Cynosure Group LLC Purchases 13,073 Shares of GE Aerospace $GE

Cynosure Group LLC increased its position in shares of GE Aerospace (NYSE:GE) by 26.7% during the 2nd quarter, HoldingsChannel reports. The fund owned 62,027 shares of the company’s stock after purchasing an additional 13,073 shares during the quarter. GE Aerospace accounts for about 1.8% of Cynosure Group LLC’s investment portfolio, making the stock its 13th largest holding. Cynosure Group LLC’s holdings in GE Aerospace were worth $15,965,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its holdings in GE Aerospace by 3.0% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 7,154,078 shares of the company’s stock worth $1,841,388,000 after purchasing an additional 208,027 shares during the last quarter. Enterprise Financial Services Corp grew its position in shares of GE Aerospace by 5.5% during the 2nd quarter. Enterprise Financial Services Corp now owns 3,193 shares of the company’s stock worth $822,000 after buying an additional 167 shares during the period. American Century Companies Inc. raised its stake in shares of GE Aerospace by 125.9% during the second quarter. American Century Companies Inc. now owns 1,066,520 shares of the company’s stock worth $274,512,000 after buying an additional 594,487 shares during the last quarter. Nemes Rush Group LLC raised its stake in shares of GE Aerospace by 12.9% during the second quarter. Nemes Rush Group LLC now owns 1,635 shares of the company’s stock worth $421,000 after buying an additional 187 shares during the last quarter. Finally, Cowa LLC lifted its holdings in GE Aerospace by 9.1% in the second quarter. Cowa LLC now owns 1,831 shares of the company’s stock valued at $471,000 after buying an additional 153 shares during the period. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, SVP Russell Stokes sold 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $297.71, for a total value of $2,381,680.00. Following the completion of the transaction, the senior vice president owned 150,434 shares in the company, valued at $44,785,706.14. This represents a 5.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.21% of the company’s stock.

GE Aerospace Stock Performance

Shares of GE Aerospace stock opened at $287.29 on Friday. The stock’s fifty day simple moving average is $301.45 and its 200 day simple moving average is $271.51. The company has a current ratio of 1.08, a quick ratio of 0.76 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $303.04 billion, a PE ratio of 38.36, a PEG ratio of 3.09 and a beta of 1.56. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $316.67.

GE Aerospace (NYSE:GE) last posted 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 firm had revenue of $11.31 billion during the quarter, compared to analysts’ expectations of $10.29 billion. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.The company’s revenue was up 26.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.15 earnings per share. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. On average, research analysts predict that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 27th. Shareholders of record on Monday, September 29th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 0.5%. The ex-dividend date was Monday, September 29th. GE Aerospace’s dividend payout ratio (DPR) is 19.23%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of GE Aerospace in a report on Monday, October 27th. UBS Group set a $366.00 price objective on GE Aerospace and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Wolfe Research upped their price objective on GE Aerospace from $280.00 to $330.00 and gave the company an “outperform” rating in a report on Thursday, October 9th. TD Cowen raised their target price on GE Aerospace from $300.00 to $330.00 and gave the stock a “buy” rating in a report on Tuesday, October 7th. Finally, Royal Bank Of Canada boosted their target price on GE Aerospace from $300.00 to $340.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. Fifteen investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.