AG2R LA Mondiale Gestion D Actifs Sells 258 Shares of GE Aerospace $GE

AG2R LA Mondiale Gestion D Actifs reduced its stake in shares of GE Aerospace (NYSE:GE) by 0.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,735 shares of the company’s stock after selling 258 shares during the quarter. GE Aerospace accounts for 0.5% of AG2R LA Mondiale Gestion D Actifs’ portfolio, making the stock its 29th largest position. AG2R LA Mondiale Gestion D Actifs’ holdings in GE Aerospace were worth $10,227,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Focus Partners Advisor Solutions LLC grew its holdings in shares of GE Aerospace by 22.6% in the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 25,617 shares of the company’s stock worth $6,591,000 after purchasing an additional 4,725 shares during the last quarter. Hobart Private Capital LLC boosted its position in GE Aerospace by 65.0% in the second quarter. Hobart Private Capital LLC now owns 2,424 shares of the company’s stock valued at $624,000 after buying an additional 955 shares in the last quarter. NORTHSTAR ASSET MANAGEMENT Co grew its stake in GE Aerospace by 4.9% during the second quarter. NORTHSTAR ASSET MANAGEMENT Co now owns 2,135 shares of the company’s stock worth $550,000 after buying an additional 100 shares during the last quarter. Sage Mountain Advisors LLC grew its stake in GE Aerospace by 15.1% during the second quarter. Sage Mountain Advisors LLC now owns 6,431 shares of the company’s stock worth $1,655,000 after buying an additional 842 shares during the last quarter. Finally, MN Wealth Advisors LLC acquired a new stake in shares of GE Aerospace during the second quarter worth approximately $201,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

GE Aerospace Price Performance

GE Aerospace stock opened at $303.97 on Friday. The business’s 50-day simple moving average is $289.19 and its 200 day simple moving average is $254.75. The company has a quick ratio of 0.73, a current ratio of 1.08 and a debt-to-equity ratio of 0.99. The stock has a market cap of $320.63 billion, a price-to-earnings ratio of 40.58, a P/E/G ratio of 3.18 and a beta of 1.49. GE Aerospace has a 12-month low of $159.36 and a 12-month high of $316.53.

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

GE Aerospace Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Monday, September 29th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Monday, September 29th. GE Aerospace’s payout ratio is currently 19.23%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on GE shares. Citigroup restated a “buy” rating and set a $296.00 price target (up from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. Wolfe Research increased their target price on GE Aerospace from $280.00 to $330.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th. The Goldman Sachs Group raised their target price on GE Aerospace from $271.00 to $305.00 and gave the company a “buy” rating in a research note on Friday, October 10th. Barclays upped their price target on shares of GE Aerospace from $230.00 to $295.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Finally, TD Cowen boosted their target price on shares of GE Aerospace from $300.00 to $330.00 and gave the stock a “buy” rating in a research note on Tuesday, October 7th. Fifteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $284.27.

About GE Aerospace

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.