OLD National Bancorp IN Has $1.59 Million Stock Holdings in GE Aerospace $GE

OLD National Bancorp IN grew its position in GE Aerospace (NYSE:GE) by 78.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,293 shares of the company’s stock after purchasing an additional 2,326 shares during the quarter. OLD National Bancorp IN’s holdings in GE Aerospace were worth $1,592,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Ameriflex Group Inc. raised its position in shares of 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 buying an additional 331 shares during the last quarter. Police & Firemen s Retirement System of New Jersey increased its stake in GE Aerospace by 1.8% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 159,682 shares of the company’s stock valued at $41,101,000 after acquiring an additional 2,779 shares during the period. Czech National Bank increased its stake in GE Aerospace by 3.3% during the third quarter. Czech National Bank now owns 269,330 shares of the company’s stock valued at $81,020,000 after acquiring an additional 8,668 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in GE Aerospace by 7.0% in 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 acquiring an additional 11,873 shares in the last quarter. Finally, Vigilare Wealth Management bought a new stake in shares of GE Aerospace in the 2nd quarter worth approximately $627,000. 74.77% of the stock is owned by institutional investors.

GE Aerospace Stock Performance

GE Aerospace stock opened at $316.48 on Thursday. The firm has a market capitalization of $333.83 billion, a P/E ratio of 42.25, a P/E/G ratio of 2.44 and a beta of 1.40. The stock has a fifty day moving average price of $300.68 and a two-hundred day moving average price of $281.45. GE Aerospace has a 52-week low of $159.36 and a 52-week high of $317.75. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.08 and a quick ratio of 0.76.

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

GE Aerospace Announces Dividend

The company 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. The ex-dividend date of this dividend is Monday, December 29th. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. GE Aerospace’s dividend payout ratio (DPR) is presently 19.23%.

Insider Activity

In other news, SVP Russell Stokes sold 8,000 shares of GE Aerospace 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 transaction, the senior vice president 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 legal filing with the SEC, which is accessible through this link. Company insiders own 0.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on GE. Citigroup assumed coverage on GE Aerospace in a research report on Thursday, December 11th. They set a “buy” rating and a $386.00 price objective on the stock. BNP Paribas Exane initiated coverage on shares of GE Aerospace in a research note on Tuesday, November 18th. They set an “underperform” rating on the stock. Susquehanna initiated coverage on shares of GE Aerospace in a report on Thursday, December 4th. They issued a “positive” rating and a $350.00 price target on the stock. TD Cowen raised their price objective on shares of GE Aerospace from $300.00 to $330.00 and gave the stock a “buy” rating in a report on Tuesday, October 7th. Finally, Royal Bank Of Canada lifted their target price on shares of GE Aerospace from $300.00 to $340.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. Sixteen analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $309.94.

About GE Aerospace

GE Aerospace (NYSE: GE) is the aerospace business of General Electric, focused on the design, manufacture and support of aircraft engines, integrated propulsion systems and related aftermarket services. The company serves commercial airlines, airframers, business and general aviation operators, and defense customers, providing propulsion solutions for a broad range of aircraft types from single‑aisle airliners to widebody and military platforms.

Its product portfolio includes a family of commercial and military jet engines as well as spare parts, components and systems engineering.