Beacon Financial Advisory LLC Has $869,000 Stake in GE Aerospace $GE

Key Points

• Beacon Financial Advisory LLC increased its stake in GE Aerospace by 84.6% during the second quarter, bringing its total holding to $869,000.
• Several institutional investors have also raised their positions, with Brighton Jones LLC increasing its stake by 25.3%, bringing its total share count to 12,008 valued at $2,003,000.
• GE Aerospace recently declared a quarterly dividend of $0.36 per share, which will be distributed on October 27th to stockholders on record as of September 29th, representing an annualized yield of 0.5%.

Beacon Financial Advisory LLC grew its position in GE Aerospace (NYSE:GE - Free Report) by 84.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,377 shares of the company's stock after purchasing an additional 1,548 shares during the quarter. Beacon Financial Advisory LLC's holdings in GE Aerospace were worth $869,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC grew its position in GE Aerospace by 25.3% during the fourth quarter. Brighton Jones LLC now owns 12,008 shares of the company's stock worth $2,003,000 after buying an additional 2,421 shares in the last quarter. Revolve Wealth Partners LLC grew its position in GE Aerospace by 7.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company's stock worth $375,000 after buying an additional 150 shares in the last quarter. Beacon Financial Group acquired a new stake in GE Aerospace during the first quarter worth approximately $219,000. Vest Financial LLC grew its position in GE Aerospace by 569.5% during the first quarter. Vest Financial LLC now owns 62,992 shares of the company's stock worth $12,608,000 after buying an additional 53,583 shares in the last quarter. Finally, Signal Advisors Wealth LLC grew its position in GE Aerospace by 73.2% during the first quarter. Signal Advisors Wealth LLC now owns 2,480 shares of the company's stock worth $496,000 after buying an additional 1,048 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company's stock.

Analyst Upgrades and Downgrades

GE has been the topic of a number of analyst reports. UBS Group increased their price target on GE Aerospace from $300.00 to $321.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Sanford C. Bernstein reissued an "outperform" rating on shares of GE Aerospace in a research report on Friday, August 15th. Weiss Ratings reissued a "buy (b)" rating on shares of GE Aerospace in a research report on Saturday, September 27th. Barclays upped their target price on GE Aerospace from $230.00 to $295.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. Finally, Wall Street Zen cut GE Aerospace from a "buy" rating to a "hold" rating in a research note on Sunday, September 21st. Twelve investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $241.92.

GE Aerospace Stock Down 0.7%

NYSE GE opened at $297.40 on Friday. The business has a fifty day moving average price of $280.65 and a two-hundred day moving average price of $244.21. 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 fifty-two week low of $159.36 and a fifty-two week high of $307.25. The stock has a market capitalization of $315.38 billion, a PE ratio of 41.48, a PEG ratio of 3.20 and a beta of 1.49.

GE Aerospace (NYSE:GE - Get Free Report) last released its 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 analysts' expectations of $9.49 billion. During the same period in the prior year, the company earned $1.20 earnings per share. The company's quarterly revenue was up 21.2% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Equities analysts expect that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Monday, September 29th will be paid 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 is Monday, September 29th. GE Aerospace's dividend payout ratio is presently 20.08%.

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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