Rep. Jefferson Shreve Sells GE Aerospace (NYSE:GE) Stock

Representative Jefferson Shreve (R-Indiana) recently sold shares of GE Aerospace NYSE: GE. In a filing disclosed on May 08th, the Representative disclosed that they had sold between $15,001 and $50,000 in GE Aerospace stock on April 7th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $50,001 - $100,000 in shares of Chipotle Mexican Grill NYSE: CMG on 4/17/2025.
• Purchased $50,001 - $100,000 in shares of Applied Materials NASDAQ: AMAT on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Caterpillar NYSE: CAT on 4/17/2025.
• Sold $15,001 - $50,000 in shares of Lululemon Athletica NASDAQ: LULU on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Western Digital NASDAQ: WDC on 4/17/2025.
• Sold $15,001 - $50,000 in shares of Zoetis NYSE: ZTS on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Stryker NYSE: SYK on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of NextEra Energy NYSE: NEE on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of CSX NASDAQ: CSX on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Ross Stores NASDAQ: ROST on 4/17/2025.

GE Aerospace Stock Up 1.3%

NYSE:GE traded up $2.74 on Tuesday, hitting $221.69. The stock had a trading volume of 1,817,318 shares, compared to its average volume of 5,344,797. GE Aerospace has a 1 year low of $150.20 and a 1 year high of $223.55. The firm's fifty day simple moving average is $195.56 and its two-hundred day simple moving average is $188.25. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09. The stock has a market cap of $236.41 billion, a P/E ratio of 37.01, a price-to-earnings-growth ratio of 2.59 and a beta of 1.31.

GE Aerospace (NYSE:GE - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.20. GE Aerospace had a net margin of 14.31% and a return on equity of 22.19%. The company had revenue of $9.94 billion during the quarter, compared to analyst estimates of $9.06 billion. Analysts predict that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Monday, March 10th were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 0.65%. This is an increase from GE Aerospace's previous quarterly dividend of $0.28. The ex-dividend date was Monday, March 10th. GE Aerospace's dividend payout ratio is presently 22.40%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Lord Abbett & CO. LLC increased its holdings in shares of GE Aerospace by 81.2% in the first quarter. Lord Abbett & CO. LLC now owns 1,239,470 shares of the company's stock worth $248,080,000 after buying an additional 555,612 shares during the period. DSM Capital Partners LLC lifted its position in GE Aerospace by 156.1% in the first quarter. DSM Capital Partners LLC now owns 613,698 shares of the company's stock valued at $122,832,000 after purchasing an additional 374,066 shares during the last quarter. Mitsubishi UFJ Asset Management UK Ltd. boosted its stake in shares of GE Aerospace by 200.0% during the first quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 9,000 shares of the company's stock valued at $1,801,000 after purchasing an additional 6,000 shares during the period. American Money Management LLC grew its holdings in shares of GE Aerospace by 101.2% in the first quarter. American Money Management LLC now owns 34,628 shares of the company's stock worth $6,931,000 after purchasing an additional 17,419 shares during the last quarter. Finally, Francis Financial Inc. purchased a new position in shares of GE Aerospace in the first quarter worth $235,000. 74.77% of the stock is currently owned by institutional investors.

Insider Activity at GE Aerospace

In related news, VP Robert M. Giglietti sold 4,104 shares of the company's stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $196.73, for a total transaction of $807,379.92. Following the completion of the transaction, the vice president now owns 11,540 shares in the company, valued at $2,270,264.20. This represents a 26.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Mohamed Ali sold 1,602 shares of GE Aerospace stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $200.67, for a total transaction of $321,473.34. Following the completion of the sale, the senior vice president now owns 8,805 shares in the company, valued at approximately $1,766,899.35. This trade represents a 15.39% decrease in their position. The disclosure for this sale can be found here. 0.21% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

GE has been the subject of a number of research reports. JPMorgan Chase & Co. increased their target price on shares of GE Aerospace from $190.00 to $210.00 and gave the stock an "overweight" rating in a research report on Friday, January 24th. Bank of America lifted their price objective on shares of GE Aerospace from $200.00 to $225.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Royal Bank of Canada restated an "outperform" rating and set a $220.00 target price on shares of GE Aerospace in a research report on Wednesday, April 23rd. Northcoast Research upgraded GE Aerospace from a "neutral" rating to a "buy" rating and set a $205.00 price target for the company in a research report on Wednesday, April 9th. Finally, Citigroup decreased their price objective on GE Aerospace from $235.00 to $227.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. One equities research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $216.92.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

About GE Aerospace

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.