GE Aerospace $GE Shares Acquired by Members Trust Co

Members Trust Co grew its stake in GE Aerospace (NYSE:GE) by 15.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,588 shares of the company’s stock after buying an additional 344 shares during the quarter. Members Trust Co’s holdings in GE Aerospace were worth $666,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Sterling Investment Management LLC lifted its holdings in shares of GE Aerospace by 37.8% in the 2nd quarter. Sterling Investment Management LLC now owns 17,456 shares of the company’s stock valued at $4,493,000 after buying an additional 4,791 shares during the period. Exencial Wealth Advisors LLC lifted its holdings in shares of GE Aerospace by 9.1% in the 2nd quarter. Exencial Wealth Advisors LLC now owns 2,925 shares of the company’s stock valued at $753,000 after buying an additional 244 shares during the period. Cookson Peirce & Co. Inc. lifted its holdings in shares of GE Aerospace by 5.0% in the 2nd quarter. Cookson Peirce & Co. Inc. now owns 8,667 shares of the company’s stock valued at $2,231,000 after buying an additional 411 shares during the period. Brookstone Capital Management lifted its holdings in shares of GE Aerospace by 2.5% in the 2nd quarter. Brookstone Capital Management now owns 21,856 shares of the company’s stock valued at $5,625,000 after buying an additional 531 shares during the period. Finally, OMC Financial Services LTD acquired a new position in shares of GE Aerospace in the 2nd quarter valued at about $221,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

GE Aerospace Price Performance

Shares of GE Aerospace stock opened at $306.47 on Wednesday. GE Aerospace has a twelve month low of $159.36 and a twelve month high of $316.53. The business has a 50-day moving average price of $287.16 and a 200 day moving average price of $252.55. The company has a quick ratio of 0.73, a current ratio of 1.04 and a debt-to-equity ratio of 0.88. The firm has a market cap of $324.99 billion, a PE ratio of 42.74, a P/E/G ratio of 3.26 and a beta of 1.49.

GE Aerospace (NYSE:GE) last posted 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. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The company had revenue of $11.31 billion during the quarter, compared to analyst estimates of $10.29 billion. During the same period in the previous year, the business earned $1.15 EPS. GE Aerospace’s quarterly revenue was up 26.4% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. Sell-side 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, October 27th. Shareholders of record on Monday, September 29th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 0.5%. The ex-dividend date is Monday, September 29th. GE Aerospace’s payout ratio is 20.08%.

Analyst Ratings Changes

GE has been the subject of several analyst reports. Barclays boosted their price objective on GE Aerospace from $230.00 to $295.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Zacks Research lowered GE Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. Wall Street Zen lowered GE Aerospace from a “buy” rating to a “hold” rating in a research note on Sunday, September 21st. Jefferies Financial Group lifted their price target on GE Aerospace from $320.00 to $350.00 and gave the company a “buy” rating in a research note on Monday, September 22nd. Finally, Sanford C. Bernstein lifted their price target on GE Aerospace from $343.00 to $374.00 and gave the company an “outperform” rating in a research note on Wednesday, October 15th. Fifteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $281.27.

GE Aerospace Profile

GE Aerospace (also known as General Electric) is a company that specializes in providing aerospace products and services. It operates through two reportable segments: Commercial Engines and Services and Defense and Propulsion Technologies. It offers jet and turboprop engines, as well as integrated systems for commercial, military, business, and general aviation aircraft.