Kingswood Wealth Advisors LLC Has $2.83 Million Stock Holdings in GE Aerospace $GE

Kingswood Wealth Advisors LLC raised its position in GE Aerospace (NYSE:GE) by 22.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,401 shares of the company’s stock after acquiring an additional 1,737 shares during the period. Kingswood Wealth Advisors LLC’s holdings in GE Aerospace were worth $2,828,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of GE. Vanguard Group Inc. raised its stake in shares of GE Aerospace by 1.6% in the second quarter. Vanguard Group Inc. now owns 91,989,511 shares of the company’s stock valued at $23,677,180,000 after purchasing an additional 1,482,069 shares in the last quarter. State Street Corp raised its stake in shares of GE Aerospace by 1.4% in the 2nd quarter. State Street Corp now owns 44,268,912 shares of the company’s stock valued at $11,394,375,000 after buying an additional 613,866 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of GE Aerospace by 3.1% during the 2nd quarter. Geode Capital Management LLC now owns 24,113,967 shares of the company’s stock worth $6,181,956,000 after acquiring an additional 724,559 shares during the period. Norges Bank bought a new position in shares of GE Aerospace during the 2nd quarter worth about $3,408,828,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of GE Aerospace by 3.0% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 7,154,078 shares of the company’s stock valued at $1,841,388,000 after acquiring an additional 208,027 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

Wall Street Analysts Forecast Growth

GE has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $350.00 price target on shares of GE Aerospace in a research report on Wednesday, October 8th. Royal Bank Of Canada increased their target price on GE Aerospace from $300.00 to $340.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. TD Cowen boosted their price target on GE Aerospace from $300.00 to $330.00 and gave the company a “buy” rating in a research note on Tuesday, October 7th. BNP Paribas Exane initiated coverage on GE Aerospace in a research report on Tuesday, November 18th. They issued an “underperform” rating on the stock. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of GE Aerospace in a report on Wednesday, October 8th. Sixteen 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’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $309.94.

Insider Buying and Selling at GE Aerospace

In related 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 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 $44,785,706.14. This trade represents a 5.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.21% of the stock is currently owned by corporate insiders.

GE Aerospace Price Performance

GE Aerospace stock opened at $314.62 on Friday. The business’s fifty day moving average is $303.03 and its two-hundred day moving average is $287.04. 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 firm has a market cap of $331.86 billion, a P/E ratio of 42.00, a P/E/G ratio of 2.21 and a beta of 1.40. GE Aerospace has a 52 week low of $159.36 and a 52 week high of $332.79.

GE Aerospace (NYSE:GE) last released its quarterly 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. The business had revenue of $11.31 billion during the quarter, compared to analysts’ expectations of $10.29 billion. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.The firm’s revenue for the quarter was up 26.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.15 earnings per share. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. Equities research analysts forecast that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, January 26th. Stockholders of record on Monday, December 29th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date 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.