1,244 Shares in GE Aerospace (NYSE:GE) Bought by JFG Wealth Management LLC

Key Points

• JFG Wealth Management LLC acquired 1,244 shares of GE Aerospace valued at approximately $249,000 during the first quarter.
• GE Aerospace reported earnings of $1.66 per share, exceeding analysts' expectations of $1.43, contributing to a 21.2% year-over-year revenue increase to $10.15 billion.
• The company's recent quarterly dividend payment was $0.36 per share, reflecting a 0.5% annual yield with a payout ratio of 20.08%.

JFG Wealth Management LLC bought a new position in GE Aerospace (NYSE:GE - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm bought 1,244 shares of the company's stock, valued at approximately $249,000.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in GE Aerospace by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 90,507,442 shares of the company's stock valued at $18,115,065,000 after acquiring an additional 692,124 shares in the last quarter. Northern Trust Corp lifted its stake in GE Aerospace by 5.8% during the 4th quarter. Northern Trust Corp now owns 10,046,867 shares of the company's stock valued at $1,675,717,000 after acquiring an additional 553,104 shares in the last quarter. Canada Pension Plan Investment Board lifted its stake in GE Aerospace by 11.5% during the 4th quarter. Canada Pension Plan Investment Board now owns 7,551,038 shares of the company's stock valued at $1,259,438,000 after acquiring an additional 781,574 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in GE Aerospace by 9.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,184,973 shares of the company's stock valued at $1,198,382,000 after acquiring an additional 628,458 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in GE Aerospace by 3.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,946,051 shares of the company's stock valued at $1,390,252,000 after acquiring an additional 213,234 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors.

GE Aerospace Trading Up 1.1%

Shares of GE opened at $274.95 on Friday. The business has a 50-day moving average of $255.31 and a 200 day moving average of $221.50. GE Aerospace has a fifty-two week low of $159.36 and a fifty-two week high of $277.18. The firm has a market cap of $291.57 billion, a P/E ratio of 38.35, a price-to-earnings-growth ratio of 2.93 and a beta of 1.44. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.73 and a current ratio of 1.04.

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 for the quarter, topping the consensus estimate of $1.43 by $0.23. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%. The company had revenue of $10.15 billion during the quarter, compared to analyst estimates of $9.49 billion. During the same quarter last year, the firm posted $1.20 EPS. The firm's revenue for the quarter was up 21.2% on a year-over-year basis. As a group, research analysts forecast that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Monday, July 7th were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. GE Aerospace's payout ratio is presently 20.08%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Northcoast Research cut GE Aerospace from a "buy" rating to a "neutral" rating in a research note on Monday, May 19th. Barclays raised their target price on GE Aerospace from $230.00 to $295.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. Wall Street Zen raised GE Aerospace from a "hold" rating to a "buy" rating in a research report on Friday, July 18th. Wells Fargo & Company raised their target price on GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. Finally, Citigroup reaffirmed a "buy" rating and set a $296.00 target price (up from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $232.92.

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.

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