FORA Capital LLC Takes $16.15 Million Position in GE Aerospace $GE

FORA Capital LLC purchased a new stake in shares of GE Aerospace (NYSE:GE - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 62,759 shares of the company's stock, valued at approximately $16,154,000. GE Aerospace comprises approximately 1.8% of FORA Capital LLC's portfolio, making the stock its 3rd biggest position.

• Market Momentum: 3 Stocks Poised for Major Breakouts

A number of other hedge funds and other institutional investors have also recently modified their holdings of GE. Terril Brothers Inc. lifted its stake in GE Aerospace by 2.7% in the second quarter. Terril Brothers Inc. now owns 1,406 shares of the company's stock worth $362,000 after purchasing an additional 37 shares during the last quarter. New England Capital Financial Advisors LLC grew its holdings in shares of GE Aerospace by 5.0% during the 2nd quarter. New England Capital Financial Advisors LLC now owns 772 shares of the company's stock worth $199,000 after acquiring an additional 37 shares during the period. Old North State Wealth Management LLC boosted its holdings in shares of GE Aerospace by 1.9% during the 2nd quarter. Old North State Wealth Management LLC now owns 2,101 shares of the company's stock valued at $542,000 after buying an additional 39 shares in the last quarter. Stephens Consulting LLC increased its stake in shares of GE Aerospace by 18.0% during the second quarter. Stephens Consulting LLC now owns 256 shares of the company's stock valued at $66,000 after purchasing an additional 39 shares in the last quarter. Finally, Francis Financial Inc. grew its stake in shares of GE Aerospace by 3.3% in the second quarter. Francis Financial Inc. now owns 1,215 shares of the company's stock worth $313,000 after acquiring an additional 39 shares during the last quarter. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

GE Aerospace Trading Up 4.1%

NYSE:GE opened at $300.23 on Friday. The firm has a market cap of $316.69 billion, a P/E ratio of 40.08, a P/E/G ratio of 2.33 and a beta of 1.40. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.76 and a current ratio of 1.08. The firm has a 50-day simple moving average of $299.55 and a 200-day simple moving average of $278.24. GE Aerospace has a one year low of $159.36 and a one year high of $316.67.

• These 2 Energy Titans Just Scored Major Wins to Close Out November

GE Aerospace (NYSE:GE - Get Free Report) last released its quarterly 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. The business had revenue of $11.31 billion for 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 company's revenue was up 26.4% compared to the same quarter last year. During the same period last year, the business earned $1.15 EPS. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. Equities analysts anticipate that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 26th. Investors of record on Monday, December 29th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, December 29th. GE Aerospace's dividend payout ratio (DPR) is 19.23%.

Wall Street Analysts Forecast Growth

• From Dividends to Growth: Why These 3 Stocks Stand Out in 2025

A number of equities analysts recently weighed in on GE shares. JPMorgan Chase & Co. boosted their price objective on shares of GE Aerospace from $275.00 to $325.00 and gave the stock an "overweight" rating in a report on Monday, October 27th. BNP Paribas raised shares of GE Aerospace to a "strong sell" rating in a report on Tuesday, November 18th. Jefferies Financial Group increased their price objective on shares of GE Aerospace from $320.00 to $350.00 and gave the company a "buy" rating in a report on Monday, September 22nd. The Goldman Sachs Group raised their price target on GE Aerospace from $271.00 to $305.00 and gave the company a "buy" rating in a report on Friday, October 10th. Finally, BNP Paribas Exane began coverage on GE Aerospace in a research report on Tuesday, November 18th. They issued an "underperform" rating for the company. 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. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $309.94.

View Our Latest Analysis on GE

Insider Transactions at GE Aerospace

In related news, SVP Russell Stokes sold 8,000 shares of the firm's stock in a transaction on 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 sale, the senior vice president owned 150,434 shares in the company, valued at approximately $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 can be accessed through this hyperlink. Company insiders own 0.21% of the company's stock.

About GE Aerospace

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.

Further Reading

• Five stocks we like better than GE Aerospace
• Stock Sentiment Analysis: How it Works
• Disney's $1 Billion Deal Brings Its Magic to OpenAI
• Investing in the High PE Growth Stocks
• Why Amazon Could Be a $300 Stock Within Weeks
• How Investors Can Find the Best Cheap Dividend Stocks
• Adobe Gets Post-Earnings Lift: Long-Term Outlook Favors Upside

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in GE Aerospace Right Now?

Before you consider GE Aerospace, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and GE Aerospace wasn't on the list.

While GE Aerospace currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here