Trust Co of the South Reduces Holdings in GE Aerospace $GE

Trust Co of the South reduced its position in GE Aerospace (NYSE:GE) by 49.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 3,005 shares of the company’s stock after selling 2,931 shares during the period. Trust Co of the South’s holdings in GE Aerospace were worth $904,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in GE. Vanguard Group Inc. lifted its stake in GE Aerospace by 1.6% in the second 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. State Street Corp increased its stake in GE Aerospace by 1.4% in the second quarter. State Street Corp now owns 44,268,912 shares of the company’s stock valued at $11,394,375,000 after purchasing an additional 613,866 shares during the period. Price T Rowe Associates Inc. MD increased its stake in GE Aerospace by 6.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 25,131,285 shares of the company’s stock valued at $5,030,028,000 after purchasing an additional 1,492,486 shares during the period. Geode Capital Management LLC raised its holdings in shares of GE Aerospace by 3.1% in the second quarter. Geode Capital Management LLC now owns 24,113,967 shares of the company’s stock valued at $6,181,956,000 after buying an additional 724,559 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of GE Aerospace during the second quarter worth about $3,408,828,000. 74.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Citigroup initiated coverage on GE Aerospace in a report on Thursday. They set a “buy” rating and a $386.00 price target on the stock. UBS Group set a $366.00 target price on GE Aerospace and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Bank of America boosted their target price on GE Aerospace from $310.00 to $365.00 and gave the company a “buy” rating in a report on Monday, October 27th. JPMorgan Chase & Co. increased their price target on GE Aerospace from $275.00 to $325.00 and gave the stock an “overweight” rating in a report on Monday, October 27th. Finally, The Goldman Sachs Group lifted their price objective on shares of GE Aerospace from $271.00 to $305.00 and gave the company a “buy” rating in a research report on Friday, October 10th. Sixteen equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, GE Aerospace presently has a consensus rating of “Moderate Buy” and a consensus price target of $309.94.

Insider Buying and Selling at GE Aerospace

In other news, SVP Russell Stokes sold 8,000 shares of the 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 completion of the transaction, the senior vice president owned 150,434 shares in the company, valued at $44,785,706.14. This trade represents a 5.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.21% of the stock is currently owned by company insiders.

GE Aerospace Stock Performance

NYSE GE opened at $301.48 on Tuesday. The stock has a market capitalization of $318.00 billion, a price-to-earnings ratio of 40.25, a PEG ratio of 2.31 and a beta of 1.40. The business’s 50 day moving average is $299.62 and its two-hundred day moving average is $278.88. GE Aerospace has a 12-month low of $159.36 and a 12-month high of $316.67. The company has a current ratio of 1.08, a quick ratio of 0.76 and a debt-to-equity ratio of 0.99.

GE Aerospace (NYSE:GE) last posted its quarterly earnings results on Tuesday, October 21st. The company reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.20. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.The firm had revenue of $11.31 billion for the quarter, compared to the consensus estimate of $10.29 billion. During the same period in the previous year, the business earned $1.15 earnings per share. The company’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. Research analysts expect that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, January 26th. Stockholders of record on Monday, December 29th will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, December 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. GE Aerospace’s dividend payout ratio is 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.