Park National Corp OH Decreases Stock Holdings in GE Aerospace $GE

Park National Corp OH reduced its position in shares of GE Aerospace (NYSE:GE) by 1.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,440 shares of the company’s stock after selling 183 shares during the period. Park National Corp OH’s holdings in GE Aerospace were worth $2,687,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of GE. Putney Financial Group LLC purchased a new stake in shares of GE Aerospace during the 4th quarter worth $28,000. IMA Advisory Services Inc. purchased a new stake in shares of GE Aerospace during the 1st quarter worth $28,000. Copia Wealth Management raised its stake in 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 acquiring an additional 142 shares in the last quarter. Nova Wealth Management Inc. acquired a new stake in GE Aerospace during the 1st quarter worth $29,000. Finally, Wealth Preservation Advisors LLC acquired a new stake in GE Aerospace during the 1st quarter worth $30,000. 74.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GE has been the topic of several research analyst reports. Wells Fargo & Company lifted their price target on shares of GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Citigroup reiterated a “buy” rating and set a $296.00 price target (up from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th. Northcoast Research lowered shares of GE Aerospace from a “buy” rating to a “neutral” rating in a research note on Monday, May 19th. UBS Group lifted their price target on shares of GE Aerospace from $300.00 to $321.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. Finally, Royal Bank Of Canada lifted their price target on shares of GE Aerospace from $275.00 to $300.00 and gave the stock an “outperform” rating in a research note on Friday, July 18th. Ten equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $232.92.

GE Aerospace Trading Up 0.0%

NYSE GE opened at $281.67 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.73 and a current ratio of 1.04. The firm 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. GE Aerospace has a one year low of $159.36 and a one year high of $286.91. The firm’s fifty day moving average is $269.33 and its two-hundred day moving average is $233.93.

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

GE Aerospace Announces Dividend

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

About GE Aerospace

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.