857 Shares in GE Aerospace $GE Purchased by Post Resch Tallon Group Inc.

Key Points

• Post Resch Tallon Group Inc. acquired 857 shares of GE Aerospace valued at approximately $221,000 during Q2, indicating growing institutional interest in the company.
• Several institutional investors, including Two Sigma Advisers LP and Brighton Jones LLC, increased their holdings in GE Aerospace significantly during the last quarter.
• Analyst ratings for GE Aerospace show a consensus of "Moderate Buy" with a target price of $232.92, reflecting confidence in the company's financial performance and growth potential.

Post Resch Tallon Group Inc. purchased a new position in GE Aerospace (NYSE:GE - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 857 shares of the company's stock, valued at approximately $221,000.

Other institutional investors have also modified their holdings of the company. Brighton Jones LLC raised its position 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 valued at $2,003,000 after purchasing an additional 2,421 shares in the last quarter. Revolve Wealth Partners LLC raised its holdings in GE Aerospace by 7.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company's stock valued at $375,000 after acquiring an additional 150 shares in the last quarter. Strategic Wealth Partners Ltd. raised its holdings in GE Aerospace by 7.2% in the fourth quarter. Strategic Wealth Partners Ltd. now owns 1,428 shares of the company's stock valued at $238,000 after acquiring an additional 96 shares in the last quarter. State of Wyoming raised its stake in shares of GE Aerospace by 28.3% in the 4th quarter. State of Wyoming now owns 721 shares of the company's stock valued at $120,000 after purchasing an additional 159 shares in the last quarter. Finally, Two Sigma Advisers LP raised its stake in shares of GE Aerospace by 45.5% in the 4th quarter. Two Sigma Advisers LP now owns 111,013 shares of the company's stock valued at $18,516,000 after purchasing an additional 34,700 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Sanford C. Bernstein restated an "outperform" rating on shares of GE Aerospace in a research note on Friday, August 15th. Wall Street Zen upgraded GE Aerospace from a "hold" rating to a "buy" rating in a research note on Saturday. Royal Bank Of Canada raised their price objective on GE Aerospace from $275.00 to $300.00 and gave the stock an "outperform" rating in a research note on Friday, July 18th. Wells Fargo & Company raised their price objective on GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Finally, Barclays raised their price objective on GE Aerospace from $230.00 to $295.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. Ten equities research 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, GE Aerospace has a consensus rating of "Moderate Buy" and a consensus target price of $232.92.

GE Aerospace Stock Up 2.2%

GE stock opened at $293.01 on Wednesday. GE Aerospace has a 12-month low of $159.36 and a 12-month high of $294.74. The company has a quick ratio of 0.73, a current ratio of 1.04 and a debt-to-equity ratio of 0.88. The company has a market cap of $310.72 billion, a price-to-earnings ratio of 40.87, a PEG ratio of 3.09 and a beta of 1.48. The company has a 50 day moving average of $271.00 and a two-hundred day moving average of $235.11.

GE Aerospace (NYSE:GE - Get Free Report) last released its 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. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The company had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $9.49 billion. During the same quarter in the prior year, the firm earned $1.20 EPS. The company's revenue was up 21.2% compared to the same quarter last year. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. On average, equities analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Monday, July 7th were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Monday, July 7th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. GE Aerospace's dividend payout ratio (DPR) is 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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