GE Aerospace $GE Shares Sold by Jacobi Capital Management LLC

Jacobi Capital Management LLC lessened its position in shares of GE Aerospace (NYSE:GE) by 9.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,132 shares of the company’s stock after selling 506 shares during the quarter. Jacobi Capital Management LLC’s holdings in GE Aerospace were worth $1,027,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Truvestments Capital LLC raised its position in shares of GE Aerospace by 19.5% during the 1st quarter. Truvestments Capital LLC now owns 282 shares of the company’s stock valued at $56,000 after buying an additional 46 shares during the period. Sfmg LLC raised its position in shares of GE Aerospace by 2.4% during the 1st quarter. Sfmg LLC now owns 2,088 shares of the company’s stock valued at $418,000 after buying an additional 48 shares during the period. SGL Investment Advisors Inc. raised its position in shares of GE Aerospace by 3.6% during the 1st quarter. SGL Investment Advisors Inc. now owns 1,413 shares of the company’s stock valued at $303,000 after buying an additional 49 shares during the period. Hudock Inc. raised its position in shares of GE Aerospace by 1.8% during the 1st quarter. Hudock Inc. now owns 2,905 shares of the company’s stock valued at $582,000 after buying an additional 50 shares during the period. Finally, First Pacific Financial raised its position in shares of GE Aerospace by 46.0% during the 1st quarter. First Pacific Financial now owns 165 shares of the company’s stock valued at $33,000 after buying an additional 52 shares during the period. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on GE. Royal Bank Of Canada lifted their price target on shares of GE Aerospace from $275.00 to $300.00 and gave the company an “outperform” rating in a research report on Friday, July 18th. Barclays boosted their target price on GE Aerospace from $230.00 to $295.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. Wall Street Zen lowered GE Aerospace from a “buy” rating to a “hold” rating in a research report on Saturday, August 30th. UBS Group boosted their target price on GE Aerospace from $300.00 to $321.00 and gave the company a “buy” rating in a research report on Friday, July 18th. Finally, Citigroup reissued a “buy” rating and issued a $296.00 target price (up previously from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. Ten analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, GE Aerospace currently has a consensus rating of “Moderate Buy” and a consensus price target of $232.92.

GE Aerospace Stock Down 0.6%

GE Aerospace stock opened at $281.75 on Friday. GE Aerospace has a twelve month low of $159.36 and a twelve month high of $286.91. The stock’s fifty day simple moving average is $268.63 and its 200-day simple moving average is $233.13. The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $298.78 billion, a P/E ratio of 39.30, a P/E/G ratio of 3.05 and a beta of 1.48.

GE Aerospace (NYSE:GE) last posted its earnings results on Thursday, July 17th. The company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.43 by $0.23. The firm had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.49 billion. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.GE Aerospace’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.20 earnings per share. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. As a group, equities analysts expect 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 Friday, July 25th. Shareholders of record on Monday, July 7th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Monday, July 7th. GE Aerospace’s payout ratio is presently 20.08%.

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.