GE Aerospace $GE Shares Acquired by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC lifted its stake in shares of GE Aerospace (NYSE:GE) by 7.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,927 shares of the company’s stock after purchasing an additional 2,378 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in GE Aerospace were worth $10,507,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new position in GE Aerospace during the 2nd quarter worth $3,408,828,000. Vanguard Group Inc. raised its holdings in GE Aerospace by 1.6% during the second quarter. Vanguard Group Inc. now owns 91,989,511 shares of the company’s stock worth $23,677,180,000 after purchasing an additional 1,482,069 shares in the last quarter. Kingstone Capital Partners Texas LLC purchased a new position in GE Aerospace during the second quarter worth about $227,998,000. Lazard Asset Management LLC lifted its position in GE Aerospace by 4,253.7% in the second quarter. Lazard Asset Management LLC now owns 796,422 shares of the company’s stock valued at $204,991,000 after purchasing an additional 778,129 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in GE Aerospace by 3.1% in the 2nd quarter. Geode Capital Management LLC now owns 24,113,967 shares of the company’s stock valued at $6,181,956,000 after purchasing an additional 724,559 shares in the last quarter. 74.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at GE Aerospace

In other news, SVP Russell Stokes sold 8,000 shares of the firm’s 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 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.21% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on GE shares. Jefferies Financial Group increased their target price on GE Aerospace from $320.00 to $350.00 and gave the stock a “buy” rating in a research note on Monday, September 22nd. Zacks Research lowered GE Aerospace from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. Royal Bank Of Canada raised their target price on GE Aerospace from $300.00 to $340.00 and gave the company an “outperform” rating in a report on Friday, October 17th. BNP Paribas Exane began coverage on shares of GE Aerospace in a research report on Tuesday, November 18th. They set an “underperform” rating on the stock. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of GE Aerospace in a report on Wednesday, October 8th. Sixteen investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $309.94.

GE Aerospace Stock Up 4.1%

GE Aerospace stock opened at $320.69 on Friday. GE Aerospace has a fifty-two week low of $159.36 and a fifty-two week high of $320.98. The firm has a market capitalization of $338.26 billion, a price-to-earnings ratio of 42.82, a price-to-earnings-growth ratio of 2.19 and a beta of 1.40. The stock’s fifty day moving average is $302.18 and its two-hundred day moving average is $285.00. 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:GE) last released its quarterly earnings data 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 for the quarter, compared to analyst estimates of $10.29 billion. GE Aerospace had a net margin of 18.34% and a return on equity of 34.01%. The business’s revenue for the quarter was up 26.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.15 EPS. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. Analysts predict that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 26th. Stockholders 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 annualized dividend and a dividend yield of 0.4%. GE Aerospace’s dividend payout ratio 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.