Nisa Investment Advisors LLC Reduces Holdings in GE Aerospace $GE

Nisa Investment Advisors LLC lessened its position in shares of GE Aerospace (NYSE:GE) by 5.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 224,870 shares of the company’s stock after selling 12,362 shares during the quarter. Nisa Investment Advisors LLC’s holdings in GE Aerospace were worth $67,726,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Wingate Wealth Advisors Inc. raised its position in GE Aerospace by 4.2% in the third quarter. Wingate Wealth Advisors Inc. now owns 933 shares of the company’s stock valued at $281,000 after purchasing an additional 38 shares during the period. BKM Wealth Management LLC grew its holdings in shares of GE Aerospace by 12.4% during the 3rd quarter. BKM Wealth Management LLC now owns 8,351 shares of the company’s stock worth $2,512,000 after purchasing an additional 921 shares during the period. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of GE Aerospace during the 3rd quarter worth about $76,000. WD Rutherford LLC raised its holdings in GE Aerospace by 2.9% in the 3rd quarter. WD Rutherford LLC now owns 20,867 shares of the company’s stock valued at $6,277,000 after buying an additional 595 shares during the period. Finally, Kingswood Wealth Advisors LLC lifted its position in GE Aerospace by 22.7% in the third quarter. Kingswood Wealth Advisors LLC now owns 9,401 shares of the company’s stock valued at $2,828,000 after buying an additional 1,737 shares during the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on GE shares. Wolfe Research lifted their price target on shares of GE Aerospace from $280.00 to $330.00 and gave the company an “outperform” rating in a research report on Thursday, October 9th. TD Cowen lifted their target price on shares of GE Aerospace from $300.00 to $330.00 and gave the company a “buy” rating in a report on Tuesday, October 7th. The Goldman Sachs Group boosted their target price on GE Aerospace from $271.00 to $305.00 and gave the company a “buy” rating in a research report on Friday, October 10th. Bank of America raised their price target on GE Aerospace from $310.00 to $365.00 and gave the stock a “buy” rating in a research report on Monday, October 27th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $350.00 price objective on shares of GE Aerospace in a research note on Wednesday, October 8th. Sixteen investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $309.94.

Insider Buying and Selling

In other GE Aerospace news, SVP Russell Stokes sold 8,000 shares of the firm’s stock in a transaction on 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 in the company, valued at $44,785,706.14. This trade represents a 5.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.21% of the stock is owned by company insiders.

GE Aerospace Stock Down 2.8%

GE stock opened at $314.62 on Friday. The company’s 50 day moving average price is $303.03 and its 200 day moving average price is $287.04. 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 has a fifty-two week low of $159.36 and a fifty-two week high of $332.79. The firm has a market capitalization of $331.86 billion, a price-to-earnings ratio of 42.00, a PEG ratio of 2.21 and a beta of 1.40.

GE Aerospace (NYSE:GE) last issued its quarterly 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. GE Aerospace had a net margin of 18.34% and a return on equity of 34.01%. The company had revenue of $11.31 billion during the quarter, compared to the consensus estimate of $10.29 billion. During the same quarter in the previous year, the firm earned $1.15 earnings per share. The firm’s quarterly 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. On average, equities research analysts anticipate that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 26th. Investors of record on Monday, December 29th will be paid a dividend of $0.36 per share. 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 presently 19.23%.

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.