National Bank of Canada FI Grows Stake in GE Aerospace $GE

by · The Cerbat Gem

National Bank of Canada FI lifted its holdings in shares of GE Aerospace (NYSE:GE – Free Report) by 118.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,240,303 shares of the company’s stock after acquiring an additional 673,714 shares during the period. National Bank of Canada FI owned 0.12% of GE Aerospace worth $319,237,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bare Financial Services Inc boosted its holdings in shares of GE Aerospace by 81.1% in the 2nd quarter. Bare Financial Services Inc now owns 96 shares of the company’s stock valued at $25,000 after buying an additional 43 shares in the last quarter. Lavaca Capital LLC boosted its stake in GE Aerospace by 1,666.7% in the second quarter. Lavaca Capital LLC now owns 106 shares of the company’s stock valued at $27,000 after acquiring an additional 100 shares in the last quarter. Nova Wealth Management Inc. acquired a new position in GE Aerospace in the first quarter valued at $29,000. IMG Wealth Management Inc. grew its holdings in shares of GE Aerospace by 113.5% during the second quarter. IMG Wealth Management Inc. now owns 111 shares of the company’s stock worth $29,000 after purchasing an additional 59 shares during the last quarter. Finally, Wealth Preservation Advisors LLC acquired a new stake in shares of GE Aerospace during the first quarter worth about $30,000. 74.77% of the stock is owned by institutional investors and hedge funds.

GE Aerospace Price Performance

GE Aerospace stock opened at $300.23 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.08 and a quick ratio of 0.76. The business has a 50 day simple moving average of $299.55 and a 200-day simple moving average of $278.24. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $316.67. The stock has a market capitalization of $316.69 billion, a PE ratio of 40.08, a price-to-earnings-growth ratio of 2.33 and a beta of 1.40.

GE Aerospace (NYSE:GE – Get Free Report) last announced its quarterly earnings data on Tuesday, October 21st. The company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.20. The company had revenue of $11.31 billion for the quarter, compared to analysts’ expectations of $10.29 billion. GE Aerospace had a net margin of 18.34% and a return on equity of 34.01%. GE Aerospace’s revenue was up 26.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.15 EPS. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. Equities analysts predict that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, January 26th. Investors of record on Monday, December 29th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Monday, December 29th. GE Aerospace’s dividend payout ratio is currently 19.23%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. UBS Group set a $366.00 target price on GE Aerospace and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Wall Street Zen raised GE Aerospace from a “hold” rating to a “buy” rating in a report on Saturday. JPMorgan Chase & Co. raised 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. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $350.00 price target on shares of GE Aerospace in a research report on Wednesday, October 8th. Finally, Wolfe Research increased their price target on shares of GE Aerospace from $280.00 to $330.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. Sixteen investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $309.94.

View Our Latest Analysis on GE

Insider Buying and Selling

In other GE Aerospace news, SVP Russell Stokes sold 8,000 shares of GE Aerospace 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 sale, the senior vice president owned 150,434 shares of the company’s stock, valued at approximately $44,785,706.14. The trade was a 5.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.21% of the stock is currently owned by insiders.

About GE Aerospace

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding GE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GE Aerospace (NYSE:GE – Free Report).