GE Aerospace $GE Shares Bought by Synergy Asset Management LLC

Synergy Asset Management LLC raised its position in shares of GE Aerospace (NYSE:GE) by 122.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 42,538 shares of the company’s stock after purchasing an additional 23,435 shares during the quarter. Synergy Asset Management LLC’s holdings in GE Aerospace were worth $12,796,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Bare Financial Services Inc lifted its holdings in shares of GE Aerospace by 81.1% during the second quarter. Bare Financial Services Inc now owns 96 shares of the company’s stock worth $25,000 after purchasing an additional 43 shares during the period. Lavaca Capital LLC increased its holdings in GE Aerospace by 1,666.7% in the 2nd quarter. Lavaca Capital LLC now owns 106 shares of the company’s stock worth $27,000 after buying an additional 100 shares during the period. Nova Wealth Management Inc. purchased a new position in GE Aerospace during the 1st quarter worth approximately $29,000. IMG Wealth Management Inc. lifted its stake 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 acquiring an additional 59 shares during the period. Finally, 1248 Management LLC purchased a new stake in shares of GE Aerospace in the 2nd quarter valued at $39,000. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on GE shares. BNP Paribas raised shares of GE Aerospace to a “strong sell” rating in a report on Tuesday, November 18th. Bank of America lifted their price objective on GE Aerospace from $310.00 to $365.00 and gave the company a “buy” rating in a research note on Monday, October 27th. BNP Paribas Exane started coverage on GE Aerospace in a research note on Tuesday, November 18th. They issued an “underperform” rating on the stock. Wolfe Research raised their target price on GE Aerospace from $280.00 to $330.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th. Finally, TD Cowen boosted their price target on GE Aerospace from $300.00 to $330.00 and gave the company a “buy” rating in a report on Tuesday, October 7th. Sixteen analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $309.94.

GE Aerospace Price Performance

NYSE:GE opened at $320.69 on Friday. The company has a quick ratio of 0.76, a current ratio of 1.08 and a debt-to-equity ratio of 0.99. GE Aerospace has a 52 week low of $159.36 and a 52 week high of $320.98. The stock’s 50-day moving average price is $302.18 and its 200-day moving average price is $284.65. The stock has a market capitalization of $338.27 billion, a PE ratio of 42.82, a price-to-earnings-growth ratio of 2.10 and a beta of 1.40.

GE Aerospace (NYSE:GE) last issued its quarterly earnings results on Tuesday, October 21st. The company reported $1.66 earnings per share (EPS) for the quarter, topping 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 company had revenue of $11.31 billion for the quarter, compared to the consensus estimate of $10.29 billion. During the same quarter in the prior year, the business posted $1.15 earnings per share. GE Aerospace’s revenue for the quarter was up 26.4% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. As a group, equities analysts expect that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Announces Dividend

The business 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 of this dividend is Monday, December 29th. This represents a $1.44 dividend on an annualized basis and a yield of 0.4%. GE Aerospace’s dividend payout ratio (DPR) is currently 19.23%.

Insider Buying and Selling

In related 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 value of $2,381,680.00. Following the completion of the sale, the senior vice president owned 150,434 shares of the company’s stock, valued at approximately $44,785,706.14. The trade was a 5.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.