GE Aerospace $GE Shares Bought by StoneX Group Inc.

StoneX Group Inc. increased its holdings in GE Aerospace by 85.1% in Q2, owning 18,197 shares worth $4.68 million. GE Aerospace reported Q3 earnings of $1.66 per share, beating estimates, with revenue up 26.4% year-over-year. Analysts have set new price targets, with a consensus rating of "Moderate Buy" and a target of $304.31. The company announced a quarterly dividend of $0.36 per share, payable on January 26th.

StoneX Group Inc. grew its holdings in GE Aerospace (NYSE:GE - Free Report) by 85.1% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 18,197 shares of the company's stock after buying an additional 8,368 shares during the period. StoneX Group Inc.'s holdings in GE Aerospace were worth $4,683,000 at the end of the most recent reporting period.

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A number of other hedge funds and other institutional investors have also recently made changes to their positions in GE. Bare Financial Services Inc raised its stake in GE Aerospace by 81.1% during the 2nd quarter. Bare Financial Services Inc now owns 96 shares of the company's stock valued at $25,000 after acquiring an additional 43 shares during the last quarter. IMG Wealth Management Inc. grew its position in shares of GE Aerospace by 113.5% in the second quarter. IMG Wealth Management Inc. now owns 111 shares of the company's stock valued at $29,000 after purchasing an additional 59 shares during the last quarter. Nova Wealth Management Inc. purchased a new position in shares of GE Aerospace during the 1st quarter worth approximately $29,000. Wealth Preservation Advisors LLC acquired a new position in shares of GE Aerospace during the 1st quarter worth approximately $30,000. Finally, Kilter Group LLC acquired a new position in shares of GE Aerospace during the 2nd quarter worth approximately $40,000. Hedge funds and other institutional investors own 74.77% of the company's stock.

GE Aerospace Price Performance

GE stock opened at $283.74 on Friday. The stock has a market capitalization of $299.29 billion, a price-to-earnings ratio of 37.88, a price-to-earnings-growth ratio of 2.27 and a beta of 1.40. The company has a quick ratio of 0.76, a current ratio of 1.08 and a debt-to-equity ratio of 0.99. GE Aerospace has a 52-week low of $159.36 and a 52-week high of $316.67. The stock's fifty day simple moving average is $300.52 and its 200-day simple moving average is $276.03.

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GE Aerospace (NYSE:GE - Get Free Report) last released its earnings results on Tuesday, October 21st. The company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.46 by $0.20. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.The firm had revenue of $11.31 billion during the quarter, compared to analyst estimates of $10.29 billion. During the same period in the prior year, the firm posted $1.15 earnings per share. The business's quarterly revenue was up 26.4% compared to the same quarter last year. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. Equities research analysts expect that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 26th. Stockholders of record on Monday, December 29th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Monday, December 29th. GE Aerospace's dividend payout ratio is presently 19.23%.

Analysts Set New Price Targets

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A number of brokerages have commented on GE. Weiss Ratings reiterated a "buy (b)" rating on shares of GE Aerospace in a report on Wednesday, October 8th. Wolfe Research upped their price objective on GE Aerospace from $280.00 to $330.00 and gave the company an "outperform" rating in a research report on Thursday, October 9th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of GE Aerospace in a research note on Monday, October 27th. Jefferies Financial Group lifted their price objective on GE Aerospace from $320.00 to $350.00 and gave the stock a "buy" rating in a research report on Monday, September 22nd. Finally, Zacks Research downgraded shares of GE Aerospace from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 26th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, GE Aerospace presently has a consensus rating of "Moderate Buy" and a consensus price target of $304.31.

View Our Latest Stock Analysis on GE

Insider Activity

In related news, SVP Russell Stokes sold 8,000 shares of the business's stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $297.71, for a total value of $2,381,680.00. Following the completion of the sale, the senior vice president directly owned 150,434 shares in the company, valued at approximately $44,785,706.14. The trade was a 5.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.21% of the company's stock.

GE Aerospace Company Profile

(Free Report)

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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