.69 on Friday. GE Aerospace has a twelve month low of $159.36 and a twelve month high of $320.98. 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 company has a market capitalization of $338.26 billion, a P/E ratio of 42.82, a PEG ratio of 2.19 and a beta of 1.40. The stock’s 50 day moving average is $302.18 and its 200 day moving average is $285.00.

GE Aerospace (NYSE:GE) last released its 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. 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 period in the previous year, the company posted $1.15 earnings per share. The company’s revenue for the quarter was up 26.4% compared to the same quarter last year. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. On average, equities research analysts predict that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

The company also recently disclosed 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 0.4%. The ex-dividend date is Monday, December 29th. GE Aerospace’s dividend payout ratio (DPR) is currently 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.