GE Aerospace $GE Shares Sold by Gateway Investment Advisers LLC

by · The Markets Daily

Gateway Investment Advisers LLC reduced its position in GE Aerospace (NYSE:GEFree Report) by 47.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,232 shares of the company’s stock after selling 53,727 shares during the period. Gateway Investment Advisers LLC’s holdings in GE Aerospace were worth $18,119,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Bare Financial Services Inc raised its holdings in GE Aerospace by 81.1% in the second quarter. Bare Financial Services Inc now owns 96 shares of the company’s stock valued at $25,000 after buying an additional 43 shares during the period. Lavaca Capital LLC increased its position in shares of GE Aerospace by 1,666.7% in the second quarter. Lavaca Capital LLC now owns 106 shares of the company’s stock worth $27,000 after acquiring an additional 100 shares in the last quarter. Nova Wealth Management Inc. purchased a new position in shares of GE Aerospace in the 1st quarter valued at $29,000. IMG Wealth Management Inc. raised its stake in shares of 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 acquiring an additional 59 shares during the period. Finally, 1248 Management LLC acquired a new position in shares of GE Aerospace during the 2nd quarter valued at $39,000. Hedge funds and other institutional investors own 74.77% of the company’s stock.

GE Aerospace Trading Up 4.1%

NYSE:GE opened at $320.69 on Friday. 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 has a one year low of $159.36 and a one year high of $320.98. The business’s 50-day simple moving average is $302.18 and its 200 day simple moving average is $285.00. The stock has a market cap of $338.26 billion, a price-to-earnings ratio of 42.82, a price-to-earnings-growth ratio of 2.19 and a beta of 1.40.

GE Aerospace (NYSE:GEGet Free Report) last issued its quarterly earnings data 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 during the quarter, compared to analyst estimates of $10.29 billion. During the same quarter last year, the firm earned $1.15 EPS. GE Aerospace’s quarterly revenue was up 26.4% on a year-over-year basis. 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 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 26th. Investors of record on Monday, December 29th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Monday, December 29th. GE Aerospace’s payout ratio is 19.23%.

Insider Transactions at GE Aerospace

In other GE Aerospace news, SVP Russell Stokes sold 8,000 shares of the stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $297.71, for a total transaction of $2,381,680.00. Following the transaction, the senior vice president directly owned 150,434 shares in the company, valued at $44,785,706.14. This represents a 5.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.21% of the stock is owned by corporate insiders.

Analyst Ratings Changes

GE has been the subject of several recent research reports. TD Cowen increased their price target on GE Aerospace from $300.00 to $330.00 and gave the company a “buy” rating in a report on Tuesday, October 7th. Zacks Research downgraded GE Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. Weiss Ratings reiterated a “buy (b)” rating on shares of GE Aerospace in a report on Wednesday, October 8th. Royal Bank Of Canada boosted their price target on GE Aerospace from $300.00 to $340.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of GE Aerospace in a research report on Monday, October 27th. Sixteen equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $309.94.

Get Our Latest Stock Report on GE

GE Aerospace Company Profile

(Free Report)

GE Aerospace (NYSE: GE) is the aerospace business of General Electric, focused on the design, manufacture and support of aircraft engines, integrated propulsion systems and related aftermarket services. The company serves commercial airlines, airframers, business and general aviation operators, and defense customers, providing propulsion solutions for a broad range of aircraft types from single‑aisle airliners to widebody and military platforms.

Its product portfolio includes a family of commercial and military jet engines as well as spare parts, components and systems engineering.

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