Harfst & Associates Inc. Purchases 3,805 Shares of GE Aerospace $GE

Harfst & Associates Inc. boosted its holdings in shares of GE Aerospace (NYSE:GE) by 105.5% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 7,411 shares of the company’s stock after purchasing an additional 3,805 shares during the period. Harfst & Associates Inc.’s holdings in GE Aerospace were worth $1,908,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of GE. GQG Partners LLC acquired a new position in shares of GE Aerospace in the 1st quarter valued at approximately $1,606,840,000. Nuveen LLC bought a new stake in shares of GE Aerospace during the first quarter worth $777,075,000. Amundi raised its holdings in shares of GE Aerospace by 124.0% during the first quarter. Amundi now owns 3,200,479 shares of the company’s stock worth $600,506,000 after acquiring an additional 1,771,944 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of GE Aerospace by 6.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 25,131,285 shares of the company’s stock worth $5,030,028,000 after buying an additional 1,492,486 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in GE Aerospace by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 91,989,511 shares of the company’s stock valued at $23,677,180,000 after buying an additional 1,482,069 shares during the last quarter. 74.77% of the stock is currently owned by institutional investors.

Insider Activity at GE Aerospace

In related news, SVP Russell Stokes sold 8,000 shares of the company’s stock in a transaction dated 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 transaction, the senior vice president directly owned 150,434 shares in the company, 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 SEC, which is accessible through this link. Company insiders own 0.21% of the company’s stock.

GE Aerospace Stock Performance

Shares of GE stock opened at $296.94 on Thursday. GE Aerospace has a 52 week low of $159.36 and a 52 week high of $316.67. The company has a market capitalization of $313.22 billion, a price-to-earnings ratio of 39.65, a PEG ratio of 3.09 and a beta of 1.56. The company has a 50-day simple moving average of $301.75 and a 200 day simple moving average of $273.22. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.76 and a current ratio of 1.08.

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 net margin of 18.34% and a return on equity of 34.01%. The firm had revenue of $11.31 billion during the quarter, compared to the consensus estimate of $10.29 billion. During the same period last year, the business posted $1.15 earnings per share. The business’s revenue for the quarter 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 predict that GE Aerospace will post 5.4 earnings per share for the current 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 given a dividend of $0.36 per share. The ex-dividend date was Monday, September 29th. This represents a $1.44 annualized dividend and a yield of 0.5%. GE Aerospace’s dividend payout ratio (DPR) is presently 19.23%.

Analyst Ratings Changes

Several brokerages have recently weighed in on GE. Zacks Research cut shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. BNP Paribas upgraded shares of GE Aerospace to a “strong sell” rating in a research note on Tuesday, November 18th. Weiss Ratings restated a “buy (b)” rating on shares of GE Aerospace in a research note on Wednesday, October 8th. JPMorgan Chase & Co. raised their target price on shares of GE Aerospace from $275.00 to $325.00 and gave the company an “overweight” rating in a research note on Monday, October 27th. Finally, BNP Paribas Exane assumed coverage on GE Aerospace in a report on Tuesday, November 18th. They set an “underperform” rating for the company. Fifteen analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $301.27.

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.