GE Aerospace $GE Stock Holdings Raised by Cadinha & Co. LLC

Key Points

• Cadinha & Co. LLC increased its stake in GE Aerospace by 154.8% in Q3 to 97,280 shares worth $29.26 million, making GE roughly 4.0% of the firm's holdings and its 7th largest position.
• GE Aerospace reported Q3 EPS of $1.66 (vs. $1.46 est.) and revenue of $11.31 billion (up 26.4% year-over-year), and set FY2025 guidance of 6.00–6.20 EPS.
• Analyst sentiment is broadly positive: the consensus rating is a “Moderate Buy” with an average price target of $309.94 (16 Buys, 2 Holds, 2 Sells), and several firms including Bank of America have raised targets (BofA to $365).

Cadinha & Co. LLC increased its stake in shares of GE Aerospace (NYSE:GE - Free Report) by 154.8% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 97,280 shares of the company's stock after acquiring an additional 59,106 shares during the period. GE Aerospace makes up approximately 4.0% of Cadinha & Co. LLC's holdings, making the stock its 7th largest holding. Cadinha & Co. LLC's holdings in GE Aerospace were worth $29,264,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Bare Financial Services Inc grew its holdings in GE Aerospace by 81.1% during the 2nd quarter. Bare Financial Services Inc now owns 96 shares of the company's stock valued at $25,000 after purchasing an additional 43 shares in the last quarter. Lavaca Capital LLC boosted its position in GE Aerospace by 1,666.7% in the 2nd quarter. Lavaca Capital LLC now owns 106 shares of the company's stock valued at $27,000 after buying an additional 100 shares during the last quarter. Nova Wealth Management Inc. purchased a new position in GE Aerospace in the 1st quarter valued at about $29,000. IMG Wealth Management Inc. grew its stake in shares of GE Aerospace by 113.5% during the second quarter. IMG Wealth Management Inc. now owns 111 shares of the company's stock valued at $29,000 after acquiring an additional 59 shares in the last quarter. Finally, 1248 Management LLC purchased a new stake in shares of GE Aerospace during the second quarter worth about $39,000. Institutional investors and hedge funds own 74.77% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Wall Street Zen upgraded GE Aerospace from a "hold" rating to a "buy" rating in a research note on Saturday, December 13th. Bank of America upped their target price on GE Aerospace from $310.00 to $365.00 and gave the company a "buy" rating in a research report on Monday, October 27th. Sanford C. Bernstein reiterated an "outperform" rating on shares of GE Aerospace in a research note on Monday, October 27th. Zacks Research downgraded shares of GE Aerospace from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 26th. Finally, Wolfe Research upped 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. Sixteen research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, GE Aerospace currently has a consensus rating of "Moderate Buy" and an average price target of $309.94.

GE Aerospace Stock Performance

GE Aerospace stock opened at $315.30 on Friday. The company has a market cap of $332.58 billion, a PE ratio of 42.10, a P/E/G ratio of 2.43 and a beta of 1.40. The company has a fifty day moving average price of $301.31 and a two-hundred day moving average price of $282.42. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.08 and a quick ratio of 0.76. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $318.06.

GE Aerospace (NYSE:GE - Get Free Report) last issued its 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 company had revenue of $11.31 billion for the quarter, compared to analysts' expectations of $10.29 billion. During the same period in the prior year, the company earned $1.15 earnings per share. The firm's revenue 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. Research analysts expect that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 26th. Shareholders of record on Monday, December 29th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Monday, December 29th. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. GE Aerospace's dividend payout ratio (DPR) is currently 19.23%.

Insider Buying and Selling

In other GE Aerospace news, SVP Russell Stokes sold 8,000 shares of GE Aerospace 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 completion of the transaction, the senior vice president directly owned 150,434 shares in the company, valued at $44,785,706.14. The trade was a 5.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.21% of the stock is currently owned by insiders.

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.

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