WINTON GROUP Ltd Decreases Stock Holdings in GE Aerospace $GE

WINTON GROUP Ltd reduced its holdings in shares of GE Aerospace (NYSE:GE) by 46.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,884 shares of the company’s stock after selling 17,192 shares during the quarter. WINTON GROUP Ltd’s holdings in GE Aerospace were worth $5,118,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of GE. Bare Financial Services Inc lifted its position in GE Aerospace by 81.1% in the second 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. Nova Wealth Management Inc. acquired a new stake in shares of GE Aerospace during the first quarter worth about $29,000. IMG Wealth Management Inc. lifted its holdings in shares of GE Aerospace by 113.5% in the 2nd 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. Wealth Preservation Advisors LLC acquired a new stake in shares of GE Aerospace in the 1st quarter valued at about $30,000. Finally, Financial Network Wealth Advisors LLC grew its stake in GE Aerospace by 81.9% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 171 shares of the company’s stock worth $34,000 after buying an additional 77 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

GE Aerospace Stock Performance

NYSE:GE opened at $283.74 on Monday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.08 and a quick ratio of 0.76. The firm has a market cap of $299.29 billion, a price-to-earnings ratio of 37.88, a price-to-earnings-growth ratio of 2.21 and a beta of 1.40. The firm’s fifty day moving average price is $300.52 and its 200 day moving average price is $276.62. GE Aerospace has a 1-year low of $159.36 and a 1-year high of $316.67.

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. The company had revenue of $11.31 billion during the quarter, compared to analysts’ expectations of $10.29 billion. GE Aerospace had a net margin of 18.34% and a return on equity of 34.01%. The business’s revenue was up 26.4% on a year-over-year basis. During the same quarter last year, the business earned $1.15 EPS. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. On average, sell-side analysts expect that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

The firm also recently declared 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 is Monday, December 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. GE Aerospace’s payout ratio is 19.23%.

Insider Buying and Selling at GE Aerospace

In other news, SVP Russell Stokes sold 8,000 shares of the stock in a transaction dated 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 transaction, the senior vice president owned 150,434 shares in the company, valued at $44,785,706.14. This trade represents a 5.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.21% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on GE. Weiss Ratings reiterated a “buy (b)” rating on shares of GE Aerospace in a research note on Wednesday, October 8th. JPMorgan Chase & Co. lifted their target price on shares of GE Aerospace from $275.00 to $325.00 and gave the company an “overweight” rating in a report on Monday, October 27th. UBS Group set a $366.00 price target on shares of GE Aerospace and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Royal Bank Of Canada raised their price objective 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. Finally, BNP Paribas raised shares of GE Aerospace to a “strong sell” rating in a report on Tuesday, November 18th. Sixteen equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $304.31.

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.