GE Aerospace $GE Shares Bought by D.A. Davidson & CO.

D.A. Davidson & CO. grew its stake in GE Aerospace (NYSE:GE) by 4.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,923 shares of the company’s stock after acquiring an additional 1,906 shares during the quarter. D.A. Davidson & CO.’s holdings in GE Aerospace were worth $12,311,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bare Financial Services Inc lifted its holdings in GE Aerospace by 81.1% in the 2nd quarter. Bare Financial Services Inc now owns 96 shares of the company’s stock valued at $25,000 after purchasing an additional 43 shares in the last quarter. Lavaca Capital LLC raised its position in shares of GE Aerospace by 1,666.7% in the second quarter. Lavaca Capital LLC now owns 106 shares of the company’s stock valued at $27,000 after buying an additional 100 shares during the last quarter. Nova Wealth Management Inc. purchased a new position in shares of GE Aerospace during the first quarter valued at approximately $29,000. IMG Wealth Management Inc. lifted its stake in shares of GE Aerospace by 113.5% during the second quarter. IMG Wealth Management Inc. now owns 111 shares of the company’s stock valued at $29,000 after buying an additional 59 shares during the period. Finally, 1248 Management LLC acquired a new stake in GE Aerospace during the second quarter worth approximately $39,000. Hedge funds and other institutional investors own 74.77% of the company’s stock.

GE Aerospace Stock Performance

Shares of NYSE:GE opened at $324.07 on Tuesday. The business has a 50-day moving average of $302.40 and a two-hundred day moving average of $285.96. The firm has a market capitalization of $341.84 billion, a PE ratio of 43.27, a P/E/G ratio of 2.19 and a beta of 1.40. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.08 and a quick ratio of 0.76. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $329.43.

GE Aerospace (NYSE:GE) last issued its earnings results on Tuesday, October 21st. The company reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.20. The business had revenue of $11.31 billion during the quarter, compared to analysts’ expectations of $10.29 billion. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.The company’s revenue for the quarter was up 26.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.15 EPS. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. As a group, research analysts forecast that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Announces Dividend

The firm also recently disclosed 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 of this dividend 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 presently 19.23%.

Insider Activity at GE Aerospace

In other news, SVP Russell Stokes sold 8,000 shares of the firm’s stock in a transaction on 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 transaction, the senior vice president owned 150,434 shares of the company’s stock, valued at approximately $44,785,706.14. This trade represents a 5.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.21% of the company’s stock.

Wall Street Analysts Forecast Growth

GE has been the subject of several analyst reports. UBS Group set a $366.00 price target on GE Aerospace and gave the company a “buy” rating in a report on Wednesday, October 22nd. TD Cowen upped their target price on GE Aerospace from $300.00 to $330.00 and gave the company a “buy” rating in a research note on Tuesday, October 7th. Zacks Research downgraded GE Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. BNP Paribas Exane assumed coverage on GE Aerospace in a report on Tuesday, November 18th. They issued an “underperform” rating for the company. Finally, Jefferies Financial Group upped their price objective on shares of GE Aerospace from $320.00 to $350.00 and gave the company a “buy” rating in a research note on Monday, September 22nd. Sixteen 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’s stock. Based on data from MarketBeat.com, GE Aerospace has a consensus rating of “Moderate Buy” and a consensus price target of $309.94.

GE Aerospace 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.