1,345 Shares in GE Aerospace $GE Bought by Family Investment Center Inc.

Key Points

• Family Investment Center Inc. has acquired 1,345 shares of GE Aerospace, valued at approximately $346,000, indicating growing institutional interest in the stock.
• GE Aerospace has reported impressive quarterly earnings, with $1.66 EPS beating analyst expectations, and revenue of $10.15 billion, reflecting a 21.2% year-over-year increase.
• Currently, the stock has an average rating of "Moderate Buy" from analysts, with a target price of $241.92.

Family Investment Center Inc. acquired a new position in shares of GE Aerospace (NYSE:GE - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,345 shares of the company's stock, valued at approximately $346,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Brighton Jones LLC raised its holdings in shares of GE Aerospace by 25.3% in the 4th quarter. Brighton Jones LLC now owns 12,008 shares of the company's stock worth $2,003,000 after purchasing an additional 2,421 shares in the last quarter. Revolve Wealth Partners LLC grew its position in GE Aerospace by 7.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company's stock worth $375,000 after acquiring an additional 150 shares in the last quarter. State of Wyoming grew its position in GE Aerospace by 28.3% in the fourth quarter. State of Wyoming now owns 721 shares of the company's stock worth $120,000 after acquiring an additional 159 shares in the last quarter. Vermillion Wealth Management Inc. bought a new stake in shares of GE Aerospace during the 4th quarter worth $114,000. Finally, Putney Financial Group LLC bought a new stake in shares of GE Aerospace during the 4th quarter worth $28,000. 74.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Wall Street Zen cut shares of GE Aerospace from a "buy" rating to a "hold" rating in a research note on Sunday. Sanford C. Bernstein reiterated an "outperform" rating on shares of GE Aerospace in a research report on Friday, August 15th. UBS Group increased their price objective on shares of GE Aerospace from $300.00 to $321.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Jefferies Financial Group raised their target price on shares of GE Aerospace from $320.00 to $350.00 and gave the company a "buy" rating in a research note on Monday. Finally, Citigroup reiterated a "buy" rating and issued a $296.00 price target (up from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. Eleven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $241.92.

GE Aerospace Stock Performance

NYSE:GE opened at $300.91 on Tuesday. The stock's 50-day moving average is $274.39 and its 200-day moving average is $238.13. GE Aerospace has a 1-year low of $159.36 and a 1-year high of $303.03. The stock has a market cap of $319.09 billion, a P/E ratio of 41.97, a price-to-earnings-growth ratio of 3.24 and a beta of 1.48. The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.88.

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

GE Aerospace Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Monday, September 29th will be paid a $0.36 dividend. The ex-dividend date is Monday, September 29th. This represents a $1.44 annualized dividend and a yield of 0.5%. GE Aerospace's dividend payout ratio (DPR) is currently 20.08%.

GE Aerospace 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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