GE Aerospace $GE Shares Sold by Heritage Investors Management Corp

Heritage Investors Management Corp decreased its position in GE Aerospace (NYSE:GE) by 1.0% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 20,954 shares of the company’s stock after selling 216 shares during the period. Heritage Investors Management Corp’s holdings in GE Aerospace were worth $5,393,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. IMG Wealth Management Inc. lifted its holdings in shares of GE Aerospace by 113.5% in the second quarter. IMG Wealth Management Inc. now owns 111 shares of the company’s stock valued at $29,000 after buying an additional 59 shares during the period. IMA Advisory Services Inc. acquired a new stake in shares of GE Aerospace during the first quarter worth $28,000. Nova Wealth Management Inc. acquired a new stake in shares of GE Aerospace during the first quarter worth $29,000. Wealth Preservation Advisors LLC acquired a new stake in shares of GE Aerospace during the first quarter worth $30,000. Finally, O Brien Wealth Partners LLC acquired a new stake in shares of GE Aerospace during the first quarter worth $33,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

GE Aerospace Stock Up 1.3%

NYSE:GE opened at $313.92 on Thursday. The firm has a market capitalization of $331.13 billion, a price-to-earnings ratio of 41.91, a PEG ratio of 3.04 and a beta of 1.49. GE Aerospace has a 1-year low of $159.36 and a 1-year high of $316.67. 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 business’s fifty day moving average price is $291.90 and its 200 day moving average price is $258.52.

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

GE Aerospace Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on GE shares. Zacks Research lowered GE Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. JPMorgan Chase & Co. boosted their target price on GE Aerospace from $275.00 to $325.00 and gave the stock an “overweight” rating in a research report on Monday. UBS Group set a $366.00 price target on GE Aerospace and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Wells Fargo & Company upped their price target on GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. Finally, Citigroup reissued 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. Fifteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $301.27.

GE Aerospace Company 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.