Gilder Gagnon Howe & Co. LLC Grows Position in GE Aerospace $GE

by · The Cerbat Gem

Gilder Gagnon Howe & Co. LLC grew its position in GE Aerospace (NYSE:GE – Free Report) by 60.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 122,697 shares of the company’s stock after purchasing an additional 46,317 shares during the period. Gilder Gagnon Howe & Co. LLC’s holdings in GE Aerospace were worth $31,581,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Ameriflex Group Inc. lifted its position in shares of GE Aerospace by 23.5% during the second quarter. Ameriflex Group Inc. now owns 1,742 shares of the company’s stock worth $437,000 after purchasing an additional 331 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in GE Aerospace by 17.1% during the 1st quarter. Smartleaf Asset Management LLC now owns 8,241 shares of the company’s stock worth $1,647,000 after buying an additional 1,201 shares during the period. Police & Firemen s Retirement System of New Jersey lifted its holdings in GE Aerospace by 1.8% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 159,682 shares of the company’s stock worth $41,101,000 after buying an additional 2,779 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in GE Aerospace by 7.0% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 182,120 shares of the company’s stock worth $46,876,000 after buying an additional 11,873 shares in the last quarter. Finally, Vigilare Wealth Management purchased a new position in GE Aerospace in the 2nd quarter valued at about $627,000. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on GE shares. Wolfe Research lifted their target price on GE Aerospace from $280.00 to $330.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. The Goldman Sachs Group raised their price objective on GE Aerospace from $271.00 to $305.00 and gave the company a “buy” rating in a research note on Friday, October 10th. Jefferies Financial Group upped their target price on GE Aerospace from $320.00 to $350.00 and gave the company a “buy” rating in a research report on Monday, September 22nd. Sanford C. Bernstein reiterated an “outperform” rating on shares of GE Aerospace in a research note on Monday, October 27th. Finally, Citigroup assumed coverage on shares of GE Aerospace in a research report on Thursday. They set a “buy” rating and a $386.00 price target for the company. Sixteen research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $309.94.

Get Our Latest Analysis on GE Aerospace

Insider Activity

In other news, SVP Russell Stokes sold 8,000 shares of the firm’s 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 transaction, the senior vice president directly owned 150,434 shares in the company, valued at approximately $44,785,706.14. This trade represents a 5.05% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.21% of the company’s stock.

GE Aerospace Trading Up 4.1%

NYSE:GE opened at $300.23 on Friday. The company has a quick ratio of 0.76, a current ratio of 1.08 and a debt-to-equity ratio of 0.99. The business’s 50 day moving average is $299.55 and its two-hundred day moving average is $277.98. GE Aerospace has a 52 week low of $159.36 and a 52 week high of $316.67. The company has a market cap of $316.69 billion, a PE ratio of 40.08, a P/E/G ratio of 2.24 and a beta of 1.40.

GE Aerospace (NYSE:GE – Get Free Report) last issued 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 business had revenue of $11.31 billion during the quarter, compared to the consensus estimate of $10.29 billion. During the same period in the previous year, the business earned $1.15 EPS. The business’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. On average, analysts predict that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

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

GE Aerospace Company Profile

(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.

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