Barry Investment Advisors LLC Buys Shares of 1,453 GE Aerospace $GE

Key Points

• Barry Investment Advisors LLC purchased 1,453 shares of GE Aerospace valued at approximately $374,000, indicating growing institutional interest in the company.
• GE Aerospace reported better-than-expected quarterly earnings of $1.66 per share, surpassing consensus estimates of $1.43, with a significant year-over-year revenue growth of 21.2%.
• The company declared a quarterly dividend of $0.36 per share, with an annualized yield of 0.5%, reflecting its commitment to returning value to shareholders.

Barry Investment Advisors LLC purchased a new position in shares of GE Aerospace (NYSE:GE - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,453 shares of the company's stock, valued at approximately $374,000.

Other hedge funds have also made changes to their positions in the company. IMA Advisory Services Inc. acquired a new stake in shares of GE Aerospace during the first quarter worth about $28,000. Copia Wealth Management lifted its position in shares of GE Aerospace by 14,200.0% during the first quarter. Copia Wealth Management now owns 143 shares of the company's stock worth $29,000 after purchasing an additional 142 shares in the last quarter. Nova Wealth Management Inc. acquired a new stake in shares of GE Aerospace during the first quarter worth about $29,000. Wealth Preservation Advisors LLC acquired a new stake in shares of GE Aerospace during the first quarter worth about $30,000. Finally, O Brien Wealth Partners LLC acquired a new stake in shares of GE Aerospace during the first quarter worth about $33,000. Institutional investors and hedge funds own 74.77% of the company's stock.

GE Aerospace Stock Performance

Shares of GE Aerospace stock opened at $294.97 on Friday. 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 firm has a market capitalization of $312.80 billion, a P/E ratio of 41.14, a P/E/G ratio of 3.17 and a beta of 1.48. The firm's 50 day moving average is $277.26 and its two-hundred day moving average is $240.78. GE Aerospace has a 52 week low of $159.36 and a 52 week high of $307.25.

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

GE Aerospace Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Royal Bank Of Canada upped their target price 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. Barclays upped their target price on shares of GE Aerospace from $230.00 to $295.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. Jefferies Financial Group upped their target price on shares of GE Aerospace from $320.00 to $350.00 and gave the stock a "buy" rating in a research note on Monday, September 22nd. UBS Group upped their target price on shares of GE Aerospace from $300.00 to $321.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Finally, Sanford C. Bernstein restated an "outperform" rating on shares of GE Aerospace in a research note on Friday, August 15th. Eleven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $241.92.

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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