GE Aerospace $GE Shares Sold by Lee Johnson Capital Management LLC

Lee Johnson Capital Management LLC decreased its stake in GE Aerospace (NYSE:GE) by 9.6% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 23,239 shares of the company’s stock after selling 2,467 shares during the period. GE Aerospace comprises 2.3% of Lee Johnson Capital Management LLC’s holdings, making the stock its 10th largest position. Lee Johnson Capital Management LLC’s holdings in GE Aerospace were worth $6,991,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently bought and sold shares of the company. Norges Bank acquired a new position in GE Aerospace during the second quarter worth $3,408,828,000. Amundi increased its stake in GE Aerospace by 124.0% in the 1st quarter. Amundi now owns 3,200,479 shares of the company’s stock valued at $600,506,000 after buying an additional 1,771,944 shares during the last quarter. Vanguard Group Inc. lifted its position in GE Aerospace by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 91,989,511 shares of the company’s stock worth $23,677,180,000 after buying an additional 1,482,069 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in GE Aerospace during the 2nd quarter worth about $227,998,000. Finally, Lazard Asset Management LLC boosted its stake in shares of GE Aerospace by 4,253.7% during the 2nd quarter. Lazard Asset Management LLC now owns 796,422 shares of the company’s stock worth $204,991,000 after buying an additional 778,129 shares during the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.

GE Aerospace Stock Up 0.1%

GE stock opened at $311.78 on Wednesday. The business’s 50 day simple moving average is $301.59 and its 200 day simple moving average is $283.73. GE Aerospace has a 1-year low of $159.36 and a 1-year high of $318.06. The firm has a market capitalization of $328.87 billion, a PE ratio of 41.63, a PEG ratio of 2.41 and a beta of 1.40. The company has a current ratio of 1.08, a quick ratio of 0.76 and a debt-to-equity ratio of 0.99.

GE Aerospace (NYSE:GE) last issued its quarterly earnings data on Tuesday, October 21st. The company reported $1.66 earnings per share 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 analyst estimates 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 was up 26.4% on a year-over-year basis. During the same period in the prior 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 anticipate that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Bank of America lifted their target price on GE Aerospace from $310.00 to $365.00 and gave the company a “buy” rating in a research report on Monday, October 27th. UBS Group set a $366.00 price target on GE Aerospace and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Citigroup began coverage on GE Aerospace in a report on Thursday, December 11th. They issued a “buy” rating and a $386.00 price objective for the company. Sanford C. Bernstein reiterated an “outperform” rating on shares of GE Aerospace in a research note on Monday, October 27th. Finally, BNP Paribas Exane assumed coverage on shares of GE Aerospace in a research report on Tuesday, November 18th. They issued an “underperform” rating for the company. Sixteen equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, GE Aerospace currently has an average rating of “Moderate Buy” and a consensus price target of $309.94.

Insider Buying and Selling

In other news, SVP Russell Stokes sold 8,000 shares of the business’s 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 completion of the transaction, the senior vice president directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.21% of the stock is currently owned by corporate insiders.

GE Aerospace 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.