Wilmington Savings Fund Society FSB Has $9.19 Million Holdings in GE Aerospace $GE

Key Points

• Wilmington Savings Fund Society FSB reduced its holdings in GE Aerospace by 2.6%, owning $9.19 million worth of shares at the end of the second quarter.
• GE Aerospace reports a net margin of 18.64% and achieved quarterly earnings per share of $1.66, surpassing estimates by $0.23.
• GE Aerospace announced a quarterly dividend of $0.36 per share, with a payout ratio of 20.08%, reflecting a 0.5% yield.

Wilmington Savings Fund Society FSB lessened its holdings in GE Aerospace (NYSE:GE - Free Report) by 2.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,702 shares of the company's stock after selling 966 shares during the period. Wilmington Savings Fund Society FSB's holdings in GE Aerospace were worth $9,189,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of GE. Old North State Wealth Management LLC lifted its position in GE Aerospace by 1.9% during the 2nd quarter. Old North State Wealth Management LLC now owns 2,101 shares of the company's stock worth $542,000 after acquiring an additional 39 shares during the last quarter. Stephens Consulting LLC lifted its position in GE Aerospace by 18.0% during the 2nd quarter. Stephens Consulting LLC now owns 256 shares of the company's stock worth $66,000 after acquiring an additional 39 shares during the last quarter. Webster Bank N. A. lifted its position in GE Aerospace by 2.1% during the 2nd quarter. Webster Bank N. A. now owns 1,970 shares of the company's stock worth $507,000 after acquiring an additional 41 shares during the last quarter. Pacific Sage Partners LLC lifted its position in GE Aerospace by 3.5% during the 2nd quarter. Pacific Sage Partners LLC now owns 1,220 shares of the company's stock worth $314,000 after acquiring an additional 41 shares during the last quarter. Finally, Ascent Capital Management LLC lifted its position in GE Aerospace by 1.9% during the 2nd quarter. Ascent Capital Management LLC now owns 2,273 shares of the company's stock worth $585,000 after acquiring an additional 42 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company's stock.

Analyst Upgrades and Downgrades

GE has been the topic of a number of research reports. Wall Street Zen lowered shares of GE Aerospace from a "buy" rating to a "hold" rating in a research report on Sunday, September 21st. Wells Fargo & Company upped their price objective on shares of GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. Royal Bank Of Canada upped their price objective on shares of GE Aerospace from $275.00 to $300.00 and gave the company an "outperform" rating in a research report on Friday, July 18th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of GE Aerospace in a research report on Friday, August 15th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $350.00 price objective on shares of GE Aerospace in a research report on Wednesday, October 8th. Fifteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $267.13.

GE Aerospace Stock Performance

NYSE:GE opened at $297.47 on Tuesday. GE Aerospace has a 12-month low of $159.36 and a 12-month high of $307.25. The company has a quick ratio of 0.73, a current ratio of 1.04 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $315.45 billion, a PE ratio of 41.49, a price-to-earnings-growth ratio of 3.14 and a beta of 1.49. The firm has a 50-day moving average price of $283.87 and a 200 day moving average price of $248.35.

GE Aerospace (NYSE:GE - Get Free Report) last posted its quarterly 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. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The firm had revenue of $10.15 billion during the quarter, compared to analyst estimates of $9.49 billion. During the same quarter in the prior year, the business posted $1.20 earnings per share. The company's quarterly revenue was up 21.2% compared to the same quarter last year. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Research analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

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