Whitaker Myers Wealth Managers LTD. Invests $941,000 in GE Aerospace $GE

Whitaker Myers Wealth Managers LTD. purchased a new position in shares of GE Aerospace (NYSE:GE) during the third quarter, Holdings Channel reports. The firm purchased 3,129 shares of the company’s stock, valued at approximately $941,000.

Other hedge funds also recently bought and sold shares of the company. Grove Bank & Trust boosted its holdings in shares of GE Aerospace by 1.0% during the 3rd quarter. Grove Bank & Trust now owns 3,537 shares of the company’s stock worth $1,064,000 after purchasing an additional 35 shares during the last quarter. Perkins Coie Trust Co lifted its position in GE Aerospace by 7.9% during the third quarter. Perkins Coie Trust Co now owns 492 shares of the company’s stock worth $148,000 after buying an additional 36 shares in the last quarter. Terril Brothers Inc. lifted its position in GE Aerospace by 2.7% during the second quarter. Terril Brothers Inc. now owns 1,406 shares of the company’s stock worth $362,000 after buying an additional 37 shares in the last quarter. New England Capital Financial Advisors LLC boosted its stake in GE Aerospace by 5.0% during the second quarter. New England Capital Financial Advisors LLC now owns 772 shares of the company’s stock worth $199,000 after buying an additional 37 shares during the last quarter. Finally, First Financial Bank Trust Division grew its holdings in GE Aerospace by 0.7% in the 3rd quarter. First Financial Bank Trust Division now owns 5,176 shares of the company’s stock valued at $1,557,000 after buying an additional 37 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

GE Aerospace Trading Up 0.3%

NYSE GE opened at $316.48 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. The firm has a market cap of $333.83 billion, a price-to-earnings ratio of 42.25, a PEG ratio of 2.45 and a beta of 1.40. The firm has a 50 day simple moving average of $301.02 and a 200-day simple moving average of $281.70. GE Aerospace has a one year low of $159.36 and a one year high of $317.75.

GE Aerospace (NYSE:GE) last released its earnings results on Tuesday, October 21st. The company reported $1.66 earnings per share (EPS) 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 period last year, the business posted $1.15 earnings per share. GE Aerospace’s revenue 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. Equities research analysts anticipate that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Announces Dividend

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 paid a $0.36 dividend. The ex-dividend date is Monday, December 29th. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. GE Aerospace’s payout ratio is currently 19.23%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Susquehanna assumed coverage on GE Aerospace in a research note on Thursday, December 4th. They issued a “positive” rating and a $350.00 target price for the company. The Goldman Sachs Group raised their price objective on shares of GE Aerospace from $271.00 to $305.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. Bank of America lifted their target price on shares of GE Aerospace from $310.00 to $365.00 and gave the stock a “buy” rating in a research note on Monday, October 27th. Zacks Research cut shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $350.00 price target on shares of GE Aerospace in a report on Wednesday, October 8th. Sixteen 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’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $309.94.

Insider Buying and Selling

In other GE Aerospace news, SVP Russell Stokes sold 8,000 shares of the stock in a transaction that occurred on 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 sale, the senior vice president directly owned 150,434 shares of the company’s stock, valued at approximately $44,785,706.14. This represents a 5.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.21% of the stock is owned by company insiders.

GE Aerospace Company Profile

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.