Cynosure Group LLC Reduces Holdings in GE Aerospace $GE

Cynosure Group LLC lowered its position in shares of GE Aerospace (NYSE:GE) by 12.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 54,428 shares of the company’s stock after selling 7,599 shares during the period. GE Aerospace makes up approximately 1.8% of Cynosure Group LLC’s portfolio, making the stock its 14th largest position. Cynosure Group LLC’s holdings in GE Aerospace were worth $16,373,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Bare Financial Services Inc increased its stake in GE Aerospace by 81.1% during the second quarter. Bare Financial Services Inc now owns 96 shares of the company’s stock worth $25,000 after acquiring an additional 43 shares during the last quarter. Lavaca Capital LLC grew its holdings in shares of GE Aerospace by 1,666.7% during the 2nd quarter. Lavaca Capital LLC now owns 106 shares of the company’s stock worth $27,000 after purchasing an additional 100 shares during the period. IMG Wealth Management Inc. grew its holdings in shares of GE Aerospace by 113.5% during 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 increased its position 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 worth $42,000 after purchasing an additional 76 shares during the last quarter. Finally, Nova Wealth Management Inc. purchased a new stake in GE Aerospace in the 1st quarter valued at about $29,000. 74.77% of the stock is currently owned by institutional investors and hedge funds.

GE Aerospace Trading Up 4.1%

Shares of GE stock opened at $320.69 on Monday. GE Aerospace has a fifty-two week low of $159.36 and a fifty-two week high of $320.98. The company has a 50 day moving average price of $302.18 and a 200 day moving average price of $285.34. The stock has a market capitalization of $338.26 billion, a P/E ratio of 42.82, a price-to-earnings-growth ratio of 2.19 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:GE) last issued its quarterly earnings results on Tuesday, October 21st. The company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.46 by $0.20. The company had revenue of $11.31 billion during the quarter, compared to analysts’ expectations of $10.29 billion. GE Aerospace had a net margin of 18.34% and a return on equity of 34.01%. The firm’s revenue was up 26.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.15 EPS. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. Equities research analysts predict that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, January 26th. Investors of record on Monday, December 29th will be issued 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 0.4%. GE Aerospace’s dividend payout ratio (DPR) is 19.23%.

Insider Buying and Selling

In other GE Aerospace news, SVP Russell Stokes sold 8,000 shares of the company’s stock in a transaction dated Wednesday, November 19th. The stock was 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 in the company, valued at $44,785,706.14. This represents a 5.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.21% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Citigroup assumed coverage on shares of GE Aerospace in a research note on Thursday, December 11th. They set a “buy” rating and a $386.00 target price for the company. TD Cowen upped their price objective on shares of GE Aerospace from $300.00 to $330.00 and gave the stock a “buy” rating in a report on Tuesday, October 7th. Wolfe Research increased their price objective on shares of GE Aerospace from $280.00 to $330.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. Wall Street Zen lowered GE Aerospace from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Susquehanna started coverage on GE Aerospace in a research note on Thursday, December 4th. They set a “positive” rating and a $350.00 price target on the stock. Sixteen research 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. According to MarketBeat.com, GE Aerospace presently has an average rating of “Moderate Buy” and a consensus target price of $309.94.

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.