Accel Wealth Management Purchases Shares of 865 GE Aerospace $GE

Key Points

• Accel Wealth Management made a new investment in GE Aerospace, purchasing 865 shares valued at approximately $223,000 in the second quarter.
• GE Aerospace reported an earnings per share (EPS) of $1.66 for the last quarter, beating expectations by $0.23, and indicated a 21.2% increase in quarterly revenue year-over-year.
• The company announced a quarterly dividend of $0.36, payable on October 27th, representing an annualized yield of 0.5% with a payout ratio of 20.08%.

Accel Wealth Management purchased a new stake 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 purchased 865 shares of the company's stock, valued at approximately $223,000.

Other institutional investors have also made changes to their positions in the company. Ameriflex Group Inc. increased its position in shares of GE Aerospace by 23.5% during the second quarter. Ameriflex Group Inc. now owns 1,742 shares of the company's stock valued at $437,000 after acquiring an additional 331 shares during the last quarter. Smartleaf Asset Management LLC increased its position in shares of GE Aerospace by 17.1% during the first quarter. Smartleaf Asset Management LLC now owns 8,241 shares of the company's stock valued at $1,647,000 after acquiring an additional 1,201 shares during the last quarter. Rainey & Randall Wealth Advisors Inc. acquired a new position in shares of GE Aerospace in the first quarter valued at approximately $203,000. Concurrent Investment Advisors LLC grew its holdings in shares of GE Aerospace by 25.1% in the first quarter. Concurrent Investment Advisors LLC now owns 41,039 shares of the company's stock valued at $8,065,000 after purchasing an additional 8,245 shares in the last quarter. Finally, Global Assets Advisory LLC grew its holdings in shares of GE Aerospace by 186.7% in the first quarter. Global Assets Advisory LLC now owns 14,710 shares of the company's stock valued at $2,751,000 after purchasing an additional 9,580 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.

GE Aerospace Stock Performance

Shares of GE Aerospace stock opened at $297.40 on Monday. The firm's fifty day simple moving average is $280.65 and its 200-day simple moving average is $244.50. The stock has a market capitalization of $315.38 billion, a price-to-earnings ratio of 41.48, a PEG ratio of 3.20 and a beta of 1.49. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $307.25. 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 (NYSE:GE - Get Free Report) last announced its earnings results on Thursday, July 17th. The company reported $1.66 EPS for the quarter, beating analysts' consensus estimates of $1.43 by $0.23. The business had revenue of $10.15 billion for the quarter, compared to analysts' expectations of $9.49 billion. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The company's quarterly revenue was up 21.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.20 EPS. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. As a group, equities analysts forecast that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on GE. Barclays lifted their price objective on shares of GE Aerospace from $230.00 to $295.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Zacks Research downgraded shares of GE Aerospace from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 26th. UBS Group boosted their price objective on shares of GE Aerospace from $300.00 to $321.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Jefferies Financial Group boosted their price objective on shares of GE Aerospace from $320.00 to $350.00 and gave the stock a "buy" rating in a research report on Monday, September 22nd. Finally, Weiss Ratings restated a "buy (b)" rating on shares of GE Aerospace in a research report on Saturday, September 27th. Twelve investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, GE Aerospace presently has an average rating of "Moderate Buy" and an average price target of $241.92.

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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