GE Aerospace $GE Stock Position Increased by Bluegrass Capital Partners LP

Bluegrass Capital Partners LP lifted its holdings in shares of GE Aerospace (NYSE:GE) by 16.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 72,000 shares of the company’s stock after purchasing an additional 10,000 shares during the quarter. GE Aerospace comprises about 12.8% of Bluegrass Capital Partners LP’s holdings, making the stock its 3rd biggest holding. Bluegrass Capital Partners LP’s holdings in GE Aerospace were worth $18,532,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Terril Brothers Inc. boosted its position in GE Aerospace by 2.7% in the 2nd quarter. Terril Brothers Inc. now owns 1,406 shares of the company’s stock valued at $362,000 after buying an additional 37 shares during the period. New England Capital Financial Advisors LLC raised its stake in shares of GE Aerospace by 5.0% in the second quarter. New England Capital Financial Advisors LLC now owns 772 shares of the company’s stock valued at $199,000 after acquiring an additional 37 shares in the last quarter. Old North State Wealth Management LLC boosted its holdings in GE Aerospace by 1.9% in the second quarter. Old North State Wealth Management LLC now owns 2,101 shares of the company’s stock valued at $542,000 after purchasing an additional 39 shares during the period. Stephens Consulting LLC boosted its holdings in GE Aerospace by 18.0% in the second quarter. Stephens Consulting LLC now owns 256 shares of the company’s stock valued at $66,000 after purchasing an additional 39 shares during the period. Finally, Francis Financial Inc. grew its stake in GE Aerospace by 3.3% during the 2nd quarter. Francis Financial Inc. now owns 1,215 shares of the company’s stock worth $313,000 after purchasing an additional 39 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

Insider Buying and Selling at GE Aerospace

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

Analyst Ratings Changes

Several equities analysts have recently issued reports on GE shares. The Goldman Sachs Group lifted their price objective on GE Aerospace from $271.00 to $305.00 and gave the company a “buy” rating in a research note on Friday, October 10th. TD Cowen lifted their price target on shares of GE Aerospace from $300.00 to $330.00 and gave the stock a “buy” rating in a research note on Tuesday, October 7th. Bank of America boosted their price target on shares of GE Aerospace from $310.00 to $365.00 and gave the stock a “buy” rating in a report on Monday, October 27th. Royal Bank Of Canada raised their price objective on shares of GE Aerospace from $300.00 to $340.00 and gave the company an “outperform” rating in a report on Friday, October 17th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $350.00 price target on shares of GE Aerospace in a report on Wednesday, October 8th. Fifteen research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $301.27.

GE Aerospace Price Performance

Shares of NYSE:GE opened at $287.29 on Friday. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $316.67. The firm has a market capitalization of $303.04 billion, a P/E ratio of 38.36, a P/E/G ratio of 3.09 and a beta of 1.56. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.08 and a quick ratio of 0.76. The company’s fifty day moving average price is $301.45 and its 200 day moving average price is $271.08.

GE Aerospace (NYSE:GE) last issued its quarterly earnings data on Tuesday, October 21st. The company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.20. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.The company had revenue of $11.31 billion for the quarter, compared to analyst estimates of $10.29 billion. During the same quarter last 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. As a group, sell-side analysts predict that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

The company also recently disclosed 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 currently 19.23%.

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.