1,163 Shares in GE Aerospace $GE Bought by Abel Hall LLC

Key Points

• Abel Hall LLC has acquired 1,163 shares of GE Aerospace, valued at approximately $299,000, marking a new investment in the company.
• Analysts are bullish on GE Aerospace, with several raising their price targets, including a jump from $275.00 to $300.00 by Royal Bank Of Canada.
• GE Aerospace reported a quarterly earnings per share (EPS) of $1.66, exceeding analysts' estimates and reflecting a 21.2% year-over-year revenue increase.

Abel Hall LLC acquired a new position in shares of GE Aerospace (NYSE:GE - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,163 shares of the company's stock, valued at approximately $299,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Sax Wealth Advisors LLC grew its position in GE Aerospace by 1.5% during the 2nd quarter. Sax Wealth Advisors LLC now owns 7,496 shares of the company's stock worth $1,929,000 after acquiring an additional 112 shares during the last quarter. Venturi Wealth Management LLC grew its position in GE Aerospace by 9.4% during the 2nd quarter. Venturi Wealth Management LLC now owns 3,548 shares of the company's stock worth $913,000 after acquiring an additional 306 shares during the last quarter. Canopy Partners LLC grew its position in GE Aerospace by 12.3% during the 2nd quarter. Canopy Partners LLC now owns 2,773 shares of the company's stock worth $714,000 after acquiring an additional 304 shares during the last quarter. SGL Investment Advisors Inc. grew its position in GE Aerospace by 29.6% during the 2nd quarter. SGL Investment Advisors Inc. now owns 1,831 shares of the company's stock worth $452,000 after acquiring an additional 418 shares during the last quarter. Finally, Shell Asset Management Co. grew its position in GE Aerospace by 61.5% during the 2nd quarter. Shell Asset Management Co. now owns 34,532 shares of the company's stock worth $8,888,000 after acquiring an additional 13,145 shares during the last quarter. Institutional investors own 74.77% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on GE shares. Royal Bank Of Canada boosted their price objective on GE Aerospace from $275.00 to $300.00 and gave the stock an "outperform" rating in a research report on Friday, July 18th. UBS Group lifted their target price on GE Aerospace from $300.00 to $321.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of GE Aerospace in a report on Wednesday. Wall Street Zen downgraded GE Aerospace from a "buy" rating to a "hold" rating in a report on Sunday, September 21st. Finally, Sanford C. Bernstein reaffirmed an "outperform" rating on shares of GE Aerospace in a report on Friday, August 15th. Twelve analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $251.31.

GE Aerospace Stock Up 0.3%

Shares of NYSE:GE opened at $302.56 on Thursday. The company has a market capitalization of $320.85 billion, a price-to-earnings ratio of 42.20, a P/E/G ratio of 3.25 and a beta of 1.49. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.04 and a quick ratio of 0.73. The business's 50-day moving average is $282.43 and its 200-day moving average is $245.94. GE Aerospace has a 1 year low of $159.36 and a 1 year high of $307.25.

GE Aerospace (NYSE:GE - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The company reported $1.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.43 by $0.23. The company had revenue of $10.15 billion for the quarter, compared to the consensus estimate of $9.49 billion. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The firm's revenue was up 21.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.20 EPS. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Equities research analysts predict that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Monday, September 29th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, September 29th. GE Aerospace's payout ratio is currently 20.08%.

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.

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