Rep. Austin Scott Sells Off Shares of GE Aerospace (NYSE:GE)

Key Points

• Representative Austin Scott sold shares worth between $1,001 and $15,000 in GE Aerospace on May 23rd, indicating potential changes in his investment strategy.
• GE Aerospace recently reported $1.66 EPS for the quarter, exceeding analysts' expectations and showcasing a 21.2% increase in year-over-year revenue.
• Analysts have raised their price targets for GE Aerospace, with Barclays increasing their target from $230 to $295 and UBS Group raising theirs from $300 to $321, indicating strong market confidence.

Representative Austin Scott (R-Georgia) recently sold shares of GE Aerospace NYSE: GE. In a filing disclosed on August 13th, the Representative disclosed that they had sold between $1,001 and $15,000 in GE Aerospace stock on May 23rd. The trade occurred in the Representative's "VIVIEN G SCOTT IRA" account.

Representative Austin Scott also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of GE Vernova NYSE: GEV on 6/16/2025.
• Sold $1,001 - $15,000 in shares of GE Aerospace NYSE: GE on 6/16/2025.
• Sold $1,001 - $15,000 in shares of GE Vernova NYSE: GEV on 5/23/2025.

GE Aerospace Price Performance

Shares of GE Aerospace stock traded up $1.3730 on Monday, hitting $267.9030. The company's stock had a trading volume of 1,442,351 shares, compared to its average volume of 5,974,573. The company has a market capitalization of $284.10 billion, a P/E ratio of 37.37, a price-to-earnings-growth ratio of 2.87 and a beta of 1.44. GE Aerospace has a 52-week low of $159.36 and a 52-week high of $281.50. The firm has a fifty day moving average price of $259.88 and a 200-day moving average price of $226.68. The company has a quick ratio of 0.73, a current ratio of 1.04 and a debt-to-equity ratio of 0.88.

GE Aerospace (NYSE:GE - Get Free Report) last posted its earnings results on Thursday, July 17th. The company reported $1.66 earnings per share for the quarter, beating 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 the consensus estimate of $9.49 billion. During the same period last year, the firm posted $1.20 EPS. The firm's revenue for the quarter was up 21.2% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. On average, equities research analysts expect that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Monday, July 7th were paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. GE Aerospace's dividend payout ratio (DPR) is presently 20.08%.

Hedge Funds Weigh In On GE Aerospace

Several large investors have recently added to or reduced their stakes in GE. Rainey & Randall Wealth Advisors Inc. purchased a new position in shares of GE Aerospace during the 1st quarter worth about $203,000. Sendero Wealth Management LLC boosted its holdings in shares of GE Aerospace by 526.6% in the 1st quarter. Sendero Wealth Management LLC now owns 15,008 shares of the company's stock valued at $3,004,000 after purchasing an additional 12,613 shares during the last quarter. Concurrent Investment Advisors LLC grew its stake in shares of GE Aerospace by 25.1% during the 1st quarter. Concurrent Investment Advisors LLC now owns 41,039 shares of the company's stock valued at $8,065,000 after buying an additional 8,245 shares during the period. Global Assets Advisory LLC increased its holdings in shares of GE Aerospace by 186.7% during the 1st quarter. Global Assets Advisory LLC now owns 14,710 shares of the company's stock worth $2,751,000 after buying an additional 9,580 shares during the last quarter. Finally, Leisure Capital Management acquired a new stake in shares of GE Aerospace during the 1st quarter worth $222,000. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on GE shares. Wall Street Zen raised shares of GE Aerospace from a "hold" rating to a "buy" rating in a research note on Friday, July 18th. Citigroup reiterated a "buy" rating and set a $296.00 target price (up previously from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Barclays raised their price target on GE Aerospace from $230.00 to $295.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Wells Fargo & Company upped their price objective on GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. Finally, UBS Group increased their price objective on GE Aerospace from $300.00 to $321.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Ten equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $232.92.

About Representative Scott

Austin Scott (Republican Party) is a member of the U.S. House, representing Georgia's 8th Congressional District. He assumed office on January 3, 2011. His current term ends on January 3, 2027. Scott (Republican Party) is running for re-election to the U.S. House to represent Georgia's 8th Congressional District. He declared candidacy for the 2026 election. Scott's professional experience includes working as an Agent and Owner with The Southern Group, Limited Liability Company, Senior Agent with The Principal Financial Group from 1993 to 1998 and an Agent with the Life of the South Agency from 1992 to 1993. He is a member of the American Red Cross - Coastal Plains Chapter Board, National Association of Insurance Financial Advisers, First Baptist Church of Tifton and the American Legislative Exchange Council. Scott graduated from the University of Georgia with a B.B.A. in risk management and insurance.

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.