930 Shares in GE Aerospace $GE Purchased by Sterling Financial Planning Inc.

Key Points

• Sterling Financial Planning Inc. acquired 930 shares of GE Aerospace, valued at approximately $239,000, in the second quarter.
• Multiple hedge funds have recently modified their holdings in GE Aerospace, with institutional investors owning 74.77% of the stock.
• GE Aerospace reported earnings of $1.66 per share, exceeding analyst estimates, and announced a quarterly dividend of $0.36 per share.

Sterling Financial Planning Inc. acquired a new position in shares of GE Aerospace (NYSE:GE - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 930 shares of the company's stock, valued at approximately $239,000.

A number of other hedge funds have also modified their holdings of GE. IMA Advisory Services Inc. acquired a new position in GE Aerospace during the first quarter valued at approximately $28,000. Copia Wealth Management boosted its position in GE Aerospace by 14,200.0% during the first quarter. Copia Wealth Management now owns 143 shares of the company's stock valued at $29,000 after purchasing an additional 142 shares during the last quarter. Nova Wealth Management Inc. acquired a new position in GE Aerospace during the first quarter valued at approximately $29,000. Wealth Preservation Advisors LLC acquired a new position in GE Aerospace during the first quarter valued at approximately $30,000. Finally, First Pacific Financial boosted its position in GE Aerospace by 46.0% during the first quarter. First Pacific Financial now owns 165 shares of the company's stock valued at $33,000 after purchasing an additional 52 shares during the last quarter. 74.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

GE has been the subject of several recent research reports. Wells Fargo & Company increased their price target on GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. Royal Bank Of Canada increased their price target on GE Aerospace from $275.00 to $300.00 and gave the company an "outperform" rating in a research report on Friday, July 18th. Citigroup reaffirmed a "buy" rating and issued a $296.00 price objective (up from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. Wall Street Zen cut GE Aerospace from a "buy" rating to a "hold" rating in a research report on Sunday, September 21st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $350.00 price objective on shares of GE Aerospace in a research report on Wednesday, October 8th. Fifteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, GE Aerospace presently has an average rating of "Moderate Buy" and a consensus price target of $267.13.

GE Aerospace Price Performance

Shares of NYSE GE opened at $300.28 on Wednesday. The firm has a market cap of $318.43 billion, a P/E ratio of 41.88, a price-to-earnings-growth ratio of 3.20 and a beta of 1.49. 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 has a 1-year low of $159.36 and a 1-year high of $307.25. The business's 50 day moving average is $284.44 and its 200-day moving average is $248.71.

GE Aerospace (NYSE:GE - Get Free Report) last announced its earnings results 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 company 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 firm's quarterly revenue was up 21.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.20 earnings per share. 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 company also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Monday, September 29th will be paid a dividend of $0.36 per share. The ex-dividend date is Monday, September 29th. 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%.

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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