845 Shares in GE Aerospace $GE Bought by Duncan Williams Asset Management LLC

Key Points

• Duncan Williams Asset Management LLC acquired a new stake in GE Aerospace, purchasing 845 shares valued at approximately $217,000 during the second quarter.
• GE Aerospace reported a quarterly earnings per share of $1.66, surpassing analysts' expectations of $1.43, with a revenue of $10.15 billion for the quarter.
• The company announced a quarterly dividend of $0.36 to be paid on October 27th, with a dividend yield of 0.5% and a payout ratio of 20.08%.

Duncan Williams Asset Management LLC purchased a new stake 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 & Exchange Commission. The firm purchased 845 shares of the company's stock, valued at approximately $217,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Old North State Wealth Management LLC lifted its position in GE Aerospace by 1.9% in the 2nd quarter. Old North State Wealth Management LLC now owns 2,101 shares of the company's stock worth $542,000 after buying an additional 39 shares during the last quarter. Webster Bank N. A. lifted its holdings in shares of GE Aerospace by 2.1% in the 2nd quarter. Webster Bank N. A. now owns 1,970 shares of the company's stock worth $507,000 after acquiring an additional 41 shares during the last quarter. Pacific Sage Partners LLC lifted its holdings in shares of GE Aerospace by 3.5% in the 2nd quarter. Pacific Sage Partners LLC now owns 1,220 shares of the company's stock worth $314,000 after acquiring an additional 41 shares during the last quarter. Ascent Capital Management LLC boosted its stake in shares of GE Aerospace by 1.9% in the 2nd quarter. Ascent Capital Management LLC now owns 2,273 shares of the company's stock valued at $585,000 after purchasing an additional 42 shares in the last quarter. Finally, Nicholas Hoffman & Company LLC. grew its holdings in shares of GE Aerospace by 1.1% during the 1st quarter. Nicholas Hoffman & Company LLC. now owns 4,046 shares of the company's stock valued at $810,000 after purchasing an additional 43 shares during the last quarter. Institutional investors own 74.77% of the company's stock.

GE Aerospace Stock Up 0.4%

Shares of NYSE:GE opened at $298.16 on Tuesday. The stock's 50-day moving average is $281.20 and its 200 day moving average is $245.15. The company has a market cap of $316.18 billion, a PE ratio of 41.58, a P/E/G ratio of 3.20 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. 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 issued its quarterly earnings data on Thursday, July 17th. The company reported $1.66 earnings per share 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 analyst estimates of $9.49 billion. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The business's quarterly revenue was up 21.2% compared to the same quarter last year. During the same period last year, the company earned $1.20 EPS. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Sell-side analysts anticipate that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms have weighed in on GE. Royal Bank Of Canada boosted their price target on shares of GE Aerospace from $275.00 to $300.00 and gave the stock an "outperform" rating in a research note on Friday, July 18th. Citigroup reissued a "buy" rating and issued a $296.00 target price (up previously from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th. Barclays raised their price target on GE Aerospace from $230.00 to $295.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Weiss Ratings reaffirmed a "buy (b)" rating on shares of GE Aerospace in a research note on Saturday, September 27th. Finally, Sanford C. Bernstein reiterated an "outperform" rating on shares of GE Aerospace in a research report on Friday, August 15th. Twelve equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $241.92.

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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