GE Aerospace $GE is Pragma Gestao DE Patrimonio Ltd.’s 7th Largest Position

Pragma Gestao DE Patrimonio Ltd. trimmed its stake in shares of GE Aerospace (NYSE:GE) by 15.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 42,600 shares of the company’s stock after selling 7,900 shares during the period. GE Aerospace comprises about 4.8% of Pragma Gestao DE Patrimonio Ltd.’s holdings, making the stock its 7th biggest position. Pragma Gestao DE Patrimonio Ltd.’s holdings in GE Aerospace were worth $10,965,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Terril Brothers Inc. boosted its position in GE Aerospace by 2.7% during the second quarter. Terril Brothers Inc. now owns 1,406 shares of the company’s stock worth $362,000 after purchasing an additional 37 shares in the last quarter. New England Capital Financial Advisors LLC raised its stake in shares of GE Aerospace by 5.0% during the 2nd quarter. New England Capital Financial Advisors LLC now owns 772 shares of the company’s stock worth $199,000 after buying an additional 37 shares during the last quarter. Old North State Wealth Management LLC raised its stake in shares of 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 buying an additional 39 shares during the last quarter. Stephens Consulting LLC boosted its position in shares of GE Aerospace by 18.0% in the 2nd quarter. Stephens Consulting LLC now owns 256 shares of the company’s stock worth $66,000 after buying an additional 39 shares in the last quarter. Finally, Francis Financial Inc. boosted its position in shares of GE Aerospace by 3.3% in the 2nd quarter. Francis Financial Inc. now owns 1,215 shares of the company’s stock worth $313,000 after buying an additional 39 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on GE shares. Royal Bank Of Canada lifted their target price on shares of GE Aerospace from $300.00 to $340.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. Sanford C. Bernstein reissued an “outperform” rating on shares of GE Aerospace in a research note on Monday, October 27th. JPMorgan Chase & Co. lifted their price objective on GE Aerospace from $275.00 to $325.00 and gave the stock an “overweight” rating in a research report on Monday, October 27th. UBS Group set a $366.00 target price on GE Aerospace and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Finally, TD Cowen increased their target price on GE Aerospace from $300.00 to $330.00 and gave the company a “buy” rating in a report on Tuesday, October 7th. Fifteen analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, GE Aerospace has a consensus rating of “Moderate Buy” and an average target price of $301.27.

Insiders Place Their Bets

In other GE Aerospace news, SVP Russell Stokes sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $297.71, for a total value of $2,381,680.00. Following the sale, the senior vice president directly owned 150,434 shares of the company’s stock, valued at approximately $44,785,706.14. This trade represents a 5.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.21% of the company’s stock.

GE Aerospace Stock Performance

Shares of GE opened at $289.20 on Wednesday. GE Aerospace has a 1 year low of $159.36 and a 1 year high of $316.67. The company’s 50 day simple moving average is $301.10 and its 200 day simple moving average is $275.49. The company has a market capitalization of $305.05 billion, a price-to-earnings ratio of 38.61, a PEG ratio of 2.24 and a beta of 1.40. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.76 and a current ratio of 1.08.

GE Aerospace (NYSE:GE) last released its earnings results on Tuesday, October 21st. The company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.46 by $0.20. GE Aerospace had a net margin of 18.34% and a return on equity of 34.01%. The firm had revenue of $11.31 billion during the quarter, compared to analysts’ expectations of $10.29 billion. During the same period in the previous year, the company earned $1.15 EPS. GE Aerospace’s revenue for the quarter was up 26.4% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. On average, sell-side analysts predict that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 27th. Investors of record on Monday, September 29th were given a dividend of $0.36 per share. The ex-dividend date was Monday, September 29th. This represents a $1.44 annualized dividend and a yield of 0.5%. GE Aerospace’s dividend payout ratio is 19.23%.

GE Aerospace 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.