Trust Co. of Vermont Boosts Holdings in GE Aerospace $GE

Key Points

• Trust Co. of Vermont increased its holdings in GE Aerospace by 22.8% in Q2, owning a total of 10,266 shares valued at approximately $2.64 million.
• Hedge funds and institutional investors control 74.77% of GE Aerospace's shares, indicating significant institutional interest in the company.
• Recent analyst reports have set a consensus rating of "Moderate Buy" for GE Aerospace, with price targets ranging from $38.00 to $350.00.

Trust Co. of Vermont grew its holdings in GE Aerospace (NYSE:GE - Free Report) by 22.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,266 shares of the company's stock after purchasing an additional 1,908 shares during the quarter. Trust Co. of Vermont's holdings in GE Aerospace were worth $2,642,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Smartleaf Asset Management LLC boosted its stake in shares of GE Aerospace by 17.1% in the first quarter. Smartleaf Asset Management LLC now owns 8,241 shares of the company's stock valued at $1,647,000 after purchasing an additional 1,201 shares during the period. Rainey & Randall Wealth Advisors Inc. purchased a new position in GE Aerospace in the first quarter worth approximately $203,000. Sendero Wealth Management LLC lifted its stake in GE Aerospace by 526.6% in the first quarter. Sendero Wealth Management LLC now owns 15,008 shares of the company's stock worth $3,004,000 after acquiring an additional 12,613 shares during the last quarter. Concurrent Investment Advisors LLC lifted its stake in GE Aerospace by 25.1% in the first quarter. Concurrent Investment Advisors LLC now owns 41,039 shares of the company's stock worth $8,065,000 after acquiring an additional 8,245 shares during the last quarter. Finally, Global Assets Advisory LLC lifted its stake in GE Aerospace by 186.7% in the first quarter. Global Assets Advisory LLC now owns 14,710 shares of the company's stock worth $2,751,000 after acquiring an additional 9,580 shares during the last quarter. Hedge funds and other institutional investors own 74.77% of the company's stock.

Analysts Set New Price Targets

GE has been the subject of a number of recent research reports. Wells Fargo & Company lifted their price target on shares of GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Sanford C. Bernstein reiterated an "outperform" rating on shares of GE Aerospace in a research note on Friday, August 15th. Citigroup reiterated a "buy" rating and issued a $296.00 price target (up previously from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th. Wall Street Zen downgraded shares of GE Aerospace from a "buy" rating to a "hold" rating in a research note on Sunday, September 21st. Finally, Jefferies Financial Group lifted their price target on shares of GE Aerospace from $320.00 to $350.00 and gave the stock a "buy" rating in a research note on Monday, September 22nd. Eleven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, GE Aerospace has a consensus rating of "Moderate Buy" and an average price target of $241.92.

GE Aerospace Stock Performance

Shares of GE Aerospace stock opened at $301.18 on Wednesday. The firm's fifty day simple moving average is $278.71 and its 200-day simple moving average is $242.20. The stock has a market capitalization of $319.38 billion, a price-to-earnings ratio of 42.01, a PEG ratio of 3.16 and a beta of 1.48. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $307.25. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.04 and a quick ratio of 0.73.

GE Aerospace (NYSE:GE - Get Free Report) last announced its earnings results on Thursday, July 17th. The company reported $1.66 EPS for the quarter, beating analysts' consensus estimates of $1.43 by $0.23. The business 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 company's quarterly revenue was up 21.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.20 EPS. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. As a group, equities analysts forecast 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, October 27th. Stockholders 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 dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, September 29th. GE Aerospace's payout ratio is presently 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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