GE Aerospace $GE Shares Bought by GAM Holding AG

GAM Holding AG boosted its holdings in shares of GE Aerospace (NYSE:GE) by 30.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,196 shares of the company’s stock after purchasing an additional 7,602 shares during the period. GAM Holding AG’s holdings in GE Aerospace were worth $9,685,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of GE. Brown Miller Wealth Management LLC lifted its position in shares of GE Aerospace by 4.1% during the 3rd quarter. Brown Miller Wealth Management LLC now owns 911 shares of the company’s stock valued at $274,000 after acquiring an additional 36 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its position in shares of GE Aerospace by 5.7% during the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 1,153 shares of the company’s stock worth $347,000 after purchasing an additional 62 shares during the period. SJS Investment Consulting Inc. lifted its holdings in shares of GE Aerospace by 320.7% during the third quarter. SJS Investment Consulting Inc. now owns 1,014 shares of the company’s stock valued at $305,000 after purchasing an additional 773 shares during the last quarter. Summit Wealth Partners LLC purchased a new stake in shares of GE Aerospace during the third quarter valued at $226,000. Finally, First Pacific Financial boosted its position in shares of GE Aerospace by 28.1% in the 3rd quarter. First Pacific Financial now owns 205 shares of the company’s stock valued at $62,000 after purchasing an additional 45 shares during the period. Institutional investors own 74.77% of the company’s stock.

GE Aerospace Stock Up 4.1%

GE stock opened at $320.69 on Friday. The company has a 50 day moving average of $302.18 and a two-hundred day moving average of $284.65. The company has a market cap of $338.27 billion, a price-to-earnings ratio of 42.82, a PEG ratio of 2.10 and a beta of 1.40. GE Aerospace has a 12-month low of $159.36 and a 12-month high of $320.98. 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 (NYSE:GE) last posted its quarterly earnings results on Tuesday, October 21st. The company reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.20. GE Aerospace had a net margin of 18.34% and a return on equity of 34.01%. The business had revenue of $11.31 billion for the quarter, compared to the consensus estimate of $10.29 billion. During the same period in the prior year, the business posted $1.15 earnings per share. GE Aerospace’s revenue for the quarter was up 26.4% compared to the same quarter last year. 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 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 26th. Stockholders of record on Monday, December 29th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Monday, December 29th. GE Aerospace’s payout ratio is currently 19.23%.

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 value of $2,381,680.00. Following the transaction, the senior vice president owned 150,434 shares in the company, valued at approximately $44,785,706.14. This represents a 5.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on GE shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $350.00 price objective on shares of GE Aerospace in a report on Wednesday, October 8th. Wolfe Research boosted their price target on shares of GE Aerospace from $280.00 to $330.00 and gave the company an “outperform” rating in a report on Thursday, October 9th. Weiss Ratings restated a “buy (b)” rating on shares of GE Aerospace in a research report on Wednesday, October 8th. BNP Paribas Exane assumed coverage on shares of GE Aerospace in a research report on Tuesday, November 18th. They set an “underperform” rating on the stock. Finally, TD Cowen increased their target price 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 issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, GE Aerospace presently has an average rating of “Moderate Buy” and a consensus target price of $309.94.

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.