Vestor Capital LLC Has $2.20 Million Position in GE Aerospace $GE

Vestor Capital LLC increased its stake in shares of GE Aerospace (NYSE:GE) by 402.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,559 shares of the company’s stock after acquiring an additional 6,855 shares during the quarter. Vestor Capital LLC’s holdings in GE Aerospace were worth $2,203,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. IMG Wealth Management Inc. increased its position in GE Aerospace by 113.5% in the 2nd quarter. IMG Wealth Management Inc. now owns 111 shares of the company’s stock valued at $29,000 after buying an additional 59 shares in the last quarter. Nova Wealth Management Inc. bought a new position in GE Aerospace in the first quarter worth approximately $29,000. Wealth Preservation Advisors LLC bought a new position in GE Aerospace in the first quarter worth approximately $30,000. Financial Network Wealth Advisors LLC grew its stake in GE Aerospace by 81.9% in the first quarter. Financial Network Wealth Advisors LLC now owns 171 shares of the company’s stock valued at $34,000 after acquiring an additional 77 shares during the period. Finally, Penserra Capital Management LLC increased its holdings in shares of GE Aerospace by 126.7% during the second quarter. Penserra Capital Management LLC now owns 204 shares of the company’s stock valued at $52,000 after acquiring an additional 114 shares in the last quarter. 74.77% of the stock is owned by institutional investors.

GE Aerospace Trading Down 1.1%

NYSE GE opened at $287.29 on Friday. The firm has a market capitalization of $303.04 billion, a P/E ratio of 38.36, a PEG ratio of 3.09 and a beta of 1.56. The business has a fifty day simple moving average of $301.45 and a 200 day simple moving average of $271.51. 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 data on Tuesday, October 21st. The company reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $10.29 billion. During the same period in the previous year, the firm earned $1.15 EPS. 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, analysts predict that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

The company also recently announced 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 of this dividend was Monday, September 29th. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. GE Aerospace’s dividend payout ratio (DPR) is currently 19.23%.

Insider Buying and Selling at GE Aerospace

In other news, SVP Russell Stokes sold 8,000 shares of the company’s 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 transaction, the senior vice president directly owned 150,434 shares of the company’s stock, valued at $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 available at this hyperlink. 0.21% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on GE shares. UBS Group set a $366.00 target price on GE Aerospace and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Wolfe Research boosted their price target on shares of GE Aerospace from $280.00 to $330.00 and gave the company an “outperform” rating in a research note on Thursday, October 9th. Sanford C. Bernstein restated an “outperform” rating on shares of GE Aerospace in a report on Monday, October 27th. 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 report on Friday, October 10th. Finally, JPMorgan Chase & Co. boosted their target price on shares of GE Aerospace from $275.00 to $325.00 and gave the stock an “overweight” rating in a research report on Monday, October 27th. Fifteen equities research 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 data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $301.27.

GE Aerospace Company 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.