Worth Asset Management LLC Trims Stake in GE Aerospace $GE

Worth Asset Management LLC lessened its holdings in shares of GE Aerospace (NYSE:GE) by 60.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,782 shares of the company’s stock after selling 4,234 shares during the quarter. Worth Asset Management LLC’s holdings in GE Aerospace were worth $837,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Kaydan Wealth Management Inc. purchased a new position in GE Aerospace during the third quarter valued at $476,000. Perigon Wealth Management LLC raised its stake in shares of GE Aerospace by 19.2% in the third quarter. Perigon Wealth Management LLC now owns 18,044 shares of the company’s stock worth $5,428,000 after buying an additional 2,909 shares during the period. Parisi Gray Wealth Management raised its stake in shares of GE Aerospace by 11.1% in the third quarter. Parisi Gray Wealth Management now owns 6,661 shares of the company’s stock worth $2,004,000 after buying an additional 668 shares during the period. Sapient Capital LLC lifted its position in shares of GE Aerospace by 7.5% during the 3rd quarter. Sapient Capital LLC now owns 177,673 shares of the company’s stock valued at $52,306,000 after buying an additional 12,365 shares in the last quarter. Finally, Sovereign Financial Group Inc. grew its stake in shares of GE Aerospace by 4.7% during the 3rd quarter. Sovereign Financial Group Inc. now owns 2,561 shares of the company’s stock valued at $771,000 after acquiring an additional 114 shares during the period. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

GE Aerospace Price Performance

GE stock opened at $315.30 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 company’s fifty day moving average price is $301.31 and its 200-day moving average price is $282.42. GE Aerospace has a one year low of $159.36 and a one year high of $318.06. The company has a market capitalization of $332.58 billion, a PE ratio of 42.10, a price-to-earnings-growth ratio of 2.43 and a beta of 1.40.

GE Aerospace (NYSE:GE) last posted its 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. The company had revenue of $11.31 billion during the quarter, compared to analysts’ expectations of $10.29 billion. GE Aerospace had a net margin of 18.34% and a return on equity of 34.01%. GE Aerospace’s quarterly revenue was up 26.4% on a year-over-year basis. During the same period last year, the company posted $1.15 earnings per share. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. On average, equities analysts anticipate that GE Aerospace will post 5.4 EPS 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. Stockholders of record on Monday, December 29th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, December 29th. GE Aerospace’s payout ratio is 19.23%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on GE shares. Wall Street Zen upgraded shares of GE Aerospace from a “hold” rating to a “buy” rating in a research note on Saturday, December 13th. Jefferies Financial Group increased their price objective on shares of GE Aerospace from $320.00 to $350.00 and gave the stock a “buy” rating in a research note on Monday, September 22nd. Sanford C. Bernstein restated an “outperform” rating on shares of GE Aerospace in a research note on Monday, October 27th. BNP Paribas raised shares of GE Aerospace to a “strong sell” rating in a report on Tuesday, November 18th. Finally, JPMorgan Chase & Co. increased their price target on GE Aerospace from $275.00 to $325.00 and gave the stock an “overweight” rating in a research note on Monday, October 27th. Sixteen analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $309.94.

Insider Activity at GE Aerospace

In related news, SVP Russell Stokes sold 8,000 shares of the stock in a transaction that occurred on Wednesday, November 19th. The stock was 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 of the company’s stock, valued at approximately $44,785,706.14. This represents a 5.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.21% of the company’s stock.

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.