NWF Advisory Services Inc. Sells 10,228 Shares of GE Aerospace $GE

NWF Advisory Services Inc. decreased its position in shares of GE Aerospace (NYSE:GE) by 75.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,416 shares of the company’s stock after selling 10,228 shares during the period. NWF Advisory Services Inc.’s holdings in GE Aerospace were worth $879,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of GE Aerospace in the 2nd quarter valued at $3,408,828,000. Amundi raised its holdings in shares of GE Aerospace by 124.0% during the 1st quarter. Amundi now owns 3,200,479 shares of the company’s stock worth $600,506,000 after buying an additional 1,771,944 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of GE Aerospace by 6.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 25,131,285 shares of the company’s stock worth $5,030,028,000 after buying an additional 1,492,486 shares during the last quarter. Vanguard Group Inc. boosted 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 in the last quarter. Finally, 1832 Asset Management L.P. grew its position in GE Aerospace by 7,406.4% in the first quarter. 1832 Asset Management L.P. now owns 1,212,209 shares of the company’s stock valued at $242,624,000 after acquiring an additional 1,196,060 shares during the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at GE Aerospace

In other GE Aerospace news, SVP Russell Stokes sold 8,000 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $44,785,706.14. The trade was a 5.05% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.21% of the company’s stock.

GE Aerospace Trading Up 0.6%

GE opened at $301.48 on Tuesday. GE Aerospace has a fifty-two week low of $159.36 and a fifty-two week high of $316.67. 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 firm 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 company’s 50 day moving average price is $299.62 and its two-hundred day moving average price is $278.88.

GE Aerospace (NYSE:GE) last released its quarterly earnings results 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 firm had revenue of $11.31 billion during the quarter, compared to the consensus estimate of $10.29 billion. GE Aerospace had a net margin of 18.34% and a return on equity of 34.01%. The company’s revenue for the quarter was up 26.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.15 earnings per share. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. As a group, research analysts predict that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, January 26th. Investors of record on Monday, December 29th will be given 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 (DPR) is currently 19.23%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Citigroup initiated coverage on shares of GE Aerospace in a report on Thursday. They issued a “buy” rating and a $386.00 target price for the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $350.00 price objective on shares of GE Aerospace in a research report on Wednesday, October 8th. Wall Street Zen raised shares of GE Aerospace from a “hold” rating to a “buy” rating in a research note on Saturday. UBS Group set a $366.00 price target on shares of GE Aerospace and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Finally, The Goldman Sachs Group increased their price target on GE Aerospace from $271.00 to $305.00 and gave the company a “buy” rating in a research note on Friday, October 10th. Sixteen investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, GE Aerospace currently has an average rating of “Moderate Buy” and an average target price of $309.94.

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.