GE Aerospace $GE Position Increased by Americana Partners LLC

Americana Partners LLC raised its stake in GE Aerospace (NYSE:GE) by 21.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 70,562 shares of the company’s stock after buying an additional 12,414 shares during the period. Americana Partners LLC’s holdings in GE Aerospace were worth $21,226,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Root Financial Partners LLC raised its position in shares of GE Aerospace by 18.4% during the third quarter. Root Financial Partners LLC now owns 2,203 shares of the company’s stock worth $663,000 after purchasing an additional 342 shares during the period. QTR Family Wealth LLC raised its holdings in GE Aerospace by 78.2% during the 3rd quarter. QTR Family Wealth LLC now owns 1,509 shares of the company’s stock worth $454,000 after buying an additional 662 shares during the period. Vista Investment Partners II LLC purchased a new stake in GE Aerospace during the third quarter valued at about $228,000. Turtle Creek Wealth Advisors LLC boosted its holdings in shares of GE Aerospace by 53.8% in the third quarter. Turtle Creek Wealth Advisors LLC now owns 4,089 shares of the company’s stock worth $1,230,000 after buying an additional 1,430 shares during the period. Finally, Tradewinds LLC. purchased a new position in shares of GE Aerospace in the third quarter worth approximately $310,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

GE Aerospace Stock Performance

Shares of GE opened at $325.45 on Tuesday. 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 one year low of $159.36 and a one year high of $332.79. The company’s fifty day moving average price is $305.25 and its 200 day moving average price is $291.16. The company has a market capitalization of $343.29 billion, a PE ratio of 43.45, a price-to-earnings-growth ratio of 2.22 and a beta of 1.40.

GE Aerospace (NYSE:GE) last posted 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 business had revenue of $11.31 billion for the quarter, compared to analyst estimates of $10.29 billion. During the same period in the previous year, the company posted $1.15 earnings per share. The firm’s revenue for the quarter was up 26.4% on a year-over-year basis. As a group, analysts expect 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. This represents a $1.44 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Monday, December 29th. GE Aerospace’s dividend payout ratio is currently 19.23%.

Insider Activity

In related news, SVP Russell Stokes sold 8,000 shares of the business’s stock in a transaction 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 transaction, the senior vice president 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 legal filing with the SEC, which is available through this hyperlink. Insiders own 0.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. BNP Paribas upgraded shares of GE Aerospace to a “strong sell” rating in a research report on Tuesday, November 18th. Susquehanna restated a “positive” rating and issued a $380.00 target price on shares of GE Aerospace in a report on Thursday. Wolfe Research raised their target price on GE Aerospace from $340.00 to $360.00 and gave the stock an “outperform” rating in a research report on Monday, January 12th. Zacks Research downgraded GE Aerospace from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of GE Aerospace in a research report on Monday, October 27th. Sixteen investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $314.00.

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.