19,956 Shares in GE Aerospace $GE Purchased by Gunderson Capital Management Inc.

Gunderson Capital Management Inc. bought a new stake in GE Aerospace (NYSE:GEFree Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 19,956 shares of the company’s stock, valued at approximately $6,003,000. GE Aerospace comprises about 2.2% of Gunderson Capital Management Inc.’s holdings, making the stock its 21st biggest position.

Several other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of GE Aerospace by 1.6% in the second quarter. Vanguard Group Inc. now owns 91,989,511 shares of the company’s stock worth $23,677,180,000 after acquiring an additional 1,482,069 shares during the last quarter. State Street Corp raised its stake in GE Aerospace by 1.4% during the 2nd quarter. State Street Corp now owns 44,268,912 shares of the company’s stock valued at $11,394,375,000 after purchasing an additional 613,866 shares during the last quarter. Geode Capital Management LLC raised its stake in GE Aerospace by 3.1% during the 2nd quarter. Geode Capital Management LLC now owns 24,113,967 shares of the company’s stock valued at $6,181,956,000 after purchasing an additional 724,559 shares during the last quarter. Norges Bank bought a new stake in GE Aerospace in the 2nd quarter valued at $3,408,828,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in GE Aerospace by 6.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 7,676,180 shares of the company’s stock worth $1,536,387,000 after purchasing an additional 491,207 shares during the last quarter. 74.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

GE has been the subject of a number of research analyst reports. Wall Street Zen lowered shares of GE Aerospace from a “buy” rating to a “hold” rating in a research report on Saturday. Bank of America boosted their price target on GE Aerospace from $310.00 to $365.00 and gave the company a “buy” rating in a research note on Monday, October 27th. JPMorgan Chase & Co. upped their price target on GE Aerospace from $275.00 to $325.00 and gave the company an “overweight” rating in a report on Monday, October 27th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $350.00 price objective on shares of GE Aerospace in a research report on Wednesday, October 8th. Finally, BNP Paribas raised GE Aerospace to a “strong sell” rating in a report on Tuesday, November 18th. Sixteen investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $309.94.

View Our Latest Stock Report on GE Aerospace

Insider Activity at GE Aerospace

In other news, SVP Russell Stokes sold 8,000 shares of the business’s stock in a transaction 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 sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.21% of the company’s stock.

GE Aerospace Stock Up 1.0%

NYSE GE opened at $327.54 on Wednesday. GE Aerospace has a 1-year low of $159.36 and a 1-year high of $332.79. The company has a market capitalization of $345.49 billion, a price-to-earnings ratio of 43.73, a PEG ratio of 2.22 and a beta of 1.40. The stock’s 50 day moving average is $302.75 and its two-hundred day moving average is $286.59. The company has a current ratio of 1.08, a quick ratio of 0.76 and a debt-to-equity ratio of 0.99.

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

GE Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 26th. Shareholders 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 dividend on an annualized basis and a dividend yield of 0.4%. GE Aerospace’s dividend payout ratio (DPR) is presently 19.23%.

Trending Headlines about GE Aerospace

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About GE Aerospace

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for GE Aerospace (NYSE:GE)

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