Blue Trust Inc. Trims Stock Holdings in GE Aerospace $GE

Key Points

• Blue Trust Inc. reduced its holdings in GE Aerospace by 9.4% during the second quarter, now owning 10,943 shares valued at $2.8 million.
• GE Aerospace's recent earnings report showed an earnings per share (EPS) of $1.66, exceeding analysts' estimates of $1.43 and reflecting a 21.2% increase in revenue year-over-year.
• The company announced a quarterly dividend of $0.36 per share, which will be paid on October 27th, representing an annual yield of 0.5%.

Blue Trust Inc. lessened its position in shares of GE Aerospace (NYSE:GE - Free Report) by 9.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,943 shares of the company's stock after selling 1,134 shares during the period. Blue Trust Inc.'s holdings in GE Aerospace were worth $2,816,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Endeavor Private Wealth Inc. acquired a new stake in GE Aerospace in the 2nd quarter valued at approximately $210,000. Vivid Wealth Management LLC acquired a new position in shares of GE Aerospace during the 2nd quarter valued at $2,695,000. Galvin Gaustad & Stein LLC increased its position in shares of GE Aerospace by 26.8% during the 2nd quarter. Galvin Gaustad & Stein LLC now owns 89,940 shares of the company's stock valued at $23,150,000 after purchasing an additional 19,018 shares during the period. 3Chopt Investment Partners LLC increased its position in shares of GE Aerospace by 1.5% during the 2nd quarter. 3Chopt Investment Partners LLC now owns 3,238 shares of the company's stock valued at $833,000 after purchasing an additional 49 shares during the period. Finally, Beacon Bridge Wealth Partners LLC acquired a new position in shares of GE Aerospace in the 2nd quarter worth $210,000. Institutional investors own 74.77% of the company's stock.

GE Aerospace Stock Down 1.1%

GE opened at $299.18 on Friday. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $307.25. The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.88. The company has a market cap of $317.26 billion, a PE ratio of 41.73, a price-to-earnings-growth ratio of 3.25 and a beta of 1.49. The company has a 50 day moving average of $282.99 and a 200 day moving average of $246.55.

GE Aerospace (NYSE:GE - Get Free Report) last issued its earnings results on Thursday, July 17th. The company reported $1.66 EPS for the quarter, topping analysts' consensus estimates of $1.43 by $0.23. The company had revenue of $10.15 billion for the quarter, compared to analysts' expectations of $9.49 billion. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The firm's revenue was up 21.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.20 EPS. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. On average, sell-side analysts expect that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Monday, September 29th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Monday, September 29th. GE Aerospace's dividend payout ratio is 20.08%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Barclays lifted their target price on GE Aerospace from $230.00 to $295.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Jefferies Financial Group boosted their price target on GE Aerospace from $320.00 to $350.00 and gave the company a "buy" rating in a research note on Monday, September 22nd. Wells Fargo & Company upped their price objective on GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $350.00 target price on shares of GE Aerospace in a report on Wednesday. Finally, Citigroup reissued a "buy" rating and issued a $296.00 target price (up from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Twelve analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, GE Aerospace presently has an average rating of "Moderate Buy" and a consensus price target of $251.31.

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.

Want to see what other hedge funds are holding GE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GE Aerospace (NYSE:GE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.