Tema Etfs LLC Acquires 20,314 Shares of GE Aerospace $GE

Tema Etfs LLC raised its holdings in GE Aerospace (NYSE:GE) by 146.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,160 shares of the company’s stock after purchasing an additional 20,314 shares during the quarter. GE Aerospace accounts for 0.9% of Tema Etfs LLC’s investment portfolio, making the stock its 18th largest position. Tema Etfs LLC’s holdings in GE Aerospace were worth $10,276,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Bare Financial Services Inc raised its position in GE Aerospace by 81.1% in the second quarter. Bare Financial Services Inc now owns 96 shares of the company’s stock worth $25,000 after acquiring an additional 43 shares during the period. Lavaca Capital LLC increased its stake in shares of GE Aerospace by 1,666.7% during the 2nd quarter. Lavaca Capital LLC now owns 106 shares of the company’s stock worth $27,000 after purchasing an additional 100 shares during the last quarter. Barnes Dennig Private Wealth Management LLC increased its stake in shares of GE Aerospace by 147.2% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 89 shares of the company’s stock worth $27,000 after purchasing an additional 53 shares during the last quarter. IMG Wealth Management Inc. raised its holdings in shares of GE Aerospace by 113.5% in the 2nd 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 period. Finally, Roble Belko & Company Inc lifted its stake in GE Aerospace by 98.1% in the third quarter. Roble Belko & Company Inc now owns 103 shares of the company’s stock valued at $31,000 after purchasing an additional 51 shares during the last quarter. 74.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, SVP Russell Stokes sold 8,000 shares of the business’s stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $297.71, for a total transaction 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 $44,785,706.14. The trade was a 5.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.21% of the stock is currently owned by insiders.

GE Aerospace Stock Up 2.3%

Shares of NYSE GE opened at $321.65 on Monday. GE Aerospace has a 52 week low of $159.36 and a 52 week high of $332.79. The business has a 50-day simple moving average of $303.28 and a two-hundred day simple moving average of $288.09. 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 company has a market cap of $339.28 billion, a P/E ratio of 42.94, a P/E/G ratio of 2.20 and a beta of 1.40.

GE Aerospace (NYSE:GE) last announced its quarterly earnings results 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. 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 for the quarter, compared to analysts’ expectations of $10.29 billion. During the same period in the prior year, the business posted $1.15 earnings per share. The company’s 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. Research analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, January 26th. Shareholders 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 annualized dividend and a yield of 0.4%. GE Aerospace’s dividend payout ratio is currently 19.23%.

Wall Street Analysts Forecast Growth

GE has been the subject of a number of recent research reports. TD Cowen raised their target price on GE Aerospace from $300.00 to $330.00 and gave the stock a “buy” rating in a research report on Tuesday, October 7th. The Goldman Sachs Group lifted their price objective on GE Aerospace from $271.00 to $305.00 and gave the stock a “buy” rating in a report on Friday, October 10th. JPMorgan Chase & Co. boosted their price objective on GE Aerospace from $275.00 to $325.00 and gave the company an “overweight” rating in a research note on Monday, October 27th. Wall Street Zen lowered shares of GE Aerospace from a “buy” rating to a “hold” rating in a research report on Saturday, January 3rd. Finally, Jefferies Financial Group boosted their price target on shares of GE Aerospace from $320.00 to $350.00 and gave the company a “buy” rating in a research report on Monday, September 22nd. Sixteen equities research 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.com, the company currently has an average rating of “Moderate Buy” and an average target price of $309.94.

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.