Los Angeles Capital Management LLC Has $396.71 Million Position in GE Aerospace $GE

Los Angeles Capital Management LLC raised its stake in shares of GE Aerospace (NYSE:GE) by 43.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,318,746 shares of the company’s stock after acquiring an additional 401,145 shares during the quarter. GE Aerospace makes up 1.3% of Los Angeles Capital Management LLC’s portfolio, making the stock its 12th largest holding. Los Angeles Capital Management LLC owned about 0.12% of GE Aerospace worth $396,705,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in GE. Bare Financial Services Inc lifted its holdings in GE Aerospace by 81.1% during the 2nd quarter. Bare Financial Services Inc now owns 96 shares of the company’s stock valued at $25,000 after purchasing an additional 43 shares during the last quarter. Lavaca Capital LLC grew its position in 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 acquiring an additional 100 shares during the last quarter. IMG Wealth Management Inc. increased its holdings in GE Aerospace by 113.5% during the 2nd quarter. IMG Wealth Management Inc. now owns 111 shares of the company’s stock valued at $29,000 after purchasing an additional 59 shares in the last quarter. Elevation Wealth Partners LLC raised its position in GE Aerospace by 122.6% in the 3rd quarter. Elevation Wealth Partners LLC now owns 138 shares of the company’s stock valued at $42,000 after purchasing an additional 76 shares during the last quarter. Finally, Nova Wealth Management Inc. acquired a new position in GE Aerospace in the first quarter worth $29,000. Institutional investors own 74.77% of the company’s stock.

Analyst Upgrades and Downgrades

GE has been the subject of a number of research reports. UBS Group set a $366.00 target price on GE Aerospace and gave the company a “buy” rating in a research note on Wednesday, October 22nd. TD Cowen raised their price objective on shares of GE Aerospace from $300.00 to $330.00 and gave the company a “buy” rating in a research report on Tuesday, October 7th. The Goldman Sachs Group upped their target price 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. Jefferies Financial Group increased their price target on shares of GE Aerospace from $320.00 to $350.00 and gave the company a “buy” rating in a research note on Monday, September 22nd. Finally, Wall Street Zen upgraded GE Aerospace from a “hold” rating to a “buy” rating in a research report on Saturday, December 13th. Sixteen 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 stock. Based on data from MarketBeat, GE Aerospace currently has a consensus 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 firm’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 transaction of $2,381,680.00. Following the sale, the senior vice president directly owned 150,434 shares in the company, valued at approximately $44,785,706.14. This trade represents a 5.05% decrease in their position. The sale 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 Price Performance

GE opened at $311.78 on Wednesday. The stock has a market cap of $328.87 billion, a P/E ratio of 41.63, a P/E/G ratio of 2.41 and a beta of 1.40. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $318.06. 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 fifty day simple moving average of $301.59 and a 200 day simple moving average of $283.73.

GE Aerospace (NYSE:GE) last posted 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 analysts’ expectations of $10.29 billion. During the same period in the previous year, the firm earned $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. On average, research analysts expect that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 26th. Investors 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 of this dividend is Monday, December 29th. GE Aerospace’s dividend payout ratio is presently 19.23%.

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.