GE Aerospace $GE Shares Sold by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC lowered its stake in shares of GE Aerospace (NYSE:GE - Free Report) by 34.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 113,959 shares of the company's stock after selling 60,449 shares during the quarter. Gateway Investment Advisers LLC's holdings in GE Aerospace were worth $29,332,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Webster Bank N. A. increased its holdings in shares of GE Aerospace by 2.1% during the second quarter. Webster Bank N. A. now owns 1,970 shares of the company's stock valued at $507,000 after acquiring an additional 41 shares in the last quarter. Nicholas Hoffman & Company LLC. increased its holdings in shares of GE Aerospace by 1.1% during the first quarter. Nicholas Hoffman & Company LLC. now owns 4,046 shares of the company's stock valued at $810,000 after acquiring an additional 43 shares in the last quarter. Truvestments Capital LLC increased its holdings in shares of GE Aerospace by 19.5% during the first quarter. Truvestments Capital LLC now owns 282 shares of the company's stock valued at $56,000 after acquiring an additional 46 shares in the last quarter. First National Bank Sioux Falls increased its holdings in shares of GE Aerospace by 2.8% during the second quarter. First National Bank Sioux Falls now owns 1,663 shares of the company's stock valued at $428,000 after acquiring an additional 46 shares in the last quarter. Finally, Sfmg LLC increased its holdings in GE Aerospace by 2.4% in the 1st quarter. Sfmg LLC now owns 2,088 shares of the company's stock worth $418,000 after buying an additional 48 shares during the period. Institutional investors and hedge funds own 74.77% of the company's stock.

GE Aerospace Trading Up 2.2%

Shares of GE stock opened at $293.01 on Wednesday. The stock's fifty day moving average is $271.00 and its two-hundred day moving average is $235.11. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.73 and a current ratio of 1.04. The firm has a market capitalization of $310.72 billion, a P/E ratio of 40.87, a PEG ratio of 3.09 and a beta of 1.48. GE Aerospace has a fifty-two week low of $159.36 and a fifty-two week high of $294.74.

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

GE Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Monday, July 7th were issued a $0.36 dividend. The ex-dividend date was Monday, July 7th. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. GE Aerospace's dividend payout ratio (DPR) is presently 20.08%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on GE. UBS Group increased their price target on shares of GE Aerospace from $300.00 to $321.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Wells Fargo & Company increased their price target on shares of GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Sanford C. Bernstein reiterated an "outperform" rating on shares of GE Aerospace in a report on Friday, August 15th. Barclays increased their price target on shares of GE Aerospace from $230.00 to $295.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Finally, Citigroup reiterated a "buy" rating and issued a $296.00 price target (up previously from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Ten research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $232.92.

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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