GE Aerospace $GE Shares Sold by Versant Capital Management Inc

Versant Capital Management Inc lowered its holdings in GE Aerospace (NYSE:GE) by 8.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,539 shares of the company’s stock after selling 1,332 shares during the quarter. GE Aerospace accounts for about 0.6% of Versant Capital Management Inc’s holdings, making the stock its 28th biggest position. Versant Capital Management Inc’s holdings in GE Aerospace were worth $3,742,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Putney Financial Group LLC acquired a new stake in GE Aerospace in the fourth quarter valued at $28,000. IMA Advisory Services Inc. acquired a new position in shares of GE Aerospace during the 1st quarter worth $28,000. Copia Wealth Management raised its stake in shares of GE Aerospace by 14,200.0% during the 1st quarter. Copia Wealth Management now owns 143 shares of the company’s stock worth $29,000 after buying an additional 142 shares during the last quarter. Nova Wealth Management Inc. acquired a new position in shares of GE Aerospace during the 1st quarter worth $29,000. Finally, Wealth Preservation Advisors LLC acquired a new position in shares of GE Aerospace during the 1st quarter worth $30,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

GE Aerospace Trading Up 0.0%

GE Aerospace stock opened at $281.67 on Friday. The stock has a market cap of $298.69 billion, a PE ratio of 39.28, a P/E/G ratio of 3.03 and a beta of 1.48. The stock has a 50-day moving average price of $269.33 and a 200 day moving average price of $233.93. GE Aerospace has a 52 week low of $159.36 and a 52 week high of $286.91. The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.88.

GE Aerospace (NYSE:GE) last posted its quarterly earnings data on Thursday, July 17th. The company reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.23. The firm had revenue of $10.15 billion during the quarter, compared to analysts’ expectations of $9.49 billion. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The firm’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.20 EPS. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Equities research analysts predict that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Monday, July 7th were issued a $0.36 dividend. The ex-dividend date was Monday, July 7th. This represents a $1.44 annualized dividend and a yield of 0.5%. GE Aerospace’s payout ratio is 20.08%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on GE. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of GE Aerospace in a research note on Friday, August 15th. Royal Bank Of Canada lifted their price target on GE Aerospace from $275.00 to $300.00 and gave the stock an “outperform” rating in a research note on Friday, July 18th. Wall Street Zen raised GE Aerospace from a “hold” rating to a “buy” rating in a research note on Saturday. Barclays lifted their price target on GE Aerospace from $230.00 to $295.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 23rd. Finally, UBS Group lifted their price objective on GE Aerospace from $300.00 to $321.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. Ten equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, GE Aerospace has an average rating of “Moderate Buy” and an average target price of $232.92.

GE Aerospace 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.