American National Bank & Trust Boosts Stake in GE Aerospace $GE

Key Points

• American National Bank & Trust increased its stake in GE Aerospace by 23.2% during the second quarter, bringing its total shares to 6,297 valued at approximately $1.62 million.
• Analysts are optimistic about GE Aerospace, with multiple firms raising their target prices, including Wells Fargo from $34.00 to $38.00 and Jefferies from $320.00 to $350.00.
• GE Aerospace reported strong quarterly earnings of $1.66 EPS, exceeding expectations, with revenue of $10.15 billion—a 21.2% increase year-over-year.

American National Bank & Trust increased its position in shares of GE Aerospace (NYSE:GE - Free Report) by 23.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,297 shares of the company's stock after buying an additional 1,185 shares during the quarter. American National Bank & Trust's holdings in GE Aerospace were worth $1,621,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in GE. IMA Advisory Services Inc. acquired a new position in shares of GE Aerospace in the 1st quarter valued at $28,000. Copia Wealth Management increased its stake in GE Aerospace by 14,200.0% in the first quarter. Copia Wealth Management now owns 143 shares of the company's stock valued at $29,000 after purchasing an additional 142 shares during the period. Nova Wealth Management Inc. purchased a new stake in shares of GE Aerospace in the first quarter valued at about $29,000. Wealth Preservation Advisors LLC purchased a new stake in shares of GE Aerospace in the first quarter valued at about $30,000. Finally, O Brien Wealth Partners LLC acquired a new stake in shares of GE Aerospace during the first quarter worth about $33,000. Institutional investors and hedge funds own 74.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on GE shares. Sanford C. Bernstein restated an "outperform" rating on shares of GE Aerospace in a research report on Friday, August 15th. Wells Fargo & Company boosted their target price on GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Jefferies Financial Group increased their price target on GE Aerospace from $320.00 to $350.00 and gave the stock a "buy" rating in a report on Monday. Royal Bank Of Canada lifted their price objective on shares of GE Aerospace from $275.00 to $300.00 and gave the company an "outperform" rating in a research report on Friday, July 18th. Finally, Barclays upped their price objective on shares of GE Aerospace from $230.00 to $295.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Eleven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $241.92.

GE Aerospace Price Performance

GE Aerospace stock opened at $297.12 on Friday. The company has a market cap of $315.08 billion, a P/E ratio of 41.44, a price-to-earnings-growth ratio of 3.23 and a beta of 1.48. GE Aerospace has a one year low of $159.36 and a one year high of $307.25. The business has a fifty day moving average of $276.63 and a two-hundred day moving average of $239.75. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.73 and a current ratio of 1.04.

GE Aerospace (NYSE:GE - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The company reported $1.66 earnings per share for the quarter, topping analysts' consensus estimates of $1.43 by $0.23. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The business had revenue of $10.15 billion for the quarter, compared to analysts' expectations of $9.49 billion. During the same period in the prior year, the company posted $1.20 EPS. The business's revenue for the quarter was up 21.2% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. As a group, analysts predict that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Monday, September 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, September 29th. GE Aerospace's dividend payout ratio (DPR) is presently 20.08%.

GE Aerospace Profile

GE Aerospace (also known as General Electric) is a company that specializes in providing aerospace products and services. It operates through two reportable segments: Commercial Engines and Services and Defense and Propulsion Technologies. It offers jet and turboprop engines, as well as integrated systems for commercial, military, business, and general aviation aircraft.

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