GE Aerospace $GE Shares Sold by Shell Asset Management Co.

Shell Asset Management Co. lessened its holdings in GE Aerospace (NYSE:GE) by 51.9% in the 3rd quarter, Holdings Channel.com reports. The fund owned 16,604 shares of the company’s stock after selling 17,928 shares during the period. GE Aerospace makes up 0.5% of Shell Asset Management Co.’s holdings, making the stock its 25th biggest holding. Shell Asset Management Co.’s holdings in GE Aerospace were worth $4,995,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Jacobsen Capital Management boosted its stake in GE Aerospace by 1.4% in the 3rd quarter. Jacobsen Capital Management now owns 2,295 shares of the company’s stock worth $690,000 after purchasing an additional 32 shares in the last quarter. Harfst & Associates Inc. lifted its stake in shares of GE Aerospace by 0.4% during the third quarter. Harfst & Associates Inc. now owns 7,444 shares of the company’s stock worth $2,239,000 after buying an additional 33 shares during the period. Ledyard National Bank grew its holdings in shares of GE Aerospace by 1.2% during the third quarter. Ledyard National Bank now owns 2,754 shares of the company’s stock valued at $828,000 after buying an additional 33 shares during the last quarter. RMG Wealth Management LLC increased its position in shares of GE Aerospace by 8.3% in the 3rd quarter. RMG Wealth Management LLC now owns 442 shares of the company’s stock valued at $132,000 after acquiring an additional 34 shares during the period. Finally, Grove Bank & Trust raised its stake in GE Aerospace by 1.0% in the 3rd quarter. Grove Bank & Trust now owns 3,537 shares of the company’s stock worth $1,064,000 after acquiring an additional 35 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

GE Aerospace Stock Performance

GE opened at $315.24 on Friday. The firm has a fifty day moving average price of $309.55 and a 200 day moving average price of $297.22. GE Aerospace has a 1 year low of $159.36 and a 1 year high of $332.79. The stock has a market cap of $330.63 billion, a P/E ratio of 38.73, a P/E/G ratio of 2.91 and a beta of 1.40. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.04 and a quick ratio of 0.74.

GE Aerospace (NYSE:GE) last released its quarterly earnings data on Thursday, January 22nd. The company reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.14. The company had revenue of $11.90 billion during the quarter, compared to analysts’ expectations of $11.27 billion. GE Aerospace had a net margin of 18.98% and a return on equity of 35.52%. The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.32 earnings per share. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. Equities research analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 27th. Investors of record on Monday, March 9th will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Monday, March 9th. This is a positive change from GE Aerospace’s previous quarterly dividend of $0.36. GE Aerospace’s payout ratio is currently 23.10%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on GE shares. Sanford C. Bernstein reissued an “outperform” rating on shares of GE Aerospace in a report on Monday, October 27th. Citigroup reiterated a “buy” rating and issued a $380.00 price target (up previously from $378.00) on shares of GE Aerospace in a report on Friday, January 23rd. TD Cowen lifted their price objective on shares of GE Aerospace from $330.00 to $350.00 and gave the company a “buy” rating in a research note on Wednesday, January 14th. UBS Group set a $374.00 price objective on shares of GE Aerospace and gave the company a “buy” rating in a report on Friday, January 23rd. Finally, Bank of America upped their price target on shares of GE Aerospace from $310.00 to $365.00 and gave the company a “buy” rating in a report on Monday, October 27th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has given a Hold rating and one has assigned 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 $319.00.

Insiders Place Their Bets

In other GE Aerospace news, VP Robert M. Giglietti sold 3,035 shares of the firm’s stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $305.51, for a total value of $927,222.85. Following the sale, the vice president directly owned 10,583 shares of the company’s stock, valued at approximately $3,233,212.33. This trade represents a 22.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Amy L. Gowder sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $305.73, for a total value of $1,222,920.00. Following the completion of the sale, the senior vice president owned 16,535 shares of the company’s stock, valued at $5,055,245.55. This trade represents a 19.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 45,398 shares of company stock worth $13,837,171. 0.21% of the stock is owned by corporate insiders.

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.