Federated Hermes Inc. Boosts Stock Position in GE Aerospace $GE

Federated Hermes Inc. increased its holdings in GE Aerospace (NYSE:GE) by 6.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 772,208 shares of the company’s stock after purchasing an additional 46,754 shares during the period. Federated Hermes Inc.’s holdings in GE Aerospace were worth $198,759,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Ameriflex Group Inc. increased its position in GE Aerospace by 23.5% during the second quarter. Ameriflex Group Inc. now owns 1,742 shares of the company’s stock valued at $437,000 after acquiring an additional 331 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of GE Aerospace by 17.1% in the 1st quarter. Smartleaf Asset Management LLC now owns 8,241 shares of the company’s stock worth $1,647,000 after acquiring an additional 1,201 shares during the last quarter. Police & Firemen s Retirement System of New Jersey boosted its stake in shares of GE Aerospace by 1.8% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 159,682 shares of the company’s stock worth $41,101,000 after purchasing an additional 2,779 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in GE Aerospace by 7.0% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 182,120 shares of the company’s stock valued at $46,876,000 after purchasing an additional 11,873 shares during the last quarter. Finally, Entropy Technologies LP purchased a new stake in GE Aerospace in the 1st quarter worth about $3,483,000. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Insider Transactions at GE Aerospace

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 shares were sold at an average price of $297.71, for a total transaction of $2,381,680.00. Following the transaction, the senior vice president 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.21% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

GE has been the subject of several analyst reports. The Goldman Sachs Group raised their price objective on shares of GE Aerospace from $271.00 to $305.00 and gave the stock a “buy” rating in a research note on Friday, October 10th. JPMorgan Chase & Co. raised their price target on GE Aerospace from $275.00 to $325.00 and gave the stock an “overweight” rating in a research note on Monday, October 27th. Royal Bank Of Canada boosted their price objective on GE Aerospace from $300.00 to $340.00 and gave the company an “outperform” rating in a report on Friday, October 17th. Wall Street Zen lowered GE Aerospace from a “buy” rating to a “hold” rating in a research note on Saturday, November 22nd. Finally, Susquehanna began coverage on GE Aerospace in a research report on Thursday. They set a “positive” rating and a $350.00 target price for the company. Sixteen equities research 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 data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $304.31.

GE Aerospace Stock Down 2.8%

Shares of NYSE:GE opened at $283.74 on Friday. GE Aerospace has a 52-week low of $159.36 and a 52-week high of $316.67. The stock has a market cap of $299.29 billion, a P/E ratio of 37.88, a price-to-earnings-growth ratio of 2.21 and a beta of 1.40. The business’s 50 day moving average is $300.52 and its 200 day moving average is $276.32. 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 (NYSE:GE) last issued its earnings results on Tuesday, October 21st. The company reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.20. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.The business had revenue of $11.31 billion during the quarter, compared to analyst estimates of $10.29 billion. During the same period in the previous year, the company posted $1.15 EPS. GE Aerospace’s revenue was up 26.4% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. Sell-side analysts predict that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 26th. Investors of record on Monday, December 29th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Monday, December 29th. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. GE Aerospace’s dividend payout ratio is 19.23%.

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.