Heartland Bank & Trust Co Has $1.23 Million Stake in GE Aerospace $GE

Key Points

• Heartland Bank & Trust Co increased its stake in GE Aerospace by 38.9% during the second quarter, now holding shares worth approximately $1.23 million.
• GE Aerospace reported $1.66 EPS for its latest quarter, exceeding estimates, with revenues of $10.15 billion, a 21.2% year-over-year increase.
• The company has a current consensus rating of "Moderate Buy" from analysts, with an average price target of $267.13.

Heartland Bank & Trust Co raised its holdings in GE Aerospace (NYSE:GE - Free Report) by 38.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,767 shares of the company's stock after acquiring an additional 1,335 shares during the period. Heartland Bank & Trust Co's holdings in GE Aerospace were worth $1,227,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Old North State Wealth Management LLC lifted its holdings in shares of GE Aerospace by 1.9% in the second quarter. Old North State Wealth Management LLC now owns 2,101 shares of the company's stock valued at $542,000 after purchasing an additional 39 shares in the last quarter. Stephens Consulting LLC lifted its holdings in shares of GE Aerospace by 18.0% in the second quarter. Stephens Consulting LLC now owns 256 shares of the company's stock valued at $66,000 after purchasing an additional 39 shares in the last quarter. Webster Bank N. A. lifted its holdings in shares of GE Aerospace by 2.1% in the second quarter. Webster Bank N. A. now owns 1,970 shares of the company's stock valued at $507,000 after purchasing an additional 41 shares in the last quarter. Pacific Sage Partners LLC lifted its holdings in shares of GE Aerospace by 3.5% in the second quarter. Pacific Sage Partners LLC now owns 1,220 shares of the company's stock valued at $314,000 after purchasing an additional 41 shares in the last quarter. Finally, Ascent Capital Management LLC lifted its holdings in shares of GE Aerospace by 1.9% in the second quarter. Ascent Capital Management LLC now owns 2,273 shares of the company's stock valued at $585,000 after purchasing an additional 42 shares in the last quarter. 74.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GE has been the topic of a number of research reports. Sanford C. Bernstein restated an "outperform" rating on shares of GE Aerospace in a report on Friday, August 15th. Wells Fargo & Company boosted their price target on GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Weiss Ratings restated a "buy (b)" rating on shares of GE Aerospace in a report on Wednesday, October 8th. Barclays boosted their price target on GE Aerospace from $230.00 to $295.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $350.00 target price on shares of GE Aerospace in a report on Wednesday, October 8th. Fifteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $267.13.

GE Aerospace Stock Performance

GE opened at $297.47 on Tuesday. GE Aerospace has a 52-week low of $159.36 and a 52-week high of $307.25. The firm has a market capitalization of $315.45 billion, a PE ratio of 41.49, a PEG ratio of 3.14 and a beta of 1.49. 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 business's 50-day simple moving average is $283.87 and its 200 day simple moving average is $248.35.

GE Aerospace (NYSE:GE - Get Free Report) last released its earnings results on Thursday, July 17th. The company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.23. The business 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%.GE Aerospace's revenue was up 21.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.20 earnings per share. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. As a group, sell-side analysts expect that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Shareholders 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 yield of 0.5%. The ex-dividend date of this dividend is Monday, September 29th. GE Aerospace's payout ratio is 20.08%.

GE Aerospace Company 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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