Keybank National Association OH Grows Stock Holdings in GE Aerospace $GE

Keybank National Association OH lifted its position in shares of GE Aerospace (NYSE:GE) by 0.8% during the second quarter, Holdings Channel reports. The institutional investor owned 51,529 shares of the company’s stock after purchasing an additional 410 shares during the period. Keybank National Association OH’s holdings in GE Aerospace were worth $13,263,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Old North State Wealth Management LLC lifted its stake in shares of GE Aerospace by 1.9% during the 2nd quarter. Old North State Wealth Management LLC now owns 2,101 shares of the company’s stock valued at $542,000 after buying an additional 39 shares in the last quarter. Stephens Consulting LLC increased its holdings in GE Aerospace by 18.0% in the 2nd quarter. Stephens Consulting LLC now owns 256 shares of the company’s stock valued at $66,000 after acquiring an additional 39 shares during the last quarter. Webster Bank N. A. increased its holdings in GE Aerospace by 2.1% in the 2nd quarter. Webster Bank N. A. now owns 1,970 shares of the company’s stock valued at $507,000 after acquiring an additional 41 shares during the last quarter. Pacific Sage Partners LLC increased its holdings in GE Aerospace by 3.5% in the 2nd quarter. Pacific Sage Partners LLC now owns 1,220 shares of the company’s stock valued at $314,000 after acquiring an additional 41 shares during the last quarter. Finally, Ascent Capital Management LLC increased its holdings in GE Aerospace by 1.9% in the 2nd quarter. Ascent Capital Management LLC now owns 2,273 shares of the company’s stock valued at $585,000 after acquiring an additional 42 shares during the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.

GE Aerospace Stock Performance

GE Aerospace stock opened at $310.64 on Friday. The company’s 50-day moving average price is $292.75 and its 200-day moving average price is $258.88. GE Aerospace has a twelve month low of $159.36 and a twelve month high of $316.67. The company has a quick ratio of 0.76, a current ratio of 1.08 and a debt-to-equity ratio of 0.99. The company has a market cap of $327.67 billion, a PE ratio of 41.47, a price-to-earnings-growth ratio of 3.09 and a beta of 1.49.

GE Aerospace (NYSE:GE) last posted its earnings results on Tuesday, October 21st. The company reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.20. GE Aerospace had a net margin of 18.34% and a return on equity of 34.01%. The firm had revenue of $11.31 billion for the quarter, compared to the consensus estimate of $10.29 billion. During the same period in the previous year, the firm posted $1.15 EPS. The business’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. On average, equities research analysts forecast that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts have issued reports on GE shares. Wolfe Research lifted their price target on shares of GE Aerospace from $280.00 to $330.00 and gave the company an “outperform” rating in a report on Thursday, October 9th. Sanford C. Bernstein reiterated an “outperform” rating on shares of GE Aerospace in a report on Monday. UBS Group set a $366.00 price target on shares of GE Aerospace and gave the company a “buy” rating in a report on Wednesday, October 22nd. Weiss Ratings reiterated a “buy (b)” rating on shares of GE Aerospace in a report on Wednesday, October 8th. Finally, Barclays lifted their price target on shares of GE Aerospace from $230.00 to $295.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Fifteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $301.27.

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.